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Hacked Cryptopia Exchange Appoints Liquidator; Resolution Could Take Months

Published 05/15/2019, 05:36 AM
Updated 05/15/2019, 06:41 AM
 Hacked Cryptopia Exchange Appoints Liquidator; Resolution Could Take Months
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The Cryptopia exchange has appointed a liquidator to go through its asset after the January hack. The market, which reopened with limited trading pairs, angered traders for blocking access to wallets that were not affected by the hack. The liquidators appointed, David Ruscoe and Russell Moore from Grant Thornton New Zealand, will have special oversight and investigation functions.

https://twitter.com/Cryptopia_NZ/status/1128491715608727553

Users were immediately skeptical of the move, seeing it as a way to transfer the losses to other asset holders. Cryptopia lost access to its Ethereum wallets, as well as thousands of token wallets, with the hacker stealing the only copies of the private keys available.

The appointment of...

This article appeared first on Cryptovest

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