New Zealand’s Cryptopia Exchange Packs It In – Announces Liquidation


New Zealand based Cryptocurrency Exchange is calling it a day – Cryptopia has halted trading and announced that it is now in liquidation. A $3 million dollar hack in January was too much liquidity loss for the firm to continue. 

“Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was, in the best interests of customers, staff and other stakeholders.”

“The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended.”

“Given the complexities involved we expect the investigation to take months rather than weeks.”

David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia