@Timelord2067
Why should we ?
Its in Liquidation right now and you know the things of a Liquidation as far crypto isnt seen in NZ as a currency ( But you know this ).
The Liquidation isnt over and nothing new from them so there is no Reason for an Flag because its still open whats happen.
You can do this when the Liquidation is over and funds hasnt paid back , what i hope that will be not happens !
Topic: Cryptopia Cryptocurrency Platform Services and Development - page 51. (Read 173234 times)
Well, the fact that the customer funds are NOT considered company assets to liquidate brings a bit of hope, but to be honest I'm expecting the worst outcome: funds long sold, hacked, keys lost forever... I've already written it off, if in a few years I get something back I'll just donate it all to a good cause 
Cryptopia has not only not spoken about the hacked funds and haven't allowed users to withdraw the funds that were not hacked too like altcoins so they can't claim that they got hacked too. They clearly stated what funds were lost and the amounts were in BTC and ETH mainly.
Is anyone here planning to plant a Red Flag in TripleHeXXX's UID and associated Cryptopia thread - I'm surprised neither Lafu or xtraelv have started one given they have said "they have more to loose than most" over Cryptopia being placed into receivership?
What's a red flag? Do you mean the BCT trust system, or something else?
It's something more, it's probably a new system.
Look how it looks on this user: https://bitcointalksearch.org/user/blender-229601
And there's a red warning in their thread: https://bitcointalksearch.org/topic/ann-bitcoin-blender-anonymous-bitcoin-mixer-436467
But TripleHeXXX's profile reads "Last Active: January 18, 2018, 02:25:17 AM", and the company is gone, so I don't suppose it matters.
Nonetheless it'd be good to flag them since it's an old account with Full Member rank that could potentially return in the future and look like it's someone trustworthy.
Is anyone here planning to plant a Red Flag in TripleHeXXX's UID and associated Cryptopia thread - I'm surprised neither Lafu or xtraelv have started one given they have said "they have more to loose than most" over Cryptopia being placed into receivership?
What's a red flag? Do you mean the BCT trust system, or something else?
Oh brother - where have you been for the last 24 hours?
https://bitcointalksearch.org/topic/trust-flags-5153344 Trust flags
https://bitcointalksearch.org/topic/request-support-or-opposition-for-flags-here-5153445 Request support for Flags here!
https://bitcointalksearch.org/topic/loycevs-personal-trust-flag-viewer-daily-updates-now-in-descending-order-5153695 LoyceV's Trust Flag viewer
There's well over one hundred that have been created so far.
Is anyone here planning to plant a Red Flag in TripleHeXXX's UID and associated Cryptopia thread - I'm surprised neither Lafu or xtraelv have started one given they have said "they have more to loose than most" over Cryptopia being placed into receivership?
What's a red flag? Do you mean the BCT trust system, or something else?
Is anyone here planning to plant a Red Flag in TripleHeXXX's UID and associated Cryptopia thread - I'm surprised neither Lafu or xtraelv have started one given they have said "they have more to loose than most" over Cryptopia being placed into receivership?
I demand my 0.003 btc back so I can buy 2 pizzas and a soda. Get off your booty and return those customer funds cryptopia.
Well, the fact that the customer funds are NOT considered company assets to liquidate brings a bit of hope, but to be honest I'm expecting the worst outcome: funds long sold, hacked, keys lost forever... I've already written it off, if in a few years I get something back I'll just donate it all to a good cause
They will give back maximum 30% of the coins. Unfortunately this is how this generally works.
Pure FUD.
What are you basing your FUD post on?
They will give back maximum 30% of the coins. Unfortunately this is how this generally works.
By Investopedia: https://www.investopedia.com/terms/l/liquidator.asp
DEFINITION of Liquidator
In the most general sense, a liquidator is a person or entity that liquidates something. More specifically, a liquidator refers to an officer that is specially appointed to wind up the affairs of a company when the company is closing. Assets of a company are sold by the liquidator and the resulting funds are used to pay off the company's debts. The liquidator is legally empowered to act on behalf of the company in various capacities.
BREAKING DOWN Liquidator
A liquidator is a person legally empowered to act on behalf of a company to sell the company's assets prior to the company's closure in order to generate cash to pay off debts. Liquidators are often used when a company goes bankrupt. One of the chief functions of many liquidators is to bring and defend lawsuits. Other actions include collecting outstanding receivables, paying off debts and finishing other corporate termination procedures.
