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Author Topic: Cryptopia Cryptocurrency Platform Services and Development  (Read 168074 times)
DADIBLAND
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May 20, 2019, 05:47:25 PM
 #3781

We demand the imprisonment of criminals

And be a trial outside of New Zealand
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TheCryproMaster
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May 20, 2019, 09:17:24 PM
 #3782

We demand the imprisonment of criminals

And be a trial outside of New Zealand

Typical dumbass comment from a resident of a country where their laws are worth less than 2nd hand toilet paper.

Be assured if Cryptopia owners have done any illegal activities they'll have their balls (or lady balls) nailed to the wall.

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May 20, 2019, 11:35:04 PM
 #3783

Tradesatoshi.com belongs to Adam Clark.
Well he is also one of the owners of the now bancrupt exchange cryptopia.
All victims of cryptopia know now how they were cheated.
After the hack around 15% of funds were lost.
But most of the remaining cryptos were not able to be traded or withdrawn afterwards.
So Cryptopia made mode damage than the hackers.
False and missing information from the scammers at cryptopia.
All Funds inside are now lost.
But until the last day they allowed deposits, so they rose the damage.
Just keep that in mind, if you trade on tradesatoshi.com with at least one of the same guys...and think twice if you can trust them....

As far as I am aware Tradesatoshi does not belong to Adam Clark.

Francesco Alibrandi started Tradesatoshi and paid Adam Clark for the code to set up an exchange. Since then the exchange has changed a lot and has other site developers.
https://beta.companieshouse.gov.uk/company/09878766/officers

Since then Tradesatoshi moved its jurisdiction from the UK to HK.
According to the HK company records Francesco Alibrandi is still the sole director.


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May 21, 2019, 12:34:04 AM
Last edit: May 21, 2019, 01:45:57 AM by xtraelv
Merited by vapourminer (1), taikuri13 (1), RivAngE (1)
 #3784

Looks like the stolen Ethereum is on the move and being laundered on Huobi

https://www.coindesk.com/the-cryptopia-hackers-are-moving-funds-into-at-least-four-wallets

Quote
Now, according to an analysis by CoinFirm, the hackers are moving that cash into separate wallets, including two CoinDesk found that were directly connected to Huobi.






OK so there's something that's confusing me a lot regarding cryptos and liquidation. Particularly with MTgox and what happened to their customers and apologies in advance if I've got the wrong idea regarding this.

MTGox repaid their customers in USD value at the time of the liquidation, they did not return the coins users had.

If cryptopia does this in a few months and say we still go at the parabolic rate the market is going in now, can they do the same thing and pay back what the USD value is now?

What happens, if they do pay the $$$ value, to the coins left over. Who gets them?

Same question with MTgox, who or what entity is now owners of the bitcoins not paid out?



MtGox was very different. They only traded bitcoin and were insolvent for some time (several hacks).



It was initially thought there were no bitcoins left but a cold wallet was eventually "found".

MtGox was based in Japan so Japanese law applied and funds were intermingled with company funds.

NZ law is different. Most of the coins I don't expect to have been intermingled. I have previously posted how I expect the liquidation to be conducted.

here and here Any other way would be stupid and will get a lot of opposition.

We are surrounded by legends on this forum. Phenomenal successes and catastrophic failures. Then there are the scams. This forum is a digital museum.  
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May 21, 2019, 09:55:27 AM
 #3785



I read that at the MtGox exchange case every client of that exchange had options to decide:
   1. to be paid in USD or JPY (court sold 10-20% of found bitcoins)
   2. to be paid in found bitcoins

Those options are very fair.

Process still lasts, and at this moment no client is paid by found bitcoins or by fiat money, as I know.

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May 21, 2019, 10:26:11 AM
 #3786

OK so there's something that's confusing me a lot regarding cryptos and liquidation. Particularly with MTgox and what happened to their customers and apologies in advance if I've got the wrong idea regarding this.

MTGox repaid their customers in USD value at the time of the liquidation, they did not return the coins users had.

If cryptopia does this in a few months and say we still go at the parabolic rate the market is going in now, can they do the same thing and pay back what the USD value is now?

What happens, if they do pay the $$$ value, to the coins left over. Who gets them?

Same question with MTgox, who or what entity is now owners of the bitcoins not paid out?



They will probably pay $$$ value at the time of the hack,

The floating question right now what will be the value of those coins that only being traded on cryptopia? Having zero exchange their value is flat zero. The liquidators should just refund the users of those non-liquid coins.

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somebody else
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May 21, 2019, 10:36:31 AM
 #3787



Why do you think liquidators should decide about things which are not part of the Cryptopia's assets?

I don't want that anybody decide about my asset except me!

I want all coins which are at my portfolio. I don't want fiat.

I did not accredit any liquidators to work with my coins.

I want to decide what to do with my coins, and that is my right.



