Cryptopia.co.nz Website Review

We understand that Cryptopia stakeholders are keen to hear what progress has been made on the liquidation process since appointment. We appreciate that Cryptopia customers want to know where the process is at and what it means for them and understand the concern they feel. While we are working as fast as we can to resolve the situation as we do not have answers to many customer questions at this stage. Given the volume of correspondence we regularly receive, we cannot reply to individual correspondence. However, we will continue to The liquidators for Christchurch-based crypto exchange, Cryptopia released their first report into the company’s affairs today. A copy Liquidators David Ruscoe and Russell Moore have taken steps to secure the company’s as*ets and have filed a petition in the Bankruptcy Court in the Southern District of New York to preserve the Cryptopia information stored on servers in the US. The liquidators are continuing the process, begun before the company was placed in liquidation, of recovering crypto-as*ets compromised The liquidators, this week gained a Court Order from the New Zealand Courts allowing them to utilise certain crypto-as*ets to recover, preserve and protect as*ets. At this stage of the investigation the liquidators cannot estimate a date for when the liquidation will be completed. “As liquidators we have a responsibility to protect and preserve crypto-as*et holdings for the benefit of those entitled to them,” says Mr Moore. “We are aware of and understand the frustration of Cryptopia’s customers. As there is no legal precedent on crypto as*ets in New Zealand and worldwide, the distribution of those as*ets and the overall conduct of the liquidation will require significant direction from the New Zealand Courts.” There will be no further comment from the liquidators at this stage. On Friday 24 May 2019, we filed a petition in the Bankruptcy Court in the Southern District of New York (SDNY) seeking recognition of the