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Cryptopia website down for around 8 hours; Users panic as speculations of another hack rise

Priya

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Cryptopia website down for around 8 hours: causes panic among users as speculation of another hack rises
Source: Unsplash

Cryptopia, the New Zealand-based exchange that made headlines earlier this year due to a security breach, is back in the limelight. According to a Redditor, Fallenkeith2018, the exchange’s website has reportedly been down for around eight hours now, with the platform citing maintenance as a reason.

The Redditor stated,

“Cryptopia has been down for 8 hours, did it get hacked again? I woke up this morning to check Cryptopia to see if there was any updates on the website about new trading pairs. When I went to Cryptopia mainsite, it says: Don’t Panic! We are currently in maintenance. Thank you for your patience and we apologise for the inconvenience.”

Additionally, a Twitter user, @IsatuSaristaa, has alleged that the website has been down for around 48 hours now. Notably, the concern arises from the lack of notification provided by the platform’s social media channels, Twitter and Discord.

Source: Cryptopia

Source: Cryptopia

The last update provided by the exchange on its Twitter handle dates back to 26 April 2019, when the platform notified its users of maintenance for a 1-hour period.

Source: Twitter

Source: Twitter

This has led to some people speculating that either the exchange has been hacked again, or the team is bailing-out on its customers due to its previous hack.

@XiuanL, a Twitter user commented,

“I think they bailed! – no communication – no updates on exchange Unprofessional team and behavior. If they will come back (I really doubt) I’ll put the coins I still have access too on a much more #safu place! They wont see me again!”

@MiroVanDyro, another Twitter user, said,



“I sold all my tpay coins against btc and withdraw my btc from shittopia before they run away…..”

@Davis_AlexD tweeted,

@Cryptopia_NZ ummm how come you guys didn’t announce this maintenance or allow us to view our accounts, did you guys get hacked again? Please work on your transparency”

AMBCrypto has reached out to the team, seeking a reason for the unscheduled maintenance.





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Bitcoin

Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly

Akash Anand

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Bitcoin [BTC]: 'Don't buy BTC at the top, buy it right now', says CNBC's Brian Kellyq
Source: Pixabay

Bitcoin’s [BTC] rapid movement on the cryptocurrency charts revitalized an industry which was touted to be dead and buried in early 2019. The events over the past few weeks have not only increased the value of Bitcoin, but have also assisted in raising the collective market cap and the prices of other cryptocurrencies.

Giving more insight into this market movement was CNBC’s Brian Kelly, who touched upon the price fluctuations, as well as where the world’s largest cryptocurrency can go from here. The Bitcoin baller claimed that the 100 percent bounce back from Bitcoin’s lows was a great incentive for new investors. It also provided a reprieve for existing players in the market. Kelly claimed,

“Investors are wondering what the next market driver could be and in my opinion there are a couple of things. First of all we are starting to see the institutional players get into the field, evidenced by the entry of Fidelity and other such companies. Even the retail perspective is huge, with TD Ameritrade investing in Eris X with sources claiming that the organization will open BTC trade for customers in the  next three to six months.”

Kelly also spoke about how the market was entering a phase of a supply cut, where the supply of Bitcoin gets cut in the overall spectrum of the market. According to him, there is generally a price rally a year into the rise and a year out of it, and the combination of the supply cut and the rise in demand will be beneficial to Bitcoin’s price.



The CNBC official was also careful to inform holders and investors that while the price is holding at this point, people need to be careful since the market might be in the mood for a reversal. He warned,

“Do not buy it at the top but rather buy it now.”

At the time of writing, Bitcoin was trading at $7943.23, with a total market cap of $140.712 billion. The 24-hour market volume was holding at $24.816 billion and the BTC market was moving up by 0.45%.





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