ChainCatcher reported that according to Cryptonews, New Zealand cryptocurrency exchange Cryptopia has begun returning millions of cryptocurrencies to account holders years after its collapse.
In a 2019 cyberattack, millions of dollars worth of tokens were stolen from the Cryptopia platform, and Cryptopia subsequently applied for liquidation. At that time, the platform was stolen about $15.5 million. However, during the liquidation, the platform was hacked again in 2021. This time a former employee stole $170,000 worth of cryptocurrency from a wallet associated with Cryptopia.
The exchange has repaid NZ$400 million ($224.9 million) in cryptocurrencies to 10,000 verified account holders. According to a public consultation by the liquidator, account holders of Bitcoin and Dogecoin have received their first cryptocurrency distributions.
“Over NZ$400 million ($224.9 million) in cryptocurrency has been returned on-chain in the past 48 hours,” Cryptopia liquidator Grant Thornton noted.
