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Since then, the investors have been in a state of limbo and the assets have remained frozen for a couple of years. It was the company’s job to secure the assets on behalf of all the stakeholders and confirm the amount that the company owed to each one of its customers. Wallet Address Collection will be launched for those qualifying and registered Bitcoin and Dogecoin holders in the coming weeks. Following this collection, we intend to make an interim distribution to those qualifying and registered Bitcoin and Dogecoin holders within the next quarter.

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Just like Binance or Coinbase, Cryptopia used to be a cryptocurrency exchange platform. The project initially started off as a hobby, but by 2017, the duo quit their jobs to run the platform full-time, probably thanks to the soaring Bitcoin (BTC) cryptopia withdrawal time prices at the time. On the contrary, the technology has been rock solid in keeping an immutable ledger by recording every single transaction ever made. However, especially at the early stages of the crypto hype, the pitfalls of blockchain technology weren’t discovered yet, and measures against cybercrime weren’t regularly implemented.

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.

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.

1. NEM’s proprietary coin is XEM, which is harvested (mined) using a Proof-of-Importance (PoI) algorithm.This community is for discussions regarding the blockchain platform.
2. Cryptopia’s terms and conditions record that account holders may not assign their rights or obligations.
3. This support 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.

About the Cryptopia Exchange

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.

You need to sign up to the claims portal below if you haven’t already and you’ll receive email updates from their team. As previously communicated to account holders, those having trouble with the Claims Portal, need to raise a ticket through the Cryptopia Customer Support Portal . This support 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. Last week the Liquidators released the eleventh statutory report in the liquidation of Cryptopia. We encourage all account holders to read this report that provides an update on the overall claims process which is summarised below. Aside from the obvious risks of cryptocurrency trading, such as the high volatility in Bitcoin and altcoin prices, there are other risks you need to be aware of when keeping your assets on the blockchain.

Cryptopia Withdrawal Issues megathread

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.

If you are unsure whether a communication is an official communication from us, please raise a helpdesk ticket in Zendesk. Cryptopia is an independent city-state society based on the blockchain, where citizens can buy, sell, vote, and perform other essential activities using a safe, secure, and transparent system. Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities. While we strive for accuracy, the content on our Website, including articles, reviews, and opinions, is for informational purposes and may not always be up-to-date or error-free.