Yeb saddly all kind of this and other cases where Exchanges are got hacked or was going into Liquidation are taking and have a longer process.
At least in the Cryptopia process there is some good progress and we getting something back as from other cases sometimes the things are lost.
Interestingly, they did not decide to pay the customers in the fiat amount they had on the day of the liquidation, something like the method used by FTX. In the case of Cryptopia, I believe that it would be even easier to pay out, the price of Bitcoin was much lower and most of the shitcoins were almost worthless.
I believe that with less than 50% of the remaining assets, they would cover all debts to users. At the same time, it would be a mitigating circumstance for them.