Insolvent New Zealand-based cryptocurrency exchange Cryptopia has initiated the return of cryptocurrencies to users who have successfully verified their accounts. According to Cryptopia's liquidators, "more than NZ$400 million worth of crypto has now been returned in the last 48 hours." The move marks a significant development in the ongoing saga of Cryptopia, which was hacked in 2019, resulting in the theft of approximately $15.5 million worth of funds. The exchange was subsequently placed into liquidation. The return of cryptocurrencies to users is a positive step towards resolving the aftermath of the hack and insolvency. However, it is important to note that the process is ongoing, and it may take some time for all users to receive their funds.