News
Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.
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Latest News on Cryptopia
Read the latest news on Cryptopia, a New Zealand-based cryptocurrency exchange founded in 2014, known for offering a wide range of digital assets for trading. It gained popularity for its diverse coin listings and user-friendly interface. However, in January 2019, Cryptopia suffered a major security breach, resulting in significant financial losses.
The exchange went into liquidation in May 2019, with ongoing efforts to return assets to affected users. Cryptopia’s collapse highlighted the critical importance of robust security measures in cryptocurrency exchanges.
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The theft was first discovered in September and was not yet connected to the crypto exchange going into liquidation the previous year.
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A claims process for Cryptopia creditors has started following a 2019 hack.
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The tale of hacked exchange Cryptopia’s extended liquidation is poised to see new legal action from a major creditor and token issuer.
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Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets.
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