Cryptopia Expected To Recommence Trading And Full Operations By March 31, 2019

Cryptopia Expected To Recommence Trading And Full Operations By 31st March 2019

Cryptopia, one of the recently hacked cryptos and digital money exchanges in New Zealand, has just confirmed that they are going to resume trading by the of this month. In the update which was posted on March 17, Rob (Hex) Dawson – the cofounder – reassured all customers and shareholders that the firm was fully committed to reviving operations on the exchange. To stress further on this, Hex made available an avalanche of data revolving around the rebate process including the newly recommended modus operandi as far as customers interacting with their account goes.

After the hacking two months ago, Cryptopia re-activate its official website albeit in read-only form sometime around 5th March 2019. At the time, the platform was showing the balances as they read at 14th January, the date of the infamous $16 million hack. The exchange, at the moment, made it clear that its official website could be used to re-configure two-factor authentication login credentials and access passwords. This is, of course, some form of priority issue especially considering the level of client support that is presently needed.

In the last update, however, the management of Cryptopia also give clear details revolving around the present rebate process for those customers who had lost their funds in the wake of the hack. Hex wrote that the exchange had no qualms whatsoever to make sure that the entire process is compliant the nature of local laws. Additionally, he explained how users who had lost their funds and digital tokens will begin seeing a dedicated section labeled, “Withdrawals made on your account” and giving them an even more accurate picture of the kind of impact that their coin had borne. Nonetheless, the TXIDs (transaction IDs) for these illegally withdrawn funds will not necessarily exist of the exchange's network.

In the latest announcement, it is worth noting that Cryptopia‘s founder assured users that they will be now in a position to cancel each of their standing orders directly via the website as long as the API is disabled. At the same time, the exchange issued a strong warning against the depositing of funds or transfer of tokens in any of the previous Cryptopia address. The resumption of full-scale trading, as the management of the exchange noted, would not occur until all user balances were guaranteed as secure.

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