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Author Topic: Cryptopia Cryptocurrency Platform Services and Development  (Read 168071 times)
Timelord2067
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May 15, 2019, 04:41:37 AM
 #3681


For those who would want to have a look at the T&C


Ts and Cs before the hack  :

(snip)

Notwithstanding clause 12.1(a), (b), and (c), if we are found to be liable for any loss, cost, damage or expense, our maximum aggregate liability to you will be limited to $5,000[/b]

source : https://web.archive.org/web/20181202165103/https://www.cryptopia.co.nz/Home/Terms#12

My wife is a lawyer, she is in Christchurch I'll ask her what she thinks about it.
She used to work for that liquidator as well.

2 million users multiplied by $5,000 equals ten billion dollars $10,000,000,000 (I doubt Binance has that kind of money sitting around)

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cestmoi
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May 15, 2019, 04:47:29 AM
 #3682

Many users would have less than $50 on the exchange.


But if you had 50 000, they are only liable for 10%

“W̼̟̻͎̞̦̖̭̩͔͇̺͍̩̯̲̔̆̌̏͂͑ͦͧ͛̿̑̈́̎͑̽̍ͭ̏̇͜ill you draW̼̟̻͎̞̦̖̭̩͔͇̺͍̩̯̲̔̆̌̏͂͑ͦͧ͛̿̑̈́̎͑̽̍ͭ̏̇͜ me a sheep?”
sluppy
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May 15, 2019, 04:59:12 AM
 #3683

I had funds on cryptopia that were not affected by the hack in anyway instead of just letting me withdraw my funds they are just doing this now.
I am not happy there was no reason for me to lose money lucky I did not have more on there at the time.

Yeah same ..

also how do they plan to liquidator coins that where only listed on cryptopia  the liquidator should just open the exchange and let us take out shit out.

The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
KazuoHirai
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May 15, 2019, 05:07:00 AM
 #3684

So CEFS(Cryptopia fee shares) just go zero?
arielbit
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May 15, 2019, 05:17:24 AM
Last edit: May 15, 2019, 05:46:03 AM by arielbit
 #3685

no wonder they didn't want you to withdraw funds. BECAUSE YOU ARE ALL GOING TO PAY FOR SOMETHING. this is it folks!

bentheanonmod, xtraelv and lafu was quiet for a reason...

cryptopia: "BUY LOW" by haircut? no! we need more now that BTC is at 8k and going up we are greedy motherfuckers haha

IT WAS A CRYPTOPIA EXIT SCAM AFTER ALL  Wink

Quote
The liquidators are focused on securing the assets for the benefit of all stakeholder

who are the stake holders??...they are stealing your money legally.
Labrader
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May 15, 2019, 05:51:41 AM
 #3686

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.
adaseb
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May 15, 2019, 07:01:31 AM
 #3687

no wonder they didn't want you to withdraw funds. BECAUSE YOU ARE ALL GOING TO PAY FOR SOMETHING. this is it folks!

bentheanonmod, xtraelv and lafu was quiet for a reason...

cryptopia: "BUY LOW" by haircut? no! we need more now that BTC is at 8k and going up we are greedy motherfuckers haha

IT WAS A CRYPTOPIA EXIT SCAM AFTER ALL  Wink

Quote
The liquidators are focused on securing the assets for the benefit of all stakeholder

who are the stake holders??...they are stealing your money legally.

Are you sure they never allowed withdraws? I thought that when the soft trading of those limited pairs opened they allowed withdraws for BTC and LTC and everything else was disabled "As they kept investigating".

I actually had a small amount of BTC on this exchange and feel a little irresponsible for not withdrawing that small amount, even though something told me that "Why is it taking so long and to get out quick just in case".

This is why I withdrew everything from Bitfinex a couple weeks back in case the same scenario happened. You can always send it back to the exchange and the withdraw fees weren't too high.

Really hope they re-enable withdraws for the alt-coins however which werent stolen.





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cestmoi
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May 15, 2019, 08:10:57 AM
 #3688

So CEFS(Cryptopia fee shares) just go zero?

Very likely as those would be unsecured creditor.


However if you have coins, they shouldn't sell your coins to pay debts.


Like if you rent a box to store your shit.
Even if the company behind the box rental goes down, they don't open and sell the content of the box to repay the debts.

They will however sell all the assests owned by the company to pay the debts and reimburse the clients that got their funds stolen

They should have let client that were not impacted to withdraw their funds, not all coins were stolen only a few type of coins were (ETH + ERC20 + a few others). 

VEry poorly managed !

