Cryptocurrency trading is fraught with risks, including the high volatility of assets and potential security breaches on blockchain platforms. Victims of the Cryptopia hack should follow Grant Thornton’s updates and register their claims on the provided portal. The asset transfer stage has not begun yet but is anticipated, with applications for redistribution expected to start in the first half of 2022. After a court ruling in 2020, Cryptopia’s users were declared entitled to their funds, with reimbursement in cryptocurrency rather than fiat currency. The liquidation process is ongoing, with Grant Thornton currently in the claim registration stage, urging affected users to file their claims to recover their assets. The current plan by Grant Thorton is to return assets to account holders by the end of 2024.
Account holders should be cautious about providing their Cryptopia account information to third parties. The claims portal has been designed to verify each account holder’s account ownership and identity, and it is very important this sensitive process is protected. The official methods of communication from the liquidators to Cryptopia account holders are outlined at the end of this update. These third parties might use the name „Cryptopia“ in their email address, subject line, or in headings of their communications to account holders.
Personally, i have a decred withdrawel stuck on the processing status for around a week now. Our Content on the Website is Our own opinion and does not constitute financial or investment advice in any way whatsoever. Nothing published on the Website constitutes an investment recommendation, and You should not rely on any data or Content published by Us for cryptopia withdrawal time any financial or investment activities. Any claims, statistics, or general information should be verified with the respective providers.
WALLET QUESTIONS
Currently, the process is still in the claim registration stage, as the liquidator company says they need to collect more claims to proceed forward. So, if you are one of the victims of the Cryptopia hack, we strongly recommend you join the claim registration process. The platform suffered a security breach on January 14, 2019, causing significant losses to users from over 183 countries around the globe.
What’s Cryptopia’s Legal Status?
- If you are unsure whether a communication is an official communication from us, please raise a helpdesk ticket in Zendesk at the above link.
- Taken over by the accounting and advisory organization Grant Thornton LLP, Cryptopia’s liquidation process has been going on for a couple of years now.
- We recommend that any account holders who have entered into a sale and purchase or assignment agreement with any of these third parties seek independent legal advice.
- If you are unsure whether a communication is an official communication from us, please raise a helpdesk ticket in Zendesk.
- This agreement requires the assignment or transfer of account holders Cryptopia owed holdings to that third party.
We understand third parties have contacted account holders offering to purchase their Cryptopia entitlements in exchange for an obscure digital currency. This agreement requires the assignment or transfer of account holders Cryptopia owed holdings to that third party. In order to be eligible to receive your assets back in the asset transfer stage, which hasn’t started yet, what you need to do is to fill in the claim acceptance form through the claims portal. If you are unsure whether a communication is an official communication from us, please raise a helpdesk ticket in Zendesk at the above link. This Zendesk portal is separate from the claims portal and can be accessed by any account holder, provided they register and click the “Sign Up” button on the page. We issued proceedings against these third parties to prevent them from continuing to mislead or confuse account holders.
Choose a Reddit account to continue
Currently, the exchange’s official web domain, cryptopia.co.nz, redirects you to Grant Thornton’s web page, where you can keep yourself updated on the latest developments. On May 15th, 2019, the Cryptopia team announced that the company was going into liquidation, which meant it was going to sell all the assets to dissolve and finally close the company. After the hack, Cryptopia announced that they would give a rebate to users who lost their funds, but the team didn’t give further explanation as to how.
Withdrawal processing times
If you are not, we hope that you take a valuable lesson from this story on the risks that come with storing your assets on exchange platforms. If you are one of the victims of the Cryptopia hack and want to get your digital currencies back, you simply need to follow the announcements of Grant Thornton regarding the liquidation process. Also, you should make your claim on the so-called claimant portal and report your loss. Taken over by the accounting and advisory organization Grant Thornton LLP, Cryptopia’s liquidation process has been going on for a couple of years now. Despite the good news Cryptopia victims received in 2020 on their ownership over the virtual assets, the company still hasn’t refunded the entirety of the loss that occurred due to the alleged hack. The agreement to purchase Cryptopia account holders‘ cryptocurrency that is mentioned above includes a clause about the assignment of coins to that third party.
For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure. To maintain our free content and further support our work, we receive compensation from some companies advertising on Crypto Head. The company has stated that they are expecting to file applications on the redistribution of funds starting from the first half of 2022. After further investigations, Cryptopia announced that 9.4% of the assets stored on its servers were stolen. This number was equal to 23 million NZD or 16 million USD at the time and was considered to be the biggest scam ever pulled in New Zealand.