Cryptopia Cryptocurrency Platform Services and Development - page 53.

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

Quote from: Lafu on June 14, 2019, 10:12:28 AM

@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 !

I was simply wondering what your thoughts were on the matter and was hoping to engage you in conversation here so that others to get a feel for the merits or follys of taking such action.

I feel any action should only occur if charges were brought against any employee's of Cryptopia.

I'm glad we agree on at least one thing.

Lafu

legendary

Activity: 3220

Merit: 3509

@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 !

erikalui

legendary

Activity: 2632

Merit: 1094

Quote from: thehun on June 10, 2019, 05:16:38 PM

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.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: almightyruler on June 14, 2019, 01:16:59 AM

Quote from: Timelord2067 on June 13, 2019, 10:36:16 PM

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.

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

Quote from: almightyruler on June 14, 2019, 01:16:59 AM

Quote from: Timelord2067 on June 13, 2019, 10:36:16 PM

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? Cool

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.

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: Timelord2067 on June 13, 2019, 10:36:16 PM

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?

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

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?

Neloc75

newbie

Activity: 189

Merit: 0

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.

thehun

legendary

Activity: 1212

Merit: 1037

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

TheCryproMaster

full member

Activity: 410

Merit: 106

Quote from: ethersalvation on June 10, 2019, 05:15:23 AM

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?

ethersalvation

jr. member

Activity: 93

Merit: 1

They will give back maximum 30% of the coins. Unfortunately this is how this generally works.

somebody else

jr. member

Activity: 87

Merit: 2

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.

somebody else

jr. member

Activity: 87

Merit: 2

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.

xtraelv

legendary

Activity: 1288

Merit: 1926

฿ear ride on the rainbow slide

Quote from: RivAngE on June 07, 2019, 05:26:33 AM

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.

Timelord2067

legendary

Activity: 3696

Merit: 2219

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Quote from: g1itch on June 07, 2019, 04:44:18 AM

Did you see this?

https://twitter.com/eca_foundation?lang=uk

Sure did - a whole five days ago:

Quote from: Timelord2067 on June 01, 2019, 06:14:58 PM

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

Feel free to join us with any online articles about Cryptopia.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: xtraelv on June 07, 2019, 02:44:42 AM

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.

g1itch

member

Activity: 228

Merit: 10

Did you see this?

https://twitter.com/eca_foundation?lang=uk

xtraelv

legendary

Activity: 1288

Merit: 1926

฿ear ride on the rainbow slide

Source: https://officialdapscoin.com/daps-legal-assistance-cryptopia-liquidation/

yanoaziz

full member

Activity: 537

Merit: 100

Quote from: arielbit on June 05, 2019, 01:41:46 AM

https://www.ccn.com/quadrigacx-crypto-exchange-fbi-investigation

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.

arielbit

legendary

Activity: 3444

Merit: 1061

https://www.ccn.com/quadrigacx-crypto-exchange-fbi-investigation

cryptopia crooks and pricks...FBI is going to knock on your doors soon

Topic: Cryptopia Cryptocurrency Platform Services and Development - page 53. (Read 174444 times)