- Cryptopia users can now log in to cancel their open orders before the full re-launch
- Cryptopia heist could be an inside job
- More secure systems needed for cryptocurrency exchange platforms
It is possible to cancel all orders through the open trades section in their system. Crypto community seems to think that this is an exit scam, but the impressive transparency communication and accountability from the platform’s management are hard to dismiss.
Geting ready for relaunch
There are two different ways to cancel your order on cryptopia. After cancelling the orders, your coins will be returned to your balance and thus will be available for use. You can click the X at the side of each order open in the market or open the orders page and cancel all open orders in the exchange platform. The support team is available to help users who may experience difficulty cancelling their open orders.
Most cryptopia users have wished for a long time that the management team should make it possible for them to cancel all orders so that they can have back their full balances. However, Cryptopia clients see this mode of communication (tweeting) from its representative as sketchy and would prefer getting updates through their front page. All in all, everyone’s biggest concern is when the platform will be able to resume and be fully operational.
The Cryptopia Heist
The Cryptopia hack started with a peculiar message stating that the users would not be able to transfer their digital tokens. Police and the high tech crimes unit are leading the investigation. The platform was closed and has remained closed since then.
The value of the tokens stolen from cryptopia is still not clear, but through blockchain technology, the records can be easily obtained. The movement of the tokens can be tracked, but the identity of the people moving them is unknown. Speculations in the crypto community suggest that the heist was an inside job because there was an increased token trade in the days leading to the heist.
Dapp users were warned against buying coins that were sold at a low price after the heist so that they don’t get their wallets blacklisted after the heist tokens are tracked back to them. With digital tokens, they can be easily transferred and traded for other currencies in a matter of seconds.
This latest development from the Cryptopia team reveal their accountability on the matter and also show that they are handling the situation the best way they can; they have readily cooperated with the authority, they have also established a way for its users to cancel open orders before the full re-launch to avoid loses.