Topic: [Cryptopia] ONLINE ARTICLES related to hack &theft of funds 2022 (non discussion - page 2. (Read 5646 times)
April 19, 2020, 10:09:29 AM
update on 08 April 2020:
April 09, 2020, 02:56:38 PM
Please note, this is not a discussion thread as the thread title states.
Would you please take any comments concerning Cryptopia to the thread https://bitcointalksearch.org/topic/cryptopia-cryptocurrency-platform-services-and-development-1669443
Thank you.
Would you please take any comments concerning Cryptopia to the thread https://bitcointalksearch.org/topic/cryptopia-cryptocurrency-platform-services-and-development-1669443
Thank you.
April 09, 2020, 12:05:34 PM
Looks like the creditors are only going to get around half of their money back. Grant Thornton has just received confirmation from the NZ courts that the individual account holders are owed whatever is in their account balance, this wont be weighed up proportionally, customers will simply get back whatever they put in and the creditors will be the only ones to lose out.
It also appears that it was an inside job, since someone seemingly walked in with these keys and then walked out with all the money. The investigation into the source of the breach is still ongoing.
It also appears that it was an inside job, since someone seemingly walked in with these keys and then walked out with all the money. The investigation into the source of the breach is still ongoing.
April 09, 2020, 10:10:03 AM
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.
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...
Who knows? Under the current circumstances, it will take much more time to end with this and find out.
April 08, 2020, 10:13:42 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
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
Thanks for posting the link and keeping us updated while these restrictive travel restrictions are in place.
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.
under that scheme, account holders would only recover ~1/2 of their funds. they will probably recover closer to 80% or more this way.
Perhaps "Dumb and Dumbererer" (and others) will be left to foot the bill?
Post 5,400
April 08, 2020, 07:28:25 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
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
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.
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
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
March 31, 2020, 05:05:53 PM
Hey guys,
No one has put a link to the latest documents (early march) that are post high court trial
(they are at the bottom of this link : https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-10-february-2020/)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/g.-submission-of-counsel-for-creditors-re-quoine-pte-ltd-v-b2c2-ltd-2-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/h.-submission-of-counsel-for-account-holders-re-quoine-pte-ltd-v-b2c2-ltd-4-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/i-.submission-of-counsel-for-the-liquidators-re-quoine-pte-ltd-v-b2c2-ltd-10-march-2020.pdf
Interesting, instead of making their own opinion on the matter (ie cryptopia hack) they are trying to see how it realtes to a "similar" conflict in Singapore between B2c2 and Quoine .......
Fucking pathetic, release the fucking coins, clients / users are not creditors !
With Covid19, all none urgent trials are on hold.
(my wife works in the Justice precinct)
No one has put a link to the latest documents (early march) that are post high court trial
(they are at the bottom of this link : https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-10-february-2020/)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/g.-submission-of-counsel-for-creditors-re-quoine-pte-ltd-v-b2c2-ltd-2-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/h.-submission-of-counsel-for-account-holders-re-quoine-pte-ltd-v-b2c2-ltd-4-march-2020.pdf
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/2020/i-.submission-of-counsel-for-the-liquidators-re-quoine-pte-ltd-v-b2c2-ltd-10-march-2020.pdf
Interesting, instead of making their own opinion on the matter (ie cryptopia hack) they are trying to see how it realtes to a "similar" conflict in Singapore between B2c2 and Quoine .......
Fucking pathetic, release the fucking coins, clients / users are not creditors !
With Covid19, all none urgent trials are on hold.
(my wife works in the Justice precinct)
February 09, 2020, 03:18:13 PM
A new good article here :
Stuff : Sabotage or theft? Inside the $24m Cryptopia heist
archive : https://archive.ph/j3Miu
Stuff : Sabotage or theft? Inside the $24m Cryptopia heist
Quote
Cryptopia could have been one of New Zealand's most successful hi-tech start-ups. Its end was caused by one of the country's biggest heists worth $24 million. SAM SHERWOOD and MARTIN VAN BEYNEN follow the twisted path to the company's collapse......
archive : https://archive.ph/j3Miu
January 26, 2020, 10:16:52 PM
Website: https://eng.ambcrypto.com/cryptopia-case-rescheduled-at-christchurch-high-court/
Title: Cryptopia case rescheduled at Christchurch High Court
Byline and Date: Rakshitha Narasimhan, January 17, 2020
Archive link: https://archive.ph/wip/Xy11K
Title: Cryptopia case rescheduled at Christchurch High Court
Byline and Date: Rakshitha Narasimhan, January 17, 2020
Archive link: https://archive.ph/wip/Xy11K
Thanks for the link & website details - There are a number of other posts on that site over the lst few months that contain some useful information.
