Collapsed cryptocurrency exchange Cryptopia owes more than $4.2 million to creditors including former employees. The company owed employees $318,000 for outstanding wages and holiday pay, but a further $271,808 unsecured debt to employees was also owed. The liquidator's report said it expected the number of unsecured creditors would rise. READ MORE:* Cryptopia liquidated* Cryptopia about to reopen web site as 'read only'* Police dispute claims more cryptocurrency taken from Cryptopia* Unauthorised transfers from Cryptopia estimated at $23mThe report placed an unknown value on its cryptocurrency assets. The liquidator's report showed it had entered into a number of long term, high cost contracts to pay for infrastructure.

Source: Stuff May 31, 2019 08:09 UTC