Simple solution.
Can you login?
Ok.
[withdraw]
DONE.
Topic: Cryptopia Cryptocurrency Platform Services and Development - page 25. (Read 173234 times)
i want my pakcoin PAK BACK ! SCAMERS
This is good news in a shit situation.
https://twitter.com/Cryptopia_NZ/status/1247765372444409859
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/civ-2019-409-000544---ruscoe-and-moore-v-cryptopia-limited-in-liquidation.pdf
It means that is you own xyz coin it is held separate from abc coin. It is not such good news for creditors of the company or holders of coins that were affected by the hack.
From my understanding it means that the losses are not socialized but each coin category owns the coins that are held by the company in trust for those coin owners and will be need to be returned as coins rather than $.
New Zealand law views crypto as property rather than currency. This does give stronger ownership protection.
The most important paragraph of the ruling.
As I predicted in May 2019:
https://bitcointalksearch.org/topic/m.51096551
https://bitcointalksearch.org/topic/m.51124268
https://twitter.com/Cryptopia_NZ/status/1247765372444409859
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/civ-2019-409-000544---ruscoe-and-moore-v-cryptopia-limited-in-liquidation.pdf
It means that is you own xyz coin it is held separate from abc coin. It is not such good news for creditors of the company or holders of coins that were affected by the hack.
From my understanding it means that the losses are not socialized but each coin category owns the coins that are held by the company in trust for those coin owners and will be need to be returned as coins rather than $.
New Zealand law views crypto as property rather than currency. This does give stronger ownership protection.
The most important paragraph of the ruling.
As I predicted in May 2019:
https://bitcointalksearch.org/topic/m.51096551
https://bitcointalksearch.org/topic/m.51124268
Ah, that's pretty good news tbh! I never did KYC (I still have access to my email address and I remember my login) and I live in the US though, will that affect that?
Well I'm dusting off my documents and getting my KYC on.
This is good news in a shit situation.
https://twitter.com/Cryptopia_NZ/status/1247765372444409859
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/civ-2019-409-000544---ruscoe-and-moore-v-cryptopia-limited-in-liquidation.pdf
It means that is you own xyz coin it is held separate from abc coin. It is not such good news for creditors of the company or holders of coins that were affected by the hack.
From my understanding it means that the losses are not socialized but each coin category owns the coins that are held by the company in trust for those coin owners and will be need to be returned as coins rather than $.
New Zealand law views crypto as property rather than currency. This does give stronger ownership protection.
The most important paragraph of the ruling.
As I predicted in May 2019:
https://bitcointalksearch.org/topic/m.51096551
https://bitcointalksearch.org/topic/m.51124268
https://twitter.com/Cryptopia_NZ/status/1247765372444409859
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/civ-2019-409-000544---ruscoe-and-moore-v-cryptopia-limited-in-liquidation.pdf
It means that is you own xyz coin it is held separate from abc coin. It is not such good news for creditors of the company or holders of coins that were affected by the hack.
From my understanding it means that the losses are not socialized but each coin category owns the coins that are held by the company in trust for those coin owners and will be need to be returned as coins rather than $.
New Zealand law views crypto as property rather than currency. This does give stronger ownership protection.
The most important paragraph of the ruling.
As I predicted in May 2019:
https://bitcointalksearch.org/topic/m.51096551
https://bitcointalksearch.org/topic/m.51124268
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff.
What you should have then added to that statement was : It was maintained
They also opened up withdrawals and accepted deposits again, only for the exchange to go offline indefinitely. I kinda want to say it's shady at the very least and it helped perhaps owners and shareholders (this is my speculation btw) to get some of their funds off the exchange, but I don't think there's any proof of it. I had around 0.0033 btc or so left on the exchange for trading and took the rest off during that period. It would be cool to get it back one day, but i'm erring on the side of caution and writing it off for the foreseeable future.
I really do hope everyone gets their funds back one day though.
You are fucking deluded if you think Binance will in any way return anything back to a pissly little exchange in the middle of nowhere. They don't give a flying fuck.CZ is taking over the crypto world and will rightly tell the liquidators to go fuck themselves knowing they have no jurisdiction to do anything to Binance.
Harsh, but I agree lol.
The issue is that with this whole legal mess, it looks like its turning into another mt.gox...so, even though I lost some funds in the exchange i'm not really expecting my money back for a long time.
You are fucking deluded if you think Binance will in any way return anything back to a pissly little exchange in the middle of nowhere. They don't give a flying fuck.CZ is taking over the crypto world and will rightly tell the liquidators to go fuck themselves knowing they have no jurisdiction to do anything to Binance.
Its pretty obvious what Grant Thornton is trying to do. They're trying to claim the database is inaccurate and that the customers can have whatever is left in the wallets.
That means Grant Thornton and the Cryptopia thieves can drain most of the wallets coins and claim the database was off on its calculations. It just gives them room to steal the over 90% of the coins that should still be in the wallets.
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff. We also know that to calculate how much each coin the users own in the database and comparing it to the coins wallets is very simple.