I'll endeavour to posts links shortly.
January 26, 2020, 09:54:20 PM
Website: https://eng.ambcrypto.com/cryptopia-case-rescheduled-at-christchurch-high-court/
Title: Cryptopia case rescheduled at Christchurch High Court
Byline and Date: Rakshitha Narasimhan, January 17, 2020
Archive link: https://archive.ph/wip/Xy11K
Title: Cryptopia case rescheduled at Christchurch High Court
Byline and Date: Rakshitha Narasimhan, January 17, 2020
Archive link: https://archive.ph/wip/Xy11K
January 14, 2020, 09:23:57 AM
Interesting if true - all I can say for the moment I guess is "watch this space".
January 14, 2020, 03:32:39 AM
Hey Timelord,
A message I posted here : https://bitcointalksearch.org/topic/m.53600153
A message I posted here : https://bitcointalksearch.org/topic/m.53600153
This is what one of my friend in Christchurch has written on the FB group we co-admin.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
Quote
Today marks the 1 Year Anniversary of the Cryptopia Hack that is one of the biggest Heists in New Zealand History.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/…/cryptopia-breach-highlights-gaps-…
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/…/cryptopia-boss-blames-former-shar…
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/…/cryptopia-breach-highlights-gaps-…
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/…/cryptopia-boss-blames-former-shar…
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
December 18, 2019, 05:23:52 PM
This was posted a few days ago:
Website: https://www.rnz.co.nz/news/business/405446/liquidators-retrieve-cryptopia-customer-info-from-arizona
Title: Liquidators retrieve Cryptopia customer info from Arizona
Byline and Date: 2:01 pm on 13 December 2019
Archive link: https://archive.is/CltKn
Website: https://www.rnz.co.nz/news/business/405446/liquidators-retrieve-cryptopia-customer-info-from-arizona
Title: Liquidators retrieve Cryptopia customer info from Arizona
Byline and Date: 2:01 pm on 13 December 2019
Archive link: https://archive.is/CltKn
November 01, 2019, 02:10:58 AM
Not an online article as such... but I received this email:
Which leads to:
Website: https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-october-2019/
Title: Update for Cryptopia account holders 25 October 2019
Date: 25 Oct 2019
Archive Link: https://web.archive.org/web/20191101060947/https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-october-2019/
Quote
Dear Cryptopia Stakeholder,
You are being emailed as part of the Liquidation of Cryptopia Limited.
The liquidators have applied to the High Court of New Zealand for directions regarding the legal status of customer holdings and the ability to hold Cryptocurrency on trust. The Liquidators have asked the Court to appoint two Queen’s Counsel for these proceedings.
The Court has approved the Queen’s Counsel appointment and service of this order must be effected by the liquidators sending an email with a link to these proceedings for all potential trust beneficiaries and creditors that Cryptopia held email addresses for.
The Court orders and an update from the liquidators can be found at the link below:
https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-october-2019/
Please do not reply to this email. This mailbox is not monitored and you will not receive a response.
You are being emailed as part of the Liquidation of Cryptopia Limited.
The liquidators have applied to the High Court of New Zealand for directions regarding the legal status of customer holdings and the ability to hold Cryptocurrency on trust. The Liquidators have asked the Court to appoint two Queen’s Counsel for these proceedings.
The Court has approved the Queen’s Counsel appointment and service of this order must be effected by the liquidators sending an email with a link to these proceedings for all potential trust beneficiaries and creditors that Cryptopia held email addresses for.
The Court orders and an update from the liquidators can be found at the link below:
https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-october-2019/
Please do not reply to this email. This mailbox is not monitored and you will not receive a response.
