Bitcoin Forum

I haven't seen hide nor hair from Bruno over this one yet either..

It's not just about the loss of funds, it's also about the fact that many teams paid them to host their coins and then were delisted.  Coinexchange and many other exchanges do not delist coins like that.   If Cryptopia go down, a lot of coins will have some significant losses to their plans, because they won't have an exchange to trade on anymore.  It will be good to see decentralized exchanges and free listings of coins which has been happening in the newer small exchanges.

New Zealand police:
http://www.police.govt.nz/news/release/investigation-involving-crypto-currency-company

https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae      over 19k eth have been stolen?

A user named Mark Patterson just offered 211.000 mgo for an over the counter trade in the mobilego telegram community channel. These 211.000 mgo where stolen from cryptopia. Warn your community members if your coin is stolen.

for now we know only about $5 millions of eth and cennz but i doubt its the only crypto stolen

looks like it started 2 days ago
https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae

until today
https://etherscan.io/address/0xc8b759860149542a98a3eb57c14aadf59d6d89b9

Here are wallets with some interesting activity in it. I do not want to describe all info - everything is in blockchain
Litecoin: (Pay attention on chart and time)
A. https://bitinfocharts.com/ru/litecoin/address/Lcwr6zgXEMtPyrqeTxWTfYwUU11AuaoM1w
Bitcoin:
B. https://www.blockchain.com/btc/address/3FeGz3AivG9SUEPKcGASh4ZcD9JojUjHSL
C. https://bitinfocharts.com/bitcoin/address/bc1q2p55hccg33g6v645nspwnayzpcl99jaf3gyfpx2g8lzydc4saslq3emz6k
D. https://bitinfocharts.com/bitcoin/address/bc1q3tmym7hjvhu888l8ljy37yywx02zl9j3cyw6qaee5cf2cvl30e8sre8n0u

And as I can see wallet B is moving again
__________________________________________________
All provided info is IMO only and DYOR, please.

Hackers sent back 122735 ETC coins, Thank you! Proof: http://gastracker.io/tx/0x49eb0ce36b609cd2de285a7f4cf337669aafa4618f4d71d3f03df56d4854443e … http://gastracker.io/tx/0xe0dba59a6ad897edb49a9202be5870dbd9dd071dd039bf502818b9c56759b076 … We added 43000 ETC (est 50 btc) to FreeCoins: https://yobit.net/en/freecoins/  New InvestBox for ETC (0.1% / daily): https://yobit.net/en/investbox/

Police have locked down the office of a Christchurch cryptocurrency trader after it lost what appears to be millions of dollars worth of currency in a security breach.

Cryptopia's Colombo St headquarters was under police lock down on Wednesday morning after a "significant amount" of cryptocurrency is thought to have been transferred at the trader without authorisation.

Some staff gathered in the upstairs car park as others were questioned by police.

 An officer was visible in the second-storey window of the Colombo St office. Another stood in the foyer behind locked sliding doors.

Investigators were flying down from Wellington on Wednesday morning, police said.

 A police statement said officers were advised late on Monday of "an issue involving potential unauthorised transaction activity".

Police were taking the matter "very seriously", the statement said.

"We are currently talking to the company to gain a further understanding of what has occurred.

    pic.twitter.com/0ZwqFfwwHi
    — Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019

"A dedicated investigation team is being established in Christchurch including specialist police staff with expertise in this area."

And now the capital markets regulator the Financial Markets Authority has been called in.

An FMA spokesman said Cryptopia reported the breach to the FMA on Wednesday morning.

 "We will be engaging with the firm and the police."

The FMA has received complaints about Cryptopia in the past and these were either forwarded onto a dispute resolution service or the FMA explained to Cryptopia customers the process for making a complaint to the dispute resolution service, the spokesman said.

The FMA did not regulate Cryptopia or the cryptocurrencies that it trades, but those providing a financial service related to cryptocurrencies needed to register on the Financial Services Providers Register – which enabled customers to access an independent dispute resolution service, he said.

 Easy Crypto co-founder Janine Grainger said the Cryptopia incident did not do the cryptocurrency market any favours.

"Every time there's a hack like this it does instil a bit of uncertainty in the public's mind," Grainger said.

"Part of the problem is it's a very young industry so hacks like this are fairly common place."

 She said there had been reports by blockchain transaction monitoring accounts on social media that the Cryptopia transfer involved two transactions worth a US$3.6 million (NZ$5.3m) combined.

One was for US$1.2m worth of a cryptocurrency called Centrality. That equates to 48 million tokens.

The second was for US$2.4m in Ethereum, or about 19 thousand tokens.

She said it was unlikely the tokens would ever be found, because there were so many exchanges they could be traded through, making tracing them a difficult task.

"I would imagine whoever has taken these funds is very good at hiding their tracks."

The best cryptocurrency experts in the world would have trouble finding out what happened to the funds, let alone the New Zealand police, she said.

She hoped police would learn from the experience and dedicate more resources to cryptocurrency crime prevention.

She warned cryptocurrency investors to be careful where they store their funds.

Rather than storing cryptocurrency in exchanges they should be kept in "cold storage", a secure storage system that's not connected to the internet such as a USB drive.

A number of Kiwis have been posting about losses on social media.

Adam Lyness, who worked as Cryptopia business development manager until November, said he did not have any information other than what was in the public domain.

He said people went into cryptocurrency trading knowing the risks involved.

"It's a new industry so I think most people going in would be aware and go in with their eyes open to the risks."

The industry had a history of security breaches, Lyness said.

"That's the nature of the industry."

He said when he left Cryptopia it had about 100 staff.

However, Companies Office records show Lyness still owns a third of a company called Intranel Consulting, which owns a quarter of Cryptopia.

Late on Sunday Cryptopia tweeted it was experiencing "unscheduled maintenance".

Then on Monday, it posted a statement to Twitter saying it had suffered a "security breach" that day which resulted in "significant losses".

    #Cryptopia has announced that they have faced #security #breach, with rumours circulating that a large amount of #ERC20 assets have been lost. Which seem to be true when we look to their hot wallet; https://t.co/JiwfNz0Xhw pic.twitter.com/lni0yl0jxk
    — Samuel JJ Gosling (@xGozzy) January 15, 2019

The cryptocurrency exchange had been put into maintenance while staff assessed the damages, it said.

"Staff then notified and involved the appropriate Government agencies, including NZ Police and High Tech Crimes Unit who are jointly and actively investigating the matter as a major crime and they are assisting us with advice.

"Until this has been carried out, the Cryptopia Exchange will remain in maintenance mode, with trading suspended."

Cryptopia was founded by Rob (Hex) Dawson and Adam Clark as a hobby three years ago.

It now has more than 1.4 million users.

It offers trading in a number of different cryptocurrencies, including Bitcoin, Litecoin and Doge.

Dawson's father, Pete Dawson, is now the sole director and a 5 per cent shareholder of Crypotpia. Pete Dawson, who is the Canterbury Returned Services Association (RSA) president said police had told him to say nothing.

The company has 90 shareholders, most of them with a less than 1 per cent shareholding. The main shareholders are Clark with 30 per cent, Dawson with 27 per cent and Intranel Consulting with 26 per cent.

Its registered office is in the Christchurch suburb Sydenham.

The investigation into the alleged unauthorised transaction of cryptocurrency at the Christchurch company Cryptopia has continued today.
 
