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1  Alternate cryptocurrencies / Tokens (Altcoins) / Re: Matchpool - Alpha release is live - Join now! on: December 19, 2020, 07:11:35 PM
What's going on with the market on Bittrex? Why is there such a huge withdrawal fee on Bittrex?
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! on: December 19, 2020, 07:10:01 PM
What Bittrex volume? I see the market is halted there. What's going on?
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! on: December 17, 2020, 08:07:01 PM
What's going on with ION market on Bittrex?
4  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: April 20, 2020, 09:27:36 AM
Once again comes the topic of trust in Grant Thornton and once again I have to make a clarification: GT is NOT a huge multinational corporation. It is a federation of local consulting firms. So GT NZ is sort of a franchise.
Their website description plainly states:
Quote
Grant Thornton is one of the world's largest professional services network of independent accounting and consulting member firms

And yeah, once again I have to point that GT NZ bosses involved in this liquidation are acquaintances of Cryptopia owners. I also need to point out GT NZ does not need to steal anything. They can legally take however much they please as consulting fees. As they already did up until now and surely they will continue to drag on, as fees mount.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo on: March 10, 2020, 10:27:25 AM
You open an account at https://www.omniwallet.org/ and send amp to the bitcoin address, that's it.
But why bother?
Why not? It's very little bother.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo on: March 01, 2020, 08:50:22 AM
Bittrex has announced that on April 3rd they will remove the AMP Wallet. You need to get your AMPs off Bittrex or you will loose them. Can anyone post a tutorial for using an Omni Layer wallet to withdraw?
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo on: January 22, 2020, 05:01:44 PM
many people have the AMP on a exchange and no one can withdraw it! A offline "desktop" wallet isn't available to withdraw the Coins from the exchanges? Thx
AMP is (was) an Omni Layer token. So use an Omni Layer wallet.
8  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: December 24, 2019, 07:06:08 PM
After this second report, the question I put forward many months ago is still solid: WHY did they liquidate? There seems to be no reason for a judge to grant them the protection:
- there's plenty of cash available, the wages were paid in full and the outstanding debt to creditors is less than what's available
- most of the wallets were online so the business was up and running
- they wasted 800k on fees that could have covered wages for many months

It's not necessary for a business to enter this kind of liquidation when there's cash available. Instead they could have simply paid all debts and shut down on their own. Nothing seems to justify what they did with this GT fellows.

It's very fishy.
9  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: October 31, 2019, 10:51:05 AM
This ( https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-October-2019/ )is an interesting update and let's do an analysis of the weasel words they use:

Quote
1. Customers did not have individual wallets and it is impossible to determine individual ownership using just the keys in the wallets. While Cryptopia held details of customer holdings and reported these on the Exchange, the crypto-assets themselves were pooled (co-mingled) in coin wallets. As a centralised exchange, customers' trades would occur in the exchange's internal ledger without confirmation on the blockchain.
Stating the obviuos. That's how every centralised exchange works. But why do they state the obvious?

Quote
2. No detailed reconciliation process between the customer databases and the crypto-assets held in the wallets has ever been completed.
They keep stating the obvious because in the actual wallets there's less than the database says should be.

Quote
We have split the reconciliation process into three main phases:
Phases 1 and 2 are of no interest to us.

But phase 3:
Quote
3. Identifying users and repatriation of returns - This phase is at an early stage. A number of legal matters need to be resolved before this phase can progress.
What legal matters? We find the answer in the legal documents they provided in the update. They are asking the court to decide if:
- they should sell all the crypto, pay the creditors with fiat and disburse the rest to customers (haha, that would leave nothing for us)
- they should consider the crypto property held on trust and return it as is (obviously the better outcome)

Either way, the documents reveal that no matter the decision, they are asking for permission to first dip (i.e. steal) into our crypto, to sell it and pay for their liquidation fees. They are also somewhat revealing they stole the haircut crypto and consider it to be Cryptopia property and already paying fees from it. That's why this has to drag: to inflate their bill.

Quote
The KYC process cannot be avoided, as it is a legal requirement in New Zealand.
A lie my misrepresentation. KYC is required if you plan to distribute fiat (through banks). It wasn't required when Cryptopia was operational, because it was operating purely on crypto.
10  Economy / Exchanges / Re: [ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more) on: October 24, 2019, 09:11:46 PM
It seems the credits are gone. All my open orders with credits were cancelled and I no longer have credits in the account.
11  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: October 23, 2019, 10:18:18 PM
About the leaked docs: a few months ago someone claiming to be a disgruntled ex-employee posted 3 files on the Cryptopia Discord.
12  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: October 21, 2019, 08:24:05 AM
Why were those liquidators with a bad reputation appointed anyway?
A few months ago there were a few internal documents leaked and you find the answer there: they are friends with the interim manager of the company at the time. And the interim manager at the time of the so-called "hack" is the father of one of the shareholders. The liquidation is voluntary, meaning they chose to liquidate and chose the liquidator themselves. All the pertaining documents regarding the appointment are online at the companies' house. The internal documents show the clown who was interim director pushed for liquidation immediately after the "hack", to cover their asses.

Basically they appointed their friends. And Yes, GT is a global organization, not firm. It's a partnership of local firms. The clowns handling the "liquidation" are some NZ accountants who are friends of the owners.
13  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 21, 2019, 09:42:50 PM
Looks like the stolen Ethereum is on the move and being laundered on Huobi

How do you know it's stolen from Cryptopia? They never posted any TX and never disclosed any amount stolen. All they said was "significant" and "9.4% of total holdings". Why do you think they kept these a secret, I'm interested to hear your opinion.

