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Cryptopia to Reopen in "Read-only" Mode by Monday

By Linas Kmieliauskas
Cryptopia to Reopen in "Read-only" Mode by Monday 101
Source: iStock/Peopleimages

Cryptopia, a New Zealand-based crypto exchange that was hacked in January, aims to reopen their site "as read-only" by Monday, the company announced.

Additionally, they said that both founders Adam Clark and Rob Dawson have returned to Cryptopia and "their focus will be to set a clear strategic direction moving forwards." However, the exchange did not elaborate on the return of the founders any further.

As reported, after almost two weeks of silence, the company announced on Wednesday that "worst case 9.4% of our total holdings was stolen" and they are "securing each wallet individually to ensure the exchange is fully secure when we resume trading."

However, the company does not comment when it may resume trading.

After the update today, some of Cryptopia's clients are grateful for the news:

While others are more straightforward:

Meanwhile, a third wave of crypto wallets tied to cryptocurrency exchange Cryptopia were emptied to the tune of around USD 30,000 - USD 40,000 worth of ether, co-founder and CEO of blockchain analysis protocol and platform Elementus, Max Galka, told Cryptonews.com.

Dawson and Clark founded Cryptopia three years ago. According to Stuff, a local news outlet, the exchange has more than 1.4 million users. Dawson's father, Pete Dawson, is now the sole director and a 5% shareholder of the company, the report said, adding that Cryptopia has 90 shareholders in total, while Clark, Rob Dawson and Intranel Consulting own 30%, 27% and 26% stakes respectively.

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