Cryptopia Cryptocurrency Platform Services and Development

[Indymoney]

scammers go unpunished and continue to trick people. One gang that impatiently awaits in hell
"Cryptopia" 
"Tradesatoshi"
next will "Unnamed Exchange"

No one can stop these scammers and scams until they burn in hell with our funds same persons same crimes and no punishment good going.

[1715421474]

1715421474

[four3200]

scammers go unpunished and continue to trick people. One gang that impatiently awaits in hell
"Cryptopia"  
"Tradesatoshi"
next will "Unnamed Exchange"

Thank you for the information.
Tradesatoshi from London did not send email about their closing next week.  I am curious if they will send a notification.

"Tradesatoshi" is closing meanwhile my funds there have been "Locked" forever.
And the unlock process does not work.

Stay scammy mcscammy


Don't know much about the other Craptopia Carbon Copy
https://bitcointalk.org/index.php?topic=5169189.0

[TheCryproMaster]

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.

[TheCryproMaster]

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.

[miningguru]

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.

How long this case will continue because there are many people waiting for the positive news from the court, is there any chance for the Crytopia exchange to be launched again because I am one of the fans of cryptopia previously I used trade continuously in this exchange.

[Timelord2067]

Unless it was classed as an "urgent application" (think of the USA application to freeze the website being removed by the host providers unless overdue fees were paid) the courts in NZ/Aust/UK will hear an application, the court will then reserve their decision (so that they can look at the evidence and make an evaluation) then make a determination at a later date.

From what I can tell all the evidence is presented in one session - like being given a telephone directory and asked to read and review it, you can't do so in one day, hence the crown will reserve their decision.  Judges hear evidence in all kinds of cases, so they aren't entirely in the dark concerning this particular case.  They are only looking at the funds were partially stolen, funds were saved, this is what's owing, this is what we have left in the cash register.

The issue of the funds being stolen is not actually relevant - that's the NZ Police's jurisdiction.  They will present their brief of evidence to the Office of the Director of Public Prosecution who will decide who to lay charges against.  That brief of evidence is given to the defence council and is presented in a court of law (not public opinion)...

As I said just above, the theft and the directions hearing are two different beasts.

[Indymoney]

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.

How long this case will continue because there are many people waiting for the positive news from the court, is there any chance for the Crytopia exchange to be launched again because I am one of the fans of cryptopia previously I used trade continuously in this exchange.

I don't think this exchange is going to be launch again or we have any chance of funds back because its very long run case and liquidators already taking their fees so they have no problem its just for all investors problem but no one going to give them any releif.

[Finger]

BANG -> Grant Tronton

[WickedPigeon]

"Turn off the lights, turn off the lights
Turn on the charm for me tonight
I've got my heavy heart to hold me down
Once it falls apart my head's in the clouds
So I'm taking every chance
I got Like the man I know I'm not
A heavy heart on the boulevard tonight,
oh Shooting stars watch me fall apart tonight"

I wasn't there in the beginning, but I'm left with the bag at the ending.
Good night. 

[sisquo2121]

The problem is that Grant Thornton is technically illiterate and so is the judge. They both don't understand basic concepts of databases and how they work.

All you have to do is a database query for every coin to see how much all the users are holding and compare it to that coins wallet amount. This should take one day to do. Yet Grant Thornton makes it seem like they have to manually add up all the users amounts for each coin.

This is beyond a joke. The judge probably knows zero about cryptocurrency and databases and how they function. So what you have is technical incompetence on both sides scratching their heads like mindless idiots because of a serious deficiency in understanding.

What is needed is an expert to handle everything. From calculating the amount the users own for each coin , by doing database queries, and comparing it to the amounts in the wallets; To updating the binaries so the coins are up to date and can be withdrawn; To securing the coins so they can't be hacked.

Grant Thornton hasn't done a damn thing since they took over as liquidator. They haven't even bothered securing the coins or contacting each coins development team to see whats needed to make sure the coins are up to date and able to be secured and withdrawn by users.

They haven't even attempted to do database queries to find out exactly how much the users own for each coin and comparing it with the amount in the coins wallets. With this level of incompetence, by Grant Thornton and the judge, I can't see how anything can be solved at all.

[landuvour]

The problem is that Grant Thornton is technically illiterate and so is the judge. They both don't understand basic concepts of databases and how they work.

All you have to do is a database query for every coin to see how much all the users are holding and compare it to that coins wallet amount. This should take one day to do. Yet Grant Thornton makes it seem like they have to manually add up all the users amounts for each coin.

This is beyond a joke. The judge probably knows zero about cryptocurrency and databases and how they function. So what you have is technical incompetence on both sides scratching their heads like mindless idiots because of a serious deficiency in understanding.

