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Topic: Cryptopia Cryptocurrency Platform Services and Development - page 53. (Read 173234 times)

full member
Activity: 410
Merit: 106
So whats the story with only paying back the coins to kyc clients? Why not, you not bother with full requirements why should the liquidators waste time trying to track their sorry asses down.

They never made KYC mandatory you stupid idiot. If they want KYC I'll give it to them now. They can email customers and ask for KYC.

There is zero chance they will be allowed to keep coins because a customer didn't fill out kyc; that is pure theft and they will not only be sued if they try to pull that scam they will face lengthy prison terms.

Why don't you get out of these forums and go hang out with your scamming criminal friends from Cryptopia you human vile scum.

It is quite obvious these scammers are trying to pull of an exit scam. They lost 5% of the coins which is a very small fraction of the coins on the exchange. That should never have been enough to shut down the exchange. They were looking for a way to shut down and steal all the coins.

The hack was an inside job to give them an excuse to shut down and try and come up with any way they can to steal all the coins, which are worth 300 million usd.

They stalled to make us believe  they would be opening back up again to give themselves time to try and pull off their exit scam.


Who pissed in your cornflakes you ranting fuckwit. Why should the liquidators have to waste resources chasing your ass up to give your 10 mydickis2small coin back?
legendary
Activity: 2632
Merit: 1094
I am sure they'll ask every account holder for personal information now and make it even more difficult to claim so that they can say that they tried to make it fair but not give anyone their rightfully owned tokens back. Bankruptcy excuse is a joke.
legendary
Activity: 2268
Merit: 1092
from mid 2018 netcoin 51% attack maintenance shit and others numerous crypto projects rip, cryptsy style profits for exchange centralization. In general thinking, how liquidators will deal about dead blockchains?

Dead blockchains are not an issue for the liquidator.. Coin networks are run by the coin communities and their developers. If a coin is dead the coin users or the community need to revive the blockchain prior to the distributio n by the liquidators to receive their coins otherwise they will be lost forever.

Technically, the blockchain doesn't need to be moving at the time of funds distribution, so long as Cryptopia's liquidator posts a copy of the raw transactions (or someone captures them) so they can be re-broadcast in the future. Valid raw transactions can be broadcast by any peer; the original sending client does not need to remain online.
newbie
Activity: 64
Merit: 0
GIVE PEOPLE ONLY TO SAVE THE SITE TO BE WORKED AND TRADERS, THAT WE CAN MAKE INVESTED MONEY TO HANDLE AND WORK, GIVE UP BUT THIS IS BEFORE THE MOST, THERE ARE MANY PEOPLE HERE FROM 14 JANUARY MANY ON A LOSS !!! ONLY CALL THAT YOU WILL AND PASS THE SITE TO BE TRADED !!!
jr. member
Activity: 127
Merit: 5
So whats the story with only paying back the coins to kyc clients? Why not, you not bother with full requirements why should the liquidators waste time trying to track their sorry asses down.

They never made KYC mandatory you stupid idiot. If they want KYC I'll give it to them now. They can email customers and ask for KYC.

There is zero chance they will be allowed to keep coins because a customer didn't fill out kyc; that is pure theft and they will not only be sued if they try to pull that scam they will face lengthy prison terms.

Why don't you get out of these forums and go hang out with your scamming criminal friends from Cryptopia you human vile scum.

It is quite obvious these scammers are trying to pull of an exit scam. They lost 5% of the coins which is a very small fraction of the coins on the exchange. That should never have been enough to shut down the exchange. They were looking for a way to shut down and steal all the coins.

The hack was an inside job to give them an excuse to shut down and try and come up with any way they can to steal all the coins, which are worth 300 million usd.

They stalled to make us believe  they would be opening back up again to give themselves time to try and pull off their exit scam.
full member
Activity: 410
Merit: 106
So whats the story with only paying back the coins to kyc clients? Why not, you not bother with full requirements why should the liquidators waste time trying to track their sorry asses down.
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
from mid 2018 netcoin 51% attack maintenance shit and others numerous crypto projects rip, cryptsy style profits for exchange centralization. In general thinking, how liquidators will deal about dead blockchains?

Dead blockchains are not an issue for the liquidator.. Coin networks are run by the coin communities and their developers. If a coin is dead the coin users or the community need to revive the blockchain prior to the distributio n by the liquidators to receive their coins otherwise they will be lost forever.


 I believe the liquidator will seek legal clarification to distribute the crypto.
This is to prevent a legal challenge later by other creditors claiming it was done wrong.

The only fair way that I can see is if the users get their actual coins back which according to the Terms and Conditions are held in trust.
full member
Activity: 259
Merit: 100
from mid 2018 netcoin 51% attack maintenance shit and others numerous crypto projects rip, cryptsy style profits for exchange centralization. In general thinking, how liquidators will deal about dead blockchains?
newbie
Activity: 641
Merit: 0
give me my pakcoin back  Angry

you hold all pakcoin
sr. member
Activity: 340
Merit: 250
'determining how to make distributions to account holders will take some months at least'
🙄
Allow users to access their own wallets. Extremely simple. Everybody knows you are ignoring this because you are trying to facilitate your client's exit scam with customers' funds.
full member
Activity: 259
Merit: 100
legendary
Activity: 2020
Merit: 1041
This is hilarious, dumbasses blackmailing a bankrupt company the stupidity of some idiots.

https://twitter.com/CryptoJ0ules/status/1132762617620172801?s=19

I'd be more worried about this wording:

"...but the information they need is hosted on servers run by an Arizona company..."

and

"The liquidators are concerned that if they don't pay the Arizona company, Cryptopia's data could be overwritten or lost."

This implies that Cryptopia don't have a local (or otherwise external) backup of their own data.


if ever there is a bill to be paid that just accumulated for years/months, the exit scam was planned for a long time. because paying bills will be covered by cryptopia users and they rather keep the money.

Just some random Twitter account throwing in the name Bloomberg without source or links  so basicly nothing.

Edit:

Actually found it on the Bloomberg site .. well I guess cryptopia was their only customer because none will ever do business with them again.

full member
Activity: 259
Merit: 100
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
Cryptopia Liquidator files for relief in NY court (so USA creditors recognise the liquidation)

https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/11---order-granting-emergency-motion-for-provisional-relief.pdf



img]https://i.imgur.com/vQwdVaO.png[/img]


full member
Activity: 259
Merit: 100
If want to loose a friend - lend him money. In crypto is worse... Congratulations for CT management with over one million brand new haters in trust. The king is naked.
legendary
Activity: 3416
Merit: 1059
This is hilarious, dumbasses blackmailing a bankrupt company the stupidity of some idiots.

https://twitter.com/CryptoJ0ules/status/1132762617620172801?s=19

I'd be more worried about this wording:

"...but the information they need is hosted on servers run by an Arizona company..."

and

"The liquidators are concerned that if they don't pay the Arizona company, Cryptopia's data could be overwritten or lost."

This implies that Cryptopia don't have a local (or otherwise external) backup of their own data.


if ever there is a bill to be paid that just accumulated for years/months, the exit scam was planned for a long time. because paying bills will be covered by cryptopia users and they rather keep the money.
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
legendary
Activity: 2268
Merit: 1092
hero member
Activity: 1316
Merit: 514
The liquidation decision came after the high of BTC 8000 $

We deal with thieves

Its a wild wild west, When all exchange has the power to rule us all. Its a simple to say that all exchange can f*ck us anytime they want to. Where is the SEC when we need them the most, New Zealand laws will probably favor this scamming company and its liquidators to get paid first instead of the users who trusted cryptopia with their money.
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