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

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
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...

More Law & Regulation

Update: ComCom declines clearance for Serato deal
Law & Regulation

Update: ComCom declines clearance for Serato deal

Watchdog says merger could have lessened competition. 

SkyCity agrees to five-day closure of casino after breaches
Law & Regulation

SkyCity agrees to five-day closure of casino after breaches

The 'mea culpa' shutdown will cost the company $5 million.

Price changes possible for Auckland Airport following ComCom review
Markets

Price changes possible for Auckland Airport following ComCom review

Auckland International Airport is set to consider price changes following ComCom findings.

Tom Raynel 17 Jul 2024
Legislation for critical infrastructure cybersecurity past due
Law & Regulation

Legislation for critical infrastructure cybersecurity past due

Without regulation, NZ's critical infrastructure will remain at risk of cyber attacks.

Ben Moore 17 Jul 2024