Cryptopia Exchange Set To Reopen Tuesday March 5 After Slight Launch Delay

 

 

 

 

 

Recently hacked cryptocurrency exchange Cryptopia has cited a slight delay to its plans to reopen its trading platform Monday, and has set a new launch target for Tuesday March 5.

The New Zealand exchange has said that the initial launch will be read-only with live-trading features presumed to return soon afterwards. The company said it has been busy transitioning all user wallets to new secure servers.

Cryptopia didn’t divulge the monetary value of assets stolen from the exchange since the Jan. 14 hack, though the company did estimate the worst case to be 9.4% of total user deposits.

In view of reopening, Cryptopia’s two co-founders Adam Clark and Rob Dawson returned to the company at the end of February to help “set a clear strategic direction moving forwards”.

 

Author: Timothy Goggin

Timothy Goggin is an economic analyst with an interest in the application of moral philosophy and decentralized systems. He studied economics at the Business School at Victoria University of Wellington, New Zealand. His area of research is the consequential and moral dimensions of implementing digital currencies and the resulting synergies for consumers in the trading environment.

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