How much did people here loose?
me 0.1 BTC worth of shitcoins
me 0.1 BTC worth of shitcoins
Topic: Cryptopia Cryptocurrency Platform Services and Development - page 29. (Read 173234 times)
Were total accumulative losses ever ball-pointed?
How much did people here loose?
me 0.1 BTC worth of shitcoins
me 0.1 BTC worth of shitcoins
what is this?:
https://www.cryptodigest.com/exchanges/huge-transfer-of-erc-20-from-cryptopia-raise-red-flags/
https://www.cryptodigest.com/exchanges/huge-transfer-of-erc-20-from-cryptopia-raise-red-flags/
1 year still "investigating".
1st shit just got real post 100+ pages back.
SCAM EXCHANGE
I see not a lot has changed with this exchange https://www.youtube.com/watch?v=yge311sFhC8
Just before the "Hack"
15 JUNARY 2019
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
Happy anniversary to all my co-cryptopia victim
Where are the owners anyway? they are probably enjoying the millions they made from their customers.
15 JUNARY 2019
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
15 JUNARY 2021
Grant Thornton announces all funds depleted and reopens Cryptopia. Cryptopia rehacked. Rinse. Repeat.
15 JUNARY 2019
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
I also waiting for this its really long time but no one listening or hearing all like dead so feeling my coins also now in RIP instead or ROI 15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
15 JUNARY 2019
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
true scam. i only have shitcoins there i consider it loss already, if there is a chance i'd be interested to convert it to BTC it will still amount to 0.02BTC.
a year since, nothing happens. i guess we can all just forget the coins. if there is anything to be learned its still the one advise we kept reading in this forum. its to never again store coins on exchanges but hey we trade all day!!
15 JUNARY 2019
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
15 JUNARY 2020
One year has passed since members of the Cryptopia site were defrauded
Do not call it a hacker as they claim
I call it a scam
We demand the imprisonment of the site owner
This is what one of my friend in Christchurch has written on the FB group we co-admin.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
Quote
Today marks the 1 Year Anniversary of the Cryptopia Hack that is one of the biggest Heists in New Zealand History.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/…/cryptopia-breach-highlights-gaps-…
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/…/cryptopia-boss-blames-former-shar…
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/…/cryptopia-breach-highlights-gaps-…
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/…/cryptopia-boss-blames-former-shar…
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
this conversation might be a good look back in time hehe
What did I say from the beginning? HAIRCUT. H A I R C U T. The "funny" thing is, my mgo tokens (affected) have not been cut, the BTC (theorically not affected) were cut.
A lot of wallets are still offline, don't rejoice too soon.FFS Cryptopia are not running away they're facing the problem and solving it pretty damn well so far.
What's the practical difference between running away and not running away and announcing your coins are stolen, tough luck, we've taken what was yours.As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?
The percentage means the amount stolen or missing. All of your holdings in an affected coin have been reduced with that percent. For ETH, any ETH you had (100%) was removed from your account by Cryptopia.It's a mystery how they had calculated that low amount, but obviously it's not right. Probably they converted all coins in NZD equivalent. Which is purely theorethical, as you can't practically sell that amount and not influence price. And not taking into account price movement in 2 months. ETH and LTC have increased in fiat 20% and 100%, respectively.
They didn't take what was yours, Users simply assumed only ETH/ERC20 was affected. So far (as other coins are still 'Offline' and haven't been checked yet) BTC and LTC were also affected along with ETH, with possibly other coins as they progress through the wallets.
Even folks accusing me of not losing anything, happy to post a screenshot of exactly what I lost just to shut you up.
Nice to see the Bitcointalk FUD engine back up and running away with crazy theories. Stay classy, folks. What a mess this forum has become.
so the detective/police thingy was just a show..if lost coins are just being discovered and about to be discovered.
