Crypto assets worth hundreds of millions of dollars are being distributed to hacking victims of the defunct crypto exchange Cryptopia.
According to a new press release from accounting firm Grant Thornton, investors who had accounts with Cryptopia – a New Zealand crypto company that collapsed in May 2019 – will collectively receive $225 million worth of digital assets.
“Cryptopia liquidators are pleased to announce a significant milestone in the ongoing liquidation process.
In the last two days, more than 10,000 verified Bitcoin and Dogecoin account holders have received their first cryptocurrency payouts. Over the last 48 hours, over $400 million NZD ($225 million) worth of cryptocurrencies have been returned to the chain.”
Cryptopia was first hacked in January 2019 when criminals stole millions of dollars worth of digital assets. Months later, in May, the company decided it was in the “best interests of customers, employees and other stakeholders” to appoint liquidators.
David Ruscoe, Grant Thornton liquidator at Cryptopia, said:
“We recognize that Cryptopia’s customers would like a resolution to this matter as soon as…
