Cryptopia announces intention to reopen by March-end

[Leonardo]

Cryptopia, the New Zealand-based cryptocurrency exchange has been working on updating its system to start afresh, after two hacks crippled the exchange in January 2019. In order to be fully functional, the exchange carried out a system update, following which it was functional for a short while, reported Chepicap.

During this window, the exchange allowed users to carry out trading activities, before halting it again. In their latest tweet, the exchange also informed users about the scheduled update that was going to take place.

“Please note, that we will be putting the site will be into maintenance from 2pm (NZDT or 1am UTC) today for 2 hours, we will keep you updated on our progress.”

Cryptopia also announced that the team will be sending emails to all users impacted by the hack. The mail in question, appeared to be a clarification about the hack, and addressed allegations of it being an exit scam. The exchange further explained the steps taken by them during the hack, steps that prevented additional funds being compromised.

“On the 14th of January 2019 we noticed several suspicious transactions and placed our site into maintenance to prevent additional funds from being compromised as best we could.”

The exchange added,


Cryptopia, the New Zealand-based cryptocurrency exchange has been working on updating its system to start afresh, after two hacks crippled the exchange in January 2019. In order to be fully functional, the exchange carried out a system update, following which it was functional for a short while, reported Chepicap.

During this window, the exchange allowed users to carry out trading activities, before halting it again. In their latest tweet, the exchange also informed users about the scheduled update that was going to take place.

“Please note, that we will be putting the site will be into maintenance from 2pm (NZDT or 1am UTC) today for 2 hours, we will keep you updated on our progress.”

Cryptopia also announced that the team will be sending emails to all users impacted by the hack. The mail in question, appeared to be a clarification about the hack, and addressed allegations of it being an exit scam. The exchange further explained the steps taken by them during the hack, steps that prevented additional funds being compromised.

“On the 14th of January 2019 we noticed several suspicious transactions and placed our site into maintenance to prevent additional funds from being compromised as best we could.”

The exchange added,





“We notified local and international law enforcement agencies of the matter and our offices were locked down and the site was only accessible to a very small number of staff and law enforcement agencies.”

Since been given access to their site on 14 February, the exchange has taken significant steps in resuming service, including regular updates via their Twitter handle. The blog had also announced that victims of the hack will be refunded.

The exchange informed users that they were planning to go active by the end of this month, and concluded by saying,

“We will be emailing you again shortly with more details around the rebates and the projected dates for trading to be active again. Please be aware, we are hoping to achieve this by the end of the month.”

Source: https://ambcrypto.com/cryptopia-announces-intention-to-reopen-by-march-end-reveals-website-in-testing-phase/