Cryptopia, the Newzealand based exchange was hacked earlier this year, and the operations have been shut down since. However, the exchange has finally released the estimate of their loss to be around nine and a half percent (9.4%). The tweet came from the official Cryptopia account with a little more insight into the current situation.
Update:
We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen. Please keep an eye on our page for further updates today.— Cryptopia Exchange (@Cryptopia_NZ) February 27, 2019
The exchange also revealed that it is taking all precautionary measures including a thorough security check for each wallet before the operations are resumed in order to ensure that another hack would not be possible. It also warned users not to add any funds to their old Cryptopia addresses with a promise to provide an update on 28th of February, 2019.
Update: As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses.
We have more updates to come tomorrow, keep an eye on our page.— Cryptopia Exchange (@Cryptopia_NZ) February 27, 2019
Twitter users, on the other hand, are now a little skeptic of the exchange and the activities that have taken place since the hack. Twitterati Alex Crypto mocked the exchange with a fake Cryptopia reopening announcement on the 29th of February this year, however, ironically enough this is not a leap year.
Good news!!! #Cryptopia will reopen on the 29th of February 🥳🥳🥳#HODL #CryptopiaHack #BTC #Crypto
— Alex Crypto (@Crypto__Wolfie) February 23, 2019
Users are also growing weary of the prolonged delay in responses, updates, and lack of access to the exchange. A user on twitter had complained tot he media outlet through twitter to report the issue since thousands of people are suffering due to the prolonged dilemma. Hendrik Merwe expressed on Twitter that the Newzealand police has returned the operational control of the exchange to the company. However, their silence is almost criminal in nature. His statement came on the 25th of February 2019.
@nzherald – 1000’s need your help please. We are being held HOSTAGE by cryptopia, NO updates, NO access, NO responese to tweets or emails. They got site back from cops on 02/14 – this is what’s on their website -still! https://t.co/Elj5TUe9Xz pic.twitter.com/tfxR9hHWGF
— Hendrik M v.d Merwe (@procompwc) February 25, 2019
The exchange had unofficially clarified their position yesterday through a telegram post that revealed the current situation at the exchange with updates on the delay with the explanation that the exchange cannot be reopened without proper estimation of their losses.
