Almost Zero Probability of Cryptopia to Remit Its Customers
Cryptopia, an exchange located in New Zealand, has announced that it is to be liquidated in a few coming days and it was published in its FAQ ...
[email protected]
Cryptopia, an exchange located in New Zealand, had no hope to cope with the damages of its customers.
This exchange has announced that it is to be liquidated in a few coming days and it was published in its FAQ. After disclosing the news of liquidation according to the court order, the bankrupted exchange informed the customers that it cannot afford remitting the funds hacked from them at least to the time the investigations are complete.
The investigation process should be done by some employees at auditor Grant Thornton along with the management as well as shareholders of Cryptopia which according to the estimations mentioned in FAQ, it will be about some months. They cannot even promise any confirmation about probable return of the assets.
In fact, the main reason for this unsteady economic condition of Cryptopia is the hack itself, as the company claims.
According to its hierarchy of to-do priorities is first securing crypto-assets and estimating the amount of its debts to the customers.
FAQ gives some cautious warnings to the customers explaining that it is almost unlikely to resume the trading, it will not request any confirmation of user details including the customer’ balance; moreover, it cannot assure the customers whether their funds will be in crypto or fiat, in case the condition is suitable to return them.
Among the other limitations declared by FAQ is forbidding the withdrawal whether the coins have been deposited on purpose or accidentally. Inability to accept any reopening account is another limitation which it points to.
Recent events led to some doubts and discontent regarding the real intention of this exchange and some pessimistic views about the future of the customer’s coins among them. Some believe that it was a bad experience teaching them good points to be applied in the future financial affairs in the field of crypto-assets.
Among the remarks the customers addressed is their anger about not being informed about its closure.
Coins International Journal
