Update for Users of the Hacked Exchange, Cryptopia
By Lorenzo - 2019-10-26
The latest report also states that the firm is not investigating the root cause of the hack but rather how to recover all the hacked assets. The process is split into three main phases, securing assets and company data, which Granth Thorton claims to have completed, wallet environment and customer reconciliation, also completed and identifying users and repatriation of returns which according to the firm is still in early stages as a number of legal matters will need to be resolved first. The report also states that everyone will need to undergo a KYC process and cannot be avoided.As a centralised exchange, customers' trades would occur in the exchange's internal ledger without confirmation on the blockchain.
Anyone who did not complete KYC while the exchange was open will also be given the opportunity to confirm their identity.