The crypto exchange based founded in New Zealand Cryptopia, has reported that a major hack has hit the exchange and has since suspended services after the hack caused ‘’significant losses’’ according to the crypto news coming from the exchange itself posting on Twitter.
In the tweet, the exchange says that the hack occurred on January 14th and rushed to inform the public that the platform is under unscheduled maintenance. They also provided the public with a series of updates before the official disclosure of the breach.
Cryptopia notified all of the government agencies including the New Zealand Police and High Tech Crimes Unit after which an investigation was opened treating it as a major crime.
The New Zealand exchange lists more than 800 digital assets but there is currently no information about the daily trade volumes. In another tweet by WhalePanda notes:
“Interesting that this happens in a bear season where small exchanges are struggling to make ends meet and are aggressively messaging anyone involved with crypto projects to get them to pay listing fees to get listed on their platforms.”
In his response, other commentators said that they have investigated the recent transactions of Cryptopia claiming that the exchange removed ethereum out of its wallet yesterday which was worth several million dollars.
However, others think that the hack attack could be an exit scam and probably pre-planned. Cryptopia raised concerns among other users last summer as well after it started a maintenance window extremely early and users even had problems withdrawing their funds until the maintenance was completed.
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