Cryptopia has been in "maintenance" for the last 14 hours!

Bitcoin_Arena

copper member

Activity: 2030

Merit: 1788

฿itcoin for all, All for ฿itcoin.

Quote from: zazarb on March 09, 2021, 08:28:25 AM

Maybe i woke up too late and this is not the place, but i can't find another one where the claims of account holders are discussed?
( I still not received inviting to register on the Cryptopia claims portal.)

You have been away for too long especially for someone with funds in an exchange. It has always been said that it's not a good practice to use exchanges as wallets to hold funds for long periods of time as anything from short notice shutdown to hack can happen to an exchange

Trying using the forum search button or this tool (https://ninjastic.space/search) to locate different threads discussing Cryptopia

I did get a few threads and links
1. https://bitcointalksearch.org/topic/cryptopia-exchange-refunds-5244875
2. https://bitcointalksearch.org/topic/unofficial-thread-announcements-regarding-the-cryptopia-security-breach-5114363
3. https://www.grantthornton.co.nz/cryptopia-limited/
4. https://twitter.com/Cryptopia_NZ

zazarb

legendary

Activity: 3374

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

Maybe i woke up too late and this is not the place, but i can't find another one where the claims of account holders are discussed?
( I still not received inviting to register on the Cryptopia claims portal.)

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Liquidators’ Fourth Report on the State of Affairs of Cryptopia Limited (in Liquidation) (Dec 11 2020)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/fourth-liquidators-report_cryptopia.pdf

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Liquidators’ Third Report on the State of Affairs of Cryptopia Limited (in Liquidation) Company number: 2392901 (12 June 2020)

https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/third-liquidators-report_cryptopia-12-06-2020.pdf

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: condoras on April 09, 2020, 10:10:03 AM

Quote from: figmentofmyass on April 08, 2020, 07:28:25 PM

it seems to be. i'm pleasantly surprised! i would have thought they'd have gone the way of standard bankruptcy proceedings (like mt gox) where account holders are ranked behind other creditors.

under that scheme, account holders would only recover ~1/2 of their funds. they will probably recover closer to 80% or more this way.

Most likely because they "understand" that most of the cryptopia creditors are its holders...

the same applied to mt gox.

the difference here is that mt gox held funds in an omnibus account, with no segregation of user accounts. in this case, the court found that since customer funds were segregated properly, they were held "in trust" and therefore are not company funds. therefore those funds cannot be used to pay cryptopia's creditors.

for those who have been fuming at rob dawson and adam clark for their incompetence (or maybe an inside job): at least they properly segregated user funds. now you're gonna get a lot more money back!

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Quote from: gentlemand on April 08, 2020, 07:50:32 PM

Quote from: Raja_MBZ on April 08, 2020, 07:42:24 PM

However, the blockchains of the coins that I had at Cryptopia have already forked to get rid of Cryptopia's holdings/dump... Roll Eyes

A true definition of shitcoin.

True, most of such coins revolve around the decisions of just two or three developers. They can do anything they want with their chains.

Quote from: gentlemand on April 08, 2020, 07:50:32 PM

Are there any threads on here about exchange ruination resolution? I saw a thing about a Cryptsy payout today, an insulting one, I can't think off the top of my head about any dead exchanges that had a happy ending.

It's not just you; I can't think of one good ending either. Undecided

Quote from: figmentofmyass on April 08, 2020, 08:00:34 PM

is there a full accounting of the crypto funds posted somewhere? all the numbers i've seen are old and converted to USD. i'm wondering because the hack occurred in january 2019 when BTC was only worth half its current value.

That's a good point. I googled quite a lot and didn't really find the number of coins. Roll Eyes

It's frustrating that Cointelegraph or Coindesk didn't bother to at least filter such stats out from the Cryptopia's addresses.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

is there a full accounting of the crypto funds posted somewhere? all the numbers i've seen are old and converted to USD. i'm wondering because the hack occurred in january 2019 when BTC was only worth half its current value.

Quote from: gentlemand on April 08, 2020, 07:50:32 PM

Does this judgement definitively mean people will get a decent portion of what they had there back or is it just the first step?

it sounds definitive, but who knows?

supposedly account holders were slated to get back 1/2 their holdings in a bankruptcy like mt gox. now they will get considerably more: https://www.stuff.co.nz/business/120913953/cryptopia-account-holders-win-battle-over-assets-worth-140m

gentlemand

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Welt Am Draht

Quote from: Raja_MBZ on April 08, 2020, 07:42:24 PM

However, the blockchains of the coins that I had at Cryptopia have already forked to get rid of Cryptopia's holdings/dump... Roll Eyes

A true definition of shitcoin.

Does this judgement definitively mean people will get a decent portion of what they had there back or is it just the first step?

Are there any threads on here about exchange ruination resolution? I saw a thing about a Cryptsy payout today, an insulting one, I can't think off the top of my head about any dead exchanges that had a happy ending.

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

We finally have an update after months of waiting:

Quote from: HCP on April 08, 2020, 04:45:25 PM

A "win" for customers?

Website: https://www.stuff.co.nz/business/120913953/cryptopia-account-holders-win-battle-over-assets-worth-140m
Title: Cryptopia account holders win battle over assets worth $140m
Byline and Date: Martin van Beynen and Sam Sherwood - 18:33, Apr 08 2020
Archive link: https://archive.vn/IpDZh

Quote from: https://twitter.com/Cryptopia_NZ/status/1247765372444409859

(1/2) Today, 8 April 2020, Justice Gendall delivered his judgement finding firstly, cryptocurrencies are “property” within the definition outlined in s2 of the Companies Act 1993 and secondly, that account holders' cryptocurrency were held on multiple trusts, separated by ...

