New Zealand-based exchange, Cryptopia, in March, announced that it will resume its trading services. In mid-January a major hack hit the cryptocurrency exchange. Despite banking issues Cryptopia continues crypto trading.
The company posted a notice on Twitter, saying:
“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.”
A full list of the available pairs has been provided on its support pages.
After Crypopia “suffered a security breach which resulted in significant losses”, on January 16 of this year, it went offline. The firm mostly remained quiet about the hack while it was seeking assistance from the local police. This was to locate the missing funds and bring the attackers to justice.
Eventually Cryptopia disclosed the amount of the loss from the breach, on February 27:
“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.”
The company has not yet put an official dollar figure on the loss. Nor has it stated which cryptocurrencies affected. An analysis done after the attack by a blockchain data analytics firm estimated that as much as $16 million in ether and ERC-20 tokens could have lost.
Users can access the site in read-only mode, as of March 4. In a letter to users on March 17, Cryptopia said that users who lost funds in the hack will be reimbursed.
The company was still experiencing issues with its fiat services, even while trading in some cryptocurrencies had. Despite banking issues Cryptopia continues crypto trading.
Back in March Cryptopia said on its news page that New Zealand dollar deposits and withdrawals are “currently suspended due to issues with banking service provision for NZDT”. Adding:
“We are working closely with our banking partners and hope to resume NZ dollar deposit and withdrawal services as soon as possible. Finding a solution is a high priority and we will notify our community as soon as there are further developments.”