Cryptopia Cryptocurrency Platform Services and Development

[JollyGood]

is cryptopia alive?

It's dead Jim.

Sadly still not clear what will happen to the funds after they give enough time for people to make their claims.

[pinoycash]

is cryptopia alive?

It's dead Jim.

Sadly still not clear what will happen to the funds after they give enough time for people to make their claims.

Are they processing KYC procedure now? I lost track on what is currently happening now with crytopia after the last update.

[RivAngE]

is cryptopia alive?

It's dead Jim.

Sadly still not clear what will happen to the funds after they give enough time for people to make their claims.

Are they processing KYC procedure now? I lost track on what is currently happening now with crytopia after the last update.

What is happening is obvious, some Cryptopia officers are seen in the pictures bellow, trying hard to return the money they owe to their customers!
You have nothing to fear mate!

[scambust]

is cryptopia alive?

It's dead Jim.

Sadly still not clear what will happen to the funds after they give enough time for people to make their claims.

Are they processing KYC procedure now? I lost track on what is currently happening now with crytopia after the last update.

No..

Faster to check the website. At least it is always up. And to read the FAQs pertaining to the liquidation. Here are some excerpts:

3. Will I get my coins returned on the conclusion of the investigation?

The purpose of the investigation is to confirm the amounts owing and available to return to customers. Until the investigation has concluded, we cannot confirm whether individual customers will get all of their crypto-assets returned.

 

4. How long will the investigation take?

Due to the complexity of the investigation and the number of customers and stakeholders involved, we expect the investigation will take months. We will keep you informed as information becomes available.

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=20d84d54db69778084ed147a3a9619bc

This feels like a two or three-year problem before being resolved.

[TheCryproMaster]

As my crypto trading days are now over and have too much time on my hands I have for the past month sat outside the GT offices at lunch time and can confirm those liquidators lunches are getting longer, going on to 2 hours now. At this rate they soon wont be able to get any work done as their fat asses wont be able to get through the front door.
And yes there are restaurants, bars and cafes here in Christchurch accepting btc, ain't that just fucking handy eh.

[Finger]

WE ARE CLOSING DOWN SOON.
Read the announcement for full details.
Please make sure all withdrawals are completed before the 1st of December 2019. https://www.coinexchange.io/

[DADIBLAND]

WE ARE CLOSING DOWN SOON.
Read the announcement for full details.
Please make sure all withdrawals are completed before the 1st of December 2019. https://www.coinexchange.io/

This site respects its users
Cryptopia is thieves
They defrauded the members

[JollyGood]

So another one is closing down so it Novaexchange.

If they are not closing down they are getting hacked - what is next?

[Timelord2o67]

Just a reminder I'll be at Ferrymead this time next week if anyone is in the area and wants to say G'day and have a chat about how badly managed Cryptopia turned out to be...

[RivAngE]

So another one is closing down so it Novaexchange.

If they are not closing down they are getting hacked - what is next?

We'll end up with just a few, high-quality exchanges.
We never needed 200 unregulated exchanges in the first place. The bear market made it clear to them.

[JollyGood]

So another one is closing down so it Novaexchange.

If they are not closing down they are getting hacked - what is next?

We'll end up with just a few, high-quality exchanges.
We never needed 200 unregulated exchanges in the first place. The bear market made it clear to them.

There will be many of these exchanges around for many years. Useless exchanges with ownership details in ToS can be seen everywhere. Many post their services here and have dedicated users who post nothing but positive things about them even though nobody in their right mind would use them.

[virasog]

is cryptopia alive?

It's dead Jim.

Sadly still not clear what will happen to the funds after they give enough time for people to make their claims.

Are they processing KYC procedure now? I lost track on what is currently happening now with crytopia after the last update.

Which KYC process ? I have been regularly following the Cryptopia website and there is nothing mention about the KYC etc.  Are they showing any intent to return the customers funds if they do the KYC  ? Although this requirement looks ridiculous but I want to know complete information what's going on.
I have my funds stuck in there and I badly want them back.

[noormcs5]

So another one is closing down so it Novaexchange.

If they are not closing down they are getting hacked - what is next?

We'll end up with just a few, high-quality exchanges.
We never needed 200 unregulated exchanges in the first place. The bear market made it clear to them.

The small exchanges like Novaexchange, Cryptopia , yobit (it will continue to exist) were the heaven for the new coins. The big exchanges like Binance and bittrex requires too much fee to list the coins which the small projects cannot afford to pay.
With all the small exchanges shutting down, what will happen to those coins which are only listed on these exchanges ?

[TheCryproMaster]

They will deservedly die like the steaming pile of shitcoins they are.