Which leads to:
Website: https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-october-2019/
Title: Update for Cryptopia account holders 25 October 2019
Date: 25 Oct 2019
Archive Link: https://web.archive.org/web/20191101060947/https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-october-2019/
September 05, 2019, 08:30:27 PM
Website: https://thenextweb.com/hardfork/2019/08/21/cryptopia-blockchain-liquidator-update-funds-pooled/
Title: Liquidators of dead shitcoin factory Cryptopia must reconcile 900,000 user accounts one-by-one - Probably a good thing it died
Byline and Date: Matthew Beedham Published August 21, 2019 — 13:27 UTC
Archive link: https://web.archive.org/web/20190905100823/https://thenextweb.com/hardfork/2019/08/21/cryptopia-blockchain-liquidator-update-funds-pooled/
Website: https://www.coindesk.com/cryptopia-exchange-kept-users-cryptos-in-pooled-wallet-liquidator
Title: Cryptopia Exchange Kept Users’ Cryptos in Pooled Wallet: Liquidator
Byline and Date: Daniel Palmer Aug 21, 2019 at 11:00 UTC Updated Aug 21, 2019 at 11:02 UTC
Archive link: https://web.archive.org/save/https://www.coindesk.com/cryptopia-exchange-kept-users-cryptos-in-pooled-wallet-liquidator
Title: Liquidators of dead shitcoin factory Cryptopia must reconcile 900,000 user accounts one-by-one - Probably a good thing it died
Byline and Date: Matthew Beedham Published August 21, 2019 — 13:27 UTC
Archive link: https://web.archive.org/web/20190905100823/https://thenextweb.com/hardfork/2019/08/21/cryptopia-blockchain-liquidator-update-funds-pooled/
Website: https://www.coindesk.com/cryptopia-exchange-kept-users-cryptos-in-pooled-wallet-liquidator
Title: Cryptopia Exchange Kept Users’ Cryptos in Pooled Wallet: Liquidator
Byline and Date: Daniel Palmer Aug 21, 2019 at 11:00 UTC Updated Aug 21, 2019 at 11:02 UTC
Archive link: https://web.archive.org/save/https://www.coindesk.com/cryptopia-exchange-kept-users-cryptos-in-pooled-wallet-liquidator
August 21, 2019, 04:49:22 AM
Via this tweet: https://twitter.com/Cryptopia_NZ/status/1163969008191725568
Website: https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/
Title: COMPANIES IN RECEIVERSHIP AND LIQUIDATION Update for Cryptopia account holders 20 August 2019
Byline and Date: 21.8.2019
Archive link: https://web.archive.org/web/20190823024752/https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/
Edit: added the archive link.
Website: https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/
Title: COMPANIES IN RECEIVERSHIP AND LIQUIDATION Update for Cryptopia account holders 20 August 2019
Byline and Date: 21.8.2019
Archive link: https://web.archive.org/web/20190823024752/https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/
Edit: added the archive link.
August 19, 2019, 10:25:37 PM
Excuse me if i'm not posting a link, if it's the case delete my post and sorry, but with all these posts and adresses, not being english native speaker, i didn't get if there is an official email to write about a refund request as a simple user.
Thanks if you want to point this email adress out.
Thanks if you want to point this email adress out.
You have to mail to [email protected] if you want to write to them !
Thats the offical email now to contact cryptopia and the liquidators !
But this is not necessary, right? I haven't reached out to them. I mean, cryptopia is not asking all their clients to write them an email to recognize their claims, right? So far, after more than half a year since the hack happened, all I did was wait for them to issue an official statement with instructions to their users on how to receive the refund. So far, it has not arrived yet. Twitter is my only way to access to new updates regarding the liquidation.
August 19, 2019, 12:59:29 PM
There are threads concerning Cryptopia that may suit your FUD. Please take them elsewhere.
See thats exactly the Reason you are on my Ignore list now too , cheers for that !
Thats no " FUD " as you written , That are facts that i just posted here for and kind of Information for you , because its related to the Cryptopia thing !
Maybe if you would doing your research better for the things then you have seen or noticed that " Vcdragon " who has written the article are just was an normal User as the most of us !
I will stop here and dont give any Information here or in the other Thread in the Future when there are Updates or News coming !
And with your post you will be for sure on my distrust list now , because i was realy thinking to take you away from it , but you keep staying there now !
Cheers , a waste of time to write with or to you !
August 19, 2019, 08:51:52 AM
He has only written that article and was a normal customer thats all !
Just to clear this things and anybody think he is a Co-Founder , he i s not or was !
This thread is not for discussions concerning Cryptopia. Please refrain from further discussions that are off topic.
There are threads concerning Cryptopia that may suit your FUD. Please take them elsewhere.
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