Big Cryptocurrency exchange Binance has frozen tokens which came to its wallets by the entity hacking the New Zealand exchange Cryptopia, CEO Changpeng Zhao reported on January 16 in a tweet.
Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic
— CZ Binance (@cz_binance) January 16, 2019
Cryptopia, which is currently closed when police investigate the hack, has lost at least $ 3.6 million in cryptocurrency, sources said.
While the total amount of confiscated funds remains unconfirmed, Binance has been alerted by social media users to suspicious transactions of addresses known to be related to the theft of Cryptopia.
Zhao said the staff had quarantined the tokens that appeared to have arrived in several series: 31,320 Metal (MTL) worth $ 7,830 and 49,766 KyberNetwork (KNC) tokens valued at 6,867 at press time.