The inquiry is still in its very early stages and police are continuing to work with Cryptopia to establish what has happened and how.
 
Police are not yet in a position to say how much cryptocurrency is involved, other than it is a significant amount.
 
A large team, including Canterbury CIB and specialist staff from the police High Tech Crime Unit, have been assigned to the case.
 
There has been a visible police presence at the company’s Colombo Street headquarters throughout the day as police take the steps needed to progress the investigation.
 
While police are unable to go into details about specific steps being taken at this stage, we can say that our focus includes commencing both a forensic digital investigation of the company, and a physical scene examination at the building.
 
We are dealing with a complex situation and we are unable to put a timeframe on how long the investigation may take.
 
We are also aware of speculation in the online community about what might have occurred.  It is too early for us to draw any conclusions and Police will keep an open mind on all possibilities while we gather the information we need. 
 
A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this.
 
We would also like to make clear that Cryptopia are cooperating fully with the investigation team and a media report that police ‘stormed’ the building today is entirely incorrect.
 
Anyone with information which could assist the investigation can contact police by email at crypto@police.govt.nz (link sends e-mail).
 
ENDS
 
Issued by Police Media Centre.

I am on the SexCoin CORE team (https://sexcoin.info/#team) which was one of the altcoins affected, so I have been aware of Cryptopia's failing security system and their position of shifting the blame for the hack onto the the Dev Team's of the coins affected instead of admitting that they had repeatedly failed to notice large sums of coins going missing from their hot wallets until it was far too late.

A year ago, it seemed there was news about cryptocurrencies every other week.

Bitcoin surged in value from US$900 a coin to nearly US$20,000.

A new industry grew alongside it, allowing punters to buy, sell and speculate in the host of new digital currencies springing to life.

One of the big international players was Kiwi trading firm Cryptopia.

READ MORE:
* Kiwi crypto-currency trader weathers the bitcoin blizzard
* Bank pulls support for cryptocurrency platform Cryptopia
* Bitcoin prices dive as South Korea says cryptocurrency ban still an option

​Now, the value of Bitcoin has fallen to US$3606 and the digital currency chatter has dropped away with it.

 But many of Cryptopia's followers stuck around - and were shocked by news on Wednesday that it seems that millions of dollars had gone missing from the exchange.

What is Cryptopia, anyway?

Cryptopia is an online currency trading platform started by Rob (Hex) Dawson and Adam Clark, first as a hobby, in 2015.

As Bitcoin surged to new heights at the start of last year, so too did the Cryptopia business. In early 2017, Cryptopia had 30,000 users, rising to 1 million in December 2017. After the first week of January, 2018, the number of users hit 1.4 million.

Not bad for a Christchurch-based start-up.

 But that huge growth created its own problems.

In early January last year, the platform froze trading in some of its markets as it struggled to deal with the volumes being processed.

Then-business development manager and shareholder Adam Lyness said it had had to suspend trading in two basemarkets, in the Doge and Litecoin currencies, to keep up with demand.

That upset some traders who were watching the value of those coins surge on other markets, but unable to sell the tokens they had locked in via Cryptopia.

Legal threats emerged

Problems continued over the next few months.

By March, there was talk of a class action against Cryptopia by people who were frustrated by delays and the inability to access money tied up in the platform.

 Canterbury Legal director Clive Cousins told media that his firm had received enough complaints about the platform to become aware of the scale of problems. It sought expressions of interest in a class action.

Cryptopia chief executive Alan Booth said at the time that there was no basis for the action and it was doing its best in difficult circumstances.

"Cryptopia has experienced incredibly fast growth. Last quarter our user base grew by 940 per cent, and as with any company expanding at this pace, we have faced many challenges.

 "I guarantee we will dramatically improve as we increase resource and attention in this area. Rest assured that customers who raise support tickets (help desk queries) with issues relating to deposit, withdrawals or compromised accounts are our highest priority.

 "We've launched better education tools for users via our help centre, new ticketing systems and processes and set clear targets for our support team."

 As the crypto craze abated, so too did the volume of reports of problems with Cryptopia. But die-hard trading fans were still complaining.

In November 2018, users said more than 100 markets had been disabled.

New currency launched

In May 2017, Cryptopia launched its own new digital currency, linked to the value of the New Zealand dollar.

This made it easier for New Zealanders to trade: The NZDT allowed New Zealanders to put their money into a local bank account and receive the equivalent in NZDT tokens.

They could then use those to buy Bitcoin - or other currencies - and could sell their digital currencies for NZDT, then transfer it to New Zealand dollars when they wanted to get out.

Then shelved

But it was not long before the currency had to be set aside due to bank concerns.

The exchange said that its bank, ASB, had told it that it would close the accounts for its New Zealand dollar-tethered currency (NZDT) on February 9.

Then-New Zealand Bankers' Association chief executive Karen Scott-Howman said anti-money laundering laws were one of the main reasons that banks struggled with cryptocurrencies.

Those laws require banks to be able to trace funds to their source - but anonymity is one of the reasons that many people use digital currencies.

ASB said it could not comment on Cryptopia's case.

"However, we are currently reviewing our relationships with crypto-exchanges, while ensuring we comply with our regulatory obligations," a spokeswoman said.

"Ultimately, our goal is to keep our customers safe as we turn our minds to a number of evolving business models, including crypto."

Is this the end?

Police have now stormed the office of a Christchurch cryptocurrency trader after millions of dollars worth of currency appears to have disappeared in a security breach.

Cryptopia's Colombo St headquarters was under police lockdown on Wednesday morning after a "significant amount" of cryptocurrency is thought to have been transferred without authorisation.

What this means for traders is yet to be seen, but whether money has been lost or not, the blow to confidence in Cryptopia will most likely prove fatal.

Cryptopia: A wildly popular platform that veered from one crisis to the next - Link (https://www.stuff.co.nz/business/109958550/cryptopia-a-wildly-popular-platform-that-veered-from-one-crisis-to-the-next) - Susan Edmunds 06:52, Jan 17 2019 - Archive (http://archive.fo/5fUyC)

​Now, the value of Bitcoin has fallen to US$3606 and the digital currency chatter has dropped away with it.

Bank of England Governor Mark Carney has warned of the failures of cryptocurrencies.

Police have now stormed the office of a Christchurch cryptocurrency trader after millions of dollars worth of currency appears to have disappeared in a security breach.

Update: Investigation involving cryptocurrency company
Wednesday, 16 January 2019 - 7:30pm
National News
The investigation into the alleged unauthorised transaction of cryptocurrency at the Christchurch company Cryptopia has continued today.
 
The inquiry is still in its very early stages and police are continuing to work with Cryptopia to establish what has happened and how.
 
Police are not yet in a position to say how much cryptocurrency is involved, other than it is a significant amount.
 
A large team, including Canterbury CIB and specialist staff from the police High Tech Crime Unit, have been assigned to the case.
 
There has been a visible police presence at the company’s Colombo Street headquarters throughout the day as police take the steps needed to progress the investigation.
 
While police are unable to go into details about specific steps being taken at this stage, we can say that our focus includes commencing both a forensic digital investigation of the company, and a physical scene examination at the building.
 
We are dealing with a complex situation and we are unable to put a timeframe on how long the investigation may take.
 
We are also aware of speculation in the online community about what might have occurred.  It is too early for us to draw any conclusions and Police will keep an open mind on all possibilities while we gather the information we need.  
 
