Cryptopia Crypto Exchange Lost 9.4% of its Holdings to Hackers

[Goodcat49]

New Zealand (NZ)-based crypto exchange giant Cryptopia has issued an update concerning how much funds were lost during the hack of January 2019. According to the latest update, the company sat down and calculated all its holdings in a worst-case scenario and discovered 9.4% of their total crypto assets were lost to malevolent hackers.

In January this year, Cryptopia went offline after openly reporting a “major security breach,” that probably resulted in a theft of around $3 million. Planning to take in numerous of the nation’s law enforcement agencies, its statement also noted that all of the exchange’s operation and trading services would be postponed indefinitely.

Weak Private Keys

Hitherto, the hacked crypto exchange has not released any updates concerning the value of the stolen cryptocurrency. The company has been working hand in hand with different authorities such as the police high tech crime unit and avoided giving an update in order to enable the investigation to flourish.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cryptopia-lost-holdings/