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27 March 2023
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Exchange & Wallet

Cryptopia Failed to Reopen on Monday

New Zealand-based troubled cryptocurrency exchange Cryptopia failed to reopen on Monday due to unspecified reasons.

“We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow,” the company tweeted, promising more updates “as this progresses.”

Their clients reacted:

Last Thursday, Cryptopia, which was closed in January following the hack which cost users an estimated USD 23 million, announced that they aim to reopen their site “as read-only” by Monday. A day ago, the company, which reportedly has more than 1.4 million users, said that “worst case 9.4% of our total holdings was stolen” and they are “securing each wallet individually to ensure the exchange is fully secure when we resume trading.” Also, Cryptopia asked their clients to refrain from depositing funds into old Cryptopia addresses “as a result of the new wallets.”

The company claims they have “transitioned 24% of all wallets to our new secure servers. Once the read only site is online, we will be keeping users up to date on which wallets have been checked and secured via the coin info page.”

Meanwhile, a third wave of crypto wallets tied to cryptocurrency exchange Cryptopia were emptied to the tune of around USD 30,000 – USD 40,000 worth of ether.

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