NZ Cryptopia shares with some progress in restoring operations

Posted 04 April, 2019

New Zealand's cryptocurrency exchange Cryptopia has revealed some new information about the progress achieved in the restoration of the assets after the January hack. The company keeps working on the complete resumption of its operations. 

The company commented on the achieved progress on its official Twitter account saying that it has already processed half of all assets listed on the platform.

"We are 50% through securing all 457 coins listed to new private keys. Please remember to cancel any unwanted open orders as markets are being re-enabled one by one, and please take the time to refresh your 2FA, API key and password if you haven't already."

At the same time, the platform's users hardly express any happiness regarding the news. Many of them are carping at the slow pace of the exchange recovery. Some users believe that the company is too slow in terms of the operations recovery, while others are outraged with the fact that they cannot withdraw funds that are already at safe wallets. One of them also cites that this happens just when bitcoin is on the rise.

For reference, the exchange has been taking active steps to restore operations after the hack that caused $16 million losses. The company management reported security breach and losses in mid-January. The platform informed the local police department regarding the accident and the latter launched an investigation.  Later, NZ police noted good progress in the case, while some lost funds were detected at Binance. According to the latest assessment, Cryptopia could lose about 9.4% of its total assets. By now it managed to restore trading of more than 40 pairs and restart API. 

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