For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure. To maintain our free content and further support our work, we receive compensation from some companies cryptopia withdrawal time advertising on Crypto Head. The company has stated that they are expecting to file applications on the redistribution of funds starting from the first half of 2022. After further investigations, Cryptopia announced that 9.4% of the assets stored on its servers were stolen. This number was equal to 23 million NZD or 16 million USD at the time and was considered to be the biggest scam ever pulled in New Zealand.
We understand third parties have contacted account holders offering to purchase their Cryptopia entitlements in exchange for an obscure digital currency. This agreement requires the assignment or transfer of account holders Cryptopia owed holdings to that third party. In order to be eligible to receive your assets back in the asset transfer stage, which hasn’t started yet, what you need to do is to fill in the claim acceptance form through the claims portal. If you are unsure whether a communication is an official communication from us, please raise a helpdesk ticket in Zendesk at the above link. This Zendesk portal is separate from the claims portal and can be accessed by any account holder, provided they register and click the “Sign Up” button on the page. We issued proceedings against these third parties to prevent them from continuing to mislead or confuse account holders.
What’s Cryptopia’s Legal Status?
Personally, i have a decred withdrawel stuck on the processing status for around a week now. Our Content on the Website is Our own opinion and does not constitute financial or investment advice in any way whatsoever. Nothing published on the Website constitutes an investment recommendation, and You should not rely on any data or Content published by Us for any financial or investment activities. Any claims, statistics, or general information should be verified with the respective providers.
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- Account holders should be cautious about providing their Cryptopia account information to third parties.
- Plus, the holders will be paid in the cryptocurrency they had in their accounts, rather than in fiat currency.
- So, if you are one of the victims of the Cryptopia hack, we strongly recommend you join the claim registration process.
Account holders should be cautious about providing their Cryptopia account information to third parties. The claims portal has been designed to verify each account holder’s account ownership and identity, and it is very important this sensitive process is protected. The official methods of communication from the liquidators to Cryptopia account holders are outlined at the end of this update. These third parties might use the name “Cryptopia” in their email address, subject line, or in headings of their communications to account holders.
Claims process update
This isn’t because blockchain technology is inherently risky or vulnerable to fraud or scams. Cryptopia was one of the most popular crypto exchanges back in the day before it faced a massive security breach in 2019. The platform was hacked, and a considerable amount of digital assets was stolen from the wallets of the platform users. The case of Cryptopia liquidation has been going on for a couple of years now and in this article, we will look at how you can get back your lost assets from the platform and learn what happened to the exchange. With the announcement of distribution plans the Liquidators expect to see an increase in bad actors trying to interfere in the Cryptopia claims process.
In response the New Zealand Courts has granted injunctions prohibiting these parties from continuing to represent themselves using Cryptopia’s name. We also believe that these third parties communications maybe based on the continued misuse of confidential information released by the High Court in 2020. If you are one of the victims, we offer our condolences and advise you to keep yourself posted on the latest updates regarding the liquidation of the platform.
Currently, the process is still in the claim registration stage, as the liquidator company says they need to collect more claims to proceed forward. So, if you are one of the victims of the Cryptopia hack, we strongly recommend you join the claim registration process. The platform suffered a security breach on January 14, 2019, causing significant losses to users from over 183 countries around the globe.