You would just execute very simple sql commands to specify the total amount that users own for each coin and do a quick comparison with whats left in the wallet. I'm assuming they used a sql database. It could be any database and that database would have its own set of database commands.
This is not Mt Gox which lost 100% of their coins. Cryptopia lost between 5% to 10% of the coins on the site. The judge better see through the nonsense that Grant Thornton is doing and put an end to it fast.
The New Zealand judge is just letting them get away with absolute criminal level behavior. Grant Thornton hasn't contacted any of the developers to make sure the coins binaries are up to date so they can be withdrawn.
They haven't secured the coins to prevent future coins from being hacked and stolen. They've sold some office chairs and computers and charged 1 million for something that can be done by grade school teenagers in a couple days.
We need some experts to explain to the judge and point out all the nonsense Grant Thornton has been up to. The judge needs more than just legal arguments he needs to know exactly how everything works.
Right now he's just getting the wool pulled over his eyes by Grant Thornton. They're just snowballing him him with lies because they know the judge doesn't have a clue about how cryptocurrency works.
That means Grant Thornton and the Cryptopia thieves can drain most of the wallets coins and claim the database was off on its calculations. It just gives them room to steal the over 90% of the coins that should still be in the wallets.
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff. We also know that to calculate how much each coin the users own in the database and comparing it to the coins wallets is very simple.
You would just execute very simple sql commands to specify the total amount that users own for each coin and do a quick comparison with whats left in the wallet. I'm assuming they used a sql database. It could be any database and that database would have its own set of database commands.
This is not Mt Gox which lost 100% of their coins. Cryptopia lost between 5% to 10% of the coins on the site. The judge better see through the nonsense that Grant Thornton is doing and put an end to it fast.
The New Zealand judge is just letting them get away with absolute criminal level behavior. Grant Thornton hasn't contacted any of the developers to make sure the coins binaries are up to date so they can be withdrawn.
They haven't secured the coins to prevent future coins from being hacked and stolen. They've sold some office chairs and computers and charged 1 million for something that can be done by grade school teenagers in a couple days.
We need some experts to explain to the judge and point out all the nonsense Grant Thornton has been up to. The judge needs more than just legal arguments he needs to know exactly how everything works.
Right now he's just getting the wool pulled over his eyes by Grant Thornton. They're just snowballing him him with lies because they know the judge doesn't have a clue about how cryptocurrency works.
Totally agree. Binance captured a HUGE amount of the stolen funds and said they would return them
This judge is likely some old fool who has no clue about these theives and scammers activities.
Or is on the payroll
What a scam. I hope investors are not going to bend over foe grant Thorne and the cryptopia theives.
Best to bring in another legal team that will get to the bottom of this even if they want a slice of the recovery.
The recaptured funds by binance is where exactly now? Was it 500 btc or more?
This grant Thornton piece of shit company are going to drain this pot for themselves and cut the cryptopia crooks and judge in too I expect. Their "fees" are likely exorbitant.
Interesting reading material for the lockdown. I'm guessing any court related updates for the time being will be procedural in nature.
Hey guys,
No one has put a link to the latest documents (early march) post high court trial :
(they are at the bottom of this link : https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-10-february-2020/)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/g.-submission-of-counsel-for-creditors-re-quoine-pte-ltd-v-b2c2-ltd-2-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/h.-submission-of-counsel-for-account-holders-re-quoine-pte-ltd-v-b2c2-ltd-4-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/i-.submission-of-counsel-for-the-liquidators-re-quoine-pte-ltd-v-b2c2-ltd-10-march-2020.pdf
Interesting, instead of making their own opinion on the matter (ie cryptopia hack) they are trying to see how it realtes to a "similar" conflict in Singapore between B2c2 and Quoine .......
Fucking pathetic, release the fucking coins, clients / users are not creditors !
No one has put a link to the latest documents (early march) post high court trial :
(they are at the bottom of this link : https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-10-february-2020/)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/g.-submission-of-counsel-for-creditors-re-quoine-pte-ltd-v-b2c2-ltd-2-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/h.-submission-of-counsel-for-account-holders-re-quoine-pte-ltd-v-b2c2-ltd-4-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/i-.submission-of-counsel-for-the-liquidators-re-quoine-pte-ltd-v-b2c2-ltd-10-march-2020.pdf
Interesting, instead of making their own opinion on the matter (ie cryptopia hack) they are trying to see how it realtes to a "similar" conflict in Singapore between B2c2 and Quoine .......
Fucking pathetic, release the fucking coins, clients / users are not creditors !
Time to forget about this till COVID is licked. Enjoy isolation. Stay safe all.
You too!
nothing to do but go out to my front porch and sing...
Sometimes the light's all shinin' on me
Other times, I can barely see
Lately, it occurs to me
What a long, strange trip it's been
With world events unfolding to dire situations. And now this country in lockdown from Weds for 4 weeks minimum, we have another stretch of delay for the foreseeable.
Time to forget about this till COVID is licked. Enjoy isolation. Stay safe all.
