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Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Wed May 15, 2019 9:37 am
by News
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Mon Jun 10, 2019 9:31 pm
by alayemi
These services particularly target institutional investors like investment funds and hedge funds. They also store the digital assets for the investors at safe storage areas.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Mon Jun 10, 2019 9:38 pm
by alayemi
As a result of the supposedly inbuilt dangers associated with cryptocurrencies, there has been no solid regulation regarding insured custodians for cryptocurrencies. This has been the case until lately.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Tue Jun 11, 2019 12:32 pm
by labie
The apex national bank took the step of warning the general public from using, buying or selling digital currencies. This announcement was published in the Vientiane Times recently.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Wed Jun 19, 2019 7:37 pm
by wonai
If you will believe Filb Filb, Alex Kruger and others, the tweet is pointing to something stimulating. It is pointing to the likelihood that the company is going to release its margin trading soonest. This is an innovative graphic user interface and other packages that its subscribers have been eagerly expecting.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Wed Jun 19, 2019 9:14 pm
by wonai
At this point, it becomes imperative to take a deeper look at the expectations for margin trading, which implies that the subscribers can make the best of their transactions.
alayemi wrote:
Mon Jun 10, 2019 9:38 pm
As a result of the supposedly inbuilt dangers associated with cryptocurrencies, there has been no solid regulation regarding insured custodians for cryptocurrencies. This has been the case until lately.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Sun Jun 30, 2019 9:14 pm
by gurumaster
There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Mon Jul 01, 2019 6:47 pm
by alayemi
All transactions are broadcast to the network and usually begin to be confirmed within 10-20 minutes, through a process called mining.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Mon Jul 01, 2019 11:46 pm
by labie
The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets.
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.

Re: Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Posted: Tue Jul 02, 2019 12:32 am
by labie
This means you should take care to do business with people and organizations you know and trust, or who have an established reputation.
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.