Cryptopia Releases Update to Users Regarding Liquidations From 2019 Hack
New Zealand crypto exchange Cryptopia has announced the third phase of its reimbursement plan after a 2019 hack that saw customers lose over $15 million. In the third phase, account holders whose identities were previously verified can log onto a claims portal to confirm that their balances are correct.
Cryptopia filed for bankruptcy protection and went into liquidation in May 2019 after a Jan. 2019 hack that saw 15% of client funds stolen. Since 2020, liquidator Grant Thornton has called on account holders to register and identify themselves. This is because Cryptopia stored customer funds in a pooled wallet rather than individual wallets. The exchange executed trades on an internal ledger and recorded them in a database.
Source
https://t.me/CryptoMarketUpdates
