{"id":20047,"date":"2019-05-28T14:47:44","date_gmt":"2019-05-28T14:47:44","guid":{"rendered":"http:\/\/ci027cfe6de00326c3"},"modified":"2019-05-28T14:47:44","modified_gmt":"2019-05-28T14:47:44","slug":"cryptopia-turns-us-court-account-holder-data-protection","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/cryptopia-turns-us-court-account-holder-data-protection","title":{"rendered":"Cryptopia Turns to a U.S. Court for Account Holder Data Protection"},"content":{"rendered":"
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In the latest development over its security breach, cryptocurrency exchange Cryptopia<\/a> has filed for bankruptcy protection in the U.S.<\/p>\n

The New Zealand-based exchange, which has been dealing with the fallout of a January 2019 hack, went into liquidation and stopped all trading earlier this month. Cryptopia’s assigned liquidator, Grant Thornton, then petitioned<\/a> the Southern District of New York\u2019s bankruptcy court to seek recognition of this liquidation and protect exchange data stored on servers by a firm in Arizona.<\/p>\n

Per a report from Bloomberg<\/em><\/a>, the unnamed firm had terminated its agreement with Cryptopia and was seeking $2 million in compensation for its services. Cryptopia’s liquidators secured the bankruptcy<\/a> order from the Southern District of New York, ensuring that the firm’s data are intact through a provisional relief that will last until June 7, 2019.<\/p>\n

\u201cThe interim order preserves the Cryptopia data, which includes a SQL database containing all account holders\u2019 individual holdings of cryptocurrencies and the account holder contact details,\u201d the update from Grant Thorton reads. \u201cWithout this information, reconciling individual holdings with the currencies held by Cryptopia will be impossible.\u201d<\/p>\n

This development closely follows news that Cryptopia\u2019s founder has launched a new exchange<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Defunct cryptocurrency exchange Cryptopia has received interim protection for user account data stored in Arizona.<\/p>\n","protected":false},"author":3435,"featured_media":20048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[402,357,3088],"class_list":{"0":"post-20047","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-data","9":"tag-exchanges","10":"tag-new-zealand"},"author_data":{"id":3435,"name":"Jimmy Aki","nicename":"jimmy-aki","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/jimmy-aki-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/founder-of-defunct-cryptopia-launches-new-crypto-exchange.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3435"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20047"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/20048"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}