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May 21, 2019, 12:43:24 PM
 #3788

I say that another time,

this situation looks very similar to Bitgrail hack.

On may 2018 Bitgrail reopened withdrawals for a couple of hours (allowing me to luckily withdraw big part of my funds) but after 2 hours the italian Court ordered them to close all withdrawals, so the funds were not considered customer property, and it's not still 100% clear but, even if only "nano" were stolen, they will probably use BTC to pay also. nano hodlers. Unfortunately nano hack was enormously bigger than other crypto balances.
At the end it's very likely BTC will be used to pay lawyers and not much else.
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May 21, 2019, 03:41:39 PM
 #3789

Why do you think liquidators should decide about things which are not part of the Cryptopia's assets?

I don't want that anybody decide about my asset except me!

I want all coins which are at my portfolio. I don't want fiat.

I did not accredit any liquidators to work with my coins.

I want to decide what to do with my coins, and that is my right.



I AGREE
four3200
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May 21, 2019, 04:05:39 PM
 #3790

Scammer Assistant xtraelv
<< hat of scammer

eat a bag of rainbow coloured sheep balls
https://www.linkedin.com/in/adam-clark-20a07887/

[screen shot pls]

■▐ ▎▬▬▬▬▬▬ 7 YEAR CROWDSALE▐ ▎■BUY UNO ▬▬▬▬▬▬▐ ▎■
bigDog9kiloasicTALKTop-apocalypse#420jfa#PR0#form#coin#POSpoll#simpleDEX #open🐢
Cent21
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May 21, 2019, 05:35:58 PM
 #3791


I don't understand what the liquidators are going to do with safe coins... I mean those cryptocurrencies that where not stolen by hakers.... Will they sell everything and give everybody just a fraction of that they had before? Or will they let withdraw of unaffected cryptocurrencies?

It's not clear.
ReD_Yaka_MoZ_
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May 21, 2019, 08:00:17 PM
 #3792

Cryptopia’s stolen crypto apparently found on exchanges from https://coingeek.com/cryptopias-stolen-crypto-apparently-found-on-exchanges/
New Zealand-based cryptocurrency exchange Cryptopia was reportedly hacked not once, but twice this past January. “Millions of dollars” in crypto was lost, including Ether (ETH) and Centrality (CENNZ). Cryptopia went dark shortly after the malicious activity in an effort to repair the damage and put everything back in order, only to finally succumb to its wounds last week and be placed in a coffin. The crypto community wasn’t ready to give up the hunt for what happened to the funds, and many of them have reportedly now been found.

According to Elementus, a blockchain analysis company, Cryptopia lost about $16 million in total, with hackers getting away with ETH, CENNZ, Lisk ML, Pillar, Enjin Coin, LINA and many more. A tweet by AMLT Token & Network from a few days ago indicates how the coins were distributed, stating, “As the #CryptopiaHack story continues to unfold, almost all tokens landed on major exchanges while the #ETH still sits on a hackers address according to @Coinfirm_io coinfirm.com. Below is @0xProject $ZRX @KyberNetwork $KNC @PowerLedger_io $powr going to exchanges.”

The tweet included a graph of crypto movements, assumedly showing how the different currencies were being spread.

A later tweet by Confirm stated that 10 ETH – out of the 30,790 that were stolen – ended up on “major crypto exchanges.” It didn’t, however, specify to which exchanges the funds were sent, only offering, “The #Cryptopia hacker just moved funds to a major #crypto exchange according to Coinfirm! The hacker sent 30790 #ETH (~$7.67M) to a new address (Yellow) and then sent 10 ETH (~$2500) to an exchange address (green) that then landed on their Hot Wallet.”

The tracking of the stolen funds has become an obsession with some crypto enthusiasts and analysts because there is a working theory that Cryptopia was never hacked. It is theorized that it was an inside job, a suggestion reiterated by Reddit user “seemee89,” who stated, “It’s easy to understand. Cryptopia can’t follow legal frameworks. Cryptopia pays hackers to hack exchange or they ‘hack’ themselves. Cryptopia closes the company and founders are swimming with dolphins on Fiji with Eth and [Bitcoin Core] earned. So, this Eth is actually not hackers ownership but founder ownership, right?”
Labrader
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May 21, 2019, 09:42:50 PM
 #3793

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?
arielbit
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May 22, 2019, 08:01:44 AM
 #3794

Tradesatoshi.com belongs to Adam Clark.
Well he is also one of the owners of the now bancrupt exchange cryptopia.
All victims of cryptopia know now how they were cheated.
After the hack around 15% of funds were lost.
But most of the remaining cryptos were not able to be traded or withdrawn afterwards.
So Cryptopia made mode damage than the hackers.
False and missing information from the scammers at cryptopia.
All Funds inside are now lost.
But until the last day they allowed deposits, so they rose the damage.
Just keep that in mind, if you trade on tradesatoshi.com with at least one of the same guys...and think twice if you can trust them....

