TechFlow news, December 20 — According to Cryptonews, the bankrupt New Zealand-based cryptocurrency exchange Cryptopia has returned approximately NZD 400 million (about USD 225 million) in crypto assets to around 10,000 verified users. The liquidators, Grant Thornton, stated that the first round of distributions for Bitcoin and Dogecoin was completed within the past 48 hours.
The exchange previously suffered a USD 15.5 million hack in 2019, followed by a theft of USD 170,000 in cryptocurrency by a former employee in 2021. The liquidators plan to launch an additional distribution scheme in 2024, with unclaimed assets to be used for compensating other users, potentially enabling eligible users to recover up to 100% of their holdings.
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