New Zealand-based cryptocurrency exchange, Cryptopia that was recently hacked on January 14th has now finally opened the deposits and withdrawals on some of the major digital assets following the months of frozen funds and not allowing the deposits or withdrawals from the exchange.

In the latest move to salvage its reputation and keep things on track, Cryptopia today announced that it has opened the deposits and withdrawal for Bitcoin (BTC), Litecoin (LTC), and Dogecoin (DOGE) after months of frozen funds on the exchange due to the hack.

Ethereum and ERC20 tokens that were most affected by the hack, accounting to a roughly $20 million worth has not been opened for deposits and withdrawals yet. Additionally, most of the ERC20 tokens also remain inactive on the exchange.

Moreover, deposits need to be made only to newly generated deposit addresses as old Cryptopia addresses won’t be covered.

Cryptopia Making Process

Just last month, Cryptopia has opened trading with pairs being added weekly as the exchange continues to secure new wallets. On March 18, they resumed trading on 40 trade pairs that have been quantified as secure.

Since first opening the trading, the exchange has been seeing a gradual increase in its daily volume that currently reached almost $200,000. The daily volume has surged 10 times since resuming the trading after the hack. And now by allowing the withdrawal of funds in BTC, LTC, adn DOGE, it has bring in more customers that are undeterred from trading on a hacked cryptocurrency exchange.

Currently, Electroneum (ETN) is the top traded coin on the exchange that was also the top traded one during the bull run of 2017. ETN that during the bull run saw a volume of as high as 1000 BTC on some days, at the time of writing has been registering 7.5 BTC.

Source: Cryptopia

Cryptopia users are certainly happy and positive about its progress as one such user commented,

“Thank you for your commitment and professionalism. I still believe in Cryptopia as a benchmark in exchange for low Mcap cryptos. I am waiting to enable the withdrawal and deposits of other cryptos. Good job!”

With the way the exchange has been slowly coming online and expanding its trading, it could be expected that the exchange will return to its pre-hack status.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $156.31B $8,800.8766 4.74% $5.84B
ETH $28.72B $269.6526 5.26% $1.92B
XRP $17.48B $0.4112 4.14% $439.91M
LTC $8.57B $137.6994 7.95% $1.03B
BCH $7.51B $421.2025 3.78% $273.45M
EOS $6.29B $6.8392 6.87% $740.81M
BNB $4.66B $33.0101 2.79% $257.3M
BSV $3.75B $210.0749 0.82% $158.62M
USDT $3.45B $1.0044 0.04% $5.31B
XLM $2.45B $0.1262 3.63% $79.52M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.