A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this.
 
We would also like to make clear that Cryptopia are cooperating fully with the investigation team and a media report that police ‘stormed’ the building today is entirely incorrect.
 
Anyone with information which could assist the investigation can contact police by email at crypto@police.govt.nz (link sends e-mail).
 
ENDS
 
Issued by Police Media Centre.

Today I read an article where some users claim that it could be initiated from within. Perhaps the exchange itself or someone from the employees appropriated the money for themselves. Article in Russian https://forklog.com/chast-propavshih-s-cryptopia-sredstv-obnaruzhena-na-birzhe-binance/
On January 13 there were two big transactions for $ 4 million (19,391 ETH/ 48,029,306 CENNZ). Very suspicious

Some of the funds missing from Cryptopia were found on the Binance exchange.

news 01/16/2019

CEO Binance Changphen Zhao confirmed that a part of the funds missing earlier this week from the New Zealand Cryptopia was found on the cryptocurrency exchange headed by him, after which he was successfully blocked.

In particular, Zhao responded to the tweet by @ShaftedTangu, who tried to attract the attention of Binance representatives to the fact that the funds missing from Cryptopia seem to have been found.

    Just checked, we were able to make some money. I don’t understand why the hackers keep sending to Binance. And we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic

    - CZ Binance (@cz_binance) January 16, 2019

    “Just checked, we managed to freeze part of the funds. I do not understand why hackers constantly send [coins] to Binance. Social networks react very quickly, and it is easy for us to freeze funds. These are very risky maneuvers for them [hackers], ”Zhao wrote.

Recall, representatives of Cryptopia reported on Tuesday, January 15, about the suspension of work due to "substantial losses" due to a security breach. Somewhat later, when there were rumors that the exchange itself could be involved in the loss of funds, the New Zealand police joined the investigation into the incident. Official confirmation of exactly what amounts in question, however, has been reported.

Nevertheless, as Changpeng Zhao correctly noted, “social networks react very quickly,” and we can say in advance that the damage has been partially fixed. In particular, users drew attention to a rather interesting chronology of events, suggesting that the theft of approximately $ 14 million (this amount is previously discussed) in ETH and ERC-20 tokens could be initiated from the inside. At the same time, the so-called exit-scam is not excluded - an attempt by the management or someone from the staff to appropriate the funds of users.

So, on Tuesday, on the subreddit of r / cryptopia, user toldjahP posted an entry in which he referred to several Ethereum transactions that were made from Cryptopia’s purses about 17 hours before the exchange announced “unplanned technical work” and then recognized the loss of funds.

It is also noteworthy that the famous Twitter account Whale Alert drew attention to the fact that funds from Cryptopia are transferred to unknown wallets on January 13th. It was about at least two very impressive transactions: at 19,391 ETH (about $ 2.5 million) and 48,029,306 CENNZ ($ 1.17 million).

    19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet

    Tx: https://t.co/xTxMKRJSD8

    - Whale Alert (@whale_alert) January 13, 2019

    48,029,306 #CENNZ (1,176,596 USD) transferred from #Cryptopia to Unknown wallet

    Tx: https://t.co/u3RiHh7riT

    - Whale Alert (@whale_alert) January 13, 2019

In his record on Reddit, toldjahP also provides a link to a transaction in the amount of 3.8 billion DAPS tokens from the Decentralized project Anonymous Payments System. But even more interesting is the last link, which leads to an address that at some point turned out to be more than $ 11 million in various ERC-20 tokens. All of them were sent from Cryptopia almost simultaneously and belong to a variety of projects, including Dentacoin, Spank, Ethereum Dark, TenX Pay, Bytom and Golem.

Later, the already mentioned @shaftedTangu led a detailed course of events in the thread on Twitter:

    Topia hack addresses. This is topia ETH / ERC20 address https://t.co/wZ7THdpYc6

    - 🐒🐵I Dream Of Alts🐵🐒 (@ShaftedTangu) January 15, 2019

It is also alleged that part of the funds was not only on Binance, but also on other exchanges.

We add that the representatives of Cryptopia have not yet commented on the information published on social networks.

ForkLog continues to monitor developments. Subscribe to our news in Telegram: ForkLog Live - the entire news feed, ForkLog - the most important news and polls.

We would also like to make clear that Cryptopia are cooperating fully with the investigation team and a media report that police ‘stormed’ the building today is entirely incorrect.

Dawson's father, Pete Dawson, is now the sole director and a 5 per cent shareholder of Cryptopia. Pete Dawson, who is the Canterbury Returned Services Association (RSA) president said police had told him to say nothing.

https://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company

Haшeл ceйчac инфy в oднoм нoвocтнoм тeлeгpaмм кaнaлe , нe pyчaюcь нa cкoлькo дocтoвepнaя ,  чтo вpoдe кaк взлoмaли нe кoшeльки a интepфeйc

 
https://etherscan.io/tx/0x7b71a39db74cef6f9c09c801a4d7416b592f3cb669cf356b3ff6d6167d8e949b
https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae
https://etherscan.io/tx/0x5ea5882ca42278ba41463be8dee87b8be93df3c4d8fd5a5424840f97d5d87b57


Кoшeльки кyдa пpишли cpeдcтвa вopoвaнныe aктивы

https://etherscan.io/address/0x9007a0421145b06a0345d55a8c0f0327f62a2224
https://etherscan.io/address/0xaa923cd02364bb8a4c3d6f894178d2e12231655c

Oни вывoдили вce пoдpяд , вooбщe нe paзбиpaяcь , дaжe cocкaмившиecя мoнeты вывeли ,  нaпpимep 3,818,547 PRL Oyster Pearl  нa cyммy $1,948,068.67 a этoт тoкeн c нeдaвнeгo вpeмeни вooбщe нe тopгyeтcя ни нa oднoй биpжe .
https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x9007a0421145b06a0345d55a8c0f0327f62a2224

Ha caйтe:

B peгиcтpaтype:

Пocлeдняя cтpoкa гoвopить чтo тaм нe глaвный oфиc, a aдpec для кoppecпoндeнции – пoчтoвый ящик...

ПC: Пoчтoвый кoд тoжe нe coвпaдaeт... Ha aдpece видeн кaкoй-тo cклaд c бapaxлo cзaди – в oкнo виднo.

Lost funds:

http://archive.fo/m4It5#selection-1349.1-1361.69

---

The receiving address: ??

When will cryptopia customers be able too log in and get there coins back

The official public statement from Mothership regarding the recent event happened to Cryptopia.

Mothership would like to release an official statement in the wake of the Cryptopia event, which in their own words:

    14th January 2019, the Cryptopia Exchange suffered a security breach which resulted in significant losses. Once identified, the exchange was put into maintenance while we assessed damages.
     Cryptopia has notified and is cooperating with the appropriate government agencies, including the NZ Police and High Tech Crimes Unit.

As the event unfolds, Mothership stakeholders had a considerable amount of tokens on the site and have been affected by the breach with over 32 million MSP, which is about 15% of the total supply. Cryptopia has not confirmed if the tokens on their exchange have been stolen; but as a company with a large number of customers involved, Mothership ought to take proper measurements and consider the worst scenario of this event as a hacking incident.

For immediate course of actions, we have reached out to HitBTC and Lykke regarding blacklisting the stolen coins. We are also getting in touch with Cryptopia while setting up our own onchain tracking so we know where the funds move and can blacklist them ourselves.

