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All About Cryptopia Hack And What Should Be Our Plan of Action

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Cryptopia Petition: Uncompromising and Professional Fight to Get “Our Coins Back”

We, the clients of the now-defunct Christchurch-headquartered cryptocurrency exchange Cryptopia should get together in an attempt to get back our digital coins, or else we will be on the losing end of the exchange’s liquidation process.

As investors in the cryptocurrency space prone with cyber hacks, market manipulation, fraudulent scams, dishonesty, etc., we entrusted our wealth with the Cryptopia exchange with the hope that they would safeguard it with the utmost respect and transparency.

Our argument is that Cryptopia has taken us for a ride, they haven’t been transparent with us, and they just decided to close shop after they had promised us that everything was going well.

Timeline of the hack

The tale began on Jan. 24, 2019 when the exchange went offline and informed users via its Twitter account that it was “experiencing unscheduled maintenance.” After a downtime of nearly 18 hours, the exchange came clean to the public and announced that a hack had taken place resulting in significant losses.

The exchange lost $16 million in ETH and ERC-20 tokens that include Dentacoin, Oyster Pearl, Lisk ML, Centrality, Mothership, Mothership, Ormeus, DAPS, Zap, Pillar, and others.

The loophole of the hack was not immediately identified by a research report firm suggested that the hackers drained tokens from more than 76,000 tokens. The exchange suspended its service and the authorities stepped.

Two weeks later, on Jan. 28, while investigations are still going on, the thieves struck again and stole a further $180,000 in digital assets.

The New Zealand police confirmed on Feb. 7 that the investigation was going and by Feb. 13, the exchange was given the green light to resume its business whenever. Cryptopia announced on Feb. 28 that the exchange would open on March 4 but in read-only mode. However, it finally reopened on March 5, in read-only mode, meaning that users would only see their balance and how much they had been affected by the hack.

Cryptopia dropped a bombshell on May 15 when it announced that it had already appointed Grant Thornton to oversee a liquidation. This came as a shock and surprise because just hours before that, the exchange had urged its customers/users not to panic as it was in maintenance mode. 

The exchange was not truthful to us because it had already set the liquidation process in motion without consulting with its clients, or at the very least, preparing them for such an outcome.

⇓ Download PDF: Cryptopia Hack Guide – Who Should We Contact?


We can only fight back

The exchange has proven several times through lack of transparency that it does not value the interests of its clients – the biggest victims of the hack. As clients, we should not take this lying down and let the exchange trample us by closing down without giving back our wealth.

Those digital assets belong to us and if the exchange wants to close down, it has the right to do, but it should give back what belongs to us – to the last cent, penny, or satoshi.

It is unfair that our assets are liquidated so that the firm can meet its obligations. As victims of the hack and Cryptopia’s lack of transparency, let’s come together to demand that we get our tokens back. This is not the first high profile case of hacking. Perfect examples include Mt. Gox and Coincheck all based in Japan. They collectively lost nearly $1 billion but they have made efforts to repay the affected clients. Mt. Gox’s case is complicated, to say the least.

Cryptopia should do the right thing and return our tokens. It has misled us for a long time while it was preparing for this.

How do we go about this? Any method that sends the word out there. Let’s make the #cryptopiahack trend, send emails to radio and stations, use any social media platform at your disposal, reach out to the top journalists and publications in New Zealand and beyond, etc. There is no right way of doing this. The only way is to spread the word against Cryptopia stance.


Update: GetBackOnFeet team filled a petition with the New Zealand Parliament on 05/19/2019 which unfortunately got rejected. They want the liquidation process to be complete first before approaching them again. This, however, gives us some hope. It shows that the Parliament is aware of the situation. We will knock on the Parliament’s door again once Grant Thornton NZ  finalizes the liquidation process.

See the screenshot of the email below:

Response from New Zealand's Parliament regarding Cryptopia Exchange hack.

Keep a lookout over here as we will update this as and when any further communication regarding this is received. 

It is time to unite now and collectively make an effort so that our voice can be heard. We have assembled this information, which includes Twitter handles, email addresses and other contact information of several politicians, newspapers, radio stations, journalists and editors from various sources and listed them below.

Start sharing this with all those who are affected by Cryptopia hack.

