Cryptopia Cryptocurrency Platform Services and Development

gigoplast

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Quote from: bias on January 04, 2025, 01:35:14 PM

Quote from: JollyGood on December 25, 2024, 05:22:32 PM

If they have decided to wind up the trust by September 2025, that should mean their investigations are complete but I did not read anything about them getting possession of all crypto that was traced. Does anybody have any information about it?

No, it doesn't mean that because it's a different matter and case. Regardless of whether the hackers/ thieves have not been found, the process of returning the money from the liquidation of Cryptopia had to be done. No one knows how long it will take to find those responsible for the theft. What is certain is that the authorities will not stop looking for him/ them.

There is a big mess there with the server archive need to be solved , in my situation i had just a few coins with determined balances i don't get infected with January Hack even on Mars i downloaded all my coins value in csv format . I had to accept the faulty balances [1/3 of my coin balance value] witch been given by Grant Thornton to accelerate the process of my account and the problem was me i encrypt the downloaded csv balance and forget the passcode .
My Original balance valuate 3 times when They went To Liquidation .
In my Knowledge Grant Thornton has Clarify their statement and budgets for each operations and employees .. , under those there was Engineering Technicians Cyber-crimes .
They ask people (account holders) in some cases to proof their balances by "Withdraws or CSV,XML,PDF.." Downloaded from Marsh 2019 When the Cold-storage period was.
i do have right to Dispute their Balances and ask a service from their ' Engineering Technicians Cyber-crimes ' to read or analyses all my activities on the server from the registred-date or even on the Cold-storage Period.
i do have right to complain because my process to recover my coin back was not achieved and they didn't send an invite for btc/doge wallet yet , maybe because i was in touch with them @ "ZenDesk" in several time complaining for my case .
Technically the server has a system to handle users Transaction Transfer Sell & Bid .

My QUESTION :
How Can We Get or Gain a Custom Services By Them on Technical user data from the Server ?
https://ibb.co/Lvq3pCN

bias

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Quote from: JollyGood on December 25, 2024, 05:22:32 PM

If they have decided to wind up the trust by September 2025, that should mean their investigations are complete but I did not read anything about them getting possession of all crypto that was traced. Does anybody have any information about it?

No, it doesn't mean that because it's a different matter and case. Regardless of whether the hackers/ thieves have not been found, the process of returning the money from the liquidation of Cryptopia had to be done. No one knows how long it will take to find those responsible for the theft. What is certain is that the authorities will not stop looking for him/ them.

JollyGood

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This is an important development. Th Cryptopia victims did nothing wrong, they did not deserve to have to go through the suffering of losing access yo their stored funds. I hope they all get back an amount that is acceptable to them.

If they have decided to wind up the trust by September 2025, that should mean their investigations are complete but I did not read anything about them getting possession of all crypto that was traced. Does anybody have any information about it?

Quote from: ovcijisir on December 25, 2024, 08:22:49 AM

I received new e-mail today, if someone is not registered on claims portal and had funds there, register asap before cut off date.

ovcijisir

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🐪

I received new e-mail today, if someone is not registered on claims portal and had funds there, register asap before cut off date.

Full e-mail below:

Code:

Notice to account holders
Cryptopia Limited (in Liquidation) – Important Notice for Account Holders to register claims before soft cut-off date

1. The liquidators of Cryptopia Limited (in liquidation) provide this notice to account holders (You) about the need to register your claim in the Cryptopia claims portal by 31 March 2025 (the Soft Cut-off date). Note this soft cut-off only applies to those who remain unregistered on the claims portal, if you have at least registered an account on the claims portal this cut-off will not be applicable to you.

