After declaring itself as liquidated, Cryptopia is now all set to refund its account holders. However, the liquidators of the firm have filed for User Data Protection in the US court. As per the filing, the firm is appealing to the US that it is preserving the info it has stored on the servers of a firm based out of Arizona. The stored information comprises of a SQL database which holds the contact and crypto holding details of the account holders.

Grant Thornton who handles the liquidation for the company, says that the account holders have to keep patience. The process of recovery and refunding will take around months to finish. Then only amounts will reach out to them. The bankruptcy court of Southern New York has passed a motion. It grants provisional relief to the firm till June 7.

In another interesting news, it was discovered that the founder of Cryptopia is apparently starting a new venture which goes by the name Assetylene. Back in January, Cryptopia was hit by attackers who stole funds worth $16 million. Only a few weeks ago the hackers were spotted moving the funds.