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Update for Cryptopia Claimants and Stakeholders
Update for Cryptopia claimants and stakeholders 10 December 2021
Update for Cryptopia Claimants and Stakeholders 2 November 2023
Cryptopia liquidation update to Claimants and Stakeholders 17 March 2021
Update for Cryptopia Claimants and Stakeholders 20 February 2024
Update for Cryptopia Claimants and Stakeholders 5 March 2024
Update for Cryptopia claimants and stakeholders 10 June 2021
Cryptopia
Over the past week the Cryptopia claims portal has been launched with a large amount of accounts being registered.
For information on the status of this liquidation, please refer to the information issued by the Liquidators.
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.
We refer to our previous update of 18 September 2020 and provide you with a further update on progress since then.
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.
In preparation for the directions hearing starting 11 February 2020 at the Christchurch High Court, we provide service to those Potential Trust Beneficiaries and/or Creditors by uploading the below affidavits and submissions in regards to these proceedings.
We have made good progress towards securing and preserving Cryptopia crypto-asset holdings for the benefit of those entitled to them. Below is an outline of the progress we have made since our last update on 3 July 2019.
For information on the status of the Cryptopia liquidation, please refer to the information issued by the Liquidators.
On Friday 24 May 2019, we filed a petition in the Bankruptcy Court in the Southern District of New York (SDNY) seeking recognition of the New Zealand liquidation in the USA, and we also applied for urgent interim relief. We took these steps to preserve the Cryptopia information that is stored and hosted on servers with an Arizona based business.
On Friday 24 May 2019, we filed a petition in the Bankruptcy Court in the Southern District of New York (SDNY) seeking recognition of the New Zealand liquidation in the USA, and we also applied for urgent interim relief. We took these steps to preserve the Cryptopia information that is stored and hosted on servers with an Arizona based business.