High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia
Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets.In a tweet thread published on April 8, the exchange shared the 74-page court document detailing the judgment, summarizing:“Today, 8 April 2020, Justice Gendall delivered his judgment finding firstly, cryptocurrencies are “property” [...] and secondly, that account holders' cryptocurrency were held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets