Cryptopia Exchange Resumes Its Trading On 40 Crypto Pairs

The New Zealand-based cryptocurrency exchange Cryptopia is in the digital currency news today for resuming its trading operations on 40 trade pairs including Bitcoin. The news emerged from a tweet in which the firm confirmed the resuming process on March 18th.

In the tweet, the company announced that it has ““resumed trading on 40 trade pairs that were quantified as secure” and said that the exchange “will continue to expand this list as we clear more coins.”

Update: We have resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.

— Cryptopia Exchange (@Cryptopia_NZ) March 19, 2019

This update follows the exchange and its recent announcement of the plans to reopen its trading on the platform by the end of March, after the $16 million hack that occurred in mid-January this year.

In January, Cryptopia suspended its services after detecting a major hack that apparently “resulted in significant losses.” The platform then informed the public that it was undergoing unscheduled maintenance and issued several updates before it disclosed the breach.

After the initial reports of the hack, more evidence surfaced showing that hackers were siphoning crypto out of the exchange as late as two weeks later. As previously reported, the co-founder of Cryptopia Rob (Hex) Dawson said that the company re-launched its website in read-only form on March 5th however the platform showed the balances as they were at January 14th which is the date of the hack.

To explain things, the exchange said that the website could be used to reset passwords and two-factor credentials right now – which is also important in terms of client support in this current stage.

Hex also said that the users who lost their crypto holdings would see a section that is named “Withdraws on your account for those coins,” further explaining that transaction IDs (TXIDs) for the withdraw orders won’t exist on the network but may include details on how the coin have been impacted during the event.

There are mixed feelings about this grand Cryptopia reopening on the market. While some are encouraging the exchange to get back in its full operations, others are accusing it of trading manipulation.

Cryptopia manipulate trading at some extent. they open trading with wallet offline and no announcement.@nzpolice

— men (@mendax20801467) March 19, 2019

what are you talking about? you took my BTC i saw withdraw history : INTERNAL WITHDRAW: on March 18 2019….. i want my BTC back!!!!!!!

— roy (@dilifatur) March 19, 2019

It is unclear how Cryptopia will these with these comments – but then again – we are ready to see how everything will play out.