The “Cryptopia” platform opens the process of receiving user requests within the framework of the platform’s filtering
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Answer The “Cryptopia” platform opens the process of receiving user requests within the framework of the platform’s filtering
Cryptopia users have been waiting for a long time to return their money from the hacked and bankrupt platform, which is supervised by Grant Thornton Corporation for the purpose of liquidation and comprehensive evaluation with the return of creditors’ money.
recently done Advertising And officially about opening the door to receiving official claims, and inviting those who are still claiming their money since the collapse of the company to register their properties and what they owe to the platform.
New Zealand-based platform Cryptopia was the victim of a hacking attack in early 2019, which resulted in losses of more than $16 million.
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As a result, Cryptopia was forced to suspend all of its services, and eventually begin the liquidation process.
According to Grant Thornton, Cryptopia still owes $4.2 million to creditors affected by the hack.
In July 2020, a creditor filed a notice with the courts regarding the liquidators’ failure to comply with their statutory duties, indicating that the lawsuit was still open.
Liquidators are reportedly looking for potential creditors’ settlements.
For your information, the claims process is only open to verified account holders, who will be required to provide their account details along with recording their claims related to the amount of cryptocurrencies they own on the platform.
According to Grant Thornton, the affected creditors will be contacted and emailed during this week, a process that is expected to continue for several more days due to the sheer volume of pending claims against the platform.
The demise of Cryptopia highlights the threat posed by hacking attacks to exchanges and make them unable to function.
The liquidation process will now prioritize claims from creditors, with investors likely to receive only a fraction of the stolen funds.
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