New Zealand-based Cryptopia, one of the most popular cryptocurrency exchanges of the time, suffered a major attack and had to shut down.
The cryptocurrency exchange stated that users will be refunded after it was hacked in May 2019, and now it is moving into the second phase of the payment.
In the second stage of the liquidation process, users are expected to create refund requests, and the identities of the users will be identified and compared.
Process Progress in Cryptopia
Cryptopia A statement has been published by the cryptocurrency exchange today on the subject, and in the second stage, it will be confirmed that the identities of those who make these demands are verified and that they are indeed victimized by the exchange.
Account holders will be expected to enter the platform where they will create their requests in the coming days.
1/3: Today, 7 October 2021, the Liquidators announce the launch of stage 2, “identity verification” of the claims process. Account holders’ should expect to receive an invitation email to login into the claims portal when their country is ready for verification.
— Cryptopia Exchange (@Cryptopia_NZ) October 7, 2021
An invitation email will be sent to account holders to enter these platforms, and the process will continue.
It is stated that as of June 2021, more than 55,000 users made requests from the exchange and requested the return of the funds. This was actually the first step of the exchange’s liquidation process.
Cryptopia cryptocurrency exchange is known to have more than 900,000 users globally, including Turkey, and investors went to court and demanded that cryptocurrencies actually be seen as property and sued the exchange.
Although the repayment date is still not finalized, it is seen that those who opened the case in question are moving towards a great victory. In addition, the situation took a turn for the worse when the Cryptopia exchange was hacked by a former employee after the massive hack and lost $250,000.