Background
2. In January 2019, the Cryptopia exchange was hacked. Cryptopia closed after the hack, re-opened for a short period, and was then placed into liquidation in May 2019.
3. On 8 April 2020, the High Court of New Zealand held that Cryptopia held the cryptocurrency on trust for the benefit of account holders. A separate trust was held to exist in respect of each coin type.
4. The liquidators have undertaken significant work in securing, reconciling and administering the cryptocurrency held on trust for account holders (Cryptocurrency). On 31 July 2023 the liquidators filed an application with the High Court for directions as to distribution to account holders. Judgment was given on 1 March 2024 by Justice Palmer. The orders can be found [here].

Distribution process
5.The liquidators will conduct a phased distribution process.

Interim Distribution
6.The liquidators have already undertaken a distribution to a subset of account holders. In August 2024, account holders who had registered and accepted their balance in the BTC and DOGE trusts with a holding of more than NZD200 were invited to participate in the Interim Distribution. Actual distributions began in December 2024. The liquidators distributed a maximum of 90% of those account holders' cryptocurrency holdings. Cryptocurrency was transferred via a wallet-to-wallet transfer.

Phase One Distribution
7. This phase is open to all eligible account holders. To be eligible for a distribution an account holder must:
(a) Be in a trust (coin type) that has sufficient value.
(b) Have an account balance equivalent to or greater than their cost allocation.
(c) Have registered their claim in the Cryptopia claims portal before 31 March 2025.
(d) Have completed identity verification and completed the balance acceptance / dispute process in the Cryptopia claims portal.

8. Eligible account holders will, after 31 March 2025 receive a notice in the Cryptopia claims portal advising them of the amount that will be deducted from each of their holdings for trust administration costs. Eligible account holders will then receive a distribution of their holdings, less a deduction of allocated trust administration costs. Distribution will be done via a wallet-to-wallet transfer.

Effect of not registering by 31 March 2025
9. If as an account holder you have not registered your claim in the Cryptopia claims portal by 31 March 2025, then:
(e) The liquidators can proceed as if you are not a beneficiary, per orders from the New Zealand High Court.
(f) Cryptocurrency that cannot be attributed to an account holder who has registered a claim in the Cryptopia claims portal will be considered unclaimed holdings.
(g) After 31 March 2025, the liquidators will use any unclaimed holdings in a trust to cover trust administration costs for that trust. Eligible account holders will only be allocated trust administration costs if there is not sufficient value in the unclaimed holdings to bear all administration costs of the trust.

10. Nothing prevents claims from being received, considered and resolved after the passing of 31 March 2025. If you, as an account holder, register a claim after 31 March 2025 you would still receive a distribution, but only if there is still cryptocurrency in the relevant trust(s) after trust administration costs have been removed. It is possible that, if you do not register your claim, some or all of your cryptocurrency will be used to cover trust administration costs and may not be available to be distributed to you.

Phase Two Distribution
11. The Final Cut-Off Date for all claims will be 30 September 2025. After this date, the liquidators will wind up the trusts.

12. At this time, the liquidators may be able to conduct a further distribution if:
(h) There are account holders who have started the claims process but abandoned it.
(i) Trust administration costs are less than anticipated, and the trusts will need to be reimbursed.
(j) The liquidators are able to recover some of the Cryptocurrency stolen in the January 2019 hack.

13. The liquidators will issue a further notice to account holders closer to the time.

Distribution details
Cryptocurrency Entitlement Date
14. The entitlement of each account holder to your respective Cryptocurrency is calculated as at 14 May 2019.

Review process
15. There is a review process available for account holders who wish to dispute their balance.

16. You may make a claim with supporting evidence. The liquidators may accept that claim. If the liquidators reject the claim in whole or in part, the liquidators must prepare a written statement of reasons for doing so and send it to the account holder (you) within 20 days.

17. If you are dissatisfied with the liquidators' decision, you may, at any time up until the final cut-off date of 30 September 2025, request a review to determine if the decision should be reversed or varied.

18. Details of the review process (which has been sanctioned by orders of the High Court) will be available in the Cryptopia claims portal.

