Cryptopia exchange makes exit scam official
May 15, 2019 —
shinohai
New Zealand based cryptocurrency exchange Cryptopia is closing up shop and beginning "liquidation proceedings" a.k.a. SFYL. Trading is suspended (again!) and the website contains only a press release this morning, which reads:
15/05/2019 David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was, in the best interests of customers, staff and other stakeholders. The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended. "Given the complexities involved we expect the investigation to take months rather than weeks." The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations. Grant Thornton will be contacting all customers and suppliers about its appointment in the next few days. Further enquiries, please email liquidation@cryptopia.co.nz
The final tally of the SFYL from this long-running shitcoin trade hub will be reported in a later post.
Tags: News, Bitcoin, Cryptocurrency, Lulz, Webshit
