RIP Cryptopia? Services Halted and Liquidators Appointed

After confirming a hack back in January where the New Zealand based exchange lost over 9% of its holdings, Cryptopia has once again shut down its services after an 8 hour downtime this time for good.

Visiting the official Cryptopia website, users are greeted with the following message:

“David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia

Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was, in the best interests of customers, staff and other stakeholders.

The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended.

“Given the complexities involved we expect the investigation to take months rather than weeks.”

The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations.

Grant Thornton will…

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Source: https://themerkle.com/rip-cryptopia-services-halted-and-liquidators-appointed/