Post
Topic
Board Service Announcements
Re: Cryptopia Cryptocurrency Platform Services and Development
by
FactCexx
on 01/04/2019, 08:19:13 UTC
From this posting linked above: https://cointhoughts.co/exchange-dividend-token-hit-all-time-low-one-week-before-alleged-3-5-million-hack/

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Trading volume on the exchange's CEFS markets, Cryptopia's tokenized shareholder asset, inexplicably increased significantly in the days leading up to the theft, yet there had been no meaningful announcement, news, or rumor related to Cryptopia or its operations. The trading action was led by steady sell pressure and pushed the market price of CEFS to a record low of 0.0503 BTC and a USD all-time low of $178.62. The token is down over 50% since Dec 24, 2018, just three weeks ago.

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Such unprecedented sell-off of CEFS just before the theft of several million dollars in tokens is not a coincidence, I assure you; it indicates the crime was an inside job involving at least one major shareholder. Obviously the thief was blind with greed, aiming to dump the shares before nabbing $13 million, leaving behind loads of evidence likely to lead investigators right to him.

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The latest news from Cryptopia confirms they, too, see strong evidence of an insider operation – law enforcement and government agencies were quietly notified and promptly stormed the company's offices and declared the facility locked-down while staff were interviewed. Management clearly believed the thief was still there, and I'll wager they have a good idea who was involved based on the sloppy, amateur execution and the blatant trading activity taking place beforehand.

Interesting speculation, but what if they were ALL in on the inside job and this is just a pretense? What if they are covering for long-ago stolen or lost or misused funds? Because if the funds were missing not now but sometime ago, you can't post a TX, right?

They claim so far BTC, ETH and LTC are stolen. We may know the TX for ETH from elementus, there was some indication about LTC, but it was all moved, not 43% and we know nothing about BTC moving.