Cryptopia Could Resume Its Operations, According to New Zealand Police


New Zealand-based cryptocurrency exchange Cryptoia has finally been giving access to its building, after having previously come under a hack attack, with New Zealand police saying that the exchange can continue its operations. Although the exchange’s founders are currently remaining silent on these matters.

As of Wednesday, the New Zealand police were investigating the hack said that their investigation no longer prevents the cryptocurrency exchange Cryptopia from resuming their business again, as it was closed down during January following the hack which leads to the loss of an estimated $23 million. Although, the exchange is currently being silent on these matters, only releasing a tweet during Thursday.

Detective Inspector Greg Murton spoke to a local news outlet stating that,

“Cryptopia management have full access to their facility and business premises and the police investigation is not preventing their business from getting up and running again. However only Cryptopia management can speak to when it may be open again.”

Furthermore, Murtan further commented that the police investigation was continuing, both New Zealand and in the United States, in collaboration with the FBI and other international experts.

 “No timeframes as to a conclusion to the investigation can be provided at this time,” Murton said.

During February 7th, the police stated that “excellent progress is being made in the investigation.”

Kelvin Chandran, CEO for a blockchain-based identity and risk scoring platform, SingleSource had spoken to a new outlet stating that the main challenge for these criminals is to be capable of liquidating the cryptocurrencies without being found out.

“We track the funds because we want to make our clients aware of which wallets are tainted, to comply with anti-money laundering regulations.”

After only two weeks after their first infamous hack, Cryptopia lost another 17,000 Cryptopia wallets and lost over 1,675 ETH worth, according to information provided by the blockchain analysis protocol and platform Elementus. It was concluded that “Consistent with our earlier hypothesis, Cryptopia no longer has the private keys to their Ethereum wallets and the hacker does.”

Even so, plenty of Twitter users remain skeptical about this recent announcement and plenty of its users are still clambering about getting their lost cryptocurrency back.


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Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news. You can contact Keith at keith@cryptomenow.com

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