Update: Cryptopia ‘read-only’ site relaunched after January hack cost exchange $16 million

Cryptopia, a New Zealand-based cryptocurrency exchange that was hit by hackers in the second week of January 2019, relaunched their website today after almost a month.

The exchange tweeted that the site will be live but it will only be “read-only” site, i.e, users will only be able to check their balance for now. The tweet read:

“The read only site will be live today, it will show balances as at 14th Jan 2019. Please use this site to reset passwords and 2FA credentials. We are finalizing a rebate process for affected users, more details to follow. Thank you for your support during the last few weeks”

The site urged users to reset their password and further bolster their accounts by enabling the Two-Factor Authentication. The exchange did not mention a time but announced that it was live in a subsequent update via their official Twitter page.

Cryptopia tweeted:

“Update: The read-only site is now live. The holding balance from the 14th Jan is pre hack and we will be using these holdings as a baseline for calculating rebates moving forwards.”

@mohammedelhout, a Twitter user, commented,

“What is this “rebate”? Do we get our whole balance back?
Great job guys.. these few weeks must have been stressful to your teams. You are appreciated.”

@arunv153, another Twitter user, commented,

“Cryptopia is better than any 10 top exchanges… one of the best in the game. The top 10 exchanges are nothing but a shit of bots manipulating the volumes and are backed by huge marketing funds earned from huge listing fees.. ridiculous suckers”

The exchange went offline citing “unscheduled maintenance” on January 14 after a hack led to a reported loss of $16 million in Ethereum and ERC20 tokens. The exchange, after assessing the damage done by the hack had claimed via tweets that a loss of 9.4% of the total holdings was the “worst case”.

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