Topic: Cryptopia Cryptocurrency Platform Services and Development - page 57. (Read 174366 times)

They lost a max of 9.4%  which means they lost about 5% of the coins. They are now trying to legally keep the other 95% of the coins, which probably total 300 million usd.

The new zealand laws should protect the customer because it is clear those coins are held in trust and not the property of crypotpia to be disposed of for cents on the dollar.

This is a stain on new zealand to not have laws that are clearly defined that protect customers assets held by an exchange.

This means if you do business in new zealand don't expect any protection from the laws because they are a third world sewer that doesn't care about customers legal rights to their own property.

It would take a week to secure all the coins and allow customers to withdraw them from the site. The customers should have exactly one month to withdraw their coins and any left over after the month is over can be sold off and dispersed to other parties involved.

Most coins on the site are not stolen and are not apart of a 51% attack, they are small caps coins that have actual legitimate value and should be treated as being very valuable.

We demand those coins be returned immediately to the customers.

or may be the ethical hacker were better than them discovering a good way to block them..

@Z7Z7

Any perspective on why the CEO left around october?

"All the eth and a lot of eth tokens were taken as they were in the same wallet."
AKA the hotwallet, WTF kind of bs is that??
The security was really that dumb, #2 most valuable asset ETH (+the tokens) all kept in one honeypot?


@xtraelv
Why are you still running cover for yet another crytopia related scam.

@sad Dam

https://twitter.com/sa_ddam213

Used to work for cryptopia.

Just a FYI- The wallets for the crap coins will probably never get back up. They dont have enough ppl left to get them running. If a coin had been in maintenance for ages before the hack then it probably had been 51%d. Shit like dbix, pak, Megacoin, xpd. They announced a few 51s but were hiding others.
All the eth and a lot of eth tokens were taken as they were in the same wallet.
I dont remember signing an NDA, ask me anything lol

Hackers often don't care as long as some of their funds go through. They often loose large amounts in the hope of laundering some.

They cannot use it if they don't launder it.

If this is the case I retract my tirade above and very sincerely apologise to Huobi and will send them my thanks shortly.

Huobi has frozen 30k ETH coming from cryptopia. That should be a good news.

Has the hacker really been so stupid?

I know it is stolen because the users that had Ethereum on Cryptopia had 100% of their Ethereum "exchanged" for the  Cryptopia Loss Marker(CLM) token. Indicating to me that 100% of the Ethereum was taken.

The issue of piracy is a deliberate process

1) = 14% of funds not 10%

This is the reason why crypto is having a bad name in the majority of new comers in the crypto world. Someone has to spend a jail time from cryptopia founders for this mess to set an example that scam exchange has no place on the crypto industry.

Nice business plan for crypto exchange:

1) Steal 10% of funds from yourself.
2) Declare the bankruptcy.
3) Steal the rest 90% of user coins.
4) Profit!

And if Cryptopia owners will not go to jail for that - this plan is totally legal...

Some part of earned profit may be spent for creating a new exchange and repeating this scheme...

From personal experience Huobi are a bunch of inbred dog fucking cunts that would sell their first born to a fucking paedo sex ring for a quick buck. They wont stop the sale of these coins. Wouldn't be surprised if they get a good percentage kick back.

Prove me wrong Leon you degenerate fucker show us your spine is not made of your boyfriends wank juice.

whale alerts has today many messages about stolen ETH sent to HUOBI.

Great! Why doesn't Cryptopia open access to the remaining wallets? My nephew would be happy to get his coins back.

nice of you to point out that scammers worked with a scammer hehe. you know "birds of the same feather flock together"..

How do you know it's stolen from Cryptopia? They never posted any TX and never disclosed any amount stolen. All they said was "significant" and "9.4% of total holdings". Why do you think they kept these a secret, I'm interested to hear your opinion.

As long as nobody from Cryptopia indicated ETH was stolen, I don't think it's up for us to say so. Why should we accredit the ideea of stolen, when there are other equally probable situations?

Cryptopia’s stolen crypto apparently found on exchanges from https://coingeek.com/cryptopias-stolen-crypto-apparently-found-on-exchanges/
New Zealand-based cryptocurrency exchange Cryptopia was reportedly hacked not once, but twice this past January. “Millions of dollars” in crypto was lost, including Ether (ETH) and Centrality (CENNZ). Cryptopia went dark shortly after the malicious activity in an effort to repair the damage and put everything back in order, only to finally succumb to its wounds last week and be placed in a coffin. The crypto community wasn’t ready to give up the hunt for what happened to the funds, and many of them have reportedly now been found.

According to Elementus, a blockchain analysis company, Cryptopia lost about $16 million in total, with hackers getting away with ETH, CENNZ, Lisk ML, Pillar, Enjin Coin, LINA and many more. A tweet by AMLT Token & Network from a few days ago indicates how the coins were distributed, stating, “As the #CryptopiaHack story continues to unfold, almost all tokens landed on major exchanges while the #ETH still sits on a hackers address according to @Coinfirm_io coinfirm.com. Below is @0xProject $ZRX @KyberNetwork $KNC @PowerLedger_io $powr going to exchanges.”

The tweet included a graph of crypto movements, assumedly showing how the different currencies were being spread.

A later tweet by Confirm stated that 10 ETH – out of the 30,790 that were stolen – ended up on “major crypto exchanges.” It didn’t, however, specify to which exchanges the funds were sent, only offering, “The #Cryptopia hacker just moved funds to a major #crypto exchange according to Coinfirm! The hacker sent 30790 #ETH (~$7.67M) to a new address (Yellow) and then sent 10 ETH (~$2500) to an exchange address (green) that then landed on their Hot Wallet.”

The tracking of the stolen funds has become an obsession with some crypto enthusiasts and analysts because there is a working theory that Cryptopia was never hacked. It is theorized that it was an inside job, a suggestion reiterated by Reddit user “seemee89,” who stated, “It’s easy to understand. Cryptopia can’t follow legal frameworks. Cryptopia pays hackers to hack exchange or they ‘hack’ themselves. Cryptopia closes the company and founders are swimming with dolphins on Fiji with Eth and [Bitcoin Core] earned. So, this Eth is actually not hackers ownership but founder ownership, right?”

I don't understand what the liquidators are going to do with safe coins... I mean those cryptocurrencies that where not stolen by hakers.... Will they sell everything and give everybody just a fraction of that they had before? Or will they let withdraw of unaffected cryptocurrencies?

It's not clear.

Scammer Assistant xtraelv
<< hat of scammer

eat a bag of rainbow coloured sheep balls
https://www.linkedin.com/in/adam-clark-20a07887/

[screen shot pls]

Why do you think liquidators should decide about things which are not part of the Cryptopia's assets?

I don't want that anybody decide about my asset except me!

I want all coins which are at my portfolio. I don't want fiat.

I did not accredit any liquidators to work with my coins.

I want to decide what to do with my coins, and that is my right.



I AGREE