New Zealand Courts Deny Collective Legal Representation for Cryptopia Account Holders
Wellington, New Zealand, Nov. 03, 2023 (GLOBE NEWSWIRE) -- In a recent development, New Zealand courts have ruled that account holders affected by the Cryptopia hack and subsequent liquidation will not be granted collective legal representation.
- Wellington, New Zealand, Nov. 03, 2023 (GLOBE NEWSWIRE) -- In a recent development, New Zealand courts have ruled that account holders affected by the Cryptopia hack and subsequent liquidation will not be granted collective legal representation.
- This decision has sent shockwaves through the legal and cryptocurrency community, leaving hundreds of thousands of account holders to navigate the expensive and complex legal process individually if they want their coins back.
- Alarmingly, only 4% of account holders have successfully completed the verification process, leaving the majority of affected individuals in a state of uncertainty and financial distress.
- Despite the court's decision to deny collective legal representation, Cryptopia account holders are showing resilience by seeking alternatives to secure their assets.