Cryptopia resumes trading of 40 trade pairs; plans to add more soon

The New Zealand-based cryptocurrency exchange, Cryptopia, announced that it resumed trading on 40 pairs that they deemed secure. The exchange, which was hacked twice in January 2019, has since been taking several steps towards a full recovery from the attack.

Cryptopia tweeted,

“Update: We have resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.”

The exchange provided users with a list of these tradable pairs, and informed that they will be adding more pairs as soon as they are cleared and deemed secure. Cryptopia had also informed users that it will be sending emails to all impacted customers, clarifying the role the exchange played, to secure the tokens and the platform, in the aftermath of the hack. The email also addressed allegations of it being an exit scam, informing customers about the actions they immediately took to prevent additional funds from being compromised.

“On the 14th of January 2019 we noticed several suspicious transactions and placed our site into maintenance to prevent additional funds from being compromised as best we could.”

The exchange added,

“We notified local and international law enforcement agencies of the matter and our offices were locked down and the site was only accessible to a very small number of staff and law enforcement agencies.”

The exchange was able to access their website on 14 February, after which it tried to study the impact of the attack, and plan towards re-launching the website. The users who lost funds will also be eligible for a refund, informed Cryptopia. The exchange plans to be fully operational by the end of March. The email concluded,

“We will be emailing you again shortly with more details around the rebates and the projected dates for trading to be active again. Please be aware, we are hoping to achieve this by the end of the month.”

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