Cryptopia has been in "maintenance" for the last 14 hours!

[Raja_MBZ]

This is bad - they've not published any single update within the last 20 days!

[1714939537]

1714939537

[mr.relax]

They are bankrupt.
All Coins that are left in our balance are lost.
Dont expect anything to get back.

14-20% of funds stolen by hackers.
80% stolen by Cryptopia.

LIARS and SCAMMERS

[Raja_MBZ]

This is bad - they've not published any single update within the last 20 days!

OMG, they just released a new update on their Twitter handle and it's definitely NOT a good one:

Cryptopia Limited appoints Grant Thornton as Liquidators - https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/

From the press release:

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.”

[examplens]

This is bad - they've not published any single update within the last 20 days!

OMG, they just released a new update on their Twitter handle and it's definitely NOT a good one:

Cryptopia Limited appoints Grant Thornton as Liquidators - https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/

From the press release:

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.”

After 20 days without any word from there, now they proclaiming bankruptcy. I'm not sure that there is no deliberate intention. Now closed all withdrawals and all coins remain in their pockets.

[mr.relax]

In the last days it looked as if the btc withdraws were long delayed, so maybe they were running out of coins.
That means, they would maybe not have hold the amount they should hold.
Well after got hacked with 9-20% lost, they did the haircut, so the loss was already socialized.
Most coins were trade disabled, even after they "secured" the wallets.
There was no intention to give more than a few selected coins back,
but they enabled deposit of BTC until the very moment they closed.
Kind of scammy eh?
All users that held coins today will probably see nothing any more, or only a fraction, and that after maybe years.
So why did they file bancrupcy?
After spreading lies about their progress and disinformation about the hack, what shall we believe?
Isnt that extreme unfair to the users? What dead corpses are hidden under cryptopias carpets?

Yesterdays maintenance screen showed: DONT PANIC

Thats pure sarcasm, they even laugh about us stupid users loosing all funds...

[erikalui]

Now I can say that they are scammers. They are not even giving us our own money. Fortunately I withdrew my BTC and I lost 0.03 BTC in altcoins now since they shut down. I feel more bad for users who lost more.

[pinoycash]

In the last days it looked as if the btc withdraws were long delayed, so maybe they were running out of coins.
That means, they would maybe not have hold the amount they should hold.
Well after got hacked with 9-20% lost, they did the haircut, so the loss was already socialized.
Most coins were trade disabled, even after they "secured" the wallets.
There was no intention to give more than a few selected coins back,
but they enabled deposit of BTC until the very moment they closed.
Kind of scammy eh?
All users that held coins today will probably see nothing any more, or only a fraction, and that after maybe years.
So why did they file bancrupcy?
After spreading lies about their progress and disinformation about the hack, what shall we believe?
Isnt that extreme unfair to the users? What dead corpses are hidden under cryptopias carpets?

Yesterdays maintenance screen showed: DONT PANIC

Thats pure sarcasm, they even laugh about us stupid users loosing all funds...

Yes, Most probably there are no more bitcoins left and instead of saving a sinking ship they decided to let it sink. BTC suffers 14% haircut then what happens to others 86% bitcoins? Not everyone withdraw their coins in the hope that they will get back on track and resume normal operation.

But everyone is caught off guard and now its all in the hands of the liquidators. All cryptopia founders already have a secure future with their customers money. And they are already off the hook and free to do anything even launch a new exchange if they want to.

[Raja_MBZ]

Looks like someone really wants to be the next Cryptopia:

Alert!  If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/  #Cryptopia #novaexchangev

[figmentofmyass]

Looks like someone really wants to be the next Cryptopia:

Alert!  If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/  #Cryptopia #novaexchangev

haha, sounds about right. nova exchange was once a contender in the super low cap coin market, up until their sloppy transfer of ownership where they shut down for several months. i guess cryptopia has left a big vacuum in this market. this is nova's chance to reclaim some market share.

[mr.relax]

Novaexchange has  hidden hosting as whois shows.
I also cannot find an imprint on the website.
Who is the company behind?
Its shady as its totally anonymous but asks users to do KYC.
I prefer KYE(KnowYourExchange) before I sent a satoshi there...

