Cryptopia Exchange Prepares to Re-Launch its Platform Allowing Users to “Cancel Orders”

Cryptopia, the exchange that was hacked at the beginning of the year, is now getting prepared to re-launch its trading platform. On March 10, Cryptopia announced that users will now be able to cancel their standing orders. The information was released by the platform on Twitter.

Cryptopia Gets Prepared To Relaunch Its Trading Services

Cryptopia exchange is getting prepared to relaunch its exchange after a massive hack that affected the crypto exchange platform located in New Zealand.

As we work towards full re-launch of the platform, we have now enabled the ability for users to cancel their standing orders. The API is still disabled, so you will need to cancel through the website.

— Cryptopia Exchange (@Cryptopia_NZ) March 11, 2019

Users that want to cancel their orders in just one go, they can do it from the account page under the Open Trades section. The link to do so is this one.

There were several users that informed that they were able to cancel their orders with all their funds being safe. Furthermore, comments on Twitter show that the community is very happy regarding the way in which Cryptopia exchange handled the whole situation during the last few months.

The amount of transparency and communication by your team is thoroughly impressive 🙌🙌.

Most thought it was an exit scam and you've manage to surprise us all.

We will be here trading on Cryptopia 2.0.

— Crypto King (@JBTheCryptoKing) March 11, 2019

The exchange announced the reopening of the website in a read-only form and explained to users that the pre-hack holding balance would be used as a baseline for calculating rebates moving ahead. Moreover, users had to reset their passwords and 2FA credentials.

By canceling orders, is very important for users because is a prerequisite for the change to avoid the sale of any cryptocurrency below its current price.

According to users of the exchange, the transparency shown by the platform is something very important for the cryptocurrency market.

There have been several attacks to crypto-related platforms, including exchanges. The main reason behind these attacks is related to the fact that platforms tend to have bugs and failures in their security systems that allow attackers to have access to large sums of funds.

In general, when crypto exchanges experience these kinds of attacks, they tend to have weak communication with the community affected by the hack. This time seems to be different. Nonetheless, it will be important to see which security measures the exchange took for this situation not to happen again in the future.

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