PANews reported on December 20 that according to Cryptonews, New Zealand's bankrupt crypto exchange Cryptopia has returned cryptocurrencies worth NZ$400 million (about US$225 million) to 10,000 verified account holders. This is the first large-scale return since the platform suffered a $15 million hacker attack in 2019.
Cryptopia's liquidation team began distributing assets such as Bitcoin and Dogecoin after reestablishing the hacked exchange and verifying the transaction records of nearly 960,000 users. In addition, the planned additional distribution will allow the "unclaimed assets" of account holders who have not registered claims to be used to compensate other users, which is expected to allow account holders to receive up to 100% of their holdings refunded. More user verification and distribution plans will be carried out next year.
