The discontinued cryptocurrency exchange liquidator Cryptopia launched a credit claims payment process after a hack in 2019.
Cryptopia’s appointed trustee, Grant Thornton, a professional services company, officially announced on December 9 that lenders can now initiate the claims process on Cryptopia’s claims portal.
The claims handling process requires creditors to register with the Cryptopia claims portal and confirm your Cryptopia account information. “Only verified account holders can register for the claims process,” Grant Thornton said in a statement.
New Zealand-based Cryptopia was the victim of a major piracy incident in early 2019 that resulted in a loss of $ 16 million. Then the exchange suspended its services and appointed Grant Thornton as its trustee. In May 2019, Grant Thornton released an assessment of the company’s financial position, stating that the hacked stock market owes creditors $ 4.2 million.
In July 2020, the main victim of the Cryptopia hack filed a warning about liquidators’ failure to fulfill obligations and was preparing to initiate a lawsuit.
Graham Thorton said today that they will be sending emails about the claims process within a week due to the large number of claims.