In direct reaction to the 32 million MSP affected, Mothership has decided to carry out a token swap. Those who are in possession of their tokens will be able to simply exchange their MSP. And those who have suffered from the Cryptopia incident will be able to go through a claim process and reclaim their MSP.

We will not build a separate swap product, but implement this swap on our own exchange, so the timing of the swap will follow the schedule of our launch.

The swap and claim process, at the time of discussion, will be roughly as follow:

    People who have MSP will have to create an account on the Mothership exchange, deposit their MSP and get the same amount of new tokens on their balance;
    People who had MSP on Cryptopia will also have to create an account on our exchange and make a claim. We will then manually check each claim with Cryptopia, if they agree to cooperate, and grant the new token accordingly if the claim is confirmed as legitimate.

For the time being, those who have been affected are welcome to begin the claim process by filling out this form. Please note that the investigation is still ongoing, and we yet have to discuss the terms of cooperation with Cryptopia — meaning the likely time frame we are looking at for the swap is a few months from now. However, we would like to get to know you right away, and represent your interests as a group.

Mothership is acknowledging the severity of the Cryptopia’s breach and its consequences, but we would like to take the chance to reaffirm that Mothership will not let the event interfere with our plan to launch our own exchange. Our Chief Technical Officer and the Product team will continue as normal and any technical activities for the swap will happen AFTER launch.

As for the time being, we will get to know all the affected persons, establish communication with Cryptopia, assemble data, and map out a more detailed plan. We will of course keep you updated on our efforts of tracking the stolen coins, and for other exchanges we might issue a blacklist ourselves so it is easier for them.

We thank everyone for their support and understanding of our decisions as well as handling in the wake of the event. Any questions or comments regarding the event can be asked directly on the Mothership main Telegram group, or in the chat box on our platform.

FOR THE MENTIONED CLAIM FORM, PLEASE CLICK HERE

* For holders who do not remember the exact amount of MSP they had on Cryptopia — it’s OK — just tell us the approximate amount in the form so we can understand the magnitude of your share. We will be checking every claim with Cryptopia to confirm the precise numbers.

All Elite/1337 coins are still there:

https://chainz.cryptoid.info/1337/wallet.dws?32414.htm

I don't understand from ths thread if BTC have been stolen too or not.

Engineering is not watching the crystal ball. There are no 'hard things to do', but rather things that are either working or not.
51% is detected by software modules, monitors (and not by visually examining blocks in the chain), and they can trigger alerts.
Most coins are BTC forks so the way you set alert for one coin, you can set to all other coins.
If for whatever reason you can not set alert for specific coin, you do no list that coin, as security monitoring is essential and very basic responsibility for any exchange.
If there is no security there is no exchange.

Lets not forget, you do not have to list all those coins. It is a choice, not must!
As I said, if you do not have monitoring system for specific type of coins you do not list them.

Blaming coin devs is not the way to go.

Vertcoin (VTC), a peer to peer crypto software blockchain, recently experienced a 51% attack where the blockchain experienced four successful reorganizations.

The interesting thing about the attack is that Coinbase was commenting live about the event which gave the exchange a competitive advantage over Binance and Bittrex.

Coinbase went ahead to claim that all exchanges offering fiat based trading pairs and a wide range of assets could continue to fall victim to such attacks.

When they sent bills to developers that bill was min 10 times bigger.

can you show those contracts that you are talking about?

Before you list, be aware of your obligations to us to help maintain your listing.

You need to give us notice of the following:

At least 2 weeks' notice of any significant code or protocol changes for your coin, especially hard forks.
Major issues with your coin, including hacks or network problems, as soon as you become aware of them.
Any issues with deposits or withdrawals of your coin from Cryptopia.
At least 1 month's notice if you want our assistance with an air drop. Be aware that support for this is solely at our discretion.
As much notice as possible if you need to conduct a coin swap. By default we don't support coin swaps, but they may be considered on a case by case basis.
Cryptopia reserves the right to remove any coin listed in its exchange markets for violations of our listing terms. This is solely at our discretion. Reasons a coin may be eligible for delisting include, but are not limited to:

Any network issues or vulnerabilities that could be exploited. Examples include:
Low hash-rate.
Out of date code base or wallet stability issues.
Frequent issues with deposits or withdrawals (outside of Cryptopia's control).
Insufficient nodes to keep the wallet synced and network propagating transactions.
Coins which violate our terms and conditions, policies, or an applicable NZ law or regulation
Coin swaps (where we are unable to support these)
Coins without a working, reliable block explorer
Coins that fail to provide notification of mandatory updates
Abuse directed by a coin team's core community at Cryptopia or its staff.
At our discretion, Cryptopia may issue a warning for breaches of our listing terms and conditions and provide the coin team an opportunity to rectify any issue(s).

Coins issued with a delist notice will have their markets closed and there will be a 30-day notice and withdrawal period before the listing is removed. This information will be published on our coin info, delisting, and market pages and we will endeavour to email all affected users holding positive balances of the coin.

You like to keep confusing people, dont you?

Policies are not contracts !

Policies you can change any time anyhow.

Contracts consider two sides bindings.

Is 'First come first serve' legal or not?

yes or NO?

This conversation is done.

Is 'First come first serve' legal or not?

There is on other thread some interesting conversation about 51% going on that might deserve a bit more attention, so I decided to link it here
https://bitcointalk.org/index.php?topic=5097916.msg49444798#msg49444798 (https://bitcointalk.org/index.php?topic=5097916.msg49444798#msg49444798)

@xtraelv

By your own admission you are not an employee of Cryptopia; your comments here are both disruptive and no longer welcome.

Funds are continue to be drained from the New Zealand digital currency exchange Cryptopia more than two weeks after police started investigating. Various cryptocurrencies believed to be worth more than $23 million have been siphoned from the trading exchange since it was first hacked on January 14. But even with scores of police investigators on the case, money is still disappearing, the latest being 260 thousand dollars worth last week. on Tuesday. Max Galker, who runs the cryptocurrency watchdog Elementus, has been monitoring the flow of virtual money from Cryptopia. He told RNZ reporter Matthew Theunissen most hackers aren't caught.

~
- Cryptopia wallet https://etherscan.io/address/0x5baeac0a0417a05733884852aa068b706967e790 (https://etherscan.io/address/0x5baeac0a0417a05733884852aa068b706967e790)

@Timelord2067... just a (very) minor correction to your OP:

We're currently on NZ Daylight Savings Time... NZDT is UTC+13

Otherwise, thanks for curating this list of articles. Excellent work!

How do the legal fees work here, who pays if you don't get anything from Cryptopia?

I've been waiting for someone to bring this up...  ;D  8)  :-*


Hi,

Well spotted - I know from living across the ditch in SEQ that when the rest of the country goes onto nutty time that times on the east coast are still AEST (ie GMT +10) as opposed to AEDST.

And so it is for New Zealand that New Zealand is and always will be (unless the international date line gets moved yet again (https://en.wikipedia.org/wiki/International_Date_Line#Samoan_Islands_and_Tokelau_(1892_and_2011))) sitting at GMT +10.   When NZ goes onto nutty time most of the rest of the planet stops being on nutty time, then when they go onto nutty time New Zealand has recovered its senses (thus nature balances itself out)...

