Cryptopia Cryptocurrency Platform Services and Development - page 122.

trackers

jr. member

Activity: 54

Merit: 2

Quote from: almightyruler on January 23, 2019, 06:08:39 PM

Quote from: Winstar78 on January 23, 2019, 05:54:19 PM

https://web.archive.org/web/20190113164519/https://www.cryptopia.co.nz/Home/Terms#12

paragraph 12

See 12.1(c)

"Nothing in these Terms is intended to limit any rights or remedies a User may have under the Fair Trading Act 1986 or the Consumer Guarantees Act 1993."

And 18.4(a)

"You agree to use our service in accordance with the law in New Zealand and the applicable law in your jurisdiction. Where any of these Terms does not meet the minimum requirement of the law, those terms and conditions are deemed to be amended to the extent of compliance."

Seems like boilerplate lawyer-speak to me: these are our terms, but some of them 'may' be overridden by law, and it's solely up to you (or perhaps the courts) to determine what is or isn't valid.

Regardless, I doubt that a company could legally limit their liability to repay funds held on behalf of customers. Otherwise, they could just close up shop and keep the difference.

The Acts mentioned are the standard consumer protection acts in New Zealand; those clauses are just saying they cannot contract out of the provisions provided by law (which for these laws in particular is correct)

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: Winstar78 on January 23, 2019, 05:54:19 PM

https://web.archive.org/web/20190113164519/https://www.cryptopia.co.nz/Home/Terms#12

paragraph 12

See 12.1(c)

"Nothing in these Terms is intended to limit any rights or remedies a User may have under the Fair Trading Act 1986 or the Consumer Guarantees Act 1993."

And 18.4(a)

"You agree to use our service in accordance with the law in New Zealand and the applicable law in your jurisdiction. Where any of these Terms does not meet the minimum requirement of the law, those terms and conditions are deemed to be amended to the extent of compliance."

Seems like boilerplate lawyer-speak to me: these are our terms, but some of them 'may' be overridden by law, and it's solely up to you (or perhaps the courts) to determine what is or isn't valid.

Regardless, I doubt that a company could legally limit their liability to repay funds held on behalf of customers. Otherwise, they could just close up shop and keep the difference.

Winstar78

member

Activity: 365

Merit: 14

https://web.archive.org/web/20190113164519/https://www.cryptopia.co.nz/Home/Terms#12

paragraph 12

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: Winstar78 on January 23, 2019, 04:33:13 PM

looks like according to the terms of service cryptopia's maximum rembursement to an user for cryptopia's faults is $ 5000 (i think NZD)

Link? Terms and conditions generally cannot override (local jurisdiction) law, so if it turns out that funds were lost through gross negligence or some other corporate no-no then I doubt these limits would apply. Such a limit sounds more like additional compensation (say, via legal action) rather than a hard limit on customers accessing their own funds?

Winstar78

member

Activity: 365

Merit: 14

looks like according to the terms of service cryptopia's maximum rembursement to an user for cryptopia's faults is $ 5000 (i think NZD)

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: pinoycash on January 23, 2019, 10:12:09 AM

https://www.stuff.co.nz/business/110099560/police-investigators-call-on-overseas-experts-meet-with-cryptopia-staff

Wasn't this the same newspaper that sensationally reported that Police "stormed" the offices of Cryptopia?

The stuff.co.nz article says,

"Elementus identified the currencies, their value, and the exchanges where they have been traded. Bitcoins were not involved, with the main cryptocurrencies being ethereum, oyster pearl, and dentacoin"

...however the Elementus article clearly says,

"We have not examined the Bitcoin blockchain or other blockchains"

Sloppy.

DenysM

full member

Activity: 714

Merit: 118

Police making progress in crypto-currency investigation
http://www.police.govt.nz/news/release/police-making-progress-crypto-currency-investigation
I worry that the exchange for more than a week does not give any news/updates. I think that they have some kind of fund and they must return some of the stolen money. Hoping for the best. This is one of the oldest exchanges and I hope he will return.

RafalZ

jr. member

Activity: 60

Merit: 1

Because probably everything is gone

DADIBLAND

sr. member

Activity: 340

Merit: 250

And what about the other currencies
Why they do not allow members to access their accounts

Lind

member

Activity: 334

Merit: 27

https://www.reddit.com/r/Cryptopia/comments/aib9ic/on_the_hack/ - Read this.

"After Cryptopia discovered the hack, they watched the funds continue to flow out of their wallets for four more days, seemingly powerless to stop it. As these wallets were not smart contracts, there should have been no technical complications preventing Cryptopia from securing the funds. The only plausible explanation for Cryptopia's inaction is that they no longer had access to their own wallets."

Larsin

full member

Activity: 271

Merit: 100

Who knows what financial reserves the company has? Someone threw the news that it received a million profits a day.I would like to get at least half of my amount, but with such news it becomes quite sad.

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

Quote from: pinoycash on January 23, 2019, 10:12:09 AM

Is this the end?
Analysts have calculated the extent of unauthorized cryptocurrency transfers at Christchurch-based Cryptopia at more than $23 million

https://www.stuff.co.nz/business/110099560/police-investigators-call-on-overseas-experts-meet-with-cryptopia-staff

Is it really harder to issue an statement. A simple - Hey! Stay put we are patching up and coming back live shortly

Just an FYI - that's 23 million New Zealand dollars, or, $16M US$

Quote

Analysis of what happened has been published by a blockchain software company based in New York called Elementus whose analyst, Max Galta, estimated the unauthorised transfers were valued about US$16m (NZ23m).

