Amid Police Investigation, Cryptopia Reportedly Discontinues Trading

Source: Poddtoppen

There has been a lot of conversation surrounding the cryptocurrency exchange, Cryptopia. As previously reported, the New Zealand police were investigating the case, which had taken the community by storm.

At the time (which was mid January 2019), the exchange had put out an official statement saying, “Police continue to investigate the unauthorised transfer of crypto-currency worth a significant sum from Christchurch-based crypto-currency trading company Cryptopia on 13-14 January 2019. Good progress is being made and positive lines of enquiry are being developed to identify the source of the transfer, and to identify where the crypto-currencies have been sent. The assistance of the crypto currency community is being sought as the investigation progresses. Members of the investigation team met with Cryptopia management and staff yesterday and today and outlined progress in the investigation.”

Apart from that, it was also reported by Crypto-News India, that almost 1,675 ETH(worth about $180k at today’s market rates) from another 17k Cryptopia wallets had been siphoned off by the hacker.

Now, a new update by the exchange purportedly states that it may be awhile before new users can access their funds on the exchange.Source: Reddit

A separate post put out by ‘Digger’ on Discord said, “For those who are querying the NZ Police e-mails referred to, they are legitimate and are copied to me by NZ Police. We will respond when we have substantive facts to report when the investigators give us approval. Until then we are tied as the authorities do not want us to make any statements that might by accident exacerbate the situation and cause more damage.” The Reddit post added that Digger was the Managing Director at Cryptopia according to “Ben” (Cryptopia Discord Moderator).

While, the news shines in the mystery surrounding the exchange, the authenticity of the post leaves a lot to be desired.

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