I've cast very long shadows down Princess Street towards St Kilda Beach and along Linwood Avenue towards Ferrymead... (... and New Brighton Beach  :o )

I'll be over for WOW (https://www.worldofwearableart.com/) again this year.

Another article - Ethereum [ETH]: Cryptopia to resume operations a month after hack stole $16 million in Ethereum

https://ambcrypto.com/ethereum-eth-cryptopia-to-resume-operations-a-month-after-hack-stole-16-million-in-ethereum/ (https://ambcrypto.com/ethereum-eth-cryptopia-to-resume-operations-a-month-after-hack-stole-16-million-in-ethereum/)

Am trying a slightly different format for the OP listing of articles (https://bitcointalk.org/index.php?topic=5097916.msg49253286#msg49253286) - what do people think?

If anyone able to get a screen shot of the info-gram on this page: https://www.stuff.co.nz/business/110607639/30-million-dollars-worth-of-stolen-cryptocurrency-is-hiding-in-plain-sight ?

It spills over the page and I'm not sure how to grab in one go shots of more than one screen.

Thanks.

If anyone able to get a screen shot of the info-gram on this page: https://www.stuff.co.nz/business/110607639/30-million-dollars-worth-of-stolen-cryptocurrency-is-hiding-in-plain-sight ?

It spills over the page and I'm not sure how to grab in one go shots of more than one screen.

Thanks.

The author of the article is trying to answer this question: Will Cryptopia be able to regain the trust of its users after hacking in January?

https://coinedtimes.com/cryptopia-to-resume-trading-after-hack/ (https://coinedtimes.com/cryptopia-to-resume-trading-after-hack/)

These short tweets don’t answer any important questions. If the exchange wants to regain its customers’ trust and find new users, it might want to rethink its communication strategy.

Website: https://themerkle.com/new-cryptopia-update-confirms-users-will-not-access-funds-for-a-while/
Title: New Cryptopia Update Confirms Users Will not Access Funds for a While
Byline and Date: JP Buntinx, Feb 25 at 09:30 UTC
Archive link: archive.today (http://archive.fo/s42FH)

Hacked Exchange Cryptopia Discloses Estimate of Stolen Crypto

Yogita Khatri
Feb 27, 2019 at 10:30 UTC  Updated Feb 27, 2019 at 10:38 UTC

New Zealand-based cryptocurrency exchange Cryptopia has given an idea of the losses arising from a hack on its platform last month.

After being almost silent since the breach, the firm published a series of updates via Twitter on Wednesday. Most notably, Cryptopia provided an update on how much of the total assets held by the platform was lost in the cyber-attack, saying:

    “We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen.”

It did not provide an idea of that amount in monetary terms.

Cryptopia went offline on Jan. 15 saying it had suffered a “security breach which resulted in significant losses.” The exchange did not provide any specific information at the time and has since said it cannot comment while an investigation by the New Zealand Police is underway.

A blockchain data analytics firm estimated after the attack that as much as $16 million in ether and ERC-20 tokens could have lost. Notably, hackers still had control over Cryptopia even after the police had been brought in and reportedly stole an additional 1,675 ether from 17,000 wallets – an amount worth about $181,000 at the time.

In Wednesday’s tweets, the exchange said it is “securing each wallet individually” to ensure it is “fully secure” when resuming trading.

Cryptopia also warned:

    “As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses. We have more updates to come tomorrow, keep an eye on our page.”

New Zealand Police said on Feb. 7 that it expected to complete the inspection of Cryptopia’s premises by mid-month. Cryptopia confirmed in a tweet on Feb. 14 that the police had given them access back to its building, while the investigation was continuing.

Detective inspector Greg Murton of the New Zealand Police said at the time that the case is “progressing well and advancing on several fronts,” adding:

    “The focus is on identifying those behind this offending and retrieving the stolen cryptocurrency. This investigation is expected to take a considerable amount of time to resolve due to the complexity of the cyber environment.”

Is this the kind of stuff you're looking for ?

Website: https://www.coindesk.com/hacked-exchange-cryptopia-discloses-estimate-of-stolen-crypto
Title: Hacked Exchange Cryptopia Discloses Estimate of Stolen Crypto
Byline and Date: Yogita Khatri Feb 27, 2019 at 10:30 UTC, Updated Feb 27, 2019 at 10:38 UTC
Archive link: https://archive.fo/mrHNN

Deferred re-opening Cryptopia website. There is still a lot of work here.

"Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses."

https://twitter.com/Cryptopia_NZ/status/1102400050812993536

Well the site is down already :

http://cryptopia.co.nz/

Will Cryptopia Finally Reopen After $16M Hack?
Cryptopia, the New Zealand-based cryptocurrency exchange that suffered a $16 million hack in January was supposed to be relaunching the exchange on March 3. However, due to unforeseen delays, the relaunch was postponed and is now set to launch today, March 5.

Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses.

— Cryptopia Exchange (@Cryptopia_NZ) March 4, 2019

Will Cryptopia Users Be Reimbursed for Stolen Funds?
The relaunch of the exchange is highly anticipated among existing Cryptopia users, as it will give them more information pertaining to their tokens held on the exchange during the hack.

As previously reported by IIB, over 76,000 Cryptopia wallets were compromised by the hack, in which attackers obtained the private keys and withdrew millions of dollars worth of tokens.

A recent update by Cryptopia states that a read-only site for existing Cryptopia users will be live today, March 5. Per the update, existing users are urged to use the site to reset passwords and 2FA credentials to prepare for the live relaunch of the exchange.

The update also revealed that the read-only site will be showing user balances as of January 14, 2019, the date of the initial Cryptopia hack. In the same update, Cryptopia noted that their team is finalizing a rebate process for affected users and will provide updates when possible.

The read only site will be live today, it will show balances as at 14th Jan 2019. Please use this site to reset passwords and 2FA credentials. We are finalising a rebate process for affected users, more details to follow. Thank you for your support during the last few weeks.

— Cryptopia Exchange (@Cryptopia_NZ) March 4, 2019

Following the update seen in the tweet above, Cryptopia addressed concerned Cryptopia users, stating that the balances shown on the live read-only site are pre-hack, and will be used as a baseline for calculating customer rebates moving forward.

It appears that Cryptopia users are in luck, as their stolen funds will purportedly be fully reimbursed.

Update: The read-only site is now live. The holding balance from the 14th Jan is pre hack and we will be using these holdings as a baseline for calculating rebates moving forwards.

— Cryptopia Exchange (@Cryptopia_NZ) March 5, 2019

Do you think the Cryptopia exchange will relaunch on March 5, or will there be more unforeseen delays? Let us know what you think in the comment section below.

Cryptopia reopens, but investors in dark re hack

Christchurch-based cryptocurrency exchange Cryptopia has reopened, at least in a limited way.

But investors remain in the dark about whether they will get any of their stolen coins back.

Cryptocurrency experts have estimated that $23 million-worth of investors’ crypto coins could have been affected by the Jan. 14 hack, though the company has said only that in a “worst case” scenario, 9.4 percent of total holdings have been stolen.

Late last week, Cryptopia tweeted that a “read only” site would be live on Monday. Yesterday afternoon, for the first time in almost two months, long-suffering investors could log into their accounts.

However, the company warned they will only show balances as at Jan. 14, before the hack.

