UPDATES FOR CRYPTOPIA CLIENTS. THERE IS LIGHT IN THE HORIZON.

in cryptopia •  5 years ago 

What happens next

While our reconciliation process is progressing well, we still require direction from the New Zealand courts before we can return crypto-assets to customers. The information outlining the legal process included in the last communication is still current and is set out below.

We continue to liaise with our legal advisors about the legal status of crypto-assets, the legal relationship between Cryptopia and its customers, and to determine how crypto-assets could be returned to customers.

We have certain legal requirements and obligations in New Zealand and internationally that liquidators must meet, such as Anti Money Laundering/Know Your Client (AML/KYC) requirements when considering any repayment or return of assets.

The KYC process cannot be avoided, as it is a legal requirement in New Zealand. Before returning crypto-assets we will correspond with customers about how this process will be completed. Please note, customers who have previously completed the KYC process with Cryptopia will still need to go through the process set by us.

Anyone who did not complete KYC while the exchange was open will also be given the opportunity to confirm their identity...
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i was lucky to get some of my funds from there

I got all my SmartCash our three days before the hack 😳 Yeah, we are very lucky 😊