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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
5 mins to read

‘Disruptive and unsatisfactory’: judge criticises Cryptopia claim

Collapsed crypto exchange’s liquidators want answers on how an entity linked to Cryptopia Rescue member Victor Cattermole obtained email addresses.

Key points
  • What’s at stake: Christchurch businessman Victor Cattermole has written to account holders of a collapsed cryptocurrency exchange trying to buy their rights to distribution.
  • Background: Christchurch-based Cryptopia collapsed in May 2019 after about $30 million of cryptocurrency was stolen from its exchange.
  • Main players: Cryptopia, Justice Matthew Palmer, Victor Cattermole, Grant Thornton, David Ruscoe, Russell Moore. 

A High Court judge has criticised the actions of Cyrptopia Rescue member Victor Cattermole as the liquidators of collapsed cryptocurrency exchange Cryptopia seek directions on how to distribute the company’s assets.

And liquidators have sought to examine Cattermole under oath to determine how he

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Hamish McNicol Wed, 15 Nov 2023
Contact the Writer: Hmcnicol@nbr.co.nz
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Key points
  • What’s at stake: Christchurch businessman Victor Cattermole has written to account holders of a collapsed cryptocurrency exchange trying to buy their rights to distribution.
  • Background: Christchurch-based Cryptopia collapsed in May 2019 after about $30 million of cryptocurrency was stolen from its exchange.
  • Main players: Cryptopia, Justice Matthew Palmer, Victor Cattermole, Grant Thornton, David Ruscoe, Russell Moore. 
‘Disruptive and unsatisfactory’: judge criticises Cryptopia claim
Law,
101688
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