Cryptocurrency theft in the millions, in Christchurch

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Forums › Finance and wealth management › Cryptocurrency theft in the millions, in Christchurch

Batman

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#245632 14-Feb-2019 10:06

Apparently a cryptocurrency trader in Chch got hacked, got locked out, and money was drained from them over a few days while the owners and trader could do nothing. (that's how I read it)

https://www.stuff.co.nz/technology/110440396/cryptopia-breach-highlights-gaps-in-cybersecurity-and-cryptocurrency-regulation-experts-say

jpoc

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#2178306 14-Feb-2019 15:17

This has been covered in the Cryptocurrency forum.

Batman

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#2178311 14-Feb-2019 15:32

Oops sorry please close

Talkiet

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#2178313 14-Feb-2019 15:41

jpoc:

This has been covered in the Cryptocurrency forum.

The SECRET Cryptocurrency forum :-)

Please note all comments are from my own brain and don't necessarily represent the position or opinions of my employer, previous employers, colleagues, friends or pets.

solutionz

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#2178354 14-Feb-2019 17:15

Talkiet:

jpoc:

This has been covered in the Cryptocurrency forum.

The SECRET Cryptocurrency forum :-)

N

...which was setup because some members are so salty about missing the crypto bus they feel the need to troll every crypto thread.

lucky015

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#2178356 14-Feb-2019 17:19

solutionz:

Talkiet:

jpoc:

This has been covered in the Cryptocurrency forum.

The SECRET Cryptocurrency forum :-)

N

...which was setup because some members are so salty about missing the crypto bus they feel the need to troll every crypto thread.

The bus crashed, we don't feel so bad now.

Talkiet

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#2178363 14-Feb-2019 17:27

solutionz:

Talkiet:

jpoc:

This has been covered in the Cryptocurrency forum.

The SECRET Cryptocurrency forum :-)

N

...which was setup because some members are so salty about missing the crypto bus they feel the need to troll every crypto thread.

Hahhahahahahahaha. Not all those posts of mine are negative... But I will say I was right :-)

Cheers - N

Please note all comments are from my own brain and don't necessarily represent the position or opinions of my employer, previous employers, colleagues, friends or pets.

solutionz

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#2178400 14-Feb-2019 17:34

Talkiet:

Hahhahahahahahaha. Not all those posts of mine are negative... But I will say I was right :-)

Cheers - N

Sure because had you thrown $65 bucks at it then it'd now only be worth about NZ$55k

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Talkiet

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#2178401 14-Feb-2019 17:38

LOL. and if I had bought Apple shares at their bottom I'd be rich too. It doesn't worry me in the slightest...

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freitasm

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#2238376 15-May-2019 14:02

And here we go:

Cryptopia Limited appoints Grant Thornton as liquidators

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.

In my opinion anyone leaving money on a third party site deserves what's coming.