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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}