Liquidation of New Zealand crypto exchange reaches NYC bankruptcy court – The Block Crypto

Quick Take

• Cryptopia, a New Zealand based crypto exchange, filed for liquidation after suffering a serious hack and failing to recover the stolen assets
• The exchange stored its customer data with Arizona-based company PNAP, but after liquidation, did not receive satisfactory assurance that the data would remain secure without payment
• Cryptopia filed a Motion for Recognition and Emergency Motion for Provisional Relief, which the court granted, calling for the exchange to pay PNAP for two months of services in exchange for a temporary restraining order