Cryptopia, the New Zealand-based Bitcoin exchange hacked in January 2019 is shutting down for good and going into liquidation. A couple of liquidators from Grant Thornton have already been tasked with the job of security assets belonging to stakeholders of the company.
Cryptopia joins others like Mt. Gox in failing to recover from a cyber attack. Meanwhile, experts continue to warn cryptocurrency traders to recognize the risks associated with participating in the market.
Bitcoin Exchange Placed in Liquidation
According to the NZ Herald, Russell Moore and David Roscoe of Grant Thornton will be in charge of overseeing the liquidation process. Cryptopia lost close to $23 million in cryptocurrency from the January 2019 heist.
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