The largest New Zealand cryptocurrency exchange Cryptopia which suffered a security breach on January 14th, 2019, now owes its creditors over $2.7 million, Finance Magnates reports citing the exchange's liquidators report.
As it states, the exchange owes approximately $1.37 million to 69 unsecured creditors. Moreover, the exchange owes over $912,000 to its two large secured creditors — Dell NZ and Coca Cola Amatil, with an expected deficit of $1.63 million.
Cryptopia also owes $207,000 for outstanding salaries and holiday pay to its workers, Finance Magnates reported.
Earlier this month, the exchange announced it initiated the liquidation process and pointed David Ruscoe and Russell Moore from Grant Thornton New Zealand as liquidators of the exchange. Previously, the exchange reported it had suffered a security breach which resulted in "significant losses."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.