“W̼̟̻͎̞̦̖̭̩͔͇̺͍̩̯̲̔̆̌̏͂͑ͦͧ͛̿̑̈́̎͑̽̍ͭ̏̇͜ill you draW̼̟̻͎̞̦̖̭̩͔͇̺͍̩̯̲̔̆̌̏͂͑ͦͧ͛̿̑̈́̎͑̽̍ͭ̏̇͜ me a sheep?”
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May 15, 2019, 08:16:28 AM
 #3689

“Intranel, major shareholders in failed exchange @Cryptopia_NZ changes name to Monstar and partners with Centrality, PwC and ANZ to form https://www.chainfinancial.io/  smell something fishy”

Source : Facebook

“W̼̟̻͎̞̦̖̭̩͔͇̺͍̩̯̲̔̆̌̏͂͑ͦͧ͛̿̑̈́̎͑̽̍ͭ̏̇͜ill you draW̼̟̻͎̞̦̖̭̩͔͇̺͍̩̯̲̔̆̌̏͂͑ͦͧ͛̿̑̈́̎͑̽̍ͭ̏̇͜ me a sheep?”
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May 15, 2019, 08:16:45 AM
 #3690

I am returning in this thread after a while, i abandoned it when I withdrawn my 86% BTC....

At the end looks like I was right since the beginning. Cryptopia could NOT restart business as anything had happened, lost traders' trust, and I am happy to have withdrawn anything I could as soon as I could. This saved me 80% of funds also in Bitgrail hack and I advise alla of you to do the same if this kind of event will happen again in the future.

At the end things arrived to the worst decision, liquidation, well I thought seizure and then liquidation, not much difference, probably faster because there is no lecal proceeding.

good luck to all I don't think I will ever try to get my other 14%
arielbit
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May 15, 2019, 09:38:39 AM
 #3691

no wonder they didn't want you to withdraw funds. BECAUSE YOU ARE ALL GOING TO PAY FOR SOMETHING. this is it folks!

bentheanonmod, xtraelv and lafu was quiet for a reason...

cryptopia: "BUY LOW" by haircut? no! we need more now that BTC is at 8k and going up we are greedy motherfuckers haha

IT WAS A CRYPTOPIA EXIT SCAM AFTER ALL  Wink

Quote
The liquidators are focused on securing the assets for the benefit of all stakeholder

who are the stake holders??...they are stealing your money legally.

Are you sure they never allowed withdraws? I thought that when the soft trading of those limited pairs opened they allowed withdraws for BTC and LTC and everything else was disabled "As they kept investigating".

I actually had a small amount of BTC on this exchange and feel a little irresponsible for not withdrawing that small amount, even though something told me that "Why is it taking so long and to get out quick just in case".

This is why I withdrew everything from Bitfinex a couple weeks back in case the same scenario happened. You can always send it back to the exchange and the withdraw fees weren't too high.

Really hope they re-enable withdraws for the alt-coins however which werent stolen.

some shitcoin withdrawal were not enabled..some of those they claimed are "secured" but didn't enabled withdrawals.
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May 15, 2019, 10:06:14 AM
 #3692

3000 thether and who should I write now to get at least half?
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May 15, 2019, 10:09:47 AM
 #3693

RIP Cryptopia

Well, at least we still have Kucoin. I like it better anyway.
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May 15, 2019, 10:22:59 AM
 #3694

So sorry to hear cryptopia is in liquidation.  When will get our funds back?

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May 15, 2019, 10:40:49 AM
 #3695

Most likely, never.

Did anyone wonder why they didn't enable some valuable coins? Did you wonder why ZEC and ZCL remained offline? How much do you want to bet the liquidators won't find any of the sellable privacy coins?
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May 15, 2019, 10:41:16 AM
 #3696

I forgot and don't really give a shit but had 10k ETN on there. So expecting to get maybe 1k back in 4 years. Heh, forced hodl. Oh yea had cefs too. Wonder how worthless all the other alts will be soon.
bitcoin9999
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May 15, 2019, 10:48:28 AM
 #3697

Most likely, never.

Did anyone wonder why they didn't enable some valuable coins? Did you wonder why ZEC and ZCL remained offline? How much do you want to bet the liquidators won't find any of the sellable privacy coins?

It took too long to activate coins after the January attack.  Now we know why.

arielbit
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May 15, 2019, 11:24:41 AM
 #3698

so where are the TX and addresses of the hacked BTC, LTC and ETH?

since cryptopia is a goner, are they still pursuing that hacked coins? of course it is over.

assuming they recovered it (which they won't), where will it go? to the liquidation team?

having this pricktopians around here is a red flag hehe

liquidated?...welcome to cryptopia version 2.0 or i should say pricktopian scam version 2.0 in the making --> https://assetylene.com/
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May 15, 2019, 11:26:18 AM
 #3699

This is sad news. I liked trading at Cryptopia, it was an easy going usually no problems quick exchange. I withdrew my funds there, and had to take a loss on my LTC - but hey, all in all I made some money there over the years. RIP!
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May 15, 2019, 11:55:33 AM
 #3700

 I feel sick, the thieving bastards have totally fucked me over.

Years of of trading with them to be treat like this, what a bunch of evil shitheads.

I'll take any freebies on offer Smiley
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