(Try to be a bit clearer when quoting please)

Further reading on those $16M worth of Tokens stolen can be found here: https://elementus.io/blog/cryptopia-hack-transparency/

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

Quote from: Winstar78 on January 23, 2019, 10:05:08 AM

Quote from: RivAngE on January 23, 2019, 07:35:09 AM

Okay I think I found the Cryptopia's BTC wallet. My deposit there is kinda old and I can't recall 100% if it's the address I deposited was Cryptopia's or another exchange's, but I traced the movement and since the wallet's movements stopped on 14th January I'm 99% sure it's Cryptopia's.

This is their wallet: 3ALZ4ALw2T4jebXXUy8GMv2rLB7JpFL1JD

After many hops between 1-use addresses, I find a big amount of funds consecrated here: 12YBZCaPe45LFbvgYWP5AVm3pvZTtHTiNY
This was a new address created on 13th January.
It seems that after gathering BTC from different Cryptopia's wallets, summing 392.31 BTC, they sent a "test" transaction of 3 BTC on 14th January and 10 minutes later they sent all the amount to the same address.

From that point on, it seems like the funds were split to multiple addresses, probably many of which are exchanges.

Your thoughts? Anything I missed maybe?

I can provide transactions towards my cryptopia deposit address if some1 is interested. now that address is empty.

if you're right, other 14M$ in BTC have been stolen? I had 99% of my funds in BTC.

I think bankruptcy is right out there.

The $14M in BitCoin above and this $13M from ETH (tokens) listed on this page: https://www.reddit.com/r/Cryptopia/comments/ag75rs/cryptopia_hack_analysis_min_13000000_stolen/ plus a few other cryptos ( LTC $1M https://bitcointalksearch.org/topic/m.49253290 ) - ( not to mention any other Coin not listed yet) we're looking at $28M confirmed and probably ~ $30M all up.

pinoycash

hero member

Activity: 1316

Merit: 514

Is this the end?
Analysts have calculated the extent of unauthorized cryptocurrency transfers at Christchurch-based Cryptopia at more than $23 million

https://www.stuff.co.nz/business/110099560/police-investigators-call-on-overseas-experts-meet-with-cryptopia-staff

Is it really harder to issue an statement. A simple - Hey! Stay put we are patching up and coming back live shortly

Winstar78

member

Activity: 365

Merit: 14

Quote from: RivAngE on January 23, 2019, 07:35:09 AM

Okay I think I found the Cryptopia's BTC wallet. My deposit there is kinda old and I can't recall 100% if it's the address I deposited was Cryptopia's or another exchange's, but I traced the movement and since the wallet's movements stopped on 14th January I'm 99% sure it's Cryptopia's.

This is their wallet: 3ALZ4ALw2T4jebXXUy8GMv2rLB7JpFL1JD

After many hops between 1-use addresses, I find a big amount of funds consecrated here: 12YBZCaPe45LFbvgYWP5AVm3pvZTtHTiNY
This was a new address created on 13th January.
It seems that after gathering BTC from different Cryptopia's wallets, summing 392.31 BTC, they sent a "test" transaction of 3 BTC on 14th January and 10 minutes later they sent all the amount to the same address.

From that point on, it seems like the funds were split to multiple addresses, probably many of which are exchanges.

Your thoughts? Anything I missed maybe?

I can provide transactions towards my cryptopia deposit address if some1 is interested. now that address is empty.

if you're right, other 14M$ in BTC have been stolen? I had 99% of my funds in BTC.

I think bankruptcy is right out there.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Okay I think I found the Cryptopia's BTC wallet. My deposit there is kinda old and I can't recall 100% if it's the address I deposited was Cryptopia's or another exchange's, but I traced the movement and since the wallet's movements stopped on 14th January I'm 99% sure it's Cryptopia's.

This is their wallet: 3ALZ4ALw2T4jebXXUy8GMv2rLB7JpFL1JD

After many hops between 1-use addresses, I find a big amount of funds consecrated here: 12YBZCaPe45LFbvgYWP5AVm3pvZTtHTiNY
This was a new address created on 13th January.
It seems that after gathering BTC from different Cryptopia's wallets, summing 392.31 BTC, they sent a "test" transaction of 3 BTC on 14th January and 10 minutes later they sent all the amount to the same address.

From that point on, it seems like the funds were split to multiple addresses, probably many of which are exchanges.

Your thoughts? Anything I missed maybe?

krysta11

sr. member

Activity: 288

Merit: 253

Quote from: RivAngE on January 23, 2019, 06:45:22 AM

I don't understand why hasn't the community found out if Cryptopia's BTC wallets have been emptied as well or not.

I hadn't deposited or withdrew any BTC recently and I don't think I can find my last transaction with Cryptopia and track it, but I'll try it.
Wouldn't someone else have it traced and found their BTC addresses though?

It's one of hot BTC Cryptopia wallets(possible old)
https://chainz.cryptoid.info/btc/wallet.dws?55139810.htm

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

I don't understand why hasn't the community found out if Cryptopia's BTC wallets have been emptied as well or not.

I hadn't deposited or withdrew any BTC recently and I don't think I can find my last transaction with Cryptopia and track it, but I'll try it.
Wouldn't someone else have it traced and found their BTC addresses though?

psycodad

legendary

Activity: 1612

Merit: 1608

精神分析的爸

Quote from: Larsin on January 23, 2019, 05:14:33 AM

Tell me please, is there anything heard about tether? I ~~have~~ had 3,000 of them there Cry

TFTFY

P.S.: Not making fun of your loss just pointing out the facts. I myself ~~have~~ had ~0.35 BTC in alts, BTC and LTC in topia when they went dark.

Larsin

full member

Activity: 271

Merit: 100

Tell me please, is there anything heard about tether? I have 3,000 of them there Cry

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