Quote from: https://twitter.com/Cryptopia_NZ/status/1247765397962555393

(2/2) ... individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company. Read the full judgement here: https://bit.ly/3c1tbMx

However, the blockchains of the coins that I had at Cryptopia have already forked to get rid of Cryptopia's holdings/dump... Roll Eyes

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

After months of waiting, we now have another (sort-of-lame) update:

Update for Cryptopia account holders 25 October 2019

https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-October-2019/

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

The link to a fresh update has just been posted by Cryptopia's official Twitter handle:

Update for Cryptopia account holders 20 August 2019

https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Quote from: gentlemand on July 20, 2019, 07:39:46 AM

Quote from: Raja_MBZ on July 19, 2019, 06:38:45 PM

FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’

https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/

Roll Eyes

Article gone.

Yup:

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Quote from: Raja_MBZ on July 19, 2019, 06:38:45 PM

FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’

https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/

Roll Eyes

Article gone.

Another one here - https://steemit.com/palnet/@vcdragon/version-of-the-story-of-cryptopia-from-developer-him-self-how-it-start-and-end

The allegation is that a company named Intranel, who one of the original Cryptopia owners worked for, eased their way into running the exchange and they're the ones who did an inside job with the hack just as they were forced out.

Nothing to confirm who the writer is though.

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’

https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/

Roll Eyes

bradock

jr. member

Activity: 268

Merit: 3

lol read this guy post about this
https://bitcointalksearch.org/topic/cryptopia-thinking-scamming-people-is-a-cool-job-and-gonna-try-again-5146541
https://cryptonomist.ch/en/2019/05/22/cryptopia-founder-exchange-assetylene/

figmentofmyass

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Activity: 1652

Merit: 1483

Quote from: The Sceptical Chymist on May 17, 2019, 03:28:43 PM

Yep, I just took a look at their home page and it definitely looks like shit an exit-scamming exchange would write. I never used Cryptopia, but I do feel bad for everyone who had coins there. Unbelievable. It's stuff like this that makes me really nervous about depositing even small amounts of crypto on an exchange. This last thing with Binance had me paranoid for about a week while they had deposits and withdrawals suspended. Binance customers got lucky, I guess. Cryptopia customers got screwed.

it's not just a matter of luck. this space has always been awash with shady, fly-by-night, and incompetent exchanges. doing some due diligence on where you deposit funds is paramount.

binance and cryptopia are worlds apart in front-end coding, back-end coding, wallet maintenance, support. the list goes on. before cryptopia got hacked, they were a step above yobit---not somewhere i would be depositing funds.

Quote from: The Sceptical Chymist on May 17, 2019, 03:28:43 PM

Quote from: pinoycash on May 15, 2019, 07:47:27 PM

And they are already off the hook and free to do anything even launch a new exchange if they want to.

Are they? This just happened, so isn't the outcome at this point at least a little uncertain? I would assume that there are a lot of pissed off people who had coins on Cryptopia who might want to take some action, much like the Cryptsy situation (but I'm not even sure what the final outcome was of that one).

i doubt they'll be held criminally liable for being hacked. people might try civil actions but they'll probably get stonewalled by the liquidation process. plus, it'll be like trying to get blood from a stone.

looks like the founder really is trying to launch another exchange: https://www.coindesk.com/collapsed-cryptopia-exchange-founder-wants-you-to-put-funds-in-his-new-project

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Quote from: https://twitter.com/Cryptopia_NZ/status/1131387671161425922

The New Zealand Court has granted a 10 working day extension on the initial Cryptopia Ltd Liquidators report. It is now due on 4 June and will be available on the New Zealand Companies website when it is submitted

pinoycash

hero member

Activity: 1316

Merit: 514

Quote from: mr.relax on May 17, 2019, 01:11:45 AM

Novaexchange has hidden hosting as whois shows.
I also cannot find an imprint on the website.
Who is the company behind?
Its shady as its totally anonymous but asks users to do KYC.
I prefer KYE(KnowYourExchange) before I sent a satoshi there...

There was no information about the new owners. They are aggressive and getting more coins onboard in their project but due to their stiff exchange listing fees not many projects are getting listed on their platform due to non-existent volume.

Quote from: Raja_MBZ on May 16, 2019, 05:46:44 PM

Looks like someone really wants to be the next Cryptopia:

Quote from: https://twitter.com/nova_exchange/status/1128720069939400704

Alert! If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/ #Cryptopia #novaexchangev

You mean the next exchange that will get hacked Cheesy

The Sceptical Chymist

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Cashback 15%

Quote from: erikalui on May 15, 2019, 03:49:31 PM

Now I can say that they are scammers.

Yep, I just took a look at their home page and it definitely looks like shit an exit-scamming exchange would write. I never used Cryptopia, but I do feel bad for everyone who had coins there. Unbelievable. It's stuff like this that makes me really nervous about depositing even small amounts of crypto on an exchange. This last thing with Binance had me paranoid for about a week while they had deposits and withdrawals suspended. Binance customers got lucky, I guess. Cryptopia customers got screwed.

Quote from: pinoycash on May 15, 2019, 07:47:27 PM

And they are already off the hook and free to do anything even launch a new exchange if they want to.

Are they? This just happened, so isn't the outcome at this point at least a little uncertain? I would assume that there are a lot of pissed off people who had coins on Cryptopia who might want to take some action, much like the Cryptsy situation (but I'm not even sure what the final outcome was of that one).

mr.relax

hero member

Activity: 1651

Merit: 863

Novaexchange has hidden hosting as whois shows.
I also cannot find an imprint on the website.
Who is the company behind?
Its shady as its totally anonymous but asks users to do KYC.
I prefer KYE(KnowYourExchange) before I sent a satoshi there...

Topic: Cryptopia has been in "maintenance" for the last 14 hours! (Read 1451 times)