Topic: Cryptopia Cryptocurrency Platform Services and Development - page 21. (Read 173834 times)

I have heard many negative things about this unnamed.exchange and I would never trust them one bit but so far there have been (to my knowledge) no scam accusations against them.

The last time I bothered looking at their exchange I noticed they were using what seems to be Peatio 1.8+ version for their exchange, exactly which crypto they have added and which templates for Peatio they are using I do not know but I do remember them adding many useless and almost worthless coins to their pairs. I was not impressed with website then and I am sure I will not be impressed if I took a look at it now.

It would not surprise me if the exchane was set up with to selective scam first then full scale scam later before closing down with investors losing their funds but right now there is no evidence to support this except the alarm bells that rang during the time several users (including myself) were expressing views of cuation on their self-moderated ANN thread.

Who did you write to?

Now its almost more then 2 weeks I have no reply from any one about my case is this normal or I have to send again an email because feeling may be I miss the train and now they are not going to reply my any email about this issue.

it is called Crypotopia Loser Money-->name says it all 



how about another hack?  

these grand thorn in the ass should be paying us for "stealing funds consultation" LOL!


ever heard of shitcoins? and shitcoin devs making shitcoins to scam money and then make another shitcoin and scam again?

well welcome to the age of shit exchanges-ONLY MADE TO STEAL USER FUNDS "IN DUE TIME"  

Please elaborate on unnamed.exchange and why you say it is a scam.

if you want to lose your coins as tens of thousands of other users from Cryptopia and Tradesatoshi, then you can use this fraudulent exchange unnamed.exchange. The organizers are the same scammers, but these idiots feel absolutely unpunished and laugh at users  but they dont take into account one detail that for everything in this life you will have to pay sooner or later, nothing goes unpunished.

Be careful!
Unnamed.exchange - Cryptopia - Tradesatoshi - SCAM!!!

Its nearly 11 days and I have no reply from them is this ok or something wrong going with me because I was expecting reply in 7 to 10 days but now its more then 11 days so just because of this asking here.

Fucking lol why not just take your KFC to Mcdonalds and eat it there that is Trump reasoning you'll be well up for taking over from the blonde bimbette currently the fat fools press secretary.

Why we just can not log in to unnamed.exchange with cryptopia.co.nz username(email)/password, and trading our crypto-assets there?

No harm in keeping the slim hopes alive, hopefully you and other victims will receive good news.

haha

these high $ on secured altcoins is just to let the total ammount looks good,
the liquidators get paid by % ^^

or do you know anyone who is realy able to give an price for an bag of
few hundred different shitcoins,  where its not yet clear if the chain is still
the same, or got swapped later ... digging for all shitcoins if they are still
traded somewhere,  ..  bla bla bla ^^


and maybe the biggest LOL is maybe that they had that digit / $  available.
where i am sure that no orderbook on any shitcoin / crap exchange holds
that much money to cash out the bag.



... you guys are long enough in that business ...  you know how
annoying it is to dig for an exchange, make sure its on right chain
make sure its not forked,  make sure its even the same coin.
haha^^




i wish you all the best, but i bet a sixpack beer that these liquidators
and volunteers  havent spend a second on any detail from above :-)






but hey ;-)  feel free to visit some http://www.unnamed.Exchange
maybe some of the reocvered shitcoins are listed  on unnamed.











edit:  hey,  long time not seen.   

I am also feeling like this we will never have this money back in our wallet but just slim hope keep alive all things.

Good you just do that, more pie for the rest of us.

The victim are the users
Our money will not be returned to us
Forget it
this is the truth

Did we get an ETA for the return of funds?

You didn't notice that midway through the quote was the key point:


You're confusing one set of funds for the other.  

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Then there is this:


People such as Adam and Rob are probably going to have to hand over the keys to their houses to enable the creditors to increase the recovery available to creditors..  