19. This review process does not extinguish your legal right to prove your claim in the New Zealand High Court.

Low / no value trusts & low account balances

20. The liquidators will not make distributions for coins in trusts that have no or low realisable value and cannot bear all of the costs of trust administration. The liquidators will assess realisable value of each trust first at 31 March 2025 before the Phase One Distribution, and will continuously review realisable values before making distributions.

Countries where it is unlawful to hold or transact cryptocurrencies

21. If you live in a country where it is or may be unlawful to own, hold or transact cryptocurrencies, then the liquidators will not make distributions to you in a cryptocurrency. Instead, in order to receive a distribution, you will be required to provide details of a bank account. The liquidators will pay you a fiat currency equivalent value of your entitlement, less any additional costs associated with paying you in fiat currency. Before payment is made to you, additional information may be required from you to satisfy the liquidators' legal obligations under New Zealand's laws, including its sanctions and anti-money laundering and countering funding of terrorism laws.

Post-appointment deposits

22. Deposits of cryptocurrency were made to Cryptopia wallet addresses after the appointment of liquidators and while the exchange was offline. Those deposits have not been swept into Cryptopia's wallets and do not form part of the cryptocurrencies held on trust.

23. If cryptocurrency was deposited to your deposit address/account after the date of liquidation (14 May 2019), please contact the liquidators' customer service with proof of the deposit and your payment details. Once the liquidators have verified the deposit, we will arrange for the deposit to be distributed to you. Transaction costs will be deducted from the amount deposited.

24. Please note that the liquidators are not required to take any other steps to return post-appointment deposits, and post-appointment deposits will only be made to eligible account holders

bias

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Quote from: gigoplast on December 22, 2024, 01:47:31 PM

Anyone not receive anything yet?
Like many here, I’ve been following up with all the updates from GT since the hack. Completed all steps, balance confirmation, KYC and etc.. Yet I seem to have not received any communications about transferring my coins.
I didnt receive the wallet_invitation .

i refered Complain in ZenDesk by typing

"""First : total of my balance is faulty :
I have some btc 0.05*btc before my last transfer
Second : the balace contain Half of my recieved Transfer from username "" at some of 0.09*btc i received 0.04*btc
Third : my account not infected with Jannuary hack untel May 2019

i accepted my balance Just to speed up my procces .
Now i Do have Right To recover all my Balances , I didn't WITHDRAW any Coin Just Dodgecoin the amount = 3200Doge in May-2019. in Marsh i downloaded all my balances under csv format but i encrypted and lost the passcode to decrypted & i Am Sure my Btc Balance = 0.05*btc.

At this Point i need Technical Staff to track back all my activity on The Server at the time of COLDSTORAGE-PERIOD (No Trade Just For Tracking Balances) in Marsh 2019 .
Finaly i Expect my balance in BTC = +- 0.14*btc """

Anyone else in the same boat?

Sorry, but your post makes no sense. The whole process is monitored by Grant Thorton and if you followed it as you say, then you should have already been paid (or will be paid very soon) the 1st payment of the balance that you agreed in the first place. Now what you say about how much they kept from you and if you had more than what you said but in the end you didn't have, is nonsense. Since you agreed to the balance they proposed to you, then you won't get anything else.

gigoplast

newbie

Activity: 10

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Anyone not receive anything yet?
Like many here, I’ve been following up with all the updates from GT since the hack. Completed all steps, balance confirmation, KYC and etc.. Yet I seem to have not received any communications about transferring my coins.
I didnt receive the wallet_invitation .

i refered Complain in ZenDesk by typing

"""First : total of my balance is faulty :
I have some btc 0.05*btc before my last transfer
Second : the balace contain Half of my recieved Transfer from username "" at some of 0.09*btc i received 0.04*btc
Third : my account not infected with Jannuary hack untel May 2019

i accepted my balance Just to speed up my procces .
Now i Do have Right To recover all my Balances , I didn't WITHDRAW any Coin Just Dodgecoin the amount = 3200Doge in May-2019. in Marsh i downloaded all my balances under csv format but i encrypted and lost the passcode to decrypted & i Am Sure my Btc Balance = 0.05*btc.

