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As reported by Whale Alert, the funds stolen from Cryptopia have been moved. According to reports, over 5700 Ethereum (ETH) funds worth over $1 million have been moved.
About a dozen or so transactions of different amounts, between 450 and 2100 ETH, took place this morning, transferring the various funds to several additional addresses precisely in an attempt to lose the trail or prevent them from being tracked again.
In fact, the main purpose of moving the funds is to try to transfer them to new addresses, unmarked, in a quick way by exploiting some flaws of some exchanges in order to liquidate them.
It should be remembered that about 30 thousand ETH were stolen from Cryptopia and some of the funds were found in different accounts and platforms, while some were frozen and then returned to the exchange users.
In the meantime, a court ruling has established that those funds belong to the users who had an open wallet on Cryptopia, with the result that they cannot be used by the liquidator to pay any pending fees, but must be returned to their rightful owners.
Even if there are thefts and attacks in this sector, thanks to the blockchain it is possible to trace every movement, and depending on the speed, it is possible to communicate the addresses to the various platforms so the latter, as soon as they trace funds from those reported addresses, will freeze them and block them immediately. However, the criminals who are responsible for the theft usually send a few funds at a time to test if the address is already on the blacklist, and if it is not then they continue to launder these funds.
Only in a few cases, all the funds have been recovered thanks to agreements made with the criminals who perpetrated the attack, this was the case of the incident involving dForce that managed to recover as much as 25 million dollars.
In conclusion, always remember to never leave funds on exchanges or centralized platforms and check whether any protocols have passed the certifications and audits of their smart contracts, such as the services offered by Quantstamp.