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Bankrupt crypto exchange Cryptopia returns around $225 million worth in cryptocurrency to account holders via liquidators. This is the first phase of Cryptopia’s distribution plan since it went bankrupt in 2020. According to the NZ Herald, the New Zealand-based crypto…
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A Christchurch High Court has ruled that over 800,000 users of the now-defunct cryptocurrency exchange platform Cryptopia, are entitled to the digital assets held in their accounts before the hack occurred. Cryptopia Users Win $100M Crypto Assets Court Case According…
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Evidence presented by liquidators from accounting behemoth Grant Thornton suggests that New Zealand crypto exchange Cryptopia failed to comply with anti-money laundering (AML) regulations before suffering a hack back in January 2019. Cryptopia Had Zero KYC/AML Compliance Pre-hack According to…
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Grant Thornton, which serves as liquidators for hacked New-Zealand cryptocurrency exchange, Crytopia, recently released an updated report on its activities so far. According to a report on its website on August 21, 2019, the liquidators, among other things, successfully recovered…
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Liquidators of dissolved New Zealand-based cryptocurrency exchange, Cryptopia, released its first report on May 31, 2019. The report detailed the current state of the exchange along with its financial status and revealed a liability of over $4 million. $4.22 Million Outstanding…
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Accounting firm Grant Thornton LLC on May 27, 2019, provided an update regarding the petition for bankruptcy filed by the now-defunct cryptocurrency exchange Cryptopia. The company said that it is working towards preserving the exchange’s users’ data stored and hosted…
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Things went from bad to worse for the beleaguered cryptocurrency exchange Cryptopia when it came to light that it had been placed in liquidation after its failed attempts to restart the business. This according to a report by NZ Herald,…
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Following a January 2019 hack that cost them millions of dollars, Cryptopia has relaunched on March 19, 2019, With 40 Trading pairs. The History of the Hack In January 2019, Cryptopia experienced one of the first crypto exchange hacks of…
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Cryptopia has relaunched its website and restored its users’ balances to their pre-hack state, as confirmed by their official Twitter account on March 5, 2019. Back in Business One of the biggest stories of early 2019 was the hack of…
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On January 16, 2019, Binance CEO Changpeng Zhao confirmed that the exchange has frozen some of the stolen funds from the Cryptopia exchange hack discovered on their platform. On Ice Changpeng Zhao, the CEO of Binance, confirmed in a tweet…
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Cryptopia, a New Zealand-base cryptocurrency exchange, has suspended all services and gone offline after reporting a major hack that resulted in significant losses, the company announced in a tweet on January 15, 2019. Security Breach Reported at Cryptopia The new…
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New Zealand is preparing for the re-introduction of a cryptocurrency pegged to its national fiat currency, the New Zealand dollar (NZD). The digital currency is called the NZDT, (the New Zealand dollar Token) and is issued by the country’s leading…
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It seems that New Zealand-based cryptocurrency exchange, Cryptopia, one of the smallest cryptocurrency exchanges in the industry, is having issues and customers have been complaining for quite some time now. The cryptocurrency industry is still a “Wild West” and a…
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