At this Point i need Technical Staff to track back all my activity on The Server at the time of COLDSTORAGE-PERIOD (No Trade Just For Tracking Balances) in Marsh 2019 .
Finaly i Expect my balance in BTC = +- 0.14*btc """

Anyone else in the same boat?

JUmpy14

hero member

Activity: 926

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ok
that s was true i receive my first transaction Cool

bias

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Quote from: JUmpy14 on December 19, 2024, 02:42:37 AM

hey the mail is safe
when i check the adress on "claim portal" it seems to be a fake

If the mail comes from their specific email address, then it's safe 100%.
But what do you mean by "fake" and to which address are you referring? On the "Claim Portal", there is the address that you put for each coin that you held at the time of the hack and their txid from the distribution.

JUmpy14

hero member

Activity: 926

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hey the mail is safe
when i check the adress on "claim portal" it seems to be a fake

monrad

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Quote from: bias on December 18, 2024, 07:27:09 PM

I want to inform that at least the BTC was distributed in the amount/percentage they said. I received an email that the normal distribution has begun, so I logged into the Claim Portal to check it. They have posted the txid along with the Statement of the distribution. Indeed, I check my wallet all good! Cool

Hopefully, they will distribute the rest of the coins soon enough so we can go to the final closure point.

Same here, BTC and DOGE

bias

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Activity: 882

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I want to inform that at least the BTC was distributed in the amount/percentage they said. I received an email that the normal distribution has begun, so I logged into the Claim Portal to check it. They have posted the txid along with the Statement of the distribution. Indeed, I check my wallet all good! Cool

Hopefully, they will distribute the rest of the coins soon enough so we can go to the final closure point.

monrad

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Quote from: Lafu on December 17, 2024, 11:43:35 PM

Anyone who is eligible for a refund from Cryptopia and the liquidators should keep an eye on their addresses that he has insert in the Claims Portal over the next few days.
The reason for this is that the distribution for Users has begun.

On monday there was an Email sended out to a few Testers for Test Transactions.
This is the Email:

Quote

Dear Cryptopia Account Holder,

We are pleased to inform you that the interim distribution process has commenced. This process includes several steps, starting with the “Opt-In” for a test transaction.

Here are the key details:

   - Voluntary Process:
Participating in this test transaction step is voluntary. It involves sending a small amount of cryptocurrency to your submitted wallet address. This allows account holders to confirm the validity of their submitted wallet address.

   - Impact on Balance:
Please note that the amount of the test transaction, along with any associated transaction fees, will be deducted from your overall calculated distribution and balance.

   - How to Opt-In:
To participate, log in to the Claims Portal and use the radio buttons provided to record your response to this optional process. This Opt-In process is only available for 24 hours and if we do not receive a response from you within 24 hours of this email, we will assume you have decided to not opt-in for a test transaction.
- Confirmation and Records:
Upon completion of the test transaction, you will receive a confirmation email. Additionally, a record of this distribution will be available for download from the claims Portal.

   - Post-Test Transaction Window:
Once the test transaction is completed, a 12-hour window will open for participants to contact our customer support team if they wish to request removal from participation in the full distribution.

   - Non-Participation:
Participation in this step is not mandatory. Account holders who choose not to participate will automatically move forward to the full distribution stage, which will occur after the completion of the test transaction. This interim distribution will be paid excluding any transaction fees/gas charged by the network for the completion of this transaction. We encourage all account holders who do not opt-in for a test transaction to login to the claims portal and confirm that the wallet address submitted is correct.

Source : Email from the Liquidators

Since there were no failed test transactions during the test, the liquidators have now started to initiate the repayment.
All those required to do this do not need to do anything else, everything is done automatically and the transactions are carried out.
If there are any issue or problems please contact the Claims Portal Support : https://cryptopia.zendesk.com/

The transactions from the liquidators are sent out in several steps, not all at once.
Dogecoin is first, followed by Bitcoin.
I should also point out that you should wait 24 hours before contacting support (https://cryptopia.zendesk.com/) if something is missing or transactions are missing or have not arrived.

