• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
cryptopia exchange

Hacked Cryptopia Resumes with Read-Only Website

Osato Avan-Nomayo by Osato Avan-Nomayo
5 years ago
in News, Bitcoin Exchange, Companies, News teaser
0

Cryptopia has announced that its read-only website is now live. The New Zealand-based cryptocurrency exchange platform suffered a hack back in mid-January, leading to the theft of about nine percent of the company’s funds. 


Cryptopia Website Showing Pre-Hack Balances

In a tweet published on Tuesday (March 5, 2019), Cryptopia announced that its read-only site is now online. According to the tweet, customers can view their pre-hack balances, which the company says it will use as “a baseline” for reimbursing those affected by the hack.

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

On Monday (March 4, 2019), the New Zealand-based Cryptopia had announced that customers might also use the read-only website to reset their two-factor authentication (2-FA) credentials and account passwords. The read-only site was initially supposed to go live on Sunday (March 3, 2019) but was pushed back due to some technical issues.

Based on previous statements released by the company, the launch of the read-only website also gives users the opportunity to monitor the company’s progress on securing its wallets. At the back-end of February 2019, Cryptopia revealed that it was in the process of transitioning its wallets to new secure servers.

After the first hack, Bitcoinist reported that the hackers resumed their attack. Some users, unbeknownst to them, continued to have funds deposited in wallets already under the control of the hackers. Cryptopia even alerted its customers back in February 2019 not to deposit funds into any old platform address.

Rebate Process Imminent

The cryptocurrency exchange also announced there it would refund customers affected in the hack. The first attack saw the loss of more than $16 million worth of ETH tokens stolen. In the second attack, the hackers siphoned a further $180,000 in the second attack that occurred 15 days later.

Back in February 2019, Bitcoinist revealed that the hackers had been able to liquidate $3.2 million of the stolen cryptocurrency. In total, the company also said the attacks resulted in the loss of about 9.4 percent of all total funds.

The Cryptopia hack was the first in 2019 and once again stoked the flames of the debate concerning the most secure means of storing cryptocurrencies. In 2018, hackers stole almost $1 billion from cryptocurrency exchange platforms across the globe.

Do you think Cryptopia will be able to regain the trust of its customers? Let us know your thoughts in the comments below. 


Images courtesy of Twitter, Bitcoinist archives.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Osato Avan-Nomayo

Osato Avan-Nomayo

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Related Posts

BitBoy

Crypto Influencer ‘BitBoy’ Arrested Live On YouTube – Here’s What Happened

6 hours ago
Upbit

Upbit’s Dark Hour: Fake APT Tokens Wreak Havoc In South Korea

2 days ago
Barclays

Crypto Investor Barclays Announces Closure Of UK Accounts For British Expats

3 days ago
Friend.tech

New Report Dives Into The Good, The Bad, And The Ugly Side Of Friend.Tech

4 days ago
crypto

Crypto Clients In China Targeted As Singapore Expands Money Laundering Probe

5 days ago
TikTok

TikTok Faces Challenge As Elon Musk Crypto Scams Multiply

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • While Litecoin (LTC) and Aave (AAVE) try to break key...

    9 hours ago
  • Bitcoin (BTC) and Compound (COMP) At the Market Crossroads...

    9 hours ago
  • Next 10x Crypto Gems: 6 Coins Under $0.50 To Buy Now

    10 hours ago
  • TokenCoin — Guide to Earning Passive Income through...

    10 hours ago
  • Pepe Coin Price Continues To Decline, Kangamoon and Shiba...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.