Cryptopia; $18 million A hack that costs them dearly

By Gamma | Gamma | 21 Sep 2020


A refund by the end of 2020?

Cryptopia's trading platform has never really recovered from its large-scale hacking attacks. Although the crypto-money exchange attempted to reopen in March 2019, it was definitively liquidated after only two months.

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After the loan that was fatal to him for the exchange will have difficulty to assume these responsibilities and promises to his customers a quick refund of their funds, but this seems complicated for the exchange which has no doubt about the difficulty to get up from the hacking, because after an audit of their accounts the company seems to be at a cost of liquidity.

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KYC mandatory after platform priming in 2019, but will not return...

Cryptopia requires their users to do KYC to retrieve your funds, this is clearly an abuse of their power to do so...

One might wonder if Cryptopia would not have used or created this hack to impose the KYC on its clients to make it easier for them to regulate this kind of hacking.

In 2020 the platform and still in receivership which is bad for users who had funds on the platform.

 

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