The former Cryptopia employee, whose identity was not revealed for security reasons, was charged for the theft of customer data and stealing about $250,000 worth of cryptocurrencies when he appeared in Christchurch District Court on July 5. The man was later released on bail until the final trial on October 20, 2021.
With New Zealand Exchange Cryptopia in the midst of a liquidation process, hackers seem to consider it an easy victim. Despite it being under the supervision of Grant Thornton liquidators, criminals have stolen over $40,000.
The story of the notorious New Zealand-based Cryptopia exchange seems to have finally come to an end. On April 8, the High Court in Christchurch arrived at a verdict that all stolen funds are a property of the company’s customers. Thus, people might finally get their money back.
A couple of giant cryptocurrency exchanges globally faced it hot this year especially after experiencing repetitive attacks from unknown hackers. Due to these attacks, both the investors and exchanges lost billions and billions of their money. This year saw quite a few weighty hacking episodes, we have brought you some of the major breaches of 2019.
The allocated liquidator for Cryptopia, the collapsed New Zealand-based cryptocurrency exchange, has managed to recover around NZ$7.2 Mln (approx. $5 Mln) on balance since it was attacked by anonymous hackers for feasibly $18 Mln early this year. The exchange went into liquidation back in May after facing a gigantic attack by deadly unknown hackers in January.
The popular New Zealand (NZ)-based cryptocurrency exchange Cryptopia was unexpectedly attacked twice by anonymous hackers in January who run away with more than $18 million worth of cryptocurrency from around 80,000 wallet addresses. From the complicated liquidation actions being conducted by Grant Thornton, an update for all account holders was announced.
Whale Alert, a twitter account that automatically and manually records weighty cryptocurrency transfers for the social media platform ecosystem, uncovered that just over $250 thousand of stolen Ethereum (ETH) from the hacked New Zealand (NZ)-based cryptocurrency exchange Cryptopia, finally moved on Tuesday May 21.
New Zealand (NZ)-based cryptocurrency exchange Cryptopia Ltd recently appointed two liquidators, David Ruscoe and Russell Moore, from one of the globe’s biggest professional firms that offer assurance, tax and advisory services.
The New Zealand (NZ)-based Cryptopia, a cryptocurrency exchange platform that was badly hacked two times in one month of January 2019, has declared that it has officially resumed its normal trading activities. The exchange recommenced trading on 40 trade pairs more than 60 days after losing millions of dollars to hackers.