- Cryptopia has announced that it has begun distributing assets worth approximately $225 million to hack victims.
- The asset distribution is being conducted for more than 10,000 verified account holders.
- Additional assets such as Bitcoin and Dogecoin are planned to be distributed through approved procedures.
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The bankrupt cryptocurrency exchange Cryptopia has begun distributing assets worth $225 million to victims of the hack that occurred in 2019.
According to a report by Cointelegraph on the 20th (local time), Grant Thornton, the liquidation company for Cryptopia, announced that it has started distributing assets to more than 10,000 verified account holders.
Grant Thornton has received at least $225 million in cryptocurrency and plans to distribute the remaining Bitcoin (BTC), Dogecoin (DOGE), and others to account holders through approved procedures after the first fund allocation.
Cryptopia, once the largest cryptocurrency exchange based in New Zealand, had about 1.4 million registered users at its peak. At the time of the hacking incident in January 2019, Cryptopia recorded a loss of approximately $16 million in cryptocurrency.
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