If 14% of their total holdings was hack, How come these thieves are saying there are not enough money to cover everyone's money! they already haircut people's balance to cover the losses in the hack.
Where's the remaining 86% money own by their customers? It means they are using people's deposit to fund their operation while collecting trading fees and listing fees. IN this case, They are all thieves and scammers, IMHO they should go to jail for their actions.
Indeed, according to the results of the January hacker attack, Cryptopias exchange did not incur financial losses, since it shifted all losses to the clients balance sheets. (I have deducted 14% BTC and 49% LTC). What is the reason why they became financially insolvent and decided to close the exchange, taking all the remaining money?
I think the reason is simple.
Since they chose to...
(1) roll the cost of the hack (their inability) to the customers,
(2) they were very slow in reopening the exchange, and
(3) when they finally started resuming the business they were doing so in such a bad manner (like allowing trading without allowing deposit/withdraw)
... they completely lost the last few people had at least a little faith in their exchange.
So when they tried to resume their business, it was probably obvious to them early on that there would only be withdrawals and almost no new deposits.