Information about Cryptopia Company

Company number: 5392901

New Zealand Business Number: 9429041327791

Incorporation date: 29th July 2014

Entity Type: Limited Company

Email: rob.dawson@cryptopia.co.nz ,  liquidation@cryptopia.co.nz

Phone number: +64 27 5841001

Current Status: In Liquidation from 14th May 2019

Registered Office: 410 Colombo Street, Sydenham, Christchurch, 8023, New Zealand.

However, on 23 May 2019, this will change to:

Level 15, Grant Thornton House, 215 Lambton Quay, Wellington, 6143, New Zealand

 

Director’s names and address:

1. Adam James Clark
      Address: 6 Dennitt Street, New Brighton, Christchurch, 8083, New Zealand
      Click here to view the Consent and Certificate of Director

2. Robert Peter John Dawson
      Address: 88 Mustang Avenue, Wigram, Christchurch, 8042, New Zealand
      Click here to view the Consent and Certificate of Director

 

About Liquidators – Grant Thornton

1. Russell Moore (National Managing Partner of Grant Thornton NZ)
          Email: moore@nz.gt.com
          LinkedIn: https://www.linkedin.com/in/russellmoorenz/
          Phone number: +64 9 922 1237

2. David Ruscoe (Partner, Financial Advisory Services)
          Email: ruscoe@nz.gt.com
          Phone number: +64 4 495 3763

Press Release: Liquidation of Cryptopia Limited

FAQs: Cryptopia Liquidation

 

Contact details of New Zealand’s Government Officials

1. Jacinda Ardern (Prime Minter of New Zealand)
          Twitter: @jacindaardern

2. Winston Peters (Deputy Prime Minister of New Zealand)
          Twitter: @winstonpeters

3. Trevor Mallard (Speaker of NZ Parliament)
          Twitter: @SpeakerTrevor
          Email: mallard@parliament.govt.nz

4. Kelvin Davis (Associate Minister of Education)
          Twitter: @NgatiBird
          Email: davis@parliament.govt.nz

5. Grant Robertson (Minister of Finance and Sport)
          Twitter: @grantrobertson1
          Email: robertson@parliament.govt.nz

6. Dr. Megan Woods (Minister of Energy and Resources)
         Twitter: @Megan_Wood
         Email: woodsmp@parliament.govt.nz

7. David Parker (Attorney-General and Minister for Economic Development)
          Email: parker@parliament.govt.nz

8. Stuart Nash (Minister of Police, Fisheries, Revenue and Small Business)
          Twitter: @Stuart_NashMP
          Email: nashmp@parliament.govt.nz

9. Kris Faafoi (Minister of Civil Defence, Broadcasting, Communications & Digital Media)
          Twitter: @KrisinMana
          Email: faafoi@parliament.govt.nz

10. Peeni Henare (Associate Minister for Social Development)
          Twitter: @PeeniHenare
          Email: henare@parliament.govt.nz

11. Michael Wood (Chair of the Finance)
          Twitter: @michaelwoodnz
          Email: wood@parliament.govt.nz

12. Willie Jackson (Minister of Employment)
          Twitter: @WillieJLabour
          Email: jackson@parliament.govt.nz

13. Andrew Little (Minister of Justice, for Courts, and Treaty of Waitangi Negotiations)
          Twitter: @AndrewLittleMP
          Email: taranaki@parliament.govt.nz

 14. New Zealand Parliament
          Twitter: @NZParliament
          Website: https://www.parliament.nz/en/
          Facebook: https://www.facebook.com/NZParliament/ 
          Instagram: https://www.instagram.com/nzparliament/

15. New Zealand Labour Party
          Twitter: @nzlabour
          Website: https://www.labour.org.nz/

  

Contact details of New Zealand’s leading newspapers

1. NZ Herald
          Twitter: @nzherald
          Website: https://www.nzherald.co.nz/
          Write to the Editor: https://nzherald.custhelp.com/app/ask/c/75,82
          Contact NZ Herald: https://nzherald.custhelp.com/app/ask/c/75,84

2. The Press Newsroom
          Twitter: @PressNewsroom
          Website: https://www.stuff.co.nz/the-press/
          Write to the Editor: letters@press.co.nz

