New Zealand-based cryptocurrency exchange Cryptopia did not exactly have the best start to a new year. The exchange was attacked by hackers two times in a space of 15 days in January this year.
However, the exchange has been slowly rebuilding by taking baby steps at a time. Recently, Crypto-News India had reported that the exchange had announced that it had reopened but it was only in read only mode. The exchange said, “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.”
The statement had added, earlier, “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.”
Now, the exchange has said that it has opened the option for users to cancel orders. In a Twitter thread it said, “As we work towards full re-launch of the platform, we have now enabled the ability for users to cancel their standing orders. The API is still disabled, so you will need to cancel through the website.”
As we work towards full re-launch of the platform, we have now enabled the ability for users to cancel their standing orders. The API is still disabled, so you will need to cancel through the website.
— Cryptopia Exchange (@Cryptopia_NZ) March 11, 2019
It added, “If you want to cancel all orders in one go, this can be done from the account page under the Open Trades section: https://cryptopia.co.nz/Trades.”
It takes fair amount of gumption to rebuild a breached exchange. Especially, in the light of the attack which resulted in loss figure which was stated to be somewhere near $16 million.
At the time, blogpost named Elementus had said, “The funds were taken from more than 76,000 different wallets, none of which were smart contracts. The thieves must have gained access to not one private key, but thousands of them.”
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