Re: Cryptopia Cryptocurrency Platform Services and Development
This is what one of my friend in Christchurch has written on the FB group we co-admin.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
We are both in NZ, in Christchurch (headquarter of Cryptopia).
He does have connections with many crypto enthusiasts in NZ and I totally believe him when he told me that this was an accurate statement from a former employee of cryptopia.
He identity of the whistleblower will not be revealed, no need to ask.
Quote
Today marks the 1 Year Anniversary of the Cryptopia Hack that is one of the biggest Heists in New Zealand History.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/ /cryptopia-breach-highlights-gaps-
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/ /cryptopia-boss-blames-former-shar
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
There is alot more to this story that is yet to be investigated. An ex employee has approached me anonymously and asked me to post this summary of what is happening or more to the point NOT happening with the investigation.
Makes for some very interesting reading. NZ Police seem to be out of their depth on this one.
____________________________________________________________________
Today marks the one year anniversary of Cryptopia Exchange being hacked. Not a cool anniversary to celebrate, but definitely a reason to take a moment to reflect on the progress the NZ Police have made over this time....
Approximately $25 million dollars was stolen in an "alleged" hack from the exchange.
The Managers of Cryptopia at the time alerted NZ police who immediately took control of the Cryptopia offices with the permission of those Managers, and then refused to allow Cryptopia staff in (aside from those Managers). This allowed the hackers to continue to drain hot wallets with nobody qualified on the inside to stop this.
https://www.stuff.co.nz/ /cryptopia-breach-highlights-gaps-
Once allowed back into the offices, Cryptopia begun their own investigation and found a wealth of information to aid the NZ Police in finding the hackers. This included;
- proof the hack originated in Christchurch
- Employees who were logged by security cameras and door access to have been in the office shortly before the hack begun, who had no business being in the office at that time and have never been questioned about why. (nb - said employees quickly left the company and are openly anti-cryptopia)
- the employee whose computer was used to access the hack.
(nb - not necessarily saying this employee was responsible, just that it was their log in and user details used in the hack, they have some serious questions to answer about who had access to their laptop considering they were close friends with ex-staff who are openly anti-cryptopia)
After providing the NZ Police this information, Cryptopia expected some possible arrests or at the very least, extensive questioning to happen imminently. Then the Mosque shootings happened. The NZ Police announced they were putting the Cryptopia investigation on hold. Totally fair enough! That was some serious shit in our little city. Except once that investigation seemed somewhat over, the NZ Police admitted that they still hadn't even looked at the evidence they had been given.
Returning after the hack, one of the founders uncovered evidence of embezzlement from a shareholder who had been running the company with the very same managers mentioned above who "discovered" the "alleged" hack, since at least January 2018. He has been very open about this, going to the NZ Police, the Serious Fraud Office, Grant Thorton and then the Media. Still nobody seems to care.
https://www.stuff.co.nz/ /cryptopia-boss-blames-former-shar
So when are the NZ Police going to look at their evidence? THIS IS THE BIGGEST HEIST IN NEW ZEALAND HISTORY. It would seem if you want to get rich illegally, all you have to do is commit a White-collar crime, because nobody seems to care if you do that! Please note, I say "alleged" because I am a believer that based on the evidence this was an inside job. As an ex-employee of Cryptopia, some would say I am bias to this story or that story, so please note, I am not posting to promote conspiracy theories etc, just that I totally advocate for the police, the SFO, the IRD, the Liquidators, and ANYONE who has the power, to look at the evidence. That is the only way the truth is going to come out, conspiracy or not.
this conversation might be a good look back in time hehe
What did I say from the beginning? HAIRCUT. H A I R C U T. The "funny" thing is, my mgo tokens (affected) have not been cut, the BTC (theorically not affected) were cut.
A lot of wallets are still offline, don't rejoice too soon.FFS Cryptopia are not running away they're facing the problem and solving it pretty damn well so far.
What's the practical difference between running away and not running away and announcing your coins are stolen, tough luck, we've taken what was yours.As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?
The percentage means the amount stolen or missing. All of your holdings in an affected coin have been reduced with that percent. For ETH, any ETH you had (100%) was removed from your account by Cryptopia.It's a mystery how they had calculated that low amount, but obviously it's not right. Probably they converted all coins in NZD equivalent. Which is purely theorethical, as you can't practically sell that amount and not influence price. And not taking into account price movement in 2 months. ETH and LTC have increased in fiat 20% and 100%, respectively.
They didn't take what was yours, Users simply assumed only ETH/ERC20 was affected. So far (as other coins are still 'Offline' and haven't been checked yet) BTC and LTC were also affected along with ETH, with possibly other coins as they progress through the wallets.
Even folks accusing me of not losing anything, happy to post a screenshot of exactly what I lost just to shut you up.
Nice to see the Bitcointalk FUD engine back up and running away with crazy theories. Stay classy, folks. What a mess this forum has become.
so the detective/police thingy was just a show..if lost coins are just being discovered and about to be discovered.
NZ police can't do shit, it was/is a home court advantage for these crooks, they know it, the path to these investigations are already laid in front of them and it is a dead end
...I wouldn't be surprised if the hacker was not caught or the funds not retrieved hehecryptsy big vern have to exit scam because he need it all..how much is BTC back then? 300$ more or less hehe...today you just have to buy low or sell high self-hack scam
The serial FUDers coming out in force again, this is why no one takes this forum seriously.
yup specially after the so called "police lock down" was ended and cryptopia team are now able to access the facilities, doing their "securing of wallets" and coins missing are piling up hehe