Cryptopia finally reopens in 'read only' mode showing balances pre-hack

05 Mar, 2019
Cryptopia finally reopens in 'read only' mode showing balances pre-hack

New Zealand cryptocurrency exchange is finally back up and running! Well not really, however it is open for users to login, that's about it. 

Cryptopia has announced that is has finally reopened the exchange. However users will not be able to trade or do anything, other than see their balances on the exchange. Users currently cannot, trade, deposit, or withdraw funds.

If you thought maybe you could login and check how much of your portfolio was affected by hack, you can't do that either as the exchange has loaded balances as of 14 January 2019.

Essentially Cryptopia have loaded everyones balances back to before the hack.

 Read more: The Cryptopia Hack Timeline: as it happened

Earlier today, Cryptopia announced that users can login and change their passwords and reset 2FA credentials. Cryptopia also announced it is finalising a rebate process for affected users.

Cryptopia also announced that the loading of pre-hack balances will be used "as a baseline for calculating rebates moving forward"

It appears Cryptopia will be looking at offering users who lost funds some sort of rebate process to return funds or credit them in some way.

Last week the exchange admitted that over 9% of its funds had been stolen during the hack which saw the exchange shut down for nearly two months.

The soft launch of the exchange is a step in the right direction, and many users will be thrilled that steps have been taking to investigate and reopen the exchange in such a timely manner.

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