Post
Topic
Board Service Announcements
Re: Cryptopia Cryptocurrency Platform Services and Development
by
Labrader
on 24/12/2019, 19:06:08 UTC
After this second report, the question I put forward many months ago is still solid: WHY did they liquidate? There seems to be no reason for a judge to grant them the protection:
- there's plenty of cash available, the wages were paid in full and the outstanding debt to creditors is less than what's available
- most of the wallets were online so the business was up and running
- they wasted 800k on fees that could have covered wages for many months

It's not necessary for a business to enter this kind of liquidation when there's cash available. Instead they could have simply paid all debts and shut down on their own. Nothing seems to justify what they did with this GT fellows.

It's very fishy.