Grant Thornton, the firm liquidating hacked New Zealand cryptocurrency exchange Cryptopia, discusses how best to do so with the platform’s developers.
Grant Thornton, the firm liquidating hacked New Zealand cryptocurrency exchange Cryptopia, has discussed how best to do so with the platform’s developers.
Grant Thorton aims for “collaborative relationship”
According to a leaked email from Grant Thornton originally dated Sept. 23, its executives planned to conduct an online meeting for the developers on Oct. 7. The email reads:
“Given the scale, complexity and unique nature of the Cryptopia situation it is desirable to develop a collaborative relationship with the developer community.”
The move marks the latest step in reimbursing the exchange’s clients, who lost around $4.2 million in total after the hack last January.
In August, preparations were already underway to determine wallet ownership, with the liquidation process facing various hurdles nonetheless.
“A positive message”
According to Grant Thornton, Tuesday’s meeting aimed to explain the liquidation process to the developers and ask for their assistance going forward. The email continues:
“We believe engagement is a vital element to the overall success of the liquidation and a positive message for the crypto community at large.”
The hack is somewhat smaller in scale than 2019’s other major exchange breaches. Binance has reimbursed users automatically for $41 million stolen in May while defunct Canadian platform QuadrigaCX is mired in scandal over the loss of close to $200 million.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.