Cryptopia are 50% through securing all coins; withdrawals still disabled

04 Apr, 2019 | Updated: 04 Apr, 2019
by Will Heasman
Cryptopia are 50% through securing all coins; withdrawals still disabled

The long process of securing all 457 coins on the Cryptopia exchange, has finally reached its halfway point, with the firm announcing that they’re 50% of the way through the process of listing all coins to new private keys; but users are growing impatient, especially with the lack of a withdraw function…  

Cryptopia has been (slowly) picking up the pieces from the notorious hack back in January, which left the exchange $16 million short on user funds. The exchange started rehabilitating in February, painstakingly securing each coin to a new wallet.

Today the exchange announced the official hallway point:

The exchange has tried to be as transparent as possible, relaying every major milestone along the way, enabling their API and opening trading for over 40 trade pairs.

However, for some, this isn’t quick enough, and users fear that the halfway point marks less progress and more pain.

Most users were less concerned about trading functionally and more preoccupied with the lack of withdrawal which won't be available until new hot wallets are ready...

With the markets recent rally its understandable that users are becoming impatient, wanting an opportunity to secure their own funds. However, it seems as if the wait might continue for some time ...   

Read more: The Cryptopia Hack Timeline: as it happenedCryptopia opens for business briefly, issues update on hacked funds

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