High court declines account holders' bid for independent adviser in Cryptopia collapse

Cryptopia was hacked and lost millions. (Image: Deposit Images)

Tue, 24 Oct 2023

A high court judge has declined to appoint an independent representative for account holders caught up in the collapse of Cryptopia, saying it wouldn’t be effective.The Christchurch-based exchange was formed in 2014 but fell into the hands of liquidators in 2019 after being hacked and losing millions in cryptocurrency. When Grant Thornton’s David Ruscoe and Russell Moore came in as liquidators, the exchange had 2.2 million registered users worldwide and 37 staff. High court judge David Gendall ruled in 2020 that crypt...

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