3. The Dominion Post
          Twitter: @DomPost
          Website: https://www.stuff.co.nz/dominion-post
          Email: web@dompost.co.nz

4. National Business Review
          Twitter: @TheNBR
          Website: https://www.nbr.co.nz/
          Write to the Editor: editor@nbr.co.nz, fiona@nbr.co.nz

5. Otago Daily Times
          Twitter: @odtnews
          Website: https://www.odt.co.nz/
          Email: newstips@alliedpress.co.nz
          Write to the Editor: editor@odt.co.nz
          Submit your story here: https://www.odt.co.nz/contribute

6. Scoop Independent News
          Email: Joe Cederwall – Co-Editor: joe@scoop.co.nz
          Email: Ian Llewellyn – Co-Editor: ian@scoop.co.nz
          Email: Gordon Campbell – Political Editor: gordon@scoop.co.nz
          Email: Lyndon Hood – News Editor: lyndon@scoop.co.nz

 

New Zealand’s Famous Journalists, Reporters and Editors

1. Simon Dallow

After completing his legal studies, Simon practiced as a litigation and insurance lawyer in Auckland. Simon has been employed by TVNZ as a presenter for 1 NEWS and has anchored programs right across TVNZ’s news and current affairs stable.
          Twitter: @simon_dallow
          Email: simon@nbr.co.nz

2. Grant Walker

Started his broadcasting career in 1978 and, since then, has been in a variety of roles both in radio as a breakfast host and newsreader.
          LinkedIn: https://nz.linkedin.com/in/grant-walker-4b18141b
          Email: gwalker@nbr.co.nz

3. Calida Stuart-Menteath

Calida holds arts and law degrees from the University of Otago, and a journalism post-grad diploma from AUT University.
          Twitter: @Calida_SM
          LinkedIn: https://nz.linkedin.com/in/calida-stuart-menteath-a8144242

4. Asa Anderson

Has a Bachelor of Communications Degree, majoring in journalism, and a Postgraduate Diploma in Journalism, at Massey University.  He writes for National Business Review.
          Email: asa@nbr.co.nz

5. Mark Revington

Mark Revington is an award-winning journalist and former editor who now works as a freelance writer.
          Twitter: @markrevington
          Email: markrevington@live.com

6. Dane Ambler

Dane graduated from Otago University with degrees in film and media, communication and environmental studies. He spent five years working with startups and non-profits in China and Thailand. Dane is passionate about sustainable technologies and startups.
          Twitter: @DaneAmbler
          LinkedIn: https://nz.linkedin.com/in/dane-ambler-26b972b8

7. Guyon Espiner

Espiner attended the University of Canterbury and spent ten years as a newspaper journalist before joining TVNZ in 2003. He was appointed to the position of political editor in 2006 and writes a political column in North & South magazine.
          Twitter: @GuyonEspiner

8. Gareth Vaughan

Gareth Vaughan is the managing editor of http://www.interest.co.nz. His editorial focus is on banking and finance.
          Email: gareth.vaughan@interest.co.nz
          Phone: +64 21 813-005 , +64 9 361-6881 

 

Twitter accounts of New Zealand’s TV channels

⇒ New Zealand TV: @thetvnews
⇒ 1 News: @1NewsNZ
⇒ RNZ News: @rnz_news
Queenstown NZ: @PureQueenstown
NIWA: @niwa_nz
MediaWorks NZ: @MediaWorksNZ

 

Contact details of New Zealand’s Radio Stations

1. Newstalk ZB

Newstalk ZB is a nationwide New Zealand talk radio network. It is available in almost every city of New Zealand.
          Twitter: @NewstalkZB
          Website: http://www.newstalkzb.co.nz/
          Contact Us page: https://www.newstalkzb.co.nz/contact/contact-us-form/

2. RNZ International

It broadcasts a variety of news, current affairs, and sports programs in English and news in seven Pacific languages.
          Twitter: @RNZPacific
          Website: https://www.radionz.co.nz/international
          Phone: (04) 474 1999

 

Sign this Change.org Petition

http://chng.it/B9nQ8bDYm5

Write to New Zealand’s Police

          Twitter: @nzpolice
          Email: crypto@police.govt.nz

 



 

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