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Cryptopia Updates

According to Cointelegraph, in a press release published on Aug 21, Cryptopia’s liquidator claims to “have made good progress towards securing and preserving Cryptopia crypto-asset holdings for the benefit of those entitled to them.” Per the release, there are two reasons why determining the holdings of the exchange’s clients is taking so long.
The firm explains that customers did not have individual wallets and their funds were pooled together, as the exchange kept details of customer holdings in its database. As a consequence of this design, it is purportedly impossible to determine individual ownership using only wallet keys.

 

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