Hacked Exchange Cryptopia Discloses Estimate of Stolen Crypto

New Zealand-based cryptocurrency exchange Cryptopia has given an idea of the losses arising from a hack on its platform last month.

After being almost silent since the breach, the firm published a series of updates via Twitter on Wednesday.

It did not provide an idea of that amount in monetary terms.

Cryptopia went offline on Jan. 15 saying it had suffered a "Security breach which resulted in significant losses." The exchange did not provide any specific information at the time and has since said it cannot comment while an investigation by the New Zealand Police is underway.

Notably, hackers still had control over Cryptopia even after the police had been brought in and reportedly stole an additional 1,675 ether from 17,000 wallets - an amount worth about $181,000 at the time.

It is "Securing each wallet individually" to ensure it is "Fully secure" when resuming trading.

"As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses. We have more updates to come tomorrow, keep an eye on our page."

New Zealand Police said on Feb. 7 that it expected to complete the inspection of Cryptopia's premises by mid-month.

Cryptopia confirmed in a tweet on Feb. 14 that the police had given them access back to its building, while the investigation was continuing.

"The focus is on identifying those behind this offending and retrieving the stolen cryptocurrency. This investigation is expected to take a considerable amount of time to resolve due to the complexity of the cyber environment."