Update – Cryptopia is Back With User Balances SAFU

New Zealand based cryptocurrency exchange, Cryptopia which was hacked on January 14, revealed in a March 5 announcement that they are back in business while user balances are still the same way as it was before the hack.

For the time being though, the website remains in a read-only mode meaning that users cannot issue any command by clicking the links on it. Also, affected users will get rebates for their long-held funds soon.

Meanwhile, as a way to beef up security, Cryptopia users were urged to reset their passwords and two-factor authentication features while waiting for the exchange to reopen trading in the coming days.

Coinfomania earlier reported Cryptopia’s plans to resume operations last week after the exchange announced that it lost roughly 9.4% of its crypto holdings to the hack in January. The exchange said it was working to secure user wallets individually before its reopening.

Cryptopia is In For Long

Unlike some cryptocurrency exchanges who have failed to bounce back from a hacking incident, Cryptopia has shown some resilience by getting back to business in roughly less than two months.

Despite rumors suggesting the exchange lost at least $16 million to the hackers, the team has chosen to place user interests ahead of any potential gains it could make by staying offline for a longer time.

Their example is truly one to copy and gladdens the crypto community who are also hoping for a positive result in the case of defunct Canadian exchange QuadrigaCX.

Never miss out on our daily crypto news, stories, tips, and price analysis.  Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter