Exchange Reveals Role in the Cryptopia Rescue Group

The world-class trading platform, Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers.’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue redistribution plan.

Back in January 2019, the New Zealand cryptocurrency trading platform Cryptopia Exchange suffered a major breach and it affected 2.3 million account holders from all around the world. Estimates note that roughly $860 million worth of cryptocurrency was held on the exchange before the hack. is pleased to announce that our exchange will assist a rescue program dedicated to helping Cryptopia account holders. Exchange Reveals Role in the Cryptopia Rescue Group Exchange has joined a consortium called the “Cryptopia Rescue” program, and it will produce a platform to distribute coins to Cryptopia Exchange Account Holders. The group formed in order to create a class action against the Liquidator, Grant Thornton.

Victor Cattermole, a Cryptopia Rescue spokesperson said:

The liquidator was proposing to write off more than 50% of the coin holdings. In our alternative plan, we have established a relationship with to provide an exchange environment to emulate the Cryptopia model so that all coins can be redistributed.

Currently, the Cryptopia Rescue team is working to connect with as many account holders as possible. The plan is to do everything possible to provide the best resolution to Cryptopia’s former customers. Since launching on September 2, 2019, the premier Exchange has provided customers with a professional trading engine combined with top-of-the-line security practices.

Speaking about joining the Cryptopia Rescue effort, Danish Chaudhry, CEO of Exchange explained the exchange team looks forward to helping the crypto community.

“We take this role very seriously within the consortium,” Chaudhry stressed. “[ Exchange] will do everything we can as a united group to provide the best-in-class platform to redistribute Cryptopia account holders their coins via our exchange,” he added.

There are five limitations Cryptopia Exchange Account Holders need to take into account.

  • The Cryptopia trustee is independent of Exchange.
  • Claim information is stored only on the trustee’s servers, not on Exchange’s servers.
  • Claim information is private between clients and the trustee.
  • Exchange is not involved in approving or denying claims.
  • Exchange does not determine when claims are distributed.

When the Cryptopia Exchange trustee completes the claim approval process and selects a distribution date, a provided payout support plan for distribution may be added. Customers that have any questions or issues with the Cryptopia claim process will need to contact Cryptopia support.

What do you think about the Exchange providing support to Cryptopia account holders? Let us know what you think about this subject in the comments section below.

Tags in this story Exchange, claims, Crypto exchange hack, Cryptocurrency, Cryptopia Exchange Account Holders, Cryptopia Rescue, Cryptopia Rescue Group, Danish Chaudhry, Grant Thornton, liquidator, Promoted, redistribution, support, Victor Cattermole

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptopia Logo, Exchange, Logo,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

(Excerpt) Read more Here | 2020-10-30 21:41:05
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