March 29, 2024

Cryptopia will begin accepting claims for damages before the end of the year

Users of the trading platform who suffered from a hacker attack need to verify their accountsand data on a special portal.

The exchange stopped working after a hacker hackingCryptopia expects to start accepting applications for the return of custom assets by the end of 2020. Affected clients of the company will need to verify their accounts and data on a special portal. Until this process is completed, the disbursement procedure cannot be started.

“The stock exchange numbered more than 900 thousand. users and supported up to 900 different coins, so the process will not be quick, ”said Grant Thornton, an auditing company that liquidates Cryptopia.

By court decision, if possible, payment of fundsto clients must occur in cryptocurrency. The auditor stressed that only he owns the exchange database, so any other offers of assistance in refunds should be considered fraudulent.

Cryptopia customers are entitled to a refundfunds on April 8, 2020. The High Court of Christchurch, New Zealand, ruled that cryptocurrency is property under the country's laws. This means that digital assets belong to users and cannot be classified as debt, that is, participate in the bankruptcy estate to repay obligations to creditors.

Last January, hackers hackedNew Zealand exchange Cryptopia. About 10% of the total assets were stolen from it. According to the company Elementus, initially the company's losses amounted to $ 16 million, after which the criminals withdrew another $ 180,000 from the clients' wallets. The company tried to return to work, but in May 2019 announced its closure.

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