Cryptopia bankrupt

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Steve Sokolowski
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Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Cryptopia bankrupt

Post by Steve Sokolowski » Thu May 16, 2019 8:09 am

Cryptopia announced it was filing for bankruptcy this morning.

Cryptopia was the exchange that had the most unique coins of all the exchanges we used. There are about 40 coins on Cryptopia that either have no exchanges trading them now, or which are only traded at Novaexchange, an exchange that does not accept US customers. Chris had been holding off on discontinuing these coins until more information on Cryptopia's future was available.

Chris will be executing the final payouts for these coins within two weeks and removing them from the system. Unfortunately, there are some coins where our entire balance of that coin was at Cryptopia, and there are no exchanges that accept US customers where we can buy the coins we owe. In those cases, which probably account for less than $100 across all customers, the customer will be notified and the losses will unfortunately have to be written off.
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