The bankrupt Cryptopia exchange has started returning Crypto Assets and has now repaid 2.249 billion US dollars of Crypto Assets.

2024-12-20 06:20:24

ChainCatcher News, according to Cryptonews, New Zealand cryptocurrency exchange Cryptopia has started returning millions of cryptocurrencies to account holders after years of closure. In the 2019 cyber attack, tokens worth millions of dollars were stolen from the Cryptopia platform, which later applied for liquidation. At that time, the amount stolen from the platform was approximately $15.5 million. However, during the liquidation process, the platform was again hacked in 2021. This time, a former employee stole $170,000 worth of Cryptocurrency from the wallet linked to Cryptopia. The exchange has repaid 4 billion New Zealand dollars (US$2.249 billion) of Crypto Assets to 10,000 verified account holders. According to the liquidator’s public consultation, account holders of Bitcoin and Dogecoin have received their first distribution of Crypto Assets. Grant Thornton, the liquidator of Cryptopia, stated: ‘Over NZD 400 million worth of cryptocurrencies have been returned to the chain in the past 48 hours.’

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