Crypto Exchange Cryptopia Appoints Liquidators Months After Being Hacked

New Zealand-based cryptocurrency exchange Cryptopia, which was hacked in January of this year for an estimated $23 million worth of cryptos, has recently appointed David Ruscoe and Russell Moore as liquidators, and halted trading on its platform.

According to local news outlet Stuff, Ruscoe noted the liquidator, professional services firm Grant Thornton New Zealand, realizes Cryptopia’s customers want to see the issue resolved as soon as possible. He added:

We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of customers and stakeholders.

The cryptocurrency exchange has suspended trading on its platform while the investigation is ongoing. It’s expected to take months over the “complexities involved.” Grant Thornton noted Cryptopia’s management tried to cut costs after being hacked in January to become profitable again, but decided appointing liquidators was in the best interest of its staff, customers, and stakeholders.

The company’s premises in Christchurch have been locked down, and the company has since posted a notice on its website and on social media informing users of what’s going on.

As covered, Cryptopia’s hack was seen as an unusual one, as instead of being able to drain one cryptocurrency wallet right after gaining access, hackers seemingly managed to withdraw funds from various wallets over an extended period of time, suggesting staff wasn’t able to stop them.

Experts believe the exchange’s hackers managed take as much as $23 million worth of ether and ERC-20 tokens, and had reportedly cashed out as much as $3.2 million by February, $2 million of which through a decentralized exchange.

Cryptopia itself was allowed to reopen in February, and according to Stuff people close to the company revealed it had been cutting costs as much as possible, “leaving a skeleton crew,” to try and stay afloat.

Commenting on Cryptopia’s announcement, various customers expressed frustration over not being able to withdraw their funds after the security breach. Some called for creditors to take legal action against the trading platform.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.