What is needed is an expert to handle everything. From calculating the amount the users own for each coin , by doing database queries, and comparing it to the amounts in the wallets; To updating the binaries so the coins are up to date and can be withdrawn; To securing the coins so they can't be hacked.

Grant Thornton hasn't done a damn thing since they took over as liquidator. They haven't even bothered securing the coins or contacting each coins development team to see whats needed to make sure the coins are up to date and able to be secured and withdrawn by users.

They haven't even attempted to do database queries to find out exactly how much the users own for each coin and comparing it with the amount in the coins wallets. With this level of incompetence, by Grant Thornton and the judge, I can't see how anything can be solved at all.

Hi mate, so do you think users will see again their funds or not?

[malcovi2]

Hi mate, so do you think users will see again their funds or not?

possible just like MT.GOX but expect that it would take years and a very small amount.

[TheCryproMaster]

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.

[JollyGood]

Was it really necessary for Clark or Dawson to instruct Grant Thornton?

How long would it have taken for them to return the approximate 10% that was stolen in the first place? They could have done it without bringing administrators in.

There is more to this story that we are not aware of.

[Indymoney]

Hi mate, so do you think users will see again their funds or not?

possible just like MT.GOX but expect that it would take years and a very small amount.

I am feeling we will have nothing from this even its take years because this is going to be in no way just waste of time and good fees for liquidators.

[Timelord2o67]

Qantas has just cancelled all international flights end of March to the end if May at earliest. Virgin Australia did the same thing yesterday.

Grant Thornton are apparently on the record as having their Trans-Tasman office in Brisbane handling portions of the insolvency matters.  Given both New Zealand and Australia both have 14 day mandatory self isolation for arrivals from overseas (even between NZ and Oz) it's unlikely the Cryptopia disaster will be cleared any time this year.

People should focus on staying safe at this point.

[sisquo2121]

Its pretty obvious what Grant Thornton is trying to do. They're trying to claim the database is inaccurate and that the customers can have whatever is left in the wallets.

That means Grant Thornton and the Cryptopia thieves can drain most of the wallets coins and claim the database was off on its calculations. It just gives them room to steal the over 90% of the coins that should still be in the wallets.

We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff. We also know that to calculate how much each coin the users own in the database and comparing it to the coins wallets is very simple.

You would just execute very simple sql commands to specify the total amount that users own for each coin and do a quick comparison with whats left in the wallet. I'm assuming they used a sql database. It could be any database and that database would have its own set of database commands.

This  is not Mt Gox which lost 100% of their coins. Cryptopia lost between 5% to 10% of the coins on the site. The judge better see through the nonsense that Grant Thornton is doing and put an end to it fast.

The New Zealand judge is just letting them get away with absolute criminal level behavior. Grant Thornton hasn't contacted any of the developers to make sure the coins binaries are up to date so they can be withdrawn.

They haven't secured the coins to prevent future coins from being hacked and stolen. They've sold some office chairs and computers and charged 1 million for something that can be done by grade school teenagers in a couple days.

We need some experts to explain to the judge and point out all the nonsense Grant Thornton has been up to.  The judge needs more than just legal arguments he needs to know exactly how everything works.

 Right now he's just getting the wool pulled over his eyes by Grant Thornton. They're just snowballing him him with lies because they know the judge doesn't have a clue about how cryptocurrency works.

[Timelord2067]

We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff.

What you should have then added to that statement was : It was maintained precisely by the Cryptopia staff who, when the wallets were drained of funds, were unable to stop the theft of users' funds over a two week period when multiple thefts occurred and then phoned the police to report that a theft had occurred.

[sisquo2121]

We know the database is 100% accurate. It was maintained precisely by the Cryptopia staff.

What you should have then added to that statement was : It was maintained precisely by the Cryptopia staff who, when the wallets were drained of funds, were unable to stop the theft of users' funds over a two week period when multiple thefts occurred and then phoned the police to report that a theft had occurred.

I said exactly what I should have said. What does there inability to stop a theft have to do with a database being maintained accurately. I know that they had the exact amount I deposited in my account to several decimal places of accuracy. 

If anyone had a different amount than what they owned you would have heard people complaining about the amount in their account being inaccurate. I haven't heard one complaint from users saying the amount that was shown in their account was wrong.

Once the thieves had the keys to the wallets they could take the coins at their leisure and there was no way anyone could stop it. That's why the theft happened over a long time and not all at once. Once they had the keys they could take their time stealing coins.

[Bitum]

What is the current situation with this exchange at the moment? What I read last, everyone who wants to get his active back has to go through the identification process, is that right? and where can you do that? I haven't received any information from exchange so far