4 Feb 2019

Police baffled as crypto-currency funds disappear

From Morning Report, 8:44 am on 4 February 2019

Funds are continue to be drained from the New Zealand digital currency exchange Cryptopia more than two weeks after police started investigating. Various cryptocurrencies believed to be worth more than $23 million have been siphoned from the trading exchange since it was first hacked on January 14. But even with scores of police investigators on the case, money is still disappearing, the latest being 260 thousand dollars worth last week. on Tuesday. Max Galker, who runs the cryptocurrency watchdog Elementus, has been monitoring the flow of virtual money from Cryptopia. He told RNZ reporter Matthew Theunissen most hackers aren't caught.