Cryptopia Begins Major Cryptocurrency Refund to Users

According to PANews, the now-defunct New Zealand cryptocurrency exchange Cryptopia has initiated the return of digital assets worth approximately 400 million New Zealand dollars (around 225 million USD) to 10,000 verified account holders. This marks the first significant reimbursement since the platform suffered a 15 million USD hack in 2019. The liquidation team at Cryptopia has been working diligently to reconstruct the compromised exchange and verify the transaction records of nearly 960,000 users. As a result, they have commenced the distribution of assets, including Bitcoin and Dogecoin, to affected users. Additionally, a planned supplementary allocation will allow for the redistribution of 'unclaimed assets' from accounts that have not registered claims, potentially enabling account holders to receive up to 100% reimbursement of their holdings. Further user verifications and distribution plans are scheduled to continue into the next year.