Collapsed Crypto Exchange Cryptopia Owes Creditors $2.7 Million: Liquidators
The liquidators of hacked New Zealand crypto exchange Cryptopia say it owes over $2.7 million to creditors, while user losses are still unknown.
Blockchain firm GNY has sent a legal notice to Grant Thornton New Zealand over alleged high fees and failures to properly address its claim.
In the fallout from a massive hack of the New Zealand cryptocurrency exchange, users at last have a little good news.
Grant Thornton said the process of repatriating $100 million worth of crypto assets from the now-defunct Cryptopia exchange will begin later this year.
The liquidator for the collapsed New Zealand-based crypto exchange Cryptopia now has NZ$7.2 million on balance for potential user refunds. Finding out who's owed what, though, is proving a tough task.
The liquidator for the collapsed Cryptopia exchange says the way the platform was managed is slowing up the task of determining user holdings.