Good News For Cryptopia Users regarding Their Funds Return
The New Zealand based Cryptocurrency exchange Cryptopia was hacked in January 2019 and here is the next update for the Cryptopia account holders from the Grant Thornton reported on 27 May 2019.
The Grant Thornton New Zealand reported that they filed a petition in the Bankruptcy Court in the Southern District of New York (SDNY) seeking recognition of the New Zealand liquidation in the USA, and they also applied for urgent interim relief.
Grant Thornton reported that they took these steps to preserve the Cryptopia information that is stored and hosted on servers with an Arizona based business.
The account holder contact details and the Cryptopia data, which includes a SQL database containing the holdings of bitcoin and other cryptocurrencies of all account holders’ individual preserved by the interim order.
They said that the complete process will take some months for recovering data and determining how to make distributions to the Cryptopia account holders.
You can check the copy of the order from the SDNY Bankruptcy Court that can be downloaded here [ 126 kb ], as directed by that Court.
