The bankrupt Cryptopia exchange has started to return cryptocurrency to account holders, having repaid $224.9 million in cryptocurrency

2024-12-20 14:11:56

Collection

ChainCatcher news, according to Cryptonews, the New Zealand cryptocurrency exchange Cryptopia has begun to return millions of cryptocurrencies to account holders after years of closure.

In a 2019 cyber attack, tokens worth millions of dollars were stolen from the Cryptopia platform, which subsequently filed for liquidation. At that time, the amount stolen from the platform was approximately $15.5 million. However, during the liquidation process, the platform was hacked again in 2021. A former employee stole $170,000 worth of cryptocurrency from a wallet linked to Cryptopia.

The exchange has reimbursed 10,000 verified account holders with NZD 400 million (USD 224.9 million) in cryptocurrency. According to the liquidator's public consultation, Bitcoin and Dogecoin account holders have already received their first cryptocurrency distribution.

Cryptopia liquidator Grant Thornton stated, "In the past 48 hours, over NZD 400 million (USD 224.9 million) of cryptocurrency has been returned on-chain."

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.