Cryptopia Liquidator Starts Accepting Refund Applications From Users

Grant Thornton has announced that it will initiate the process of accepting refund applications from users of the crypto exchange Cryptopia in December.

November 13, 2020 | AtoZ MarketsGrant Thornton, the liquidator of the hacked cryptocurrency exchange, Cryptopia, announced Friday that it will start registering applications for refunds from users of the hacked cryptocurrency exchange Cryptopia from December.

Cryptopia account holders will get refunds in cryptocurrency

The company said it was looking for additional assets to transfer to clients. If possible, the refund will be made in cryptocurrency.

"We will ask all account holders to register applications and will begin the process of verifying their identity after release," said Grant Thornton.

Company representatives urged Cryptopia users not to trust third parties. Grant Thornton named its website, company accounts, and exchanges on Facebook and Twitter as platforms for publishing reliable information.

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The report also says that due to a mistake by a High Court officer in Christchurch, the data of some users went to an "unauthorized third party."

“We are concerned that a third party might try to use this information to mislead and influence the decisions of account holders. We have taken steps to prevent this, ”the company stressed.

About Cryptopia hack

In January 2019, the New Zealand cryptocurrency exchange Cryptopia was hacked. According to various estimates, the hackers stole assets worth $ 16 million.

Read also: QuadrigaCX Trustee Lays Out Plans for Compensating Affected Clients

After the beginning of the liquidation process of the exchange, auditors of Grant Thornton discovered outstanding debts of $2.7 million. In July 2019, the company began assessing losses.

Recall that in September 2020, the auditors announced that they will be able to start refunds to customers after verifying their accounts and data.

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