Yes, I saw this news and I am disappointed that such a large stock exchange that previously was in the top went bankrupt, but unfortunately no one is immune from this and this often happens with exchanges, but in such cases usually the stock exchanges have reserve funds and we will watch the situation to hope for the best.
This kind of event often occurs that exchanges are the target of hackers. Cryptopia was one of the big exchanges we've known for a couple years, but it is unfortunately if the exchange didn't reserve funds for this incident or it couldn't bear the losses anymore. I left some funds in there, not much but could not help recovering it.
The latest news about cryptopia which I think there is a hope for cryptopia account holders is from Grant Thornton. It is one of the world's leading organisations of independent assurance, tax and advisory firms. More details can be found here :
https://twitter.com/GrantThorntonNZ/status/1132815729529479168