cryptopia

ChainCatcher news, according to Cryptonews, the New Zealand cryptocurrency exchange Cryptopia has begun to return millions of cryptocurrencies to account holders after years of closure.In a 2019 cyber attack, tokens worth millions of dollars were stolen from the Cryptopia platform, which subsequently filed for liquidation. At that time, the amount stolen from the platform was approximately $15.5 million. However, during the liquidation process, the platform was hacked again in 2021. A former employee stole $170,000 worth of cryptocurrency from a wallet linked to Cryptopia.The exchange has reimbursed 10,000 verified account holders with NZD 400 million (USD 224.9 million) in cryptocurrency. According to the liquidator's public consultation, Bitcoin and Dogecoin account holders have already received their first cryptocurrency distribution.Cryptopia liquidator Grant Thornton stated, "In the past 48 hours, over NZD 400 million (USD 224.9 million) of cryptocurrency has been returned on-chain."

ChainCatcher message, according to CoinDesk, the bankrupt cryptocurrency exchange Cryptopia, based in New Zealand, has announced that it will begin returning cryptocurrency to some of its account holders, planning to distribute Bitcoin and Dogecoin to eligible account holders in the coming months.It is reported that Cryptopia was liquidated after a cyber attack in 2019, with the first round of cryptocurrency distribution set to occur within the next three months, followed by an approved process that includes distributing the remaining Bitcoin, Dogecoin, and all other cryptocurrencies of sufficient value to account holders by the end of 2024.