Cryptopia liquidators start legal steps to distribute currency to 2.2 million users

The liquidators have worked to secure, reconcile and administer the cryptocurrency held on trust for account holders. (Image: Depositphotos)

Riley Kennedy

Thu, 17 Aug 2023

Liquidators of collapsed crypto exchange Cryptopia have started the court process that will see the currency it holds distributed to its account holders.The Christchurch-based exchange was formed in 2014 but fell into the hands of liquidators in 2019 after being hacked and the losing of millions in cryptocurrency.When it collapsed and 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 cryptocurrency m...

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