Post
Topic
Board Service Announcements
Re: Cryptopia Cryptocurrency Platform Services and Development
by
cestmoi
on 15/05/2019, 08:10:57 UTC
So CEFS(Cryptopia fee shares) just go zero?

Very likely as those would be unsecured creditor.


However if you have coins, they shouldn't sell your coins to pay debts.


Like if you rent a box to store your shit.
Even if the company behind the box rental goes down, they don't open and sell the content of the box to repay the debts.

They will however sell all the assests owned by the company to pay the debts and reimburse the clients that got their funds stolen

They should have let client that were not impacted to withdraw their funds, not all coins were stolen only a few type of coins were (ETH + ERC20 + a few others). 

VEry poorly managed !