NZ police can't do shit, it was/is a home court advantage for these crooks, they know it, the path to these investigations are already laid in front of them and it is a dead end
...I wouldn't be surprised if the hacker was not caught or the funds not retrieved hehecryptsy big vern have to exit scam because he need it all..how much is BTC back then? 300$ more or less hehe...today you just have to buy low or sell high self-hack scam
The serial FUDers coming out in force again, this is why no one takes this forum seriously.
yup specially after the so called "police lock down" was ended and cryptopia team are now able to access the facilities, doing their "securing of wallets" and coins missing are piling up hehe
Though I might be wrong it seems Grant Thornton are deliberately taking advantage of having a monopoly on the available evidence. With nobody to fact-check them they can do what they like...
You are right, this is not another MtGox so what possible reason could they have for the drama they are creating?
You are right, this is not another MtGox so what possible reason could they have for the drama they are creating?
Grant Thornton said "Customers did not have individual wallets and it is impossible to determine individual
ownership using just the keys in the wallets. "
This is one of the most absurd statements off all time. Why would the keys in the wallets be used to determine how
many coins customers have.
If a bank takes deposits none of the customers information is stored inside the bank vault. The customers
information would never be written on the dollars bills or gold bars. They are stored in a database on a server.
Likewise the coins wallets are just like bank vaults, but instead of storing bills and gold bars they store
cryptocurrency. They would never store any customer information inside a cryptocurrency wallet. That is stored in
the database on a server.
When Cryptopia was hacked and they closed down for a month and then opened again they knew exactly how much each user
was owed; It is all stored in the database. They didn't have to even look at the wallets to determine that
information.
This just confirms these clowns at Grant Thornton are playing games and must think people will fall for this
nonsense.
This is not Mt Gox who lost 100% of there coins. Cryptopia lost a very small amount of their coins, around 5%, and
should have easily been able to give back the 95% of the coins that were not stolen.
ownership using just the keys in the wallets. "
This is one of the most absurd statements off all time. Why would the keys in the wallets be used to determine how
many coins customers have.
If a bank takes deposits none of the customers information is stored inside the bank vault. The customers
information would never be written on the dollars bills or gold bars. They are stored in a database on a server.
Likewise the coins wallets are just like bank vaults, but instead of storing bills and gold bars they store
cryptocurrency. They would never store any customer information inside a cryptocurrency wallet. That is stored in
the database on a server.
When Cryptopia was hacked and they closed down for a month and then opened again they knew exactly how much each user
was owed; It is all stored in the database. They didn't have to even look at the wallets to determine that
information.
This just confirms these clowns at Grant Thornton are playing games and must think people will fall for this
nonsense.
This is not Mt Gox who lost 100% of there coins. Cryptopia lost a very small amount of their coins, around 5%, and
should have easily been able to give back the 95% of the coins that were not stolen.
This is what one of my friend in Christchurch has written on the FB group we co-admin.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
Quote
Today marks the 1 Year Anniversary of the Cryptopia Hack that is one of the biggest Heists in New Zealand History.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/…/cryptopia-breach-highlights-gaps-…
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/…/cryptopia-boss-blames-former-shar…
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/…/cryptopia-breach-highlights-gaps-…
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/…/cryptopia-boss-blames-former-shar…
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
..... Like say one month to secure the coins in the wallets and set up a site that allows us to withdraw or you Grant Thornton are fired.
One year - zero results.Is it 1 year already? Time flies so fast and i think i have no choice but to move on from this mess. If ever they comeback one day and decided to payout the users then its a good news. Until then this will probably drag for more years until there's no more money left for the customers.
Oh, now that you mentioned it, I think the "hack" happened last January 15, 2019. So in a few days, yeah, we'll have this mess for over a year now. Time flies very fast, right? And yet, their investigation didn't progress at all.
Proceedings/investigations like this that will involve the justice system usually takes too much time and add that this is about crytocurrency, I think will not be solved in the coming years. It could take a decade.
Grant Thornton said "Customers did not have individual wallets and it is impossible to determine individual
ownership using just the keys in the wallets. "
This is one of the most absurd statements off all time. Why would the keys in the wallets be used to determine how
many coins customers have.
If a bank takes deposits none of the customers information is stored inside the bank vault. The customers
information would never be written on the dollars bills or gold bars. They are stored in a database on a server.