DEFINITION of Liquidator
In the most general sense, a liquidator is a person or entity that liquidates something. More specifically, a liquidator refers to an officer that is specially appointed to wind up the affairs of a company when the company is closing. Assets of a company are sold by the liquidator and the resulting funds are used to pay off the company's debts. The liquidator is legally empowered to act on behalf of the company in various capacities.
BREAKING DOWN Liquidator
A liquidator is a person legally empowered to act on behalf of a company to sell the company's assets prior to the company's closure in order to generate cash to pay off debts. Liquidators are often used when a company goes bankrupt. One of the chief functions of many liquidators is to bring and defend lawsuits. Other actions include collecting outstanding receivables, paying off debts and finishing other corporate termination procedures.
What is liquidator?
By this link: http://www.businessdictionary.com/definition/liquidator.html
Person appointed by the shareholders or unsecured creditors, or on a court order, to manage the winding up of a firm by selling off its assets. Most countries require a suitably qualified liquidator. On appointment, the liquidator assumes control of the business, collects and auctions off its free (un-pledged) assets in a reasonably short time, pays the unsecured creditors from the proceeds of the sale, and (if any money is left) distributes it among the shareholders in proportion to their shareholdings. In the UK, also called an insolvency practitioner.
Where are OUR ASSETS (coins) in this definition?
We should have the highest priority in front of any exchange's shareholders!
Do you understand why exchange's biggest owners/shareholders have chosen liquidators?
I wish I am wrong in my understandings.
Just how do they plan to try step 1 (attempt to reorganise the company to make it profitable)?
They haven't even paid for their server, just how much are they on the red?
They might have gone through the same miscalculation as Nvidia, expanding too much too late in the last bullrun and when the prices dropped, their income was reduced so much that they could not pay for their expanded workforce and servers.
That's what I think.
A liquidator is able to re-organize a company in such a way that it can legally trade again. (If it is insolvent it cannot trade).
The letter was commissioned by the DAPS community so it is just a general outline of what it likely to happen.
I doubt that option 1 is viable. But you never know.
Sure did - a whole five days ago:
Website: https://coinhooked.com/chaincreator-offers-to-buy-cryptopia-with-the-aim-to-refund-cryptopias-trading-community
Title: CHAINCREATOR Offers to buy CRYPTOPIA with the AIM to refund CRYPTOPIA’S trading Community.
Byline and Date: Coinhooked 31st May 2019
Archive link: https://web.archive.org/web/20190601231315/https://coinhooked.com/chaincreator-offers-to-buy-cryptopia-with-the-aim-to-refund-cryptopias-trading-community
Via TheCryproMaster in this post
Title: CHAINCREATOR Offers to buy CRYPTOPIA with the AIM to refund CRYPTOPIA’S trading Community.
Byline and Date: Coinhooked 31st May 2019
Archive link: https://web.archive.org/web/20190601231315/https://coinhooked.com/chaincreator-offers-to-buy-cryptopia-with-the-aim-to-refund-cryptopias-trading-community
Via TheCryproMaster in this post
Feel free to join us with any online articles about Cryptopia.
Just how do they plan to try step 1 (attempt to reorganise the company to make it profitable)?
They haven't even paid for their server, just how much are they on the red?
They might have gone through the same miscalculation as Nvidia, expanding too much too late in the last bullrun and when the prices dropped, their income was reduced so much that they could not pay for their expanded workforce and servers.
That's what I think.
https://www.ccn.com/quadrigacx-crypto-exchange-fbi-investigation
cryptopia crooks and pricks...FBI is going to knock on your doors soon
cryptopia crooks and pricks...FBI is going to knock on your doors soon
so, what next 100M$ was lost, and no one can bring back this money. just turn the page and try to make other money.
thank god. I withdraw my coin from this shit before the hack attack.
https://www.ccn.com/quadrigacx-crypto-exchange-fbi-investigation
cryptopia crooks and pricks...FBI is going to knock on your doors soon
cryptopia crooks and pricks...FBI is going to knock on your doors soon
I had some MAIDs in there of which I had completely forgotten until now... oh well, shit happens. It's the first time I got coins confiscated by an exchange since I got into crypto back in 2013 so I can't really complain 
Hey dude not confiscated just on hold, you'll get them back in xxx years. I had etn and some dot. Unlike the low iq dumbass above I got out quick and didn't leave $2k of coins sitting in an exchange recently hacked.
Pretty sure the etn will be returned, the dot don't really care might donate to numbnuts sisq to rebuild his empire of shitcoins.
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