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The Judge has already ruled that the Crypto is ours to be returned to us.  The money the creditors are burning through is the operating funds of the company.  Rest assured the NZ IRD will get their fair share.  

Yea I can help with that here you go -

The liquidators for Cryptopia - the local crypto-exchange that collapsed in May last year shortly after hackers stole some $30 million in virtual currency - are wheeling out the heavy artillery.

In their third report, David Ruscoe and Russell Moore say they will shortly issue further section 261 notices under the Companies Act, "requiring various parties to provide information to assist us in our investigation into the financial failure of the company". Failure to comply with a section 261 notice can result in a $50,000 fine or a jail term of up to two years. The liquidators say they have increased their focus on "investigating the affairs of the company and its directors, officers and other parties prior to the liquidation". Cryptopia was rife with faction fighting, according to co-founder Adam Clark, who told the Herald, "It was like Game of Thrones." The Grant Thornton duo won't give any details of which line of inquiry they are pursuing from this colourful period. They say to do so could prejudice any proceedings taken at a later date. However, a veteran liquidator told the Herald that the language of the report suggested non-compliance with earlier section 261 notices. Gloves were being taken off.

And Ruscoe and Moore hint at the general direction of their inquiries in their third report, writing, "If any insolvent transactions or breaches of legislation have occurred, we will take the appropriate action where it has the potential to increase the recovery available to creditors." Elsewhere, the report's main message to Cryptopia's 900,000 account holders is: Please be patient.

The last major development came in April, when a High Court judge delivered the landmark ruling that cryptocurrency must be recognised as property. That followed Ruscoe and Moore approaching the court in February and asking for guidance on how to distribute some $170m in virtual currency. The key issue for the court was whether the digital assets were held on trust for some 800,000 account holders with a positive coin balance, or should go into the general pool for creditors who are owed $12.7m (including IRD, owed around $5m). The judge ruled in favour of the account holders, but there is still no timeline for when they might regain access to their funds. The central hold up remains that, behind-the-scenes, Cryptopia account holders funds were (in Ruscoe and Moore's words) pooled or "co-mingled. Customers' trades would occur in the exchange's internal ledger without confirmation on the blockchain. "Customers did not have individual wallets and it is impossible to determine individual ownership using just the keys in the wallets," the latest report says.

"No detailed reconciliation process between the customer databases and the crypto-assets held in the wallets has ever been completed. "At the date of this report [June 12] we have made significant progress, but this is still taking some time to complete. We are working to reconcile the accounts of over 900,000 active customers, many holding multiple crypto-assets, millions of transactions and potentially over 900 different crypto-assets." Police had no update today other than "enquiries remain ongoing." An earlier update noted the complicated nature of their inquiries, which involved several outside experts and a number of offshore authorities.

The cost of untangling Cryptopia

The report lists total receipts of $11.1m include $1m in funds on hand at the date of the liquidation, $4.4m in cryptocurrency held in a trust fund that was converted to NZ$ and $5m in funds recovered from an exchange in Arizona. And total payments of $6.3m include $312,992 paid to secured creditors, $1.78m in liquidators fees, $1.3m in legal fees and various costs associated with maintaining Cryptopia's IT infrastructure, and maintaining a skeleton staff. That leaves closing funds on hand of $4.7m. Adam Clark and his Cryptopia co-founder Rob Dawson could not be immediately reached for comment. Clark had deleted a LinkedIn profile he had previously used to message the Herald.


tldr. Fuck yea boys we got 4m left in the pot to piss away lets think of outrageous ways to keep the cows tits wet so we can suck this fucker dry.

Can you kindly define what you mean by the word 'oversight'? It will help if you clarify it so a definitive answer can be given.

Given how much click-bait and ads are raping the eyes on that page, I think By: Chris Keall Business writer, NZ Herald [email protected] @ChrisKeall should be paying *US* to read that page.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12339878

Any rich buggers out there know what this is about? Its behind a paywall.