Cryptocurrency & Blockchain Business
Joji Xavier

Cryptopia Exchange Goes Offline After Hack

Share on facebook
Share on twitter
Share on linkedin
Share on telegram
Share on whatsapp
Share on pocket
Share on vk
Share on reddit

A New Zealand-based crypto-currency trading company went offline after it was hacked at the weekend.

Cryptopia, based in Christchurch, announced on Twitter that on January 14, it suffered a security breach that resulted in significant losses. “Once identified, the exchange was put into maintenance while we assessed damages,” it added.

The exchange has not disclosed the value of the losses, the tokens and currencies affected or any measures to refund users.

But Whale Alert, which tracks large crypto transactions, reported that 19,391 ether (ETH) tokens worth nearly $2.44 million, and around 48 million centrality (CENNZ) tokens worth about $1.18 million were transferred from Cryptopia to unknown wallets on Saturday.

A notice on the now defunct exchange’s website says, “Cryptopia is currently in unscheduled maintenance mode. We will be back soon.”

The New Zealand police and the High-Tech Crimes Unit are “jointly and actively investigating the matter as a major crime and they are assisting us with advice,” Cryptopia tweeted.

The Cryptopia crypto currency exchange will remain in maintenance mode, with trading suspended, while the investigation is carried out.

A special investigation team, including subject experts, is being formed in Christchurch.

Police are also liaising with relevant partner agencies in New Zealand and overseas.

If you enjoyed this article please share it for others to read

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on telegram
Telegram
Share on whatsapp
WhatsApp
Share on pocket
Pocket
Share on email
Email
Share on vk
VK

Other Hack news you may find interesting

Leave a Reply

 

 

 

News by Month
Scroll to top