💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Hacked Cryptopia Exchange Appoints Liquidator; Resolution Could Take Months

Published 05/15/2019, 05:36 AM
Updated 05/15/2019, 06:41 AM
 Hacked Cryptopia Exchange Appoints Liquidator; Resolution Could Take Months
ETH/USD
-

The Cryptopia exchange has appointed a liquidator to go through its asset after the January hack. The market, which reopened with limited trading pairs, angered traders for blocking access to wallets that were not affected by the hack. The liquidators appointed, David Ruscoe and Russell Moore from Grant Thornton New Zealand, will have special oversight and investigation functions.

https://twitter.com/Cryptopia_NZ/status/1128491715608727553

Users were immediately skeptical of the move, seeing it as a way to transfer the losses to other asset holders. Cryptopia lost access to its Ethereum wallets, as well as thousands of token wallets, with the hacker stealing the only copies of the private keys available.

The appointment of...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.