As CEO of Mandala Exchange, a faithful Cryptopia user for years, and unfortunately a victim of their recent compromise — we sincerely empathize with the team & their users. I cannot imagine what they’re going through right now internally but we are sending strong positive vibes to the team in hopes for recovery, as well as their users.

While we wish we could offer everyone a solution against any losses, we have opened up a small airdrop for all new users to Mandala from Cryptopia (see below for details). We have reached out to Cryptopia directly to offer assistance on anything they need and have offered support from our security team in an effort to help them get closer to a resolution. Over $1.5billion has been compromised by hackers in the crypto space, of which $865 million was stolen in 2018 alone.

Mandala made it an absolute priority to find a solution to this, and it is the exact reason we went with BitGo as our exclusive custodian of user funds, in order to mitigate risk.

We will support Cryptopia as much as we can, as well as the users affected while a resolution is found — ultimately creating a safe haven while we band together with one of the first greats in the exchange space. We are all in this together, regardless of competition.