Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bankrupt Cryptopia Exchange to Refund $225 Million to Its Clients

Bankrupt Cryptopia Exchange to Refund $225 Million to Its Clients

HappyCoinNewsHappyCoinNews2024/12/21 04:00
By:HappyCoinNews

Grant Thornton, the firm handling the case of the bankrupt crypto exchange Cryptopia, has begun returning money to users of the platform who suffered from an exploit in 2019.

According to the liquidator's statement, more than 10 people will receive back their BTC and DOGE assets totaling $000 million by the end of this year. After this first distribution, Grant Thornton representatives will continue to return funds to Cryptopia customers according to the court-ordered plan.

An additional distribution of capital will be made between account holders so that they can recover 100% of their assets, including through the “unclaimed funds” of users who never registered on the claims portal after the deadlines, the liquidator noted.

Additionally, Grant Thornton urged all affected Cryptopia account holders to register on the claim portal to be eligible for future payments.

Cryptopia crypto exchange launched in New Zealand in 2014. A few years later, it became the country's largest platform, with about 1,4 million registered users. After a hack in January 2019, Cryptopia lost $16 million worth of cryptocurrency and was forced to file for bankruptcy.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SOL breaks through $200

Cointime2024/12/21 08:01

Ethereum to ramp up gas limit as Pectra progresses

Progress on blob management and Devnet-5 sets the stage for Ethereum’s next hard fork

Blockworks2024/12/21 07:55

BNB breaks above $690

Cointime2024/12/21 07:22

AAVE breaks above $340

Cointime2024/12/21 07:22