Cryptocurrency and tax specialist Campbell Pentney from law firm Bell Gully says users will be able to access their accounts, but no one will be able to transact or withdraw.

“But it’s positive that those using the exchange will be able to see their accounts and trading history. Many users will have upcoming tax obligations - for example, the New Zealand tax year is nearly at an end and many overseas investors may have tax returns due - and investors will want adequate records to establish their tax position.”  

However, as the site reopened several investors reported problems logging in, and others were frustrated at the continuing uncertainty.

“How do we know if we have lost our coins if it's pre-hack?” an investor called TronDogs tweeted.

“When will trading and withdrawal come back?" Wang Qi asked. "I hope it's not another two months waiting.”

No one from Cryptopia has been available for comment since the hack, despite police telling investors and media they should address questions to company executives.

Founders Rob Dawson and Adam Clark have not fronted up to investors who are worried about what’s lost and what might be recoverable.

“We are finalising a rebate process for affected users, more details to follow, Thank you for your support during the last few weeks,” was all the company said in yesterday's tweet.

“What is this ‘rebate’? Do we get our whole balance back?” investor Mohamad El Hout asked.

Tim Doyle, director of AgBiz Accountants, says some of his clients have been frustrated by being unable to log in to Cryptopia and access their trading history or know what coins remain on Cryptopia.

He welcomed the reopening of the exchange.

“To write off any Cryptopia coins, it would be prudent to ensure that they will not be recovered. Having the exchange reopen before 31 March should provide certainty for their 2019 tax returns and allow traders to write off any hacked coins for tax purposes.”

However, the basic concerns remain, Doyle says.

“There is still uncertainty to what the final outcome is for the hacked coins - for example what does 9.4 percent loss mean for each specific individual?”

Cryptopia site reopens, but no news on investor losses
Christchurch-based cryptocurrency exchange Cryptopia has reopened, at least in a limited way.

But investors remain in the dark about whether they will get any of their stolen coins back.

Cryptocurrency experts have estimated that $23 million-worth of investors' crypto coins could have been affected by the Jan. 14 hack, though the company has said only that in a "worst case" scenario, 9.4 per cent of total holdings have been stolen.

Late last week, Cryptopia tweeted that a "read only" site would be live on Monday. Yesterday afternoon, for the first time in almost two months, long-suffering investors could log into their accounts.

However, the company warned they will only show balances as at Jan. 14, before the hack.

Cryptocurrency and tax specialist Campbell Pentney from law firm Bell Gully says users will be able to access their accounts, but no one will be able to transact or withdraw.

"But it's positive that those using the exchange will be able to see their accounts and trading history. Many users will have upcoming tax obligations - for example, the New Zealand tax year is nearly at an end and many overseas investors may have tax returns due - and investors will want adequate records to establish their tax position."

However, as the site reopened several investors reported problems logging in, and others were frustrated at the continuing uncertainty.

"How do we know if we have lost our coins if it's pre-hack?" an investor called TronDogs tweeted.

"When will trading and withdrawal come back?" Wang Qi asked. "I hope it's not another two months waiting."

No one from Cryptopia has been available for comment since the hack, despite police telling investors and media they should address questions to company executives.

Founders Rob Dawson and Adam Clark have not fronted up to investors who are worried about what's lost and what might be recoverable.

"We are finalising a rebate process for affected users, more details to follow, Thank you for your support during the last few weeks," was all the company said in yesterday's tweet.

"What is this 'rebate'? Do we get our whole balance back?" investor Mohamad El Hout asked.

Tim Doyle, director of AgBiz Accountants, says some of his clients have been frustrated by being unable to log in to Cryptopia and access their trading history or know what coins remain on Cryptopia.

He welcomed the reopening of the exchange.

"To write off any Cryptopia coins, it would be prudent to ensure that they will not be recovered. Having the exchange reopen before 31 March should provide certainty for their 2019 tax returns and allow traders to write off any hacked coins for tax purposes."

However, the basic concerns remain, Doyle says.

"There is still uncertainty to what the final outcome is for the hacked coins - for example, what does 9.4 per cent loss mean for each specific individual?"

- BusinessDesk

HACKED CRYPTOPIA RESUMES WITH READ-ONLY WEBSITE

Cryptopia has announced that its read-only website is now live. The New Zealand-based cryptocurrency exchange platform suffered a hack back in mid-January, leading to the theft of about nine percent of the company’s funds.

CRYPTOPIA WEBSITE SHOWING PRE-HACK BALANCES
In a tweet published on Tuesday (March 5, 2019), Cryptopia announced that its read-only site is now online. According to the tweet, customers can view their pre-hack balances, which the company says it will use as “a baseline” for reimbursing those affected by the hack.

Update: The read-only site is now live. The holding balance from the 14th Jan is pre hack and we will be using these holdings as a baseline for calculating rebates moving forwards.

— Cryptopia Exchange (@Cryptopia_NZ) March 5, 2019

On Monday (March 4, 2019), the New Zealand-based Cryptopia had announced that customers might also use the read-only website to reset their two-factor authentication (2-FA) credentials and account passwords. The read-only site was initially supposed to go live on Sunday (March 3, 2019) but was pushed back due to some technical issues.

Based on previous statements released by the company, the launch of the read-only website also gives users the opportunity to monitor the company’s progress on securing its wallets. At the back-end of February 2019, Cryptopia revealed that it was in the process of transitioning its wallets to new secure servers.

After the first hack, Bitcoinist reported that the hackers resumed their attack. Some users, unbeknownst to them, continued to have funds deposited in wallets already under the control of the hackers. Cryptopia even alerted its customers back in February 2019 not to deposit funds into any old platform address.



REBATE PROCESS IMMINENT
The cryptocurrency exchange also announced there it would refund customers affected in the hack. The first attack saw the loss of more than $16 million worth of ETH tokens stolen. In the second attack, the hackers siphoned a further $180,000 in the second attack that occurred 15 days later.

Back in February 2019, Bitcoinist revealed that the hackers had been able to liquidate $3.2 million of the stolen cryptocurrency. In total, the company also said the attacks resulted in the loss of about 9.4 percent of all total funds.

The Cryptopia hack was the first in 2019 and once again stoked the flames of the debate concerning the most secure means of storing cryptocurrencies. In 2018, hackers stole almost $1 billion from cryptocurrency exchange platforms across the globe.

Cryptopia Website Goes Live After Slight Delay, User Balances Held from Pre-Hack State

Recently hacked crypto exchange Cryptopia has relaunched its website in a read only format, along with resuming user balances to its pre-hacked state, the exchange tweeted on March 5.

Following last week’s announcement of a March 4 launch date, Cryptopia has slightly delayed the relaunch by providing the live website on Tuesday, March 5, one day later.

In the latest series of tweets, Cryptopia confirmed it will be using customers’ balances held from Jan. 14 as a basis for further calculating rebates.

The exchange reported that they are finalizing a rebate process for affected users, planning to release more details soon. For now, Cryptopia recommended that customers reset their passwords and two-factor authentication credentials.

Following a $16 million hack in mid-January, Cryptopia had still remained in maintenance mode after the New Zealand Police reported that the exchange was ready to resume operations on Feb. 13. Responding to the news, Cryptoptia explained that it was not able to resume trading until the exchange can fully identify their losses and ensure that the balance is completely secure.

After the initial reports of the hack in the middle of January, further evidence surfaced that hackers were siphoning crypto out of the exchange as late as two weeks later.

