Legal

Cryptopia Exchange Hack Reimburse Claims Proceeds From Today.

The liquidator of now-defunct cryptocurrency exchange Cryptopia has launched the claims process to reimburse creditors after the earlier 2019 hack.

Professional services firm Grant Thornton, Cryptopia’s assigned liquidator, officially revealed on 9th Dec. that creditors can now start the claims process on the Cryptopia claims portal.

The claims process requires creditors to register on the Cryptopia claims portal and ensure details regarding their Cryptopia account. “Only verified account holders can register within the claims process,” Grant Thornton added within the official statement.

Situated in New Zealand, Cryptopia became the victim of a serious hacking incident earlier in 2019, reportedly leading to losses amounting to $16  Mln. The exchange subsequently suspended their services and appointed audit firm network Grant Thornton as a liquidator. Earlier in 2019, Grant Thornton published an estimation statement of the financial state of the firm, reporting that the hacked exchange owes a sum of $4.2 Mln to its creditors.

Later in July 2020, another victim of the Cryptopia hack filed a notice of liquidators’ failure to suits duties and was preparing to launch a lawsuit.

Graham Thorton added today that it’ll be sending out emails regarding the claims process throughout the week due to the sheer volume of claims.

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