CRYPTOPIA
Cryptopia is a New Zealand cryptocurrency exchange founded in 2014 by Rob Dawson and Adam Clark. Cryptopia is the largest cryptocurrency exchange of New Zealand. In May 2017 Cryptopia launched the NZDT, the first stablecoin that was pegged to New Zealand dollar (code: NZD). According to nzherald.co.nz, On 15 January 2019 Cryptopia claimed that they had "suffered a security breach which resulted in significant losses". Cryptopia is now closed and under maintenance. According to the official website, "On 8 April 2020 Justice Gendall delivered his judgement, Finding firstly cryptocurrencies are “property” within the definition outlined in s2 of the Companies Act 1993 and secondly that account holders cryptocurrency were held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company."
Former-Cryptopia Employee Pleads Guilty Stealing Over $171K in Crypto
A former male employee stole over $171K in cryptocurrencies from a liquidated New Zealand-based crypto exchange Cryptopia. The defendant has pleaded guilty, will be sentenced in October.
Creditors of Defunct Crypto Exchange Cryptopia Can Now File For Claims With Audit Firm Following Massive Hack
The creditors of the now-defunct New Zealand based cryptocurrency exchange Cryptopia can now file for claims with appointed audit firm Grant Thornton.
Cryptopia Users Win New Zealand Ruling Over Locked Cryptocurrency as High Court Declares them "Property"
Clients of Cryptopia exchange will finally get their funds back after a New Zealand high court classifies the rules that they are entitled to their funds.