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   316

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.

Stolen Cryptopia Funds to be Found at Huobi

Researchers says hackers presumably chose this site to withdraw part of the stolen assets
21 May 2019   105

CoinFirm researchers tracked the movement of funds stolen from the New Zealand Bitcoin Exchange Cryptopia.

Two other addresses received a total of 1010 ETH. At the same time, according to CoinDesk, 10 ETH were moved to the wallet of the Huobi exchange. Hackers, presumably, chose this site to withdraw part of the stolen funds.

According to data, the damage to Cryptopia as a result of the January hacking could amount to $ 16 million. The site management announced its intention to return funds to affected users and even credited tokens to users' accounts, which fixed the amount of payments due to them.

Attempts of the management to achieve profitability after hacking were in vain. The management subsequently decided to begin the liquidation process for Cryptopia.