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Crypto Exchange Cryptopia Facing Liquidation

It seems that Christchurch-based cryptocurrency exchange Cryptopia has been unable to recover after malicious cyber attackers stole around $20 million worth of cryptocurrency.


Today the company announced that it would be liquidated by chartered accounting firm Grant Thornton New Zealand.


The highly publicised hack of Cryptopia’s exchange in January 2019 had a severe impact on the company’s trade. 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,” Cryptopia says.

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