BTC store of value. ETH smart contracts. XMR anonymity. LTC cheap transactions. Maybe a handful of others with real world uses.

The rest is dogshit not worth wiping your ass with and deserve to die with these dead exchanges.

[jhenfelipe]

Which KYC process ? I have been regularly following the Cryptopia website and there is nothing mention about the KYC etc.  Are they showing any intent to return the customers funds if they do the KYC  ? Although this requirement looks ridiculous but I want to know complete information what's going on.
I have my funds stuck in there and I badly want them back.

If you regularly follows Cryptopia website, you probably saw the links to Updates from the Liquidators. The last update was from 20 August 2019, visit the link to see all details.

From that update they mentioned about KYC. Though the process wasn't stated there yet, it seems certain that customers are required to go through that if they want to get back their crypto-assets.

What I was worried about is, if the customer didn't put any real identification in their website, would they still be able to get their crypto-assets when they do the KYC. Iirc, Cryptopia didn't require much information in the website, username is enough.

[xtraelv]

If you regularly follows Cryptopia website, you probably saw the links to Updates from the Liquidators. The last update was from 20 August 2019, visit the link to see all details.

Disappointing that the updates are far and few between.

According to this recent article the liquidators have been reaching out to token developers.
https://decrypt.co/9996/cryptopia-calls-token-developers-help-return-hacked-funds

https://twitter.com/derekcapo/status/1176330232862846976

https://pbs.twimg.com/media/EFQ5W2hUEAEyDs-?format=png&name=large

[JollyGood]

If you regularly follows Cryptopia website, you probably saw the links to Updates from the Liquidators. The last update was from 20 August 2019, visit the link to see all details.

Disappointing that the updates are far and few between.

According to this recent article the liquidators have been reaching out to token developers.
https://decrypt.co/9996/cryptopia-calls-token-developers-help-return-hacked-funds

https://twitter.com/derekcapo/status/1176330232862846976

https://pbs.twimg.com/media/EFQ5W2hUEAEyDs-?format=png&name=large

I think after learning that investors will have to send their KYC before any portion (no matter how tiny) of their funds will be returned or allocated to them, many have just switched off as they have no faith in the system. There is an almost total distrust with the administrators and those two reasons are playing a big part in users just not expecting anything good to come out it.

Maybe if the announcements were more frequent things might be better but moral is low.

[sisquo2121]

The lawsuits need to start piling up now. We've waited long enough for these clowns to secure the coins.  They need to start putting these criminals in jail and filing class action lawsuits. They're just stalling right now to buy themselves time. They're probably using the coins to buy and sell on exchanges to make themselves money.

This was obviously an inside job. They were going under and they decided to steal they're own coins and pretend they got hacked. They lose 5% of their coins and that's enough to stall for almost a year. Other exchanges lost much more than that and paid back they're users quickly. These lowlifes better start getting heat from the authorities because they've been given more than enough time to get us our coins back.

This grant thorton company is a shady company that's been hired to try and steal as much as they can and come up with excuse after excuse to stall for time. I just hope these guys that owned cryptopia get ice picks in their eyes.  What a bunch of scum

[JollyGood]

The lawsuits need to start piling up now. We've waited long enough for these clowns to secure the coins.  They need to start putting these criminals in jail and filing class action lawsuits. They're just stalling right now to buy themselves time. They're probably using the coins to buy and sell on exchanges to make themselves money.

This was obviously an inside job. They were going under and they decided to steal they're own coins and pretend they got hacked. They lose 5% of their coins and that's enough to stall for almost a year. Other exchanges lost much more than that and paid back they're users quickly. These lowlifes better start getting heat from the authorities because they've been given more than enough time to get us our coins back.

This grant thorton company is a shady company that's been hired to try and steal as much as they can and come up with excuse after excuse to stall for time. I just hope these guys that owned cryptopia get ice picks in their eyes.  What a bunch of scum

I would have thought lawsuits while liquidators were in involved would have been highly unlikely though maybe not impossible.

Any court case really should be considered after liquidators make it clear what assets have been secured so there can be a categoric distinction between "how much money cryptopia has" vs "how much money cryptopia owes"

Why were those liquidators with a bad reputation appointed anyway?

[WickedPigeon]

Why were those liquidators with a bad reputation appointed anyway?

OK - I've got money lost at CRYptopia too. And I'm not happy about it.
But Grant Thorton is not a "bad reputation" company. It's a major global accounting services firm with a very good global reputation. While no one is happy, it takes years to settle a liquidation. Nothing you can do but wait.

Lesson learned - not your keys, not your coins. if you leave coins at an exchange, it's on you.