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Cryptopia Not Ready to Resume Trading Activity

Anca Florentis by Anca Florentis
February 25, 2019
in News
Cryptopia Police Investigation Not preventing the Exchange from Running Again 696x449 1

New Zealand authorities have given the crypto exchange Cryptopia permission to resume its trading after a recent hack. But the exchange is not yet ready to resume its activity, according to a statement made on the official Discord channel on February 24th by a Cryptopia staff member.

The exchange lost over $16.1 million in a recent hack, and New Zealand police along with international law enforcement have been working together to apprehend the hackers.

The hack initially occurred on Jan. 15 and carried on for two weeks, with tens of thousands of Ethereum (ETH) wallets from the exchange being depleted of funds.

Detective Inspector Greg Murton of the High Tech Crime Group, stated that the police allowed the exchange to restart its trading:

“We have finished the main part of the work required by the High Tech Crime Group [HTCG] at Cryptopia’s business premises, although HTCG staff remain there finishing up aspects of their work. Cryptopia management have full access to their facilities and business premises and the Police investigation is not preventing their business from getting up and running again.”

From the message posted on the Cryptopia Discord channel by an admin, it is revealed that while the local authorities have given the green light for the exchange to restart its activity, the company has stated that it will not be doing so right away. In the message they explain their decision to wait:

“While the Police statement that they are no longer constraining our return to operations and trading, it would be extremely reckless for us to do this until we can fully identify the losses and ensure that the balance is absolutely secure.”

The statement also stresses that companies under New Zealand legislation commit an illegal activity if they permit reckless trading which could place a creditor’s funds and investments at risk.

Regarding the incident, they also tweeted:

” The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen.”

While some users are seeing this as a sign that the funds might be recovered there is no information regarding any restitution of the stolen crypto.

Featured Image: Bitcoin Exchange Guide

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Anca Florentis

Anca Florentis

Investigative Journalist | Adoption Reporter | Human-Centered Crypto Storyteller
Anca Florentis is a journalist and market researcher whose work sits between investigative reporting and human-centered crypto storytelling. At TheCCPress, she covers adoption, market transparency, founder and company narratives, and the social consequences of crypto expansion across different regions. Her writing is built around people, incentives, and public trust rather than abstract market chatter.

“A strong crypto story should explain not only what happened, but who it affected and why trust changed.”

Profile
- Gender: Female
- Born: July 1993
- Based: Cluj-Napoca, Romania
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, people, adoption, company stories, regulatory tension

Experience
Anca’s background spans financial reporting, fintech journalism, and crypto research. She has worked on stories involving European regulation, cross-border payments, DeFi adoption, and early Bitcoin use cases, which gives her a broad base for narrative journalism that remains grounded in evidence. At TheCCPress, she is especially useful when a story needs both reporting discipline and a human-centered angle.

Background
She studied economics and international business before deepening her work in digital media and communication. That combination shaped her reporting style: structurally aware, curious about systems, but still focused on the people and organizations moving through those systems. She is particularly effective on pieces where institutional language hides a more personal or social conflict underneath.

Achievements
Anca has contributed feature reporting, event coverage, founder interviews, and market-context journalism across European crypto and fintech topics. Her strongest contributions are stories that connect adoption or regulation with people, incentives, and trust rather than treating those issues as abstract themes.

Work Style
She writes with a measured investigative tone and tends to work from interviews, documented context, and narrative framing rather than short-form reaction. That makes her a strong fit for TheCCPress sections where the goal is to explain how a story unfolded and why it matters beyond a single market cycle.

Skills
Anca’s key strengths include investigative journalism, market research, founder and company profiling, regulatory reporting, feature writing, and cross-border crypto context. She is especially valuable on stories that need both narrative depth and factual discipline.

Additional Information
Within the new site structure, Anca fits naturally in investigations/controversy, people/founders, people/institutions, and selected stories/company-sagas. She helps TheCCPress sound more like a real editorial publication and less like a generic crypto feed.

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