Yeah, I tried the test tx and it worked fine, I got my txs at the addresses I provided. Let's hope they start refunding the whole thing (I think it was 90%) tomorrow.

Lafu

legendary

Activity: 3220

Merit: 3509

Anyone who is eligible for a refund from Cryptopia and the liquidators should keep an eye on their addresses that he has insert in the Claims Portal over the next few days.
The reason for this is that the distribution for Users has begun.

On monday there was an Email sended out to a few Testers for Test Transactions.
This is the Email:

Quote

Dear Cryptopia Account Holder,

We are pleased to inform you that the interim distribution process has commenced. This process includes several steps, starting with the “Opt-In” for a test transaction.

Here are the key details:

   - Voluntary Process:
Participating in this test transaction step is voluntary. It involves sending a small amount of cryptocurrency to your submitted wallet address. This allows account holders to confirm the validity of their submitted wallet address.

   - Impact on Balance:
Please note that the amount of the test transaction, along with any associated transaction fees, will be deducted from your overall calculated distribution and balance.

   - How to Opt-In:
To participate, log in to the Claims Portal and use the radio buttons provided to record your response to this optional process. This Opt-In process is only available for 24 hours and if we do not receive a response from you within 24 hours of this email, we will assume you have decided to not opt-in for a test transaction.
- Confirmation and Records:
Upon completion of the test transaction, you will receive a confirmation email. Additionally, a record of this distribution will be available for download from the claims Portal.

   - Post-Test Transaction Window:
Once the test transaction is completed, a 12-hour window will open for participants to contact our customer support team if they wish to request removal from participation in the full distribution.

   - Non-Participation:
Participation in this step is not mandatory. Account holders who choose not to participate will automatically move forward to the full distribution stage, which will occur after the completion of the test transaction. This interim distribution will be paid excluding any transaction fees/gas charged by the network for the completion of this transaction. We encourage all account holders who do not opt-in for a test transaction to login to the claims portal and confirm that the wallet address submitted is correct.

Source : Email from the Liquidators

Since there were no failed test transactions during the test, the liquidators have now started to initiate the repayment.
All those required to do this do not need to do anything else, everything is done automatically and the transactions are carried out.
If there are any issue or problems please contact the Claims Portal Support : https://cryptopia.zendesk.com/

The transactions from the liquidators are sent out in several steps, not all at once.
Dogecoin is first, followed by Bitcoin.
I should also point out that you should wait 24 hours before contacting support (https://cryptopia.zendesk.com/) if something is missing or transactions are missing or have not arrived.

Lafu

legendary

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Quote from: paramind22 on November 29, 2024, 09:26:37 AM

I still have not been contacted by them even though Lafu said he would intervein and contact them with my details.

You should be write them on the Claims Portal , and ask how are the things and why dont get any Answer or Email about your case.
As i already have written to you the notification to getting an Email was for some reason disabled and got activated again after the Pm from you.
It is possible that you do not have the threshold or requirement Amount for a refund notification Email for the first stage and you get one for the second refund stage.
But please write to the Support via Claims Support Portal.

paramind22

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Activity: 2814

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I still have not been contacted by them even though Lafu said he would intervein and contact them with my details.

monrad

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I gave them my BTC and DOGE address but hadn't received a single coin yet. They are supposed to pay 90% before Dec 31, they have 1 month left. The rest will be paid next year, they have time until Jun 2025.

https://www.grantthornton.co.nz/cryptopia-limited/update-for-cryptopia-claimants-and-stakeholders-20-february-2024/

Lafu

legendary

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Quote from: JollyGood on November 23, 2024, 03:00:51 PM

It is vital that anybody posts any news as soon as they hear about it because there are many Cryptopia victims and there are many observers that would like to see this matter closed after victims have been made whole (or almost whole).

