New Zealand Police Allows Cryptopia To Resume Its Operations
Cryptoia, a New Zealand-based cryptocurrency exchange finally received access to its building, after it came under a hack attack. New Zealand police has given the exchange permission to continue its operations. The founders’ exchange is currently remaining silent on these matters.
As of Wednesday, the New Zealand police was investigating the hack stated that their investigation does not restrict the cryptocurrency exchange Cryptopia from resuming their business again. The said hack lead to an estimated $23 million loss and a subsequent closed down during January. Though the exchange is currently being silent on the matter, a tweet announced the release.
Update: The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen.
— Cryptopia Exchange (@Cryptopia_NZ) February 14, 2019
“Cryptopia management have full access to their facility and business premises and the police investigation is not preventing their business from getting up and running again. However only Cryptopia management can speak to when it may be open again.”
Murton further added that the investigation continues and both New Zealand and the United States police collaborate with the FBI and other international experts.
“No timeframes as to a conclusion to the investigation can be provided at this time.”
Kelvin Chandran, CEO for a blockchain-based identity and risk scoring platform, SingleSource stated to a news outlet that the main challenge for these criminals is to be capable of liquidating the cryptocurrencies without being found out.
“We track the funds because we want to make our clients aware of which wallets are tainted, to comply with anti-money laundering regulations.”
Just after two weeks after the massive hack, Cryptopia lost another 17,000 Cryptopia wallets and lost over 1,675 ETH worth, as per the information provided by the blockchain analysis protocol and platform Elementus. It was concluded that “Consistent with our earlier hypothesis, Cryptopia no longer has the private keys to their Ethereum wallets and the hacker does.”
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