New Zealand Police has allowed the Cryptopia team to reopen after a major hack breached their cryptocurrency trading website, however, the team has stayed silent. It was one of the first major Cryptocurrency hacks of 2019.
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Cryptopia was hacked mid-January which resulted in the total loss of over $16 Million worth of Ethereum, and Ethereum Tokens, as it was siphoned from thousands of wallets from users on Cryptopia. Experts suggested a loss at an amount upwards of $23 million. A major wallet, suspected to be the hacker, currently has almost $4 Million in one wallet, while the bulk of the money has been transferred to cryptocurrency exchanges like Bitbox, and a decentralized exchange known as Ether Delta. Binance also was another exchange where the hacker wanted to transfer their funds but it was rejected by Binance.
New Zealand Detective Inspector, Greg Murton, reportedly said that New Zealand Police are not hampering Cryptopia's ability to resume operations and enabling everyone's accounts. The hack lasted roughly 2 weeks, and it seems to be under control. Murton has yet to speak on about if they have found the hackers, or if there are any charges that will be pressed on anyone. Cryptopia's Twitter account has yet to mention anything regarding the case, they have only suggested to keep up with the New Zealand Police updates which it does leave a big question.
If NZ Police are permitting Cryptopia to resume operations, then why has Cryptopia stayed silent?
Let us know what you think.
