New Zealand based crypto exchange, Cryptopia, was hacked on January 14th.
In a statement released on Twitter, Cryptopia said the exchange “suffered a security breach which resulted in significant losses.”
The platform is currently in “maintenance mode” while the team assesses the full scope of the damages. Although no official figures have been released, Larry Cemark, analyst at The Block, suggests as much as $3.5 million worth of ethereum and CENNZ tokens were stolen.
New Zealand police and the High Tech Crimes Unit are currently investigating the breach.
The news comes after $1 billion in cryptocurrency was stolen in 2018. The full Cryptopia statement is below.
Cryptopia Exchange Hack Statement