An email sent to subscribers on Thursday stated that some of the account holders of Cryptopia, a cryptocurrency exchange based in New Zealand that is being liquidated due to a cyberattack in 2019, will begin receiving their cryptocurrency back.
The email stated that qualifying customers will receive their dogecoin (DOGE) and bitcoin (BTC) back in the following three months as part of the first distribution cycle.
“After the first distribution we will follow the approved process including giving notice of any cut-off dates before distributing to account holders the remaining Bitcoin, Dogecoin and all other cryptocurrencies of sufficient value by the end of 2024,” the message stated.
The distribution plans are a result of a decision made on March 1 in the company’s bankruptcy case, which is being heard by a Wellington, New Zealand, high court.
Instructions on who can and how to make claims were included in the email.
2019 saw the shutdown of Cryptopia due to a $15.5 million theft from the platform. The platform was hacked once more in 2021, when it was being liquidated. This time, a former employee took $170,000 in cryptocurrency from a wallet connected to the network.
Users whose money was taken as well as account holders who paid for “hack recovery costs” could receive any recovered cryptocurrency.
“The Liquidators and Cryptopia can use the assets recovered by the FBI for further tracing and recovery actions,” the message said.