[Exchange Hacked] - Cryptopia (New Zealand based).

[cestmoi]

New police statement :

Thursday, 7 February 2019 - 3:22pm
Canterbury
Please attribute to Detective Inspector Greg Murton:

The Police investigation into the Cryptopia hack and theft of cryptocurrency is progressing well and advancing on several fronts.

The focus is on identifying those behind this offending and retrieving the stolen cryptocurrency.

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.

Cryptopia’s managers are on site at their Christchurch address and Police are expected to finish at the premises by the end of next week (Friday 15 February).

This investigation is expected to take a considerable amount of time to resolve due to the complexity of the cyber environment.

ENDS

Issued by Police Media Centre

source : http://www.police.govt.nz/news/release/police-continue-make-progress-cryptocurrency-investigation?fbclid=IwAR05yUDQeqm33D-3XnosO2i9C-0niy0JbF76QOMvfUrjkzvlW4kS8nseFz4

[cestmoi]

Also, I stopped by their place to check it out.

I stopped by today just after 6pm  to ask where my coins are


Offices looked empty


no one on the car park




There is light in some of the offices :


I saw a guy inside not far from the front door, the door was obviously closed.

From the outside nothing says that it is Cryptopia, but it is definitely the right location.

[encycrypto]

New police statement :

The focus is on identifying those behind this offending and retrieving the stolen cryptocurrency.

So... Did they take a U-turn on their focus? First, they said the focus is to return the unhacked coins. 

[Vikhy]

Cryptopia update
As of this morning, the hackers have liquidated $3.2m in tokens, with the bulk of that going to Etherdelta
Source: https://twitter.com/elementus_io/status/1092499513107980288

[UserU]

Cryptopia update
As of this morning, the hackers have liquidated $3.2m in tokens, with the bulk of that going to Etherdelta
Source: https://twitter.com/elementus_io/status/1092499513107980288

Looks like another one is gonna bite the dust. I wonder if Cryptopia's able to compensate such amount.

[encycrypto]

LOL

Police give Cryptopia green light to re-open; it doesn't

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12203358

[cestmoi]

There is also this article from Stuff :

https://www.stuff.co.nz/technology/110440396/cryptopia-breach-highlights-gaps-in-cybersecurity-and-cryptocurrency-regulation-experts-say

[enawati]

Since yesterday they been active to get update in their twitter, i think all user of this exchange been worry because they so long offline. They should be back to online soon so they not loss trust of their user.

[fara_buduk]

Since yesterday they been active to get update in their twitter, i think all user of this exchange been worry because they so long offline. They should be back to online soon so they not loss trust of their user.

Until now they still haven't opened their exchanges, either until now because we know to reopen the exchange of cryptopia, they have to replace the funds of their members whose numbers are not small and secondly they have to make better security because of this the same time they are hacked
and including me is a member who hopes that Cryptopia will come back to life and replace assets in it and we will always see its development on Twitter

[linenoise]

It's a shame that Cryptopia has brought in  liquidators. They were more than a simple exchange with their boards and marketplace and one of my most commonly used exchanges. I do wish more exchanges and crypto companies as a whole gave postmortems of how a hack was successful. While perhaps embarrassing it could help the crypto community as a whole to know what took some site down and potential pitfalls others should avoid.

 

[Freny250]

Cryptopia is one of ny best exchange back then when i started trading newly because of the fact that you can withdraw funds from there without kyc. Its a pity they have to face these challenges.  They should have put more priorities on security of their platform.  I hope other exchange will learn from this incident

[encycrypto]

It's a shame that Cryptopia has brought in  liquidators. They were more than a simple exchange with their boards and marketplace and one of my most commonly used exchanges. I do wish more exchanges and crypto companies as a whole gave postmortems of how a hack was successful. While perhaps embarrassing it could help the crypto community as a whole to know what took some site down and potential pitfalls others should avoid.

I don't think that there's going to be any change in attitude of traders. They'll keep putting their coins in exchanges. This is still a total jungle and the way the founder of Cryptopia is coming back with a new exchange is a proof of it.

[smyslov]

Cryptopia is now a thing of the past, any attempt for them to come back will not get support from investors and traders, I'm pretty sure they will create a new exchange, so we have to be very watchful for the new exchange, it's possible that they are being run by the Cryptopia team, they know how profitable running an exchange, and they will not just surrender like that.