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Cryptopia
For information on the status of this liquidation, please refer to the information issued by the Liquidators.
Update for Cryptopia claimants and stakeholders 10 December 2021
The liquidators for Christchurch-based crypto exchange, Cryptopia released their first report into the company’s affairs today.
David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia Limited, a New Zealand cryptocurrency exchange based in Christchurch.
Update for Cryptopia Claimants and Stakeholders
Today, Grant Thornton New Zealand released the third statutory report in the Liquidation of Cryptopia Limited, a cryptocurrency exchange based in Christchurch. In a world-leading case for which there was no legal precedent, a court hearing held in April gave a clear ruling about the status of the assets and that they were held in trust for the account holders. Further steps need to be taken before assets can be distributed.
We refer to our previous update of 18 September 2020 and provide you with a further update on progress since then.
Cryptopia account holders receive $400m from liquidators
Over the last few days you should have received an email from no-reply@cryptopia.co.nz inviting you to register on the Cryptopia claims portal. This marks the launch of the Cryptopia claims portal to start the process of returning account holders property. Please follow the instructions to register as an account holder. We are asking you to confirm certain details of your Cryptopia account so as to ensure that only verified account holders can register in the claims process.
Update for Cryptopia Claimants and Stakeholders 20 February 2024
Update for Cryptopia Claimants and Stakeholders 2 November 2023
Since the release of our Third report in June 2020 we have made further progress in the Liquidation and provide an update with an additional set of frequently asked questions.
Cryptopia liquidation update to Claimants and Stakeholders 17 March 2021
We understand that Cryptopia stakeholders are keen to hear what progress has been made on the liquidation process in the last few weeks. Please find below a summary of what the liquidators have been doing to secure and preserve the crypto-asset holdings for the benefit of those entitled to them.
In January 2019, the Cryptopia exchange was hacked and cryptocurrencies valued at approximately NZD30m were stolen. Cryptopia closed after the hack, re-opened for a short period, and was then placed into liquidation in May 2019. David Ruscoe and Russell Moore of Grant Thornton New Zealand were appointed liquidators.
Update for Cryptopia Claimants and Stakeholders 5 March 2024
Update for Cryptopia claimants and stakeholders 10 June 2021