Cryptopia, a cryptocurrency exchange in New Zealand, has actually stopped trading and also introduced that it is currently in liquidation.

In January, the exchange experienced a security breach in which numerous dollars were lost. Regardless of the loss, the management thought that it can lower costs and also return the business’ to profitability.

Before the news, the exchange was down for hours where the website posted a notice, “Don’t Panic! We are currently in maintenance. Thank you for your patience, and we apologize for the inconvenience.”

Liquidators, David Ruscoe, and Russell Moore from Grant Thornton New Zealand, are now in the process of securing the assets for stakeholders.

According to the press release, customers and suppliers would be contacted soon within the next couple of days. However, it might be a while up until there is much clearness.

“Given the complexities involved we expect the investigation to take months rather than weeks.”

bitcoin
Bitcoin (BTC) $ 10,686.00
ethereum
Ethereum (ETH) $ 198.15
ripple
XRP (XRP) $ 0.277725
bitcoin-cash
Bitcoin Cash (BCH) $ 320.72
litecoin
Litecoin (LTC) $ 76.30
binancecoin
Binance Coin (BNB) $ 28.46
eos
EOS (EOS) $ 3.67
tether
Tether (USDT) $ 1.00
bitcoin-cash-sv
Bitcoin SV (BSV) $ 143.97
cardano
Cardano (ADA) $ 0.049807
monero
Monero (XMR) $ 86.87
stellar
Stellar (XLM) $ 0.070522
leo-token
LEO Token (LEO) $ 1.31
huobi-token
Huobi Token (HT) $ 4.91
tron
TRON (TRX) $ 0.017764
tezos
Tezos (XTZ) $ 1.20
chainlink
ChainLink (LINK) $ 2.55
okb
OKB (OKB) $ 3.02
dash
Dash (DASH) $ 95.53
neo
NEO (NEO) $ 9.99
cosmos
Cosmos (ATOM) $ 2.88
iota
IOTA (MIOTA) $ 0.250677
ethereum-classic
Ethereum Classic (ETC) $ 5.49
ontology
Ontology (ONT) $ 0.799774
nem
NEM (XEM) $ 0.056215
usd-coin
USD Coin (USDC) $ 1.00
crypto-com-chain
Crypto.com Chain (CRO) $ 0.044663
zcash
Zcash (ZEC) $ 53.21
maker
Maker (MKR) $ 512.24
v-systems
V.SYSTEMS (VSYS) $ 0.197979
dogecoin
Dogecoin (DOGE) $ 0.002771
decred
Decred (DCR) $ 26.13
lambda
Lambda (LAMB) $ 0.187657
vechain
VeChain (VET) $ 0.004609
qtum
Qtum (QTUM) $ 2.58
bitcoin-gold
Bitcoin Gold (BTG) $ 13.94
basic-attention-token
Basic Attention Token (BAT) $ 0.184527
paxos-standard
Paxos Standard (PAX) $ 0.997009
true-usd
TrueUSD (TUSD) $ 0.997013
algorand
Algorand (ALGO) $ 0.660460
omisego
OmiseGO (OMG) $ 1.22
lisk
Lisk (LSK) $ 1.25
holotoken
Holo (HOT) $ 0.000837
kucoin-shares
KuCoin Shares (KCS) $ 1.66
bytom
Bytom (BTM) $ 0.094801
ravencoin
Ravencoin (RVN) $ 0.033417
bittorrent-2
BitTorrent (BTT) $ 0.000662
nano
Nano (NANO) $ 1.04
bitcoin-diamond
Bitcoin Diamond (BCD) $ 0.709864
energi
Energi (NRG) $ 6.65