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Cryptopia Exchange Publishes New Figures of Crypto Lost in Hack, About to Relaunch

Wed, 02/27/2019 - 13:04
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Yuri Molchan
New Zealand-based Cryptopia exchange has made the final estimation of the losses it suffered after the recent malicious attack
Cryptopia Exchange Publishes New Figures of Crypto Lost in Hack, About to Relaunch
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Since the hacker attack on Cryptopia took place, the management team has hardly been giving any comments, explaining this as advice from the police to remain silent on the issue.

However, on Wednesday, Feb 27, the platform took to its Twitter account to share the results of the most recent calculations and investigations and revealing the overall monetary damage.

New details revealed

In one of the tweets on the subject, Cryptopia says that the latest calculations and reviews make the overall amount of crypto lost around 9.4 percent. The exchange is still busy estimating the damage suffered in the cyber-attack in January. Although, it is not clear how much this is in crypto or fiat.


The exchange went offline in mid-January after leaving a message on Twitter, saying that they had suffered a hacker attack over a security bug that caused great losses. No further comments were provided, since Cryptopia wanted for the police to finish their investigation.

A little later, a local blockchain and crypto expert published a blog post, saying that the NZ police are unable to solve this case, suggesting that proper stat regulations for crypto must be implemented in the country to make this sphere secure.

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The hackers strike again

DLT analytics firm Elementus made their own estimate of Cryptopia’s damage, saying that the platform could have been robbed for around $16 mln in ETH and ERC20 coins.

Later on, media reports emerged, saying that the hackers did a second attack, stealing another 1,700 ETH, which back then was worth a little over $180,000. However, the New Zealand police denied these assumptions.

Cryptopia to relaunch soon

In the most recent tweet, the exchange team made it clear that currently new wallets have been set up and that now each of them is undergoing an individual check to secure customers’ funds in the future.

They are also warning customers against depositing any crypto into their old wallets.

Cryptopia is apparently getting ready to resume trading soon.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at

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