Things went from bad to worse for the beleaguered cryptocurrency exchange Cryptopia when it came to light that it had been placed in liquidation after its failed attempts to restart the business. This according to a report by NZ Herald, May 15, 2019.
Another One Bites the Dust
Barring a few large cryptocurrency exchanges like Binance, Coinbase, and OKEx, it’s particularly hard for exchanges with limited financial resources to bounce back into the market after a severe hack attack. This held true for New Zealand-based exchange Cryptopia which on May 14, 2019, entered into liquidation.
Per sources in the know, David Ruscoe and Russell Moore from accounting and consulting firm Grant Thornton were appointed as the exchange’s liquidators on May 14, 2019.
The Story Till Now