Cryptopia will compensate $2 million for missing backup database

According to The Merkle, Cryptopia, the New Zealand cryptocurrency exchange, did not maintain a backup of the hacked database because the database was actually controlled by a third party and the exchange still owed some third parties. It is reported that Cryptopia itself does not properly back up its accounting database, but is managed by a third-party service provider in Arizona. While restoring the database should be a breeze, it is clearly not the case. The service provider is stopping service to Cryptopia and is asking for $2 million in damages. If the company does not receive the appropriate compensation, then all necessary data may be lost forever.