Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

News feeds from various cryptocurrency informational sources.

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gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Sun Jul 07, 2019 1:40 am

Miners, businesses, and privacy-conscious users rely on particular behavior from the full nodes they use, so they will often run their own full nodes and take special safety precautions.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Sun Jul 07, 2019 1:49 am

Please seek out assistance in the community if you need help setting up your full node correctly to handle high-value and privacy-sensitive tasks. Do your own diligence to ensure who you get help from is ethical, reputable and qualified to assist you.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Sun Jul 07, 2019 1:57 am

It’s possible and safe to run a full node to support the network and use its wallet to store your bitcoins, but you must take the same precautions you would when using any Bitcoin wallet. Please see the securing your wallet page for more information.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Sun Jul 07, 2019 2:00 am

Bitcoin Core full nodes have certain requirements. If you try running a node on weak hardware, it may work—but you’ll likely spend more time dealing with issues.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Sun Jul 07, 2019 2:18 am

2 gigabytes of memory (RAM)

A broadband Internet connection with upload speeds of at least 400 kilobits (50 kilobytes) per second
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Sun Jul 07, 2019 2:25 am

An unmetered connection, a connection with high upload limits, or a connection you regularly monitor to ensure it doesn’t exceed its upload limits. It’s common for full nodes on high-speed connections to use 200 gigabytes upload or more a month. Download usage is around 20 gigabytes a month, plus around an additional 195 gigabytes the first time you start your node.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Sun Jul 07, 2019 3:38 am

Note: many operating systems today (Windows, Mac, and Linux) enter a low-power mode after the screensaver activates, slowing or halting network traffic. This is often the default setting on laptops and on all Mac OS X laptops and desktops. Check your screensaver settings and disable automatic “sleep” or “suspend” options to ensure you support the network whenever your computer is running.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Sun Jul 07, 2019 3:49 am

Anti-virus: Several people have placed parts of known computer viruses in the Bitcoin block chain. This block chain data can’t infect your computer, but some anti-virus programs quarantine the data anyway, making it more difficult to run Bitcoin Core. This problem mostly affects computers running Windows.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Sun Jul 07, 2019 3:52 am

Attack target: Bitcoin Core powers the Bitcoin peer-to-peer network, so people who want to disrupt the network may attack Bitcoin Core users in ways that will affect other things you do with your computer, such as an attack that limits your available download bandwidth.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
wonai
Active User
Posts: 122
Joined: Thu May 23, 2019 5:48 am

Sun Jul 07, 2019 6:02 am

In the “Linux (tgz)” section of the Download page, choose the appropriate file for your Linux install (either 32-bit or 64-bit) and download the file. If necessary, move the file to the computer you want to use to run Bitcoin Core.
News wrote:
Wed May 15, 2019 9:37 am
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.

Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms.

In mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with the attack continuing for two weeks after its initial detection until the exchange managed to regain control of its wallets.

According to Grant Thornton NZ, Cryptopia has decided to go into liquidation as it has been unable to return the business to profitability, notwithstanding management’s reported efforts to reduce costs. The decision has been deemed to be in “the best interests of customers, staff and other stakeholders,” the announcement states.

The liquidators will reportedly conduct an investigation and focus on securing assets for the benefit of stakeholders, during which all trading services on the platform will be suspended. In a statement, David Ruscoe outlined:
“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.”
Ruscoe added that given the complexities of the case, Grant Thornton NZ expects the investigation “to take months rather than weeks.” The liquidators are said to be working alongside independent experts and the relevant authorities to determine the company’s obligations.

Grant Thornton NZ will publish an initial report to the New Zealand Companies Office website next week.

As reported in January, Cryptopia had initially told users that it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.

An analysis from blockchain infrastructure firm Elementus estimated in February that as much as $16 million worth of ethereum (ETH) and ERC-20 tokens were siphoned from the platform during the attack — $3.2 million of which were later traced in liquidations on exchanges such as Etherdelta, Binance and Bitbox.

Earlier this month, major crypto exchange Binance was the target of a major hack that resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth over $40 million at the time.
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