According to TechFlow, on December 20, Cryptonews reported that the New Zealand cryptocurrency exchange Cryptopia, which is in bankruptcy liquidation, has returned about NZ$400 million (about US$225 million) in cryptocurrency assets to 10,000 verified users. Liquidator Grant Thornton said that the first round of distribution of Bitcoin and Dogecoin had been completed in the past 48 hours.
The exchange had previously suffered a $15.5 million hacker attack in 2019, and another $170,000 in cryptocurrency was stolen by a former employee in 2021. The liquidator plans to launch an additional distribution plan in 2024, and unclaimed assets will be used to compensate other users, with up to 100% asset return.