New Zealand-based crypto exchange Cryptopia was likely in breach of its compliance obligations in the run up to being hacked.
Now known as Dragon Payments, LBX has long been reported to be in financial struggles and now, it’s been officially placed in compulsory liquidation by the U.K
BCause had filed for reorganization but its creditors asked the court to turn it into liquidation. It will lay off 27 full-time employees.
Grant Thornton, which was appointed to manage the liquidation, confirmed it had difficulty in obtaining data from Cryptopia servers.