Cryptopia, which is the New Zealand-based cryptocurrency exchange, has continued trading in 40 trade pairs, as per its latest tweet posted this week.
In the tweet, the firm stated that it has started trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins. The information follows the exchange’s new statement of the tactics to reopen trading on its platform by the end of March following a $16 million hack in mid-January.
After the early reports of the hack, additional indications allegedly surfaced that hackers were tapping cryptocurrency out of the exchange as late as two weeks later. In January, Cryptopia deferred services after noticing the main hack, which allegedly caused noteworthy fatalities.
The transaction had initially been conversant with the public. It was experiencing spontaneous maintenance, delivering numerous updates before formally revealing the opening.
As previously reported, Crypto Pia co-founder Rob (Hex) Dawson mentioned that the corporation started its website read-only in March, but the exchange presented the balances as they were on Jan. 14, 2019, the date of the hack.
The crypto exchange clarified that the website could be used to rearrange passwords and two-factor verification identifications, which is also the highest importance subject in terms of customer support at the present stage.
At present, the tweet has received a varied reaction from the public, with a few of the workers greeting the firm back and others reproaching Cryptopia for its interchange operation: “Cryptopia manipulates trading to some extent. They open trading with wallet offline and no announcement.”
He further stated that customers who had lost their crypto could begin to see a section called “Withdraws on your account for those coins.” He explained that transaction IDs (TXIDs) for the withdraw orders will not exist on the network, but include details on how the coin had been impacted during the event.
Another worker said:
“What are you talking about? You took my BTC. I saw your withdrawal history: INTERNAL WITHDRAW: on March 18, 2019. I want my BTC back!”
Hex specified that users who lost their cryptocurrencies will start to see a section dubbed “Withdraws on your account for those coins.” He explained that transaction IDs (TXIDs) for the withdrawal orders will not exist on the network; however, they will include details on how the coin was impacted in the event.
For each withdrawal order, users will also see a subsequent deposit of a Cryptopia Loss Marker (CLM) — a TXID that will stand for the lost coins — which will also not be represented on the network, the post says. Hex noted that CLM is not a coin.
Cryptopia’s founder also mentioned that customers are now allowed to cancel their standing orders via the official website while the API is still damaged. The exchange powerfully cautioned its users to the catchphrase from putting funds into old Cryptopia addresses.
In the aftermath of the Cryptopia hack, the exchange noted that it would not start trading until it was guaranteed that user balances were protected.