Cryptopia Relaunches Its Website, Resuming User Balances As Per Their Pre-Hacked State
Cryptopia, a cryptocurrency exchange that was hacked in mid-January, has re-launched its website in a read-only format and had resumed the user balances to its pre-hacked state, as per a tweet by the firm on March 5.
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.
— Cryptopia Exchange (@Cryptopia_NZ) March 5, 2019
Cryptopia earlier announced that their website will go live on March 4, however, the site finally went live after a days’ delay on Tuesday, March 5. The latest series of tweets by the exchange, further confirms that it will use customers’ balances as at Jan. 14 as a basis for further calculating rebates.
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 finalising a rebate process for affected users, more details to follow. Thank you for your support during the last few weeks.
— Cryptopia Exchange (@Cryptopia_NZ) March 4, 2019
As of now, the site recommends the customers to reset their passwords and two-factor authentication credentials.
Cryptopia suffered a $16 million hack in mid-January and was immediately taken over by the concerned authorities of New Zealand. After a thorough investigation, the New Zealand police allowed the exchange to resume its operations on Feb 13. After which the platform announced that they will not be resuming trading until the exchange can fully identify their losses and ensure that the balance is completely secure.
The initial reports revealed the total extent of the loss. Further reports suggest that the hackers were syphoning crypto out of the exchange as late as two weeks later.