Opposition to Cryptopia liquidators overruled

The high court granted an application by the liquidators of Cryptopia to realise $5m to fund the ongoing process. (Image: Depositphotos)

Oliver Lewis

Wed, 06 Sep 2023

Four account holders unsuccessfully tried to prevent the liquidators of Cryptopia from realising $5 million from the failed cryptocurrency exchange.The Christchurch-based exchange was formed in 2014 but was placed into liquidation following a 2019 hack, which resulted in the loss of millions of dollars.In May 2019, shareholders appointed David Ruscoe and Malcolm Moore of Grant Thornton as liquidators. Complexity of the liquidationAs BusinessDesk reported last month, Ruscoe and Moore recently initiated a court process to...

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