As long as nobody from Cryptopia indicated ETH was stolen, I don't think it's up for us to say so. Why should we accredit the ideea of stolen, when there are other equally probable situations?
14  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 19, 2019, 10:28:44 PM
It is exactly the reason why they had to call in the liquidators - because they cannot use other peoples funds or continue trading if they are insolvent.
That's not true. You don't have to involve a liquidator if you want to close a business. You simply close it, pay back all the concerned parties and that's that. And make no mistake, this is a voluntary liquidation, no one forced it upon them. It clearly says so in their company filings. A question remains: if voluntary, why not first receivership but straight to liquidation? Contrasting this with all their tweets saying they are on the way to resuming normal activity?

It doesn't even necessarily mean that there is not enough funds to cover the debt. It could be that they do not have enough cash at hand to pay for their bills going forward.
Again, wrong. The only real reason why one would call a liquidator is because they can't pay back and seek the protection of the liquidation process. No one is crazy to call someone who gets a fat cut if they can simply close a company.

Of course it's not that simple, we don't know how much was hacked, if indeed was a hack. Again, no reason not to post the hack TX, unless you want to hide something: amount, destination etc. So complete secrecy about the hack + voluntary liquidation = draw your own conclusions.
15  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 17, 2019, 06:08:34 PM
It is clear from the reported volume that there is not enough volume on the exchange to continue trading and cover expenses.
There wasn't enough volume because they froze so many coins and blocked withdrawals and deposits. Previously they had quite a nice volume from coins which were unique to them or strongly associated with them: ETN for example was top volume most of the time. But for volume, there must be deposits. Which were blocked. This simple fact undermines the rest of your theory of goodwill.

By the looks of things, the element of premeditation is pretty strong and there's sufficient arguments to point to an exit scam. Please contradict me: post the TX of the "hacked" funds. BTW, how much was actually "hacked"? No one outside of them knows. If it was a hack, which now, after all this, I don't believe it was.

And there's another aspect: all the wording so far points to voluntary liquidation. BUT you don't actually need liquidators to voluntary liquidate: you just end all contracts, cease activity and return all assets of third parties. But you turn to liquidators when you don't have all the assets. So after the haircut they still don't have all owed assets? How funny. Where is the rest, dudes?

Exit scam.
16  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 15, 2019, 05:51:41 AM
Quote
David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia Limited, a New Zealand cryptocurrency exchange based in Christchurch.

The highly publicised hack of Cryptopia’s exchange in January 2019 had a severe impact on the company’s trade. Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was in the best interests of customers, staff and other stakeholders.

The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended.

“We realise Cryptopia’s customers will want to have this matter resolved as soon as possible. We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of customers and stakeholders,” says David Ruscoe.

“Given the complexities involved we expect the investigation to take months rather than weeks.”

The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations.  

Grant Thornton will be contacting all customers and suppliers about its appointment in the next few days.

An initial report will be available on the New Zealand Companies Office website next week. No further comment will be made until more information is available.
Media enquiries, please contact:

Claire Cicchini  
Acumen Republic
E ccicchini@acumenrepublic.com

Cryptopia customer enquiries, please contact:

E liquidation@cryptopia.co.nz

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

The wording suggests voluntary liquidation: it says they were appointed by Cryptopia and not by a judge. Otherwise better known to us by the proper term of exit scam.
17  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 12, 2019, 06:10:37 PM
It's a difference like between night and day the way Binance deals with their incident and the way Cryptopia does. It's been a week and Binance already had three top-level announcements. And no sign of the police locking things down, figure that!
18  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 10, 2019, 08:43:17 AM
I was wondering if in NZ there's a website or portal which lists litigation. In some jurisdictions you can search by name etc.
19  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 09, 2019, 06:34:23 AM
Communicating, creating goodwill and support is still free and largely a human skill not depending on the amount of money you own. Or so it is for me.

I'm sure even Binance would not be able to handle a catastrofic event with massive losses, probably resulting in a scenario that would look more like a Cryptopia case or worse.
Fact of the matter is, except for the words "significant losses" we still know nothing about the magnitude of the event.

I still find it hard to believe how so many devs "centralized" their coins by only listing it on this exchange (or Bittrex, etc.).
They didn't do it on purpose. Getting listed is not that easy and also pretty expensive.
20  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: May 08, 2019, 04:03:32 PM
Binance may have a lot more money than Cryptopia, but there's other differences which are not money-related: transparency, engagement with the community, not hiding behind police who is ill-prepared to take on crypto matters etc.

Less than 24 hours after the event, the owner and CEO of Binance sat down in a live youtube session and explained things. Posted the TX with their stolen funds. Gave some technical explanations about the specifics of the hack. Outlined the solution, which in their case is a commendable complete assuming of responsibility and damages.

On the other hand, 4 months after the Cryptopia event we have nothing of the above, not even the TXs of the stolen funds. All of this would have been free, to share information and engage the community.

Binance has so far always been fair to the community and kept everyone close. Did you see the result? Pledges of help from other important actors in the crypto space. Who did you see pledge help for Cryptopia? No one. I think if they would have been open about what happened, took responsibility that was their to own and asked for help, the community would have helped them. But they just hid behind police bureaucrats.

Wait, someone did offer to help: it was again CZ of Binance who froze some of the presumed stolen funds.
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