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.
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