{"id":24250,"date":"2020-04-08T20:15:41","date_gmt":"2020-04-08T18:15:41","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=24250"},"modified":"2020-04-08T20:15:41","modified_gmt":"2020-04-08T18:15:41","slug":"cryptopia-users-to-receive-their-funds-after-a-new-zealand-high-court-ruled-in-their-favor","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cryptopia-users-to-receive-their-funds-after-a-new-zealand-high-court-ruled-in-their-favor\/","title":{"rendered":"Cryptopia Users to Receive Their Funds after a New Zealand High Court Ruled in Their Favor"},"content":{"rendered":"
Users of the New Zealand-based cryptocurrency exchange Cryptopia are a happy lot following the latest development regarding the liquidation of its assets. Cryptopia fell victim<\/a> <\/strong>to a series of hacks leading to the loss of NZ $30 million in various cryptocurrencies back in January 2019.<\/p>\n Trading activities were suspended for a few weeks and resumed only for the management of the exchange platform to seek liquidation due to the massive losses the company experienced.<\/p>\n The hack left the company with assets valued at about NZ$170 million (US$101 million) according<\/a><\/strong> to the court-appointed liquidator Grant Thornton New Zealand. This amount is being sought after by the exchange\u2019s account holders, creditors, shareholders, and the tax authorities.<\/p>\n