Via its official Twitter account, Cryptopia announced the ruling delivered by Justice Gendall.
In January 2019, Cryptopia which lasted for two weeks even after it was discovered because the exchange couldn’t regain full control. In that time, Cryptopia lost over $30 million, out of the $170 million it held across 800,000 accounts, in nearly 900 different assets. The breach is still regarded as the biggest hack in New Zealand.
The ruling confirms that the funds will not be regarded as creditors’ debts.
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