Monday 27 May 2019

Cryptopia needs $2M to keep a database alive – or users might never recover their tokens




Defunct cryptocurrency exchange Cryptopia warned it will take “some months at least” to figure out how to return tokens owed to its users. Cryptopia administrators have also requested “urgent interim relief,” which they say is critical to maintain a single SQL database that stores all of its users’ individual account holdings and contact details. “Without this information, reconciling individual holdings with the currencies held by Cryptopia will be impossible,” reads a statement posted early Monday. Hackers forced Cryptopia offline in January after they drained $16 million in digital assets from its operational wallets. Following a failed relaunch, the exchange finally commenced the liquidation…

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