January 15th this year marked the first time a crypto exchange had been hacked in 2019. The exchange that was affected was the New Zealand based Cryptopia. The exchange has since been on maintenance as the team at Cryptopia continues to assess the damage and losses made during the hack. They are also collaborating with New Zealand Authorities to bring the criminals to justice.
Since then, many crypto enthusiasts and traders have been aware that the losses were in the millions but there was no exact figure to provide some clarity as to the extent of the financial damage caused.