👏 Cryptopia bankruptcy distributes 225 million USD to victims affected by the 2019 hack.

On December 20, 2024, Grant Thornton, the liquidation company of the cryptocurrency exchange Cryptopia, announced the start of distributing 225 million USD (approximately 400 million NZD) to more than 10,000 account holders affected by the 2019 hack. This marks an important milestone in the nearly 5-year liquidation process.

The first distribution includes Bitcoin (BTC), Dogecoin (DOGE), and other assets. Grant Thornton is committed to continuing additional distributions, with plans to pay out the full stored value to verified account holders. The company urges users who have not yet registered to quickly complete the procedures on the claims portal to qualify for the upcoming distributions.

Cryptopia, once a leading cryptocurrency exchange in New Zealand with 1.4 million users, lost 16 million USD in the January 2019 hack. Following the incident, the exchange was forced to declare bankruptcy, with debts amounting to 4.2 million USD.

Victims should pay attention to stay updated to reclaim their funds. #Cryptopia #BTC #DOGE