Time to forget about this till COVID is licked. Enjoy isolation. Stay safe all.
What is the current situation with this exchange at the moment? What I read last, everyone who wants to get his active back has to go through the identification process, is that right? and where can you do that? I haven't received any information from exchange so far
The administrators of Cryptopia have been very selective in who they contact while they sort through the mess created by the Cryptopia owners by trading while insolvent. Basically, they want users to prove their identity before they will hand over funds. When that happens and how much of a refund is anyone's guess.
What is the current situation with this exchange at the moment? What I read last, everyone who wants to get his active back has to go through the identification process, is that right? and where can you do that? I haven't received any information from exchange so far
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff.
What you should have then added to that statement was : It was maintained
I said exactly what I should have said. What does there inability to stop a theft have to do with a database being maintained accurately. I know that they had the exact amount I deposited in my account to several decimal places of accuracy.
If anyone had a different amount than what they owned you would have heard people complaining about the amount in their account being inaccurate. I haven't heard one complaint from users saying the amount that was shown in their account was wrong.
Once the thieves had the keys to the wallets they could take the coins at their leisure and there was no way anyone could stop it. That's why the theft happened over a long time and not all at once. Once they had the keys they could take their time stealing coins.
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff.
What you should have then added to that statement was : It was maintained
Its pretty obvious what Grant Thornton is trying to do. They're trying to claim the database is inaccurate and that the customers can have whatever is left in the wallets.
That means Grant Thornton and the Cryptopia thieves can drain most of the wallets coins and claim the database was off on its calculations. It just gives them room to steal the over 90% of the coins that should still be in the wallets.
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff. We also know that to calculate how much each coin the users own in the database and comparing it to the coins wallets is very simple.
You would just execute very simple sql commands to specify the total amount that users own for each coin and do a quick comparison with whats left in the wallet. I'm assuming they used a sql database. It could be any database and that database would have its own set of database commands.
This is not Mt Gox which lost 100% of their coins. Cryptopia lost between 5% to 10% of the coins on the site. The judge better see through the nonsense that Grant Thornton is doing and put an end to it fast.
The New Zealand judge is just letting them get away with absolute criminal level behavior. Grant Thornton hasn't contacted any of the developers to make sure the coins binaries are up to date so they can be withdrawn.
They haven't secured the coins to prevent future coins from being hacked and stolen. They've sold some office chairs and computers and charged 1 million for something that can be done by grade school teenagers in a couple days.
We need some experts to explain to the judge and point out all the nonsense Grant Thornton has been up to. The judge needs more than just legal arguments he needs to know exactly how everything works.
Right now he's just getting the wool pulled over his eyes by Grant Thornton. They're just snowballing him him with lies because they know the judge doesn't have a clue about how cryptocurrency works.
That means Grant Thornton and the Cryptopia thieves can drain most of the wallets coins and claim the database was off on its calculations. It just gives them room to steal the over 90% of the coins that should still be in the wallets.
We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff. We also know that to calculate how much each coin the users own in the database and comparing it to the coins wallets is very simple.
You would just execute very simple sql commands to specify the total amount that users own for each coin and do a quick comparison with whats left in the wallet. I'm assuming they used a sql database. It could be any database and that database would have its own set of database commands.
This is not Mt Gox which lost 100% of their coins. Cryptopia lost between 5% to 10% of the coins on the site. The judge better see through the nonsense that Grant Thornton is doing and put an end to it fast.
The New Zealand judge is just letting them get away with absolute criminal level behavior. Grant Thornton hasn't contacted any of the developers to make sure the coins binaries are up to date so they can be withdrawn.
They haven't secured the coins to prevent future coins from being hacked and stolen. They've sold some office chairs and computers and charged 1 million for something that can be done by grade school teenagers in a couple days.
We need some experts to explain to the judge and point out all the nonsense Grant Thornton has been up to. The judge needs more than just legal arguments he needs to know exactly how everything works.
Right now he's just getting the wool pulled over his eyes by Grant Thornton. They're just snowballing him him with lies because they know the judge doesn't have a clue about how cryptocurrency works.
Qantas has just cancelled all international flights end of March to the end if May at earliest. Virgin Australia did the same thing yesterday.
Grant Thornton are apparently on the record as having their Trans-Tasman office in Brisbane handling portions of the insolvency matters. Given both New Zealand and Australia both have 14 day mandatory self isolation for arrivals from overseas (even between NZ and Oz) it's unlikely the Cryptopia disaster will be cleared any time this year.
People should focus on staying safe at this point.
Grant Thornton are apparently on the record as having their Trans-Tasman office in Brisbane handling portions of the insolvency matters. Given both New Zealand and Australia both have 14 day mandatory self isolation for arrivals from overseas (even between NZ and Oz) it's unlikely the Cryptopia disaster will be cleared any time this year.
People should focus on staying safe at this point.
Hi mate, so do you think users will see again their funds or not?
possible just like MT.GOX but expect that it would take years and a very small amount.
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