Cryptopia to Transfer 1/2 of Assets to Updated Wallets

Cryptocurrency exchange continues to recover from January hacker attack, when, according to experts, $16M were stolen, but some users are unhappy still
05 April 2019   266

The New Zealand cryptocurrency exchange Cryptopia, which was subjected to a hacker attack in January, shared further details regarding the progress it had achieved on the way to the resumption of the trading platform.

We are 50% through securing all 457 coins listed to new private keys. Please remember to cancel any unwanted open orders as markets are being re-enabled one by one, and please take the time to refresh your 2FA, API key and password if you haven't already.

Cryptopia @twitter

Since February, the exchange has been taking measures to fully restart its trading platform, which has lost $ 16 million, according to analysts' estimates. Transactions to date have been resumed in more than 40 pairs of pairs and API has been activated. The company also promised to compensate for the losses of users and credited to this account to their accounts tokens, indicating the amount of payments due to them.

A lot of community members are unhappy that the exchange still does not allow for the withdrawal of user-owned funds, and the length of the process of restoring full functionality is too big. The exchange has been particularly actively criticized in recent days against the backdrop of a rise in the crypto market.

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   88

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.