Ex-Cryptopia Employee Admits to Stealing $170K Worth Of Crypto
An ex-employee of the now-defunct crypto exchange Cryptopia has admitted in court to stealing crypto worth about $170,000. The employee pled guilty to stealing coins and customer data while he worked at Cryptopia when the company was still up and running. A name suppression by the Christchurch district court of New Zealand keeps the employee […]
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The theft was first discovered in September and was not yet connected to the crypto exchange going into liquidation the previous year. A former employee of the now-defunct cryptocurrency exchange Cryptopia has pleaded guilty to the theft of roughly $172,000 in cryptocurrency he obtained by making a copy of users’ private keys.According to a Monday report from New Zealand news outlet Stuff, the unnamed Cryptopia employee pleaded guilty in Christchurch District Court to the theft of more than $1,000 and theft “by a person in a special relationship” — referring to cases when a person takes....
The world-class trading platform, Bitcoin.com Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers. Bitcoin.com’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue redistribution plan. Back in January 2019, the New Zealand cryptocurrency trading platform Cryptopia Exchange suffered a major breach and it affected 2.3 million account holders from all around the world. Estimates note that roughly $860 million worth of cryptocurrency was held on the exchange....
Blockchain gaming is a powerful and prominent global trend. The concept introduces many opportunities and potential benefits, but only if the Metaverse-oriented focus comes to fruition. Cryptopia is a city-state taking decentralization to its full potential while introducing play-to-earn mechanics and user empowerment. What Makes Cryptopia Different? There are hundreds of play-to-earn games providing access […]
A claims process for Cryptopia creditors has started following a 2019 hack. The liquidator of now-defunct cryptocurrency exchange Cryptopia has launched the claims process to reimburse creditors following a 2019 hack.Professional services firm Grant Thornton, Cryptopia’s assigned liquidator, officially announced on Dec. 9 that creditors can now start the claims process on the Cryptopia claims portal.The claims process requires creditors to register on the Cryptopia claims portal and confirm details regarding their Cryptopia account. “Only verified account holders can register in the claims....
Seoul Metropolitan Police Agency launched an investigation against an employee from Terraform Labs, who is allegedly involved in the embezzlement of corporate funds in Bitcoin from the company in May. South Korean police stood by its findings that the employee’s unlawful act was purely personal and did not involve Terraform Labs Founder Do Kwon. Following […]