Grant Thornton, the firm liquidating hacked New Zealand cryptocurrency exchange Cryptopia, has discussed how best to do so with the platform's developers.
Grant Thorton aims for "Collaborative relationship".
According to a leaked email from Grant Thornton originally dated Sept. 23, its executives planned to conduct an online meeting for the developers on Oct. 7.
"Given the scale, complexity and unique nature of the Cryptopia situation it is desirable to develop a collaborative relationship with the developer community."
The move marks the latest step in reimbursing the exchange's clients, who lost around $4.2 million in total after the hack last January.
In August, preparations were already underway to determine wallet ownership, with the liquidation process facing various hurdles nonetheless.
According to Grant Thornton, Tuesday's meeting aimed to explain the liquidation process to the developers and ask for their assistance going forward.
"We believe engagement is a vital element to the overall success of the liquidation and a positive message for the crypto community at large."
The hack is somewhat smaller in scale than 2019's other major exchange breaches.
Binance has reimbursed users automatically for $41 million stolen in May while defunct Canadian platform QuadrigaCX is mired in scandal over the loss of close to $200 million.
Cryptopia Exchange Liquidator Asks Its Devs How to Reimburse Users
gepubliceerd op Oct 8, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.