In other exchange vulnerability news, on March 3, Ryo (RYO), a crypto project derived from Monero (XMR), published a post alleging that a bug in Monero wallet software could enable fake deposits to crypto exchanges. The described vulnerability, which is set to be patched in an upcoming release, could potentially allow hackers to fake a deposit of arbitrary amount of XMR to an exchange.

Cryptopia about to reopen web site as 'read only'

Cryptopia, the Christchurch-based cryptocurrency exchange closed down for a police investigation into a $23 million theft, will reopen as a "read only" web site.

Director Peter Dawson said the company would announce on Twitter that the Cryptopia web site was resuming so people could check their accounts.

"People will be able to see their balance. It's our objective to secure every client's assets as quickly as we can. I can't make any comment on what the police are doing."

Recent Cryptopia tweets said the exchange would reopen on March 4, but it never happened.

Dawson, whose son Rob Dawson was a founder of Cryptopia, had some personal fallout when another member of his local RSA requested that he stand down from his role as president until the police probe was completed.

Dawson said he didn't appreciate that his personal integrity had been questioned.
A company source, who spoke on condition of anonymity, said 40 staff had been retained on full pay while the six-week police probe was under way, and management roles had been restructured.

But he questioned whether the reputational damage had been too much for trading to resume.

The most well known cryptocurrency is Bitcoin, which crashed last year from highs of US$20,000 to US$3700 with various analysts predicting a rebound. Cryptopia offered the largest trading volumes of alternative digital coins.

Several investors have expressed frustration about the lack of communication from Cryptopia.

US punter Leonard Dodd said he had about $2400 invested in alternative digital coin Electroneum.

He had been unable to access his account to find out if his investment had been stolen.

"They really messed me up to be honest. The distrust is huge now," Dodd said.

Meanwhile, a Financial Markets Authority spokesman said the police had contacted it and the FMA had offered any assistance it could.

"The FMA does not regulate Cryptopia or the cryptocurrencies that it trades, but those providing a financial service related to cryptocurrencies need to register on the Financial Services Providers Register – which enables customers to access an independent dispute resolution service."

The FMA published guidance on cryptocurrencies in 2017 and highlighted the problem of cyber-crime.

"The FMA has received complaints about Cryptopia in the past and these were either forwarded onto the dispute resolution service or the FMA explained to Cryptopia customers the process for making a complaint to the dispute resolution service.

"We also engaged with the dispute resolution service and with Cryptopia directly to understand how those complaints were being handled," the FMA said.

Hacked Cryptopia investors in the dark over 'rebate'

Hacked Christchurch-based cryptocurrency exchange Cryptopia will give a "rebate" to investors who lost funds. But details are sketchy.

And a decision to refund people who lost currency using the NZ dollar price on the day of the hack, January 14, will be controversial, given the big hikes in cryptocurrency values over the last month.

Cryptocurrency experts have estimated that $23 million-worth of investors' crypto coins were stolen when a hacker or hackers broke into the Christchurch exchange.

Cryptopia has been working with New Zealand Police to try to work out who the hacker is and where the cryptocurrency has gone, but investors have been frustrated by the lack of information.

On March 18, two months after the heist, Cryptopia emailed investors with details of "a rebate for customers who unfortunately lost funds".

"We are working through the logistics of this to ensure it is equitable and in compliance with local laws," Cryptopia's co-founder Rob (Hex) Dawson said.

Cryptocurrency and tax specialist Campbell Pentney from law firm Bell Gully says while the proposed rebate is likely to be welcomed by the market as a positive step towards the planned restoration of the exchange, investors are still waiting for details.

"In particular whether they can expect a full refund, how losses will be calculated and whether refunds will be made instantly or over time by way of a fee-sharing arrangement.

In his email last month, Cryptopia's Dawson said the company would be providing more details "shortly" about the rebates and the projected dates for trading to be active again.

"Please be aware we are hoping to achieve this by the end of the month," Dawson said.

However that date, March 31, has come and gone, and with it the end of the tax year.

Pentney says one key concern will be whether investors can obtain tax refunds for their "lost" tokens.

"The challenge here is that this requires a degree of certainty that the funds are absolutely lost and the portion that is missing. One positive step is that traders can now reclaim their trading records which are vital for tax purposes."

To add insult to injury for Cryptopia investors, Cryptopia will set the value of the rebate using what each currency was worth on January 14, the date of the hack. But the last month has been a boom time for cryptocurrencies, particularly the less well-known ones.

"The first quarter of 2019 was a breath of fresh air for the cryptocurrency market, having recorded its first quarterly increase in overall network valuations since the fourth quarter of 2017," journalist Sam Ouimet wrote on the Coindesk blockchain news site this week.

"Interestingly, however, bitcoin is among the least significant price gainers so far this year... This means a sizable portion of the market's recent growth came from the many other cryptocurrencies trading on exchanges today."

Some small or medium cap cryptocurrencies doubled or tripled in value in March, Ouimet said.

Cryptopia traded a wide range of currencies, and was a significant trading platform for some smaller cryptocurrencies.

A list of tokens stolen from Cryptopia in the January hack names 98 currencies. Most are relatively obscure and trade at just a few cents, or fractions of a cent. However they add up to a total Cryptopia loss of US$15.9m.

Some Cryptopia investors will also be unhappy about an announcement that they won't get back any money they might have accidentally put into the exchange after the hack. Some investors, unaware of the site had been closed down, continued to put money into Cryptopia.

"Any users who sent deposits more than 24 hours after we announced the security breach will not have their deposits recovered," Cryptopia says.

"We do not have a deadline for when we will be recovering transactions sent before this cutoff, and any deposits that we recover will be subject to the same haircut that has already been applied to our users."

Meanwhile, in a bizarre twist to the story, an Estonian-based company whose cryptocurrency Mothership was one of the less-well-known ones traded on the Cryptopia exchange, has received half of its stolen tokens back.

Mothership said in a blog that it had been contacted anonymously by someone who claimed to have stolen the private keys to the Mothership currency from the original Cryptopia hacker.

That possible hacker of the hacker then shared the private keys with Mothership, which was able to get back 16.8 million Mothership tokens.

An estimated 32 million were stolen, worth around US$880,000 as of January 19, meaning just over 50 per cent has been returned.

Pentney suggests the return of the tokens might have been a way to re-introduce some liquidity into the market so the hacker, or others, could trade the remaining 50 per cent.

"Mothership relied on Cryptopia for trading volume and, since the attack, it is no longer tradeable - it now has a miniscule volume on a single obscure exchange. Mothership responded by proposing a token "swap" for existing holders, which would render the previous mothership tokens useless.

"It may be that half the tokens were returned in order to revive the project, which would allow anyone holding those previous tokens to sell in the future. This may have partially worked as already the token swap is on hold."

Mothership spokeswoman Linh Le says her company is working with Cryptopia and the police to sort how to get the retrieved 16.8m Mothership tokens back to their legitimate owners.

"At the same time we have received new information about the Cryptopia hacker(s) and are actively continuing to investigate our leads on them. We are cooperating with the New Zealand Police and Cryptopia to aid bringing the culprits to justice."