Likewise the coins wallets are just like bank vaults, but instead of storing bills and gold bars they store
cryptocurrency. They would never store any customer information inside a cryptocurrency wallet. That is stored in
the database on a server.
When Cryptopia was hacked and they closed down for a month and then opened again they knew exactly how much each user
was owed; It is all stored in the database. They didn't have to even look at the wallets to determine that
information.
This just confirms these clowns at Grant Thornton are playing games and must think people will fall for this
nonsense.
This is not Mt Gox who lost 100% of there coins. Cryptopia lost a very small amount of their coins, around 5%, and
should have easily been able to give back the 95% of the coins that were not stolen.
ownership using just the keys in the wallets. "
This is one of the most absurd statements off all time. Why would the keys in the wallets be used to determine how
many coins customers have.
If a bank takes deposits none of the customers information is stored inside the bank vault. The customers
information would never be written on the dollars bills or gold bars. They are stored in a database on a server.
Likewise the coins wallets are just like bank vaults, but instead of storing bills and gold bars they store
cryptocurrency. They would never store any customer information inside a cryptocurrency wallet. That is stored in
the database on a server.
When Cryptopia was hacked and they closed down for a month and then opened again they knew exactly how much each user
was owed; It is all stored in the database. They didn't have to even look at the wallets to determine that
information.
This just confirms these clowns at Grant Thornton are playing games and must think people will fall for this
nonsense.
This is not Mt Gox who lost 100% of there coins. Cryptopia lost a very small amount of their coins, around 5%, and
should have easily been able to give back the 95% of the coins that were not stolen.
..... Like say one month to secure the coins in the wallets and set up a site that allows us to withdraw or you Grant Thornton are fired.
One year - zero results.Is it 1 year already? Time flies so fast and i think i have no choice but to move on from this mess. If ever they comeback one day and decided to payout the users then its a good news. Until then this will probably drag for more years until there's no more money left for the customers.
..... Like say one month to secure the coins in the wallets and set up a site that allows us to withdraw or you Grant Thornton are fired.
One year - zero results.
There's three things that would clearly show these coins are held in trust.
1) Cryptopias own Terms
https://web.archive.org/web/20181218153858/https://cryptopia.co.nz/Home/Terms
Term 5:
"Your Coin Balances are operated by us, and represent entries in your name on the general ledger of ownership of Coins maintained and held by us."
"Each User's entry in the general ledger of ownership of Coins is held by us, on trust, for that User"
2) The fact each coins was held in its own wallet separate from Cryptopia's assets. That is the definition of a trust; where customer assets are held separately from the companies assets
3) Other legal jurisdictions like the US, UK , Australia, Singapore, Hong Kong and Switzerland have ruled that cryptocurrency is customer property and held in trust.
https://www.bakermckenzie.com/en/insight/publications/2019/11/bite-size-briefings-autumn
https://thenextweb.com/hardfork/2019/11/18/senior-uk-judges-say-cryptoassets-including-bitcoin-are-property/
https://digital.freshfields.com/post/102fuju/cryptocurrency-conundrum-is-it-property
It would seem inconceivable that a New Zealand court would go against many other countries ruling that accept cryptocurrency as customer property held in trust.
We need to NZ court to quickly rule that the coins are held in trust and put a expedient time frame on disbursing the coins to each user. Like say one month to secure the coins in the wallets and set up a site that allows us to withdraw or you Grant Thornton are fired.
1) Cryptopias own Terms
https://web.archive.org/web/20181218153858/https://cryptopia.co.nz/Home/Terms
Term 5:
"Your Coin Balances are operated by us, and represent entries in your name on the general ledger of ownership of Coins maintained and held by us."
