Cryptopia Could Open by 4th Of March After Hack – Details

Cryptopia Hack

Cryptopia Could Open by 4th Of March After Hack – Details

Cryptopia Hack

New Zealand cryptocurrency exchange Cryptopia which was hacked will reopen for business on Monday next week.

In a series of updates, Cryptopia revealed its two founders would be returning to the company to help spearhead operations following an overhaul of its structure.

Police formally granted permission for trading to resume in mid-February, but a subsequent notice from staff implied it was not yet possible to begin processing users.

One of the tweets reads: “We are aiming to have the Cryptopia site re-opened as read only by Monday,”

Hackers stole millions of dollars’ worth of cryptocurrency from Cryptopia in January. An international police investigation has since launched, with cryptopia revealing that the attack had claimed just under a tenth of its assets.

Another tweet reads: “We are continuing to work on assessing the impact incurred as a result of the hack in January,”

“Currently, we have calculated that worst case 9.4% of our total holdings was stolen.”

New Zealand police officials are yet to comment further on the situation since issuing an update on their investigations earlier this February.

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