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.

Well of course its been said many times before. This is legal theft at a grand scale and they'll keep fucking us over till all the cash is gone. Who the fuck wouldn't?
They can literally have a meeting lasting an hour, watch porn, measure who has the longest wank stain and bill $5k and not a fucking thing can be done about it. Fuckers hit the jackpot with this one.

I guarantee my first born will be a liquidator.

And there it is we're back to the normal sisq ranting with homoerotic images of baseball bats to the face, is that how daddy punished you big boy? Lockdown is great knowing 100% this prick is in his hut with only the back of his sisters head to look at. And a picture of your nutsack is not kyc.

LOL you're right there bud just read back a few pages you'll see he's condoning violence using baseball bats for the sake of a few shitcoins he gambled on. Might be how he handles problems in his 3rd world back water shithole but nz'ers have a more civilized way of doing things.
A light slap is his idea of foreplay.

Simple but an impossible scenario now that AML laws in NZ require KYC at a minimum.

I'm glad that's the case. No KYC. Tough shit.

Well I'm dusting off my documents and getting my KYC on.

You are fucking deluded if you think Binance will in any way return anything back to a pissly little exchange in the middle of nowhere. They don't give a flying fuck.CZ is taking over the crypto world and will rightly tell the liquidators to go fuck themselves knowing they have no jurisdiction to do anything to Binance.

With world events unfolding to dire situations. And now this country in lockdown from Weds for 4 weeks minimum, we have another stretch of delay for the foreseeable.

Time to forget about this till COVID is licked. Enjoy isolation. Stay safe all.

I do believe those that are prepared to provide KYC will receive something but with a massive haircut.
Grant Thornton are in this for the long run and those money grabbing fucks will prolong this as long as possible. The recent court case absolutely proves this, they get a clueless judge to rule in their favor and ding dong they have another 100 million to piss away and every junior cocksucker working on this makes partner.

Some as expected news from the court case.

The Cryptopia hearing was held 11-14 February at Christchurch High Court. No judgement was delivered with Justice Gendall reserving his judgement.

That's right fellas. He couldn't get his head round the tech and could take up to a year to make a ruling. Fuck me the liquidators got a free pass to piss away more funds.

What news from the court case, he rule trust assets or what?

If his honorship judge judyson ruled in favor of the liquidators as property of the company kiss your mofo holding ass goodbye as them Grant Thornton boys will add an extra story to their building with a strip club as they'll be rolling in 100,000,000 of extra funds to party with.
From the shit I've read pretty sure 99% it is trust assets but this is a new fandangled brand spanking new asset class and who knows what the fuck mr judge will rule to set a precedent to call his own.

Well. I'd go along to the court case just to see the vacant look on the face of the ruling judge. Just this snippet re asset v property means we got a very long wait before anything happens.

For the reasons set out in the Creditors’ Submissions and in the Liquidators’ Submissions, the Digital Assets do not fall within any existing recognised category of property.  In addition, cryptocurrencies raise unique problems for regulators and significant policy issues, as noted by counsel for the Account Holders.5 These issues have been recognised by regulators around the world, including the Inland Revenue and the Financial Markets Authority; both agencies have released issues papers about the status of cryptocurrency.6  Accordingly, there is a strong argument that any decision on whether, or in what circumstances, cryptocurrencies should be recognised as “property” should be made by Parliament.

This is an absolute cop out, to fob it off as a political decision will take a minimum of many many years. 

Sabotage or theft? Inside the $24m Cryptopia heist.

https://www.stuff.co.nz/national/crime/119263192/sabotage-or-theft-inside-the-24m-cryptopia-heist

Would be interesting to get to the court and if its easy to get into the hearing, could be closed.

At the very worst users have to be considered unsecured creditors and would be above shareholders. Its going to be very interesting how the courts rule on the trust issue.

Thanks Digit good write up.

Cant see how directors or shareholders will get anything out of this they'll be way down the list of payments. Customers have to be paid first if their balances are held in trust right?

15 JUNARY 2021

Grant Thornton announces all funds depleted and reopens Cryptopia. Cryptopia rehacked. Rinse. Repeat.

Majority of businesses went back to work yesterday, mine included. As I sat outside their offices again having my riverside lunch break the offices of Grant Thornton were well and truly shut, suning their overfed fat flab on a beach on our coin.  They'll be back end of month with the rest of the legal profession. Not expecting any new info till March.

FIXED!!!!


Happy New Year

This right here, this is the positivity we need.

On the bright side motherfucker, other than you losing your virginity to my dead corpse, you're looking at getting back 25% of the shitcoin you held on the exchange. If I recall it was 2k of NAMBLAcoin you had scraped together pimping out your sisters poonany to the local old peoples home, and 25% of 2k is ok.
But 25% of a shitcoin = fuck all so work on your anger management problem, then go to a good old fashioned movie with a friend! Chill Greta, sisq Chill!