When it is so vital why nobody else try that in a neutral way , mostly all fire against Cryptopia ,
for sure there was some mistakes made but at this time there was intern things between the real owners and an Organistion (Firm) called Intranel.
And at this time as they owned more as 50% of the shares of the Company things started to getting wired.

Quote from: JollyGood on November 23, 2024, 03:00:51 PM

I am sure with Bitcoin within touching distance of $100,000 they would not mind if the alternative would be to receive payments based on rates when Cryptopia collapsed.
I hope you and other victims receive exactly what you hoped for.

For that , that they can change the payments for that it is to late as the Court already determined and decided how the payback will be.
On the first payback when i readed it right there should be around 80% of the Balance you have and the rest will be made in a second one where it should be also possible
to get back other Cryptocoins where the Network is still alive and worth it.

JollyGood

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Quote from: Lafu on November 23, 2024, 02:02:28 PM

I dont know JollyGood , i just posting the News or any Updates here when i get or have some from the Liquidators.
The Law from New Zealand is a bit different as from other countries and as far as i know with Cryptopia its the first Crypto related liquidation case.
Maybe there are some holes in the Law that we dont know and the Liquidators know them , but thats just a guess.

It is vital that anybody posts any news as soon as they hear about it because there are many Cryptopia victims and there are many observers that would like to see this matter closed after victims have been made whole (or almost whole).

Quote from: Not in Town on November 23, 2024, 02:27:41 PM

It's not like anyone was going to be made whole because Cryptopia gave everyone everyone a haircut before going into Liquidation which was something like 15%-20% of your balance converted into an IOU token.

But all things considered I'll be fine once they cash me out. I guess I turned 1.1 BTC into 0.8 BTC - whatever. The real loss is the equity you kept in the company (which they allowed you to convert into saleable tokens long before liquidation) is 100% gone.

How many victims would be upset if they were receiving payments based in USD$ value at the rate calculated today? If they are unable to receive their exact funds from each crypto, I am sure with Bitcoin within touching distance of $100,000 they would not mind if the alternative would be to receive payments based on rates when Cryptopia collapsed. I hope you and other victims receive exactly what you hoped for.

Not in Town

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Quote from: JollyGood on November 22, 2024, 03:48:52 PM

Are there any Cryptopia victims that are happy with the way Grant Thornton have conducted themselves ever since they were appointed as liquidators?

It's not like anyone was going to be made whole because Cryptopia gave everyone everyone a haircut before going into Liquidation which was something like 15%-20% of your balance converted into an IOU token.

But all things considered I'll be fine once they cash me out. I guess I turned 1.1 BTC into 0.8 BTC - whatever. The real loss is the equity you kept in the company (which they allowed you to convert into saleable tokens long before liquidation) is 100% gone.

Lafu

legendary

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Quote from: JollyGood on November 22, 2024, 03:48:52 PM

To be honest, I would have thought they would have charged much more simply by taking advantage of the fact they were holding all the recovered assets in their possession. If they even doubled their charges, who could contest the amount they would be claiming for their costs? The numbers mentioned almost doubled from the first link to the second in the space of a year.

I dont know JollyGood , i just posting the News or any Updates here when i get or have some from the Liquidators.
The Law from New Zealand is a bit different as from other countries and as far as i know with Cryptopia its the first Crypto related liquidation case.
Maybe there are some holes in the Law that we dont know and the Liquidators know them , but thats just a guess.

Quote from: ovcijisir on November 22, 2024, 04:29:50 PM

No one speaks of the funds that will be left after payout process (unclaimed funds, staked funds that were staked for 6 years, airdrops etc?),
I would not be surprised if Grant Thornton claim that. We are probably speaking about hundreds of thousands or even millions worth of tokens.

From what i know and have readed there is something written in the last Update or so what will happen with the unclaimed funds.
But you have to look there as i dont remember and have also to look for it.

Topic: Cryptopia Cryptocurrency Platform Services and Development (Read 174444 times)