Share this article

New Zealand Crypto Exchange Cryptopia Goes Offline Citing Hack

New Zealand-based cryptocurrency exchange Cryptopia has gone offline claiming "significant" losses arising from a hack.

Updated Sep 13, 2021, 8:48 a.m. Published Jan 15, 2019, 9:45 a.m.
Hacker

New Zealand-based cryptocurrency exchange Cryptopia has gone offline citing a major hack.

The exchange announced the news on Twitter this morning, stating that it “suffered a security breach which resulted in significant losses.”

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

No information has yet been provided on the value of the losses, the tokens and currencies affected or any measures to refund users.

The exchange's website, including support and blog pages, is currently completely offline, with a notice stating: "Cryptopia is currently in unscheduled maintenance mode. We will be back soon."

Meanwhile, tweets from Whale Alert on Saturday indicated that 19,391 ether tokens worth nearly $2.44 million and around 48 million centrality (CENNZ) tokens worth about $1.18 million were transferred from Cryptopia to unknown wallets on Jan. 13. It is not currently clear if those funds were moved by the hacker or by the exchange.

Cryptopia further mentioned in its tweet that it has notified and involved relevant government agencies, including the New Zealand police and the High-Tech Crimes Unit, who are “jointly and actively investigating the matter as a major crime and they are assisting us with advice.”

The announcement further reads:

“Until this has been carried out, The Cryptopia Exchange will remain in maintenance mode, with trading suspended. We are committed to getting this resolved as quickly as possible and will keep you all updated every step of the way.”

Hacker image via Shutterstock

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Tesla made no changes to bitcoin holdings in Q4 as it booked $239 million digital asset loss

Elon Musk (jurvetson /CC BY 2.0./Modified by CoinDesk)

The company's bitcoin stack remained at 11,509 coins, worth about $1 billion at BTC's current price near $89,000.

What to know:

  • Tesla made no changes in its bitcoin holdings during the fourth quarter, continuing to hold 11,509 coins.
  • The company recorded a $239 million after-tax mark-to-market loss on its digital assets due to bitcoin's decline from about $114,000 to $88,000 during the year's final three months.