Title: Cryptopia Rescue - warning Cryptopia liquidation - user information leaked Post by: friends1980 on November 19, 2020, 05:44:35 PM Some of you might know I'm quite fascinated about all legal aspects of crypto, and therefore I have been keeping a close eye on - among others - the unfolding of the Cryptopia bankruptcy liquidation (https://bitcointalk.org/index.php?topic=5251040.msg55202258#msg55202258).
A few days ago, the liquidators have released a warning: it seems the Court administration has mistakenly communicated "confidential and sensitive" information of several Cryptopia users to a third-party group called "Cryptopia Rescue", which might or might not have contacted these users in order to obtain financial support for their group. Without any doubt, there's a lot to be said about this mistake... ::) But let's not go into that now. Now, this is not a scam accusation per se, but if you are one of the affected users in the Cryptopia liquidation case, and if you have been contacted by Cryptopia Rescue, know that they possibly have not obtained your contact information (and possibly even more information concerning your holdings, trade history etc.) in a legal way. Quote Please be aware that due to an error by court staff at the Christchurch High Court, information containing certain customer data has been provided to an unauthorised third party. We consider this information confidential and sensitive, and we are concerned that this third party may attempt to use it to mislead and influence account holders’ decision making. We have taken steps to restrain the misuse of this confidential information and to recover it from the third party. We understand that this party is associated with a scheme named Cryptopia Rescue and a New Zealand company. Cryptopia Rescue is claiming that we as the Liquidators will not abide by the judgment of Justice Gendall. It is important to remember that we initiated the hearing to get the directions and, as previously stated, we will adhere to Justice Gendall's decision. Not to do so would be in breach of the Court’s directions made on our application. Those Court directions require that repatriation of customer holdings is to be in Crypto where possible. We are working towards paying as many users in Crypto as possible. Cryptopia Rescue is encouraging members to contribute to their scheme by paying a monetary contribution as a means of forcing us to work with them to supposedly fast track repayment of funds to certain users ahead of others, which is not in line with New Zealand Law. As Liquidators, we will not ask you to deposit any further crypto-assets or fiat to return Account Holders' property. To pay funds to another party to supposedly enforce directions we are following is unnecessary. We urge Account Holders to take care to ensure that any communications asking you to deposit further funds are not scams, and to carefully read all terms and conditions of any proposals from third parties. Members are being asked to sign powers of attorney and enter into an agreement with a 'principality' that does not physically exist. We encourage account holders to seek legal advice before they enter into any such agreements and agree to settlement of property in an unreleased, unknown and unregulated Cryptocurrency as consideration for a part of or all the account holders’ entitlement. We must warn that anyone outside of the official communication channels claiming to have access to the confidential information or offering to tell account holders what balances are in their accounts is doing so without the Liquidators' authority. This includes Cryptopia Rescue. Please be wary of any such approaches and note that any communications relating to the Liquidation will come from the official channels such as the Grant Thornton website, or the Grant Thornton and Cryptopia Facebook and Twitter accounts. Source here (https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-13-november-2020/). This is in no way a positive or negative opinion or a scam accusation towards Cryptopia Rescue, but since this information was obtained by mistake, I think this subject absolutely deserves clarification. I'm leaving this thread completely open and not self-moderated to make sure any affected or concerned party can react freely, should they feel the need to do so. I will not join this discussion, as my personal reason of opening this thread is limited to simply sharing this information. I haven't even got a clue about what this Rescue group is or stands for, except for the info quoted above. I do however believe this message is important enough to not see it drown somewhere in the Altcoin Discussion boards or so... If the mods however think this thread should be moved to another subboard, I accept, or just let me know and I'll move it gladly myself. Title: Re: Cryptopia Rescue - warning Cryptopia liquidation - user information leaked Post by: friends1980 on December 09, 2020, 12:16:59 PM Some users report they've received an e-mail of the Cryptopia liquidators, a days or two ago.
Based on the reactions in this thread (https://bitcointalk.org/index.php?topic=5297845.0), it looks as if this e-mail is legit. I cannot confirm this personally, since I've never been a Cryptopia user. Title: Re: Cryptopia Rescue - warning Cryptopia liquidation - user information leaked Post by: friends1980 on January 05, 2022, 05:09:04 PM Time flies, doesn't it.
This case has been settled and the person who abused the data has been convicted. Fine and costs have been settled. Quote As previous reported due to an error by court staff at the Christchurch High Court, information containing certain customer data had been provided to an unauthorised third party. Orders were obtained from the High Court requiring the return and deletion of the material provided in error. Those orders were not complied with and enforcement proceedings were filed. In July 2021, by consent, the individual concerned admitted being in contempt of Court, and agreed to ongoing orders designed to protect customer data. As part of this admission of contempt he incurred a fine of $7,500 of and agreed to pay costs of $50,000. This receipt is reflected in the Receipts and Payments section of this report. Source: here (https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/cryptopia/sixth-liquidators-report_cryptopia.pdf). |