As far as I am aware Tradesatoshi does not belong to Adam Clark.

Francesco Alibrandi started Tradesatoshi and paid Adam Clark for the code to set up an exchange. Since then the exchange has changed a lot and has other site developers.
https://beta.companieshouse.gov.uk/company/09878766/officers

Since then Tradesatoshi moved its jurisdiction from the UK to HK.
According to the HK company records Francesco Alibrandi is still the sole director.



nice of you to point out that scammers worked with a scammer hehe. you know "birds of the same feather flock together"..
BOoOBa
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May 22, 2019, 09:55:00 AM
Last edit: May 23, 2019, 02:49:00 PM by BOoOBa
 #3795

Cryptopia’s stolen crypto apparently found on exchanges from https://coingeek.com/cryptopias-stolen-crypto-apparently-found-on-exchanges/
New Zealand-based cryptocurrency exchange Cryptopia was reportedly hacked not once, but twice this past January. “Millions of dollars” in crypto was lost, including Ether (ETH) and Centrality (CENNZ). Cryptopia went dark shortly after the malicious activity in an effort to repair the damage and put everything back in order, only to finally succumb to its wounds last week and be placed in a coffin. The crypto community wasn’t ready to give up the hunt for what happened to the funds, and many of them have reportedly now been found.

According to Elementus, a blockchain analysis company, Cryptopia lost about $16 million in total, with hackers getting away with ETH, CENNZ, Lisk ML, Pillar, Enjin Coin, LINA and many more. A tweet by AMLT Token & Network from a few days ago indicates how the coins were distributed, stating, “As the #CryptopiaHack story continues to unfold, almost all tokens landed on major exchanges while the #ETH still sits on a hackers address according to @Coinfirm_io coinfirm.com. Below is @0xProject $ZRX @KyberNetwork $KNC @PowerLedger_io $powr going to exchanges.”

The tweet included a graph of crypto movements, assumedly showing how the different currencies were being spread.

A later tweet by Confirm stated that 10 ETH – out of the 30,790 that were stolen – ended up on “major crypto exchanges.” It didn’t, however, specify to which exchanges the funds were sent, only offering, “The #Cryptopia hacker just moved funds to a major #crypto exchange according to Coinfirm! The hacker sent 30790 #ETH (~$7.67M) to a new address (Yellow) and then sent 10 ETH (~$2500) to an exchange address (green) that then landed on their Hot Wallet.”

The tracking of the stolen funds has become an obsession with some crypto enthusiasts and analysts because there is a working theory that Cryptopia was never hacked. It is theorized that it was an inside job, a suggestion reiterated by Reddit user “seemee89,” who stated, “It’s easy to understand. Cryptopia can’t follow legal frameworks. Cryptopia pays hackers to hack exchange or they ‘hack’ themselves. Cryptopia closes the company and founders are swimming with dolphins on Fiji with Eth and [Bitcoin Core] earned. So, this Eth is actually not hackers ownership but founder ownership, right?”


Great! Why doesn't Cryptopia open access to the remaining wallets? My nephew would be happy to get his coins back.


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May 22, 2019, 10:18:26 AM
 #3796

whale alerts has today many messages about stolen ETH sent to HUOBI.
TheCryproMaster
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May 22, 2019, 11:11:24 AM
 #3797

From personal experience Huobi are a bunch of inbred dog fucking cunts that would sell their first born to a fucking paedo sex ring for a quick buck. They wont stop the sale of these coins. Wouldn't be surprised if they get a good percentage kick back.

Prove me wrong Leon you degenerate fucker show us your spine is not made of your boyfriends wank juice.


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May 22, 2019, 02:39:37 PM
 #3798

Nice business plan for crypto exchange:

1) Steal 10% of funds from yourself.
2) Declare the bankruptcy.
3) Steal the rest 90% of user coins.
4) Profit!

And if Cryptopia owners will not go to jail for that - this plan is totally legal...

Some part of earned profit may be spent for creating a new exchange and repeating this scheme...
pinoycash
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May 22, 2019, 03:40:22 PM
 #3799

Nice business plan for crypto exchange:

1) Steal 10% of funds from yourself.
2) Declare the bankruptcy.
3) Steal the rest 90% of user coins.
4) Profit!

And if Cryptopia owners will not go to jail for that - this plan is totally legal...

Some part of earned profit may be spent for creating a new exchange and repeating this scheme...

1) = 14% of funds not 10% Cheesy

This is the reason why crypto is having a bad name in the majority of new comers in the crypto world. Someone has to spend a jail time from cryptopia founders for this mess to set an example that scam exchange has no place on the crypto industry.

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DADIBLAND
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May 22, 2019, 07:42:19 PM
 #3800

The issue of piracy is a deliberate process
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