RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hacking

By CCN: It may not have sounded the death knell immediately but the January hacking of New Zealand-based cryptocurrency exchange Cryptopia changed everything forever. Now the crypto exchange which lost NZD$ 23 million (approximately $15 million) in the security breach five months ago has appointed liquidators. Cryptopia Limited appoints Grant Thornton as Liquidators – https://t.co/A35rq1Jls3 — Cryptopia Exchange (@Cryptopia_NZ) May 15, 2019 In a statement, Cryptopia admitted that the hacking had a ‘severe impact on the company’s trade’. The exchange also disclosed that appointing liquidators came after efforts to cut costs and return to profitability proved unsuccessful. Beware: Cryptopia’s Liquidation The post RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hacking appeared first on CCN