Cryptopia has resumed trading for 40 pairs following a cybersecurity breach on January 14th that caused the New Zealand-based crypto trading platform to suspend activities and go offline for “unscheduled maintenance.”
The exchange has identified the crypto-to-crypto trading pairs as secure, which include Ethereum (ETH), Monero (XMR) and Bitcoin (BTC).
“We were given access back to our site on the 14th of February 2019. This was the first time since the event that we could begin to assess the impact. We have a comprehensive plan in place to get our exchange back trading. This however is quite labour and time heavy as we are effectively rebuilding our service from the ground up again. Since having access returned we have made significant steps to resuming service.”
Prior to regaining access to the site, investigators in Christchurch issued a public statement about the complexity of tracking down stolen cryptocurrencies.
“This is a complex investigation involving the theft of cryptocurrency in an unregulated environment. The stolen cryptocurrency is being actively tracked by Police and specialists worldwide due to the nature of the cryptocurrency blockchains being publicly available. Excellent progress is being made in the investigation and we are working with Cryptopia management plus current and former employees who have been providing valuable assistance.
We are working closely with our international partners and cybercrime experts to continue the investigation.”
Although Cryptopia has not disclosed the amount that was stolen, initial reports estimate $3 to $13 million in losses with subsequent reports suggesting another $181,000 had vanished.