[The Sceptical Chymist]

Now I can say that they are scammers.

Yep, I just took a look at their home page and it definitely looks like shit an exit-scamming exchange would write.  I never used Cryptopia, but I do feel bad for everyone who had coins there.  Unbelievable.  It's stuff like this that makes me really nervous about depositing even small amounts of crypto on an exchange.  This last thing with Binance had me paranoid for about a week while they had deposits and withdrawals suspended.  Binance customers got lucky, I guess.  Cryptopia customers got screwed.

And they are already off the hook and free to do anything even launch a new exchange if they want to.

Are they?  This just happened, so isn't the outcome at this point at least a little uncertain?  I would assume that there are a lot of pissed off people who had coins on Cryptopia who might want to take some action, much like the Cryptsy situation (but I'm not even sure what the final outcome was of that one). 

[pinoycash]

Novaexchange has  hidden hosting as whois shows.
I also cannot find an imprint on the website.
Who is the company behind?
Its shady as its totally anonymous but asks users to do KYC.
I prefer KYE(KnowYourExchange) before I sent a satoshi there...

There was no information about the new owners. They are aggressive and getting more coins onboard in their project but due to their stiff exchange listing fees not many projects are getting listed on their platform due to non-existent volume.

Looks like someone really wants to be the next Cryptopia:

Alert!  If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/  #Cryptopia #novaexchangev

You mean the next exchange that will get hacked

[Raja_MBZ]

The New Zealand Court has granted a 10 working day extension on the initial Cryptopia Ltd Liquidators report. It is now due on 4 June and will be available on the New Zealand Companies website when it is submitted

 

[figmentofmyass]

Yep, I just took a look at their home page and it definitely looks like shit an exit-scamming exchange would write.  I never used Cryptopia, but I do feel bad for everyone who had coins there.  Unbelievable.  It's stuff like this that makes me really nervous about depositing even small amounts of crypto on an exchange.  This last thing with Binance had me paranoid for about a week while they had deposits and withdrawals suspended.  Binance customers got lucky, I guess.  Cryptopia customers got screwed.

it's not just a matter of luck. this space has always been awash with shady, fly-by-night, and incompetent exchanges. doing some due diligence on where you deposit funds is paramount.

binance and cryptopia are worlds apart in front-end coding, back-end coding, wallet maintenance, support. the list goes on. before cryptopia got hacked, they were a step above yobit---not somewhere i would be depositing funds.

And they are already off the hook and free to do anything even launch a new exchange if they want to.

Are they?  This just happened, so isn't the outcome at this point at least a little uncertain?  I would assume that there are a lot of pissed off people who had coins on Cryptopia who might want to take some action, much like the Cryptsy situation (but I'm not even sure what the final outcome was of that one). 

i doubt they'll be held criminally liable for being hacked. people might try civil actions but they'll probably get stonewalled by the liquidation process. plus, it'll be like trying to get blood from a stone.

looks like the founder really is trying to launch another exchange: https://www.coindesk.com/collapsed-cryptopia-exchange-founder-wants-you-to-put-funds-in-his-new-project

[bradock]

lol read this guy post about this
https://bitcointalk.org/index.php?topic=5146541.0
https://cryptonomist.ch/en/2019/05/22/cryptopia-founder-exchange-assetylene/

[Raja_MBZ]

FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’

https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/

 

[gentlemand]

FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’

https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/

 

Article gone.

Another one here - https://steemit.com/palnet/@vcdragon/version-of-the-story-of-cryptopia-from-developer-him-self-how-it-start-and-end

The allegation is that a company named Intranel, who one of the original Cryptopia owners worked for, eased their way into running the exchange and they're the ones who did an inside job with the hack just as they were forced out.

Nothing to confirm who the writer is though.

[Raja_MBZ]

FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’

https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/

 

Article gone.

Yup:

[Raja_MBZ]

The link to a fresh update has just been posted by Cryptopia's official Twitter handle:

Update for Cryptopia account holders 20 August 2019

https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/

[Raja_MBZ]

After months of waiting, we now have another (sort-of-lame) update:

Update for Cryptopia account holders 25 October 2019

https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-October-2019/