New Zealand Police Making Progress in Cryptopia Hack Investigation

New Zealand police are collaborating with international law enforcement agencies in order to track down hackers who stole over $16.1 million from local exchange Cryptopia. According to a February 5 press release, the lost funds and the perpetrators are currently being tracked down.

“Excellent progress is being made in the investigation and we are working with Cryptopia management plus current and former employees who have been providing valuable assistance,” Detective Inspector Greg Murton said.

Murton also added that the stolen cryptocurrency is “being actively tracked” by the New Zealand police. Due to the nature of cryptocurrency blockchains, specialists from around the world have been helping with the investigation, he said.

The police’s press release noted that the investigation is expected to take a considerable amount of time to resolve, as cyber crimes are notoriously complex and difficult to solve.

Cryptopia’s New Zealand headquarters are currently being investigated and should be concluded by the end of next week, reports showed. The two-week-long hack that hit Cryptopia on January 15 resulted in over $16 million being stolen from thousands of Ethereum wallets.

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