Cryptopia Cryptocurrency
New Zealand-based cryptocurrency exchange Cryptopia isn't open for trading just yet, but the exchange has announced a reimbursement plan for customers. | Source: Shutterstock

Crypto Exchange Cryptopia Reveals Customer ‘Rebate’ Plan after $16 Million Theft

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More than a fortnight since Cryptopia hinted at reimbursing users affected by a security breach that occurred in mid-January, the New Zealand-based cryptocurrency exchange has confirmed to customers that it will offer a ‘rebate’. This was revealed in an emailed statement that was sent to users:

There will be a rebate for customers who unfortunately lost funds. We are working through the logistics of this to ensure it is equitable and in compliance with local laws.