New Zealand Court Gives Guidance on Distribution of Recovered Cryptopia Funds
There’s been a new update in the liquidation process for hacked New Zealand cryptocurrency exchange Cryptopia after a judge delivered a verdict on the status of the exchange’s compromised assets. As the exchange announced on Twitter earlier this week, the High Court of New Zealand has ordered it to reimburse its users who lost their holdings as a result of the hack.(2/2) … individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company. Read the full judgement here: https://t.co/ceUywTVdFY—