Cryptopia, the defunct cryptocurrency exchange, has successfully repaid NZ$400 million in digital assets to 10,000 verified account holders. This marks a significant milestone in the lengthy liquidation process that began after the exchange's collapse in 2019. The repayment process highlights ongoing challenges within the crypto industry, particularly concerning security and trust issues that continue to plague exchanges. Despite this resolution, the broader market remains under scrutiny as regulatory pressures intensify globally, casting a shadow over the future of cryptocurrency exchanges and their operational viability.