Hacked New Zealand Crypto Exchange, Cryptopia, Halts Trading, Goes into Liquidation. Cryptopia, a New Zealand-based cryptocurrency trading platform that, in February, watched helplessly for days as hackers drained an estimated $16 million USD in cryptocurrency tokens from exchange coffers, has gone into liquidation.
As the cryptocurrency market finds its legs in mid-2019, an unfortunate undercurrent persists vis–vis the floundering New Zealand exchange Cryptopia. Its one-time international popularity and solid reputation have already been ruined after the exchange dragged its feet on revealing a January hack, which cost its users somewhere in the region of $16 million in cryptocurrency [.]
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The saga of the hacked New Zealand-based cryptocurrency exchange, Cryptopia, doesn’t seem to end. Just a week after the exchange entered the liquidation process, over 30,000 ETH stolen from Cryptopia in January was transferred to an unknown wallet. As confirmed by WhaleAlert, a tracker of large cryptocurrency-related transactions, the transfer occurred at 01:43:57 UTC on.
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Luckily, the exchange says it was able to halt trading, reverse the trades: “We have since been in contact with the owner of the bot, who has agreed to reverse the trades in exchange for a bug bounty..
Cryptopia, a New Zealand cryptocurrency exchange that suffered serious hacking in January 2019, announced the suspension of its operations and decided to liquidate, according to a message posted on its official Twitter account and a statement on its official website.
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Cryptopia, a New Zealand-based cryptocurrency trading platform that, in February, watched helplessly for days as hackers drained an estimated $16 million USD in cryptocurrency tokens from exchange.