Cryptopia to Restore Operations in Read-Only Mode

Users can log into their accounts and check the account balance, change passwords and 2FA; other functionality is unavailable
06 March 2019   231

The site of the New Zealand cryptocurrency exchange Cryptopia, affected by the actions of hackers in mid-January, resumed operation in a read-only mode.

Users can log into their accounts and check the account balance. At that, the displayed amount will correspond to the state of the account as of January 14 - until the moment the withdrawal of funds begins by the attacker. In the future, these data will be used by the exchange in the calculation of payments to victims.

The Cryptopia manual urged users to update passwords and data for two-factor authentication. Other site functionality is currently unavailable.

Also, for the first time since the moment of hacking, the exchange has announced the return of funds to affected users, indicating that it is at the “final stage”.

The site promised to publish additional information later.

Hackers craked into the Cryptopia exchange in mid-January, having stolen, according to the data of the analytical company Elementus, $ 16 million. Soon the same company reported that another $ 3.2 million had been stolen from Cryptopia.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   83

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.