"Each User's entry in the general ledger of ownership of Coins is held by us, on trust, for that User"
2) The fact each coins was held in its own wallet separate from Cryptopia's assets. That is the definition of a trust; where customer assets are held separately from the companies assets
3) Other legal jurisdictions like the US, UK , Australia, Singapore, Hong Kong and Switzerland have ruled that cryptocurrency is customer property and held in trust.
https://www.bakermckenzie.com/en/insight/publications/2019/11/bite-size-briefings-autumn
https://thenextweb.com/hardfork/2019/11/18/senior-uk-judges-say-cryptoassets-including-bitcoin-are-property/
https://digital.freshfields.com/post/102fuju/cryptocurrency-conundrum-is-it-property
It would seem inconceivable that a New Zealand court would go against many other countries ruling that accept cryptocurrency as customer property held in trust.
We need to NZ court to quickly rule that the coins are held in trust and put a expedient time frame on disbursing the coins to each user. Like say one month to secure the coins in the wallets and set up a site that allows us to withdraw or you Grant Thornton are fired.
Majority of businesses went back to work yesterday, mine included. As I sat outside their offices again having my riverside lunch break the offices of Grant Thornton were well and truly shut, suning their overfed fat flab on a beach on our coin. They'll be back end of month with the rest of the legal profession. Not expecting any new info till March.
In total they will probably make millions of USD$ in fees and commissions to sort this mess out.
Any news about the Cryptopia team such as where they are and what they are doing?
Users put in investments to shop, shop gets robed eth. They close shop and eat btc, ltc, doge ...
Majority of businesses went back to work yesterday, mine included. As I sat outside their offices again having my riverside lunch break the offices of Grant Thornton were well and truly shut, suning their overfed fat flab on a beach on our coin. They'll be back end of month with the rest of the legal profession. Not expecting any new info till March.
It's obvious that Grant Thornton are slimy lowlifes. They're intent is to steal the coins and keep them for themselves and Cryptopia owners. They want to milk this as a far as they can so they can rack up as many charges as possible.
We know for sure they haven't contacted any developers about securing the coins because all the developers have said they haven't been contacted. None of the coins have been secured. An expert could secure the 400 wallets in a few days and have them available to be withdrawn by customers
They are fabricating lies to stall as much as possible. So it now comes down to the judges in the New Zealand courts to put a stop to this madness and force them to secure the coins and allow us to withdraw them.
We need the lawyer working for the customers to do a good job and make sure these coins are declared held in trust and force these idiots at Grant Thornton to let us withdraw them.
Apparently they're are two lawyers appointed, one for the customers, Peter Watts QC , and one for Cryptopia, Jenny Cooper QC.
The lawyer working for the customers was hand picked by Grant Thornton because he has little experience in this kind of ligation, while the one working for Cryptopia is a seasoned lawyer with a lot of experience in this kind of litigation.
So we know for sure Grant Thornton picked the absolute worst lawyer they could for the customers and the best they could find for Cryptopia.
Grant Thornton is a shady slimy company. I looked on the internet and found numerous criminal charges brought against Grant Thornton employees over the last 20 years. This is a very nasty company were dealing with. They have zero intention of returning the customers coins.
We know for sure they haven't contacted any developers about securing the coins because all the developers have said they haven't been contacted. None of the coins have been secured. An expert could secure the 400 wallets in a few days and have them available to be withdrawn by customers
They are fabricating lies to stall as much as possible. So it now comes down to the judges in the New Zealand courts to put a stop to this madness and force them to secure the coins and allow us to withdraw them.
We need the lawyer working for the customers to do a good job and make sure these coins are declared held in trust and force these idiots at Grant Thornton to let us withdraw them.
Apparently they're are two lawyers appointed, one for the customers, Peter Watts QC , and one for Cryptopia, Jenny Cooper QC.
The lawyer working for the customers was hand picked by Grant Thornton because he has little experience in this kind of ligation, while the one working for Cryptopia is a seasoned lawyer with a lot of experience in this kind of litigation.
So we know for sure Grant Thornton picked the absolute worst lawyer they could for the customers and the best they could find for Cryptopia.
Grant Thornton is a shady slimy company. I looked on the internet and found numerous criminal charges brought against Grant Thornton employees over the last 20 years. This is a very nasty company were dealing with. They have zero intention of returning the customers coins.
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