Cryptopia faces ‘slight delay’ in relaunching site following January’s hack
New Zealand-based cryptocurrency exchange Cryptopia has pleaded with users to “not send any deposits” to the site just one day after Grant Thornton was appointed as its liquidator. Cryptopia has been plagued with bad luck since the turn of the year following a malicious hack that saw $11 million stolen by cyber-criminals. After months of criminal investigations and maintenance work, the exchange reopened deposits in April. However, the relaunch of the exchange turned out to be short-lived, as on Wednesday it was confirmed that Grant Thornton was being brought in as its liquidator. PLEASE DO NOT SEND ANY DEPOSITS TO CRYPTOPIA. — Cryptopia Exchange (@Cryptopia_NZ) May 16, 2019 “We realise Cryptopia’s customers will want to have this matter resolved as
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·Coin RivetNew Zealand-based cryptocurrency exchange Cryptopia is facing a fresh delay in relaunching its site, which was originally scheduled for Monday March 4th.
As reported by Coin Rivet in January, more than $11 million was stolen from the exchange after hackers gained access to the company’s hot wallets.
Local law enforcement claimed to have been making “excellent progress” on the investigation to find the hackers in February, although they did admit that it may take time due to the “complexity” of blockchain transactions.
On February 28th, Cryptopia issued an update stating: “We are aiming to have the Cryptopia site reopened as read-only by Monday.”
Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses.
— Cryptopia Exchange (@Cryptopia_NZ) March 4, 2019
But the relaunch has now been pushed back to Tuesday, with the site admitting to a “slight delay” despite having already transitioned “24% of all wallets to the new servers.”
The site has also welcomed the return of co-founders Adam Clark and Rob Dawson, both of whom are “focused on setting a clear strategic direction moving forward.”
To Cryptopia’s credit, the exchange has been completely transparent following January’s hack. Last week, it admitted that 9.4% of its total holdings was stolen.
The exchange’s openness in responding to the hack highlights the lack of clarity coming out of the QuadrigaCX situation, where many users are still being left in the dark following the sudden death of the company’s CEO, who is alleged to be the only person with access to the company’s wallets.
Both cases demonstrate the importance of users holding their own private keys. If every cryptocurrency trader and investor had full control of their assets, no funds would have been stolen.
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