Following Recent Cryptopia Exchange Hacking Scandal, Mandala Offers Recovery Assistance


In the wake of Cryptopia’s recent hacking scandal, many altcoin enthusiasts were taken aback as rumors immediately started to circulate (on the internet) that the folks over at the exchange had “pulled off an exit scam”.

Mandala To The Rescue

As many of our readers may already know, anytime a crypto trading platform falls victim to a hacking scam, it is usually quite difficult for the firm to remain operational for a long time (following the incident). Not only that, such financial losses are difficult to recover from — especially for smaller exchanges such as Cryptopia— since there are many peripheral costs associated with such activities.

However, in the midst of all this economic uncertainty, it now appears as though the Mandala exchange team is looking to help out Cryptopia by collaborating with them and assisting the core dev team in whatever way possible.

In this regard, Mandala CEO Nate Flanders was recently quoted as saying:

What this “help” really entails remains to be seen, but the fact that a big name player such as Mandala is helping out a smaller exchange (to become operational once again) only goes to show that the cryptocurrency industry is not just about competition.

Final Take

Looking at some of the particulars related to the aforementioned case, it is quite clear that Cryptopia still has a lot of work ahead of it. This is because recovering from such a massive security breach is never easy (especially when customer funds are at stake). It now remains to be seen what course of action the firm resorts to from here on out.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide