Cryptopia news
Cryptopia is a cryptocurrency exchange that was founded in 2014 and was based in Christchurch, New Zealand. Unfortunately, the exchange was hacked in January 2019, resulting in the loss of millions of dollars worth of cryptocurrencies. Here are some recent news articles and updates about Cryptopia:
Hacking Incident
- January 2019: Cryptopia was hacked, resulting in the theft of approximately 9.4 million NZD (around $6.2 million USD) worth of cryptocurrencies, including Ethereum, Bitcoin, and Litecoin.
- February 2019: Cryptopia announced that it had suspended trading and withdrawals due to the hacking incident.
- March 2019: Cryptopia filed for bankruptcy in the High Court of New Zealand, citing the hacking incident as the primary reason.
Recovery Efforts
- April 2019: Cryptopia announced that it had hired a forensic accounting firm to help recover some of the stolen funds.
- May 2019: Cryptopia reported that it had recovered around 1.4 million NZD (around $900,000 USD) worth of cryptocurrencies from the hacking incident.
- June 2019: Cryptopia announced that it had reached a settlement with the New Zealand Financial Markets Authority (FMA) regarding the hacking incident.
Liquidation
- July 2019: Cryptopia announced that it would be liquidating its assets and shutting down its operations.
- August 2019: Cryptopia's liquidators reported that they had received over 100,000 claims from customers seeking to recover their lost funds.
- September 2019: Cryptopia's liquidators announced that they had recovered around 10% of the stolen funds, with the majority of the recovered funds being returned to customers.
Ongoing Investigations
- October 2019: New Zealand's police and the FMA launched an investigation into the hacking incident, with the goal of identifying and prosecuting those responsible.
- November 2019: Cryptopia's liquidators reported that they were still investigating the hacking incident and working to recover more of the stolen funds.
Recent Updates
- January 2020: Cryptopia's liquidators reported that they had recovered around 20% of the stolen funds, with the majority of the recovered funds being returned to customers.
- February 2020: Cryptopia's liquidators announced that they would be holding a meeting with customers to discuss the progress of the recovery efforts and answer questions.
It's worth noting that Cryptopia's hacking incident was one of the largest and most significant in the history of the cryptocurrency industry, and it has had a significant impact on the exchange and its customers.