One of the biggest New Zealand exchanges, Cryptopia, decided to regain its activity after major loss in January 2019. The platform has officially posted on Twitter that on March 5, it will re-open, however, people will be able to read only.
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
The company also mentioned that they had a slight delay due to technical problems. After $16 million breach in January, 2019, the company is mainly oriented on security and privacy of the exchange. Let us recall you about that breach:
So, will the platform be able to improve its security measures? Last month, Cryptopia claimed that it would secure each wallet individually, moreover, it gave an advice not to deposit any funds to old addresses. As for the end of February, 24% of crypto wallets were on new security server.
“We have transitioned 24% of all wallets to our new secure servers. Once the read only site is online, we will be keeping users up to date on which wallets have been checked and secured via the coin info page.”
Some people like to exaggerate the problem making it bigger that it seems, same happened with Cryptopia. Many users claimed that the exchange had lost about a half of assets and it was just impossible to restore them, some even compare it with Mt.Gox exchange. However, the platform denied all the statement saying that only 10% of funds were stolen.
We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen. Please keep an eye on our page for further updates today.
— Cryptopia Exchange (@Cryptopia_NZ) February 27, 2019
We hope that the exchange will enhance its secure measures so that such breach does not happen again. We remind you
Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/