Cryptopia announced on May 15 that it had gone into liquidation, confirming the news on Twitter and its website.
In January, Cryptopia went offline for a few days due to a security breach that resulted in as much as $16 million worth of digital tokens being stolen. The exchange resumed trading in March; however, March; however, it still had banking issues, according to the report.
The security incident was said to have had a “severe” impact on the company’s trade. While management tried to reduce costs and retain profitability, Cryptopia ultimately decided that liquidation was the best plan, Coindesk reports.
More articles on health IT:
Oregon State Hospital alerts patients of phishing attack
Memorial Hermann employee ‘improperly’ used patients’ credit card info
Viewpoint: Tech companies, hospitals making ‘fortune’ from incompatible systems
