It’s a melancholy time for the team and members of Cryptopia, the popular New Zealand-based /crypto exchange. informed today that yesterday, Grant Thornton New Zealand was appointed liquidators of Cryptopia Limited, as the company will be winding up.
The highly publicized had a severe impact on the company’s business. 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 , staff and other stakeholders.
The liquidators are now focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, on the exchange will be suspended.
“We realize Cryptopia’s will want to have this matter resolved as soon as possible. We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of and stakeholders. Given the complexities involved, we expect the investigation to take months rather than weeks.”
The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations. Grant Thornton will be contacting all Cryptopia and suppliers about its appointment in the next few days. Further, an initial report will be available on the next week.
Cryptopia was incorporated on July 29th, 2014, and was a for crypto enthusiasts around the world. Without the hack occurrence, Cryptopia would most likely be in a solid position heading into the summer, in what would have been their 5th year anniversary since incorporating.
Published at Wed, 15 May 2019 08:01:25 +0000
