Cryptopia exchange has reported a security breach and incurring significant losses, sparking the speculation of this being an exit scam as just a day before more than 19k ETH and 48 million CENNZ has been moved to unknown wallet.
Justice Gendall of the High Court of New Zealand delivered two significant judgements in his 74-page legal document. However, we will continue to provide updates via the The liquidators for Christchurch-based crypto exchange, Cryptopia released their first report into the company’s affairs today. Since the crash of 2018, the altcoins at the top of the pack have...Cryptopia exchange dropped an update on its Twitter account today.

Cryptopia exchange dropped an update on its Twitter account today. At this stage of the investigation the liquidators cannot estimate a date for when the liquidation will be completed. Because we lack knowledge of the future, we look into the past to gain knowledge of what lies ahead. Don’t expect people to read your lengthy report everytime, your report needs to come in with more of highlighted decisions and next actions.However, the overall response to the latest news was upbeat. But even as unemployment rises and fiat continues to debase, there are plenty of reasons to be bullish on Bitcoin...Follow Bitcoinist on social media to keep up-to-date with the latest news!We use cookies to give you the best online experience. Over time, and by monitoring the top traders’ strategies, eToro clients can build up their trading experience and confidence.
After a long and bumpy road to get here, it seems that Cryptopia victims may be in luck at last. Without this information, reconciling individual holdings with the currencies held by Cryptopia will be impossible.Our objective is to protect and to preserve those holdings for the benefit of those entitled to them. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company. There will be no further comment from the liquidators at this stage.On Friday 24 May 2019, we filed a petition in the Bankruptcy Court in the Southern District of New York (SDNY) seeking recognition of the New Zealand liquidation in the USA, and we also applied for urgent interim relief. “As liquidators we have a responsibility to protect and preserve crypto-asset holdings for the benefit of those entitled to them,” says Mr Moore. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. Bitcoin has been facing unusually strong selling pressure throughout the past few hours, which appears to be coming from multiple large mining pools This caused the price of BTC to...After facing some slight turbulence yesterday, Bitcoin incurred a massive rush of selling pressure today that sent its price reeling down to lows of $10,700 This movement came about in...Bitcoin has crashed over 10%, Ethereum over 15%, and the total cryptocurrency market cap has lost over $37 billion in value over the last 48 hours alone. The announcement was just posted on the exchange’s official twitter page, outlining that the losses have been significant.

We would like to show you a description here but the site won’t allow us. By agreeing you accept the use of cookies in accordance with our cookie policy. In preparation for this directions hearing, we have uploaded all current affidavits and submissions related to these proceedings. Yesterday 14th January 2019, the Cryptopia Exchange suffered a security breach which resulted in significant losses. While we are working as fast as we can to resolve the situation as we do not have answers to many customer questions at this stage.Given the volume of correspondence we regularly receive, we cannot reply to individual correspondence. Cryptopia is registered in New Zealand under the name Cryptopia Limited. For the first time in a long time, it looks as if legitimate users are closer to recovering their funds–the only question that remains now is when. The Court orders in regards to this can be found at the link below:These should be read in conjunction with the following documents;We appreciate that Cryptopia customers want to know where the process is at and what it means for them and understand the concern they feel.

In an opinion piece for the mainstream news outlet, the writer points out that, “by throwing trillions of dollars...The wider economic outlook is extremely uncertain right now. The Liquidators have asked the Court to appoint two Queen’s Counsel for these proceedings.The Court has approved the Queen’s Counsel appointment. To read the full judgement We understand that Cryptopia stakeholders are keen to hear what progress has been made on the liquidation process since appointment. Cryptocurrencies are “property” and despite the fact that the assets were held in co-mingled wallets, they are officially owned by the account holders and not the company itself. Because this ruling means that the hacked exchanges liquidators can start the process of returning users funds without having to perform a Cryptopia’s liquidators have had a tough job since they took on the task last year. For updates and exclusive offers enter your email below. New Zealand-based cryptocurrency exchange Cryptopia took to Twitter to announce However, we will continue to provide updates via the Cryptopia website, Twitter and Facebook pages. Fading Exchange Making an Exit Scam? Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources.


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