PANIC !!!


https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/

Disclamer this is not Doxing :

Contact of the liquidators :

Grant Thornton
PARTNER, FINANCIAL ADVISORY SERVICES
David Ruscoe
Wellington
+64 4 495 3763
david.ruscoe@nz.gt.com


Grant Thornton
NATIONAL MANAGING PARTNER
Russell Moore
Auckland
+64 9 922 1237
russell.moore@nz.gt.com
https://nz.linkedin.com/in/russellmoorenz



Sources (public to all eyes, full name, and company published in all the media !) :
https://www.grantthornton.co.nz/meet-our-people/ (https://archive.fo/r7RCT)
https://www.cryptopia.co.nz/

01:43:57 UTC on 20 May 2019
" Cryptopia: Stolen Ethereum transferred to unknown wallet days after exchange confirms liquidation "
https://coinmarketnewstoday.com/2019/05/cryptopia-stolen-ethereum-transferred-to-unknown-wallet-days-after-exchange-confirms-liquidation/ (https://coinmarketnewstoday.com/2019/05/cryptopia-stolen-ethereum-transferred-to-unknown-wallet-days-after-exchange-confirms-liquidation/)

Website: https://decryptmedia.com/7132/cryptopia-hack-liquidation-new-exchange
Title: Founder of defunct Cryptopia exchange has already founded a new one
Byline and Date: Ben Munster, May 22, 2019
Archive link: https://archive.fo/hcCmW

Website: https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/7179273/documents
Title: CRYPTOPIA NZDT LIMITED (7179273) In Liquidation
Byline and Date: Updated 27th May 2019 with first liquidators' report (https://app.companiesoffice.govt.nz/companies/app/service/services/documents/E5A5E572A05C9D20B52D5CBB5C43195A) and insolvency documents
Archive link: https://web.archive.org/web/20190530231231/https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/7179273/documents

Creditor's Claim Form is contained in this document.

From their official Twitter, a few minutes ago,
Link: https://t.co/h2fZvVBL1A?amp=1 (it's a PDF)
Title: Liquidators’ First Report on
the State of Affairs
Date: 31/05/2019

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.

You have to mail to liquidation@cryptopia.co.nz if you want to write to them !
Thats the offical email now to contact cryptopia and the liquidators !

Yes, thank you. I Sent them an email.

Alan Booth speaking at the 2018 Canterbury Tech Summit

https://img.youtube.com/vi/Ka6OXXghV3E/0.jpg (https://www.youtube.com/watch?v=Ka6OXXghV3E)

Raj Wadhera & Tim Brocket from Cryptopia | World Crypto Con Las Vegas

https://img.youtube.com/vi/J2zVbtRCpoY/0.jpg (https://www.youtube.com/watch?v=J2zVbtRCpoY)

Just a reminder that there is quite a bit of information in the OP.

The OP was last edited on the 31st of May and has that email, but thank you Lafu for re-posting that email.

Here is something new about Cryptopia

Update for Cryptopia account holders 3 July 2019
https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-3-july-2019/

Also published on his Twitter: https://twitter.com/Cryptopia_NZ/status/1146268724816752643

...

Liquidators for hacked cryptocurrency exchange Cryptopia need legal advice from the courts as to how to repay out-of-pocket customers as there is no legal precedent anywhere in the world.

“ Jodie and I secured the Cryptopia backing to compete in the D1NZ series here this season and all our efforts were focused in that direction,” explains Drew. “When Cryptopia got hacked though, obviously they had to cut their marketing spend, and without their sponsorship of both our cars we couldn’t afford to continue with our D1NZ campaign this season and both of us were actually wondering what we were going to do next when Simon got in touch.”

Here is a Bitcoin donation address : bc1q74wjtf7wkwlgqary5z33w5985lw4jp7p9x9sg6

The purpose of this donation is to help us get our funds back :

- By buying Cryptopia website and paying for a securisation of the wallets (if the donations are enough)

- Or by paying a lawyer to protect us

Vcdragon, a co-founder of Cryptopia exchange, has released new evidence detailing exactly how Intranel intentionally destroyed the exchange.
Co-Founder Spills the Beans

On July 18 a twitter user @notsofast, tweeted a link to an article which claims to provide “the complete story of the fraudulent hostile takeover of Cryptopia_NZ by Intranel from its founders Adam and Rob”

According to @notsofast’s post, “Intranel inside-job hacked Cryptopia.”

There are threads concerning Cryptopia that may suit your FUD.  Please take them elsewhere.

You have to mail to liquidation@cryptopia.co.nz if you want to write to them !
Thats the offical email now to contact cryptopia and the liquidators !

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.

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.

Hey Timelord,

A message I posted here : https://bitcointalk.org/index.php?topic=1669443.msg53600153#msg53600153

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

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......

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

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

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.

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.

Perhaps "Dumb and Dumberere (https://www.bing.com/images/search?q=adam+clark+and+rob+dawson&qpvt=adam+clark+and+rob+dawson&FORM=IGRE)r" (and others (https://nz.linkedin.com/in/lydia-clark-145a2a14a)) will be left to foot the bill?

https://en.cryptonomist.ch/2020/05/06/funds-stolen-cryptopia-transferred-again/

Stolen ETH on the move again.

https://en.cryptonomist.ch/2020/05/06/funds-stolen-cryptopia-transferred-again/

Would be good if there was a bounty on recovered coins, bounty hunters get a good % of funds recovered.

https://twitter.com/cryptopia_nz/status/1271192418709155840?s=12

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

Ouch looks like it will be a while

~snip~

Sorry, when will the money be returned? I had some money there, but they are has closed

Here's an 'official' update: https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-13-november-2020/

Not sure if it is "legit" or not... ??? There does not appear to be any update on the Grant Thornton website (https://www.grantthornton.co.nz/cryptopia-limited/) regarding this "portal".

I contacted Grant Thornton directly to enquire as to whether they have indeed setup the "Claims Portal" (it links to a .cryptopia.co.nz domain) or if it is some third-party that is attempting to harvest user info/login details etc.

Will update when I receive a reply.

Ex-Cryptopia Employee Pleads Guilty to Stealing $170K in Crypto 05 July 2021
https://www.coindesk.com/cryptopia-former-employee-stolen-funds-private-key-usb
https://archive.ph/fHCqS

Ex-Cryptopia staffer admits stealing almost $250,000 of cryptocurrency 05 July 2021
https://www.stuff.co.nz/national/crime/125617315/excryptopia-staffer-admits-stealing-almost-250000-of-cryptocurrency
https://archive.ph/AqmQ7

Information via @digits [link (https://ninjastic.space/post/57388864)]


If anyone has other website links to this development, can they please share them in this thread please?

There is a template in the OP for people to set out their reports in the same stye as the above.

Thanks again.

Dear Cryptopia Account Holder,

As stated in our ninth Liquidators report we have now filled an application for directions on the distribution. To read more about this filing and a general update on the overall liquidation please see the link below.

If you are having trouble with the Claims Portal, please raise a ticket through the Cryptopia Customer Support Portal. This support portal is separate from the claims portal and can be accessed by any account holder, provided they register and click the “Sign Up” button on the page.

This is an automated email, please do not reply.
Update for Cryptopia Claimants and Stakeholders - 17 August 2023
For other information on the Liquidation process refer to the link below:

Update for Cryptopia Claimants and Stakeholders 17 August 2023

I just got an email from cryptopia.co.nz address, if anyone is still interested in this.


Pointed to article: https://www.grantthornton.co.nz/update-for-cryptopia-claimants-and-stakeholders-17-august-2023/