Cryptopia to Transferred 35% of Assets to New Wallets

Finally, the exchange has advanced to the stage of collecting assets on new wallets
14 March 2019   136

The hacked New Zealand cryptocurrency exchange Cryptopia reported on the measures it continues to take in preparation for the restart of its platform. To date, the exchange has advanced to the stage of collecting assets on new wallets.

As we prepare to open we have secured 35% of coins on our exchange to new wallets. We need to complete this exercise fully prior to opening the exchange. Please keep an eye on our page for further updates on this.
 

Cryptopia Exchange @twitter

This week, the exchange also stated that it had implemented the possibility of canceling applications that were posted by users before the hack was made in mid-January. The trading platform API is still disabled, so users need to cancel orders via the website. The company later resumed its support service so that users could resolve issues related to the reset of two-factor authentication and passwords. 

Earlier, representatives of Cryptopia stated that they could not resume trading on their platform, despite permission from the police, until they completed a number of procedures aimed at preventing further violations in its activities.

Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   23

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.