Cryptopia: insolvency administrator of the Bitcoin exchange gains access to the US Server

Still customers of Cryptopia have to wait for your Token. The Trustee of the new Zealand Bitcoin exchange has received from the New York bankruptcy court an order, which gave him access to the US Server with data from Cryptopia-granted to customers.

By Christopher clover
28. May 2019BTC$8.652,00 -1.44%part Facebook Twitter LinkedIn xing mail

a notice of the insolvency administrator Grant Thornton show, it goes specifically to contact and account information of Cryptopia customers, the store on the servers of the IT company Phoenix NAP, LLC, in the U.S. state of Arizona.

The provisional Order receives the Cryptopia data, one of which is a SQL database that contains all of the individual crypto-currency holdings of the account holder and the contact details of the account holder. Without this information, it is impossible to single stocks with the Cryptopia held currencies of the vote.

The application of the liquidator goes back to the contract disputes between Cryptopia and Phoenix. The latter have been cancelled as a reaction to the Liquidation Cryptopias the service contract. It is a claim in the amount of 1.9 million dollars for the return of the customer data followed. And, although Cryptopia was in spite of Liquidation, is willing to continue to pay the regular payment of a total of 137,000 dollars.

court speaks the word of Power in the armed Cryptopia vs. Phoenix

The Bitcoin stock exchange, describes in a previous Memorandum that you don't see any basis for the requested $ 1.9 million, and also fear that Phoenix NAP might overwrite the data. This fear of the New was able to satisfy York's judge's decision, at least. Also with regard to the receivables, the Phoenix on Cryptopia is determined, provided the sentence for clarity. Cryptopia will have to pay accordingly, only to the end of the month the amount for the months of may and June, a total of approximately 274.000 US dollars.

The regained access to the Server to serve to the currencies correctly to the customers pay. Until they get back their deposits back, however, is some time to pass. The liquidator asks the customers in the communication, patience:

We assume that the process of data recovery, and determining how distributions may be made to the account holder, at least a few months will take. We understand that this delay is for the account holder will be frustrating. For this reason, we are working to resolve these problems as quickly as possible.

those Cryptopia-for customers who do not belong to the circle of the immediate Hack victims remain, for the time being, Hodler reluctance.

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