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1 Jun 2020 13:38
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  •   Home > News > Business

    A Christchurch-based cryptocurrency exchange that suffered a devastating breach, will have to try to pay off its customers

    A Christchurch-based cryptocurrency exchange that suffered a devastating breach, will have to try to pay off its customers


    Cryptopia had millions of dollars worth of digital currency stolen in a hack early last year.

    The company's now in liquidation.

    After lengthy debate - the High Court has ruled cryptocurrency counts as property under the Companies Act.

    This means cryptocurrency owners will be counted as creditors during the liquidation process.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Law and Order:
    The owner of a shop near where a man died in Auckland this morning says CCTV footage from his business shows two people dragging another person out of a car 13:37

    International:
    Stolen Generations survivor Aunty Lorraine has been healing her mob for 20 years 13:27

    Law and Order:
    George Floyd US anti-police protests kick off for another night, truck drives at crowd of Minneapolis protesters, live updates 13:27

    Rugby:
    The Sunwolves' time in Super Rugby is officially up 13:27

    Living & Travel:
    A humbled Kayla Whitelock after being awarded a Queen's Birthday Honour 13:07

    Law and Order:
    Police are still looking for whoever shot a man in Auckland 12:27

    Motoring:
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    Law and Order:
    Streets in two Auckland suburbs are partially cordoned off after two related incidents 10:57

    Living & Travel:
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    Accident and Emergency:
    It's hoped the bodies of two people who died in a glider crash near Taupo will be recovered today - but it depends on the weather 10:37


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