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Police storm Cryptopia office amid security breach lockdown

Police storm Cryptopia office amid security breach lockdown

Senior investigators flying down to Christchurch from Wellington

Credit: Dreamstime

Police have locked down the office of Cryptopia following a security breach at the Christchurch-based crypto-currency trading company.

According to Stuff, “some staff gathered in the upstairs car park as others were questioned by police”.

The move comes as news emerges that millions of dollars worth of currency has disappeared as a result of the breach, which was first reported to authorities by the company on 14 January.

“We are unable to update anyone at the moment as it’s now a police matter,” wrote Cryptopia, via social media. “We cannot comment as this matter is now in the hands of the appropriate authorities.”

Stuff has also reported that senior investigators are flying down to Christchurch from Wellington, to assist police in dealing with the situation.

According to Cryptopia, once the issue was identified by staff, the exchange was placed in maintenance mode while the damage was assessed.

As reported by Reseller News, Police maintain that the investigation is still in its “very early stages”, with an update expected to be provided on Wednesday.

Since reporting the breach, a number of Kiwis have responded to the news via Twitter, with a mixed response so far.

Established in 2014 by founders Rob Dawson and Adam Clark, the crypto-currency exchange has over two million global users, facilitating deposits, trading and withdrawals of major coins.

Cryptopia also claims to have access to “dynamic charts, live coin information, world class service and the world's largest range of coins”, according to the company’s website.


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