Cryptopia news stories

Cryptopia went from launch to managing funds for 1.4 million investors to a significant data breach and its inevitable death - all in just five years.

Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.

It seems that Christchurch-based cryptocurrency exchange Cryptopia has been unable to recover after malicious cyber attackers stole around $20 million worth of cryptocurrency.

New Zealand Police say they are making ‘good progress’ into the investigation of an alleged cryptocurrency theft from Christchurch-based crypto exchange Cryptopia.

Cryptopia has reportedly experienced a security breach that has taken the entire platform offline – and resulted in ‘significant losses’.

“As this technology becomes mainstream, businesses need to keep up with users’ demand for user-friendly products and platforms that cater to all levels of technical skill."

Tokens available are limited to $100,000 NZDT - not enough liquidity to allow widespread adoption, but Cryptopia hopes to get the ball rolling.