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4 Jun 2020 18:20
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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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