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Bitcoin Industry News

Trading Resumes on Cryptopia for Its 40 Crypto Pairs

Announced in a tweet on March 18, New Zealand-based Cryptopia will resume trading operations on its 40 pairs. The company has also promised to expand the list of trade pairs as they begin to approve more coins.

Following $16m Hack

After the infamous $16 million hack in Cryptopia in mid-January, the update has followed an announcement of the company to reopen trading operations on its platform before March ends. Before the disclosure of the breach, Cryptopia has undergone a lot of unscheduled maintenance. And even after the announcement of the hack, the siphoning of crypto reportedly went on for two additional weeks.

Co-founder of Cryptopia, Rob (Hex) Dawson

Rob (Hex) Dawson, the co-founder of Cryptopia, said that the company was in read-only form by the date of March 5. Cryptopia re-launched its website after the hack. During this time, the platform showed the Jan. 14, 2019 balances. That was the exact date that the company experienced the hack. Users who lost their cryptos to the hack would begin seeing the section especially labeled for withdraws on their account for the stolen coins. These records will explain the impact that their cryptos had experienced.

Today’s tweet elicited a lot of different reactions from the Crytopia community. Some users were happy that the company was back while the others could not help pointing fingers at Cryptopia over what they believed was a case of trading manipulation.

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