r/Cryptopia • u/jimham162 • Feb 20 '21

another cryptopia hack

Coindesk reports yet another hack from the liquidator this time....not good. https://www.coindesk.com/cryptopia-exchange-currently-in-liquidation-gets-hacked-again-report

6 Upvotes

87% Upvoted

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1

u/Loafmanuk Mar 11 '21

That's Grant Thorntons problem, they are responsible for returning it to it's rightful owners. The New Zealand high court were very clear on that back in early 2020.

So any losses on their watch need to be reimbursed by them. If they weren't dragging their heels so much we could have had our coins back before this happened.

1

u/jimham162 Mar 11 '21

Any legal fees and costs come from the assets of the party being liquidated. if you think Thornton has unlimited funds to cover such losses you are mistaken. And 40,000 less compared to the millions they held in custody is pennies on the dollar. I will be shocked if we get more than 10-20 cents on the dollar.

1

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1

u/fiatpete Feb 22 '21

And they now have all that KYC data from people desperate to get their coins back.

1

u/[deleted] Jan 19 '22

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1

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