Liquidators of hacked New Zealand cryptocurrency exchange Cryptopia have recovered almost $11 million in the past six months, but say the process remains difficult. In its second report into its operations at Cryptopia, Grant Thornton confirmed that receipts from May to November totaled around 10.9 million New Zealand dollars ($7.18 million). Funds trickle back from oblivion Expenses, including payments to certain preferential creditors, came to NZ$3.74 million ($2.46 million), resulting in a net recovery of NZ$7.2 million ($4.74 million). “We continue to investigate the affairs of the Company and its directors in the period prior to our appointment to determine …
Cryptopia, the recently hacked New Zealand crypto exchange, has posted an update on March 17 concerning its plan to resume trading on its platform, which is expected by the end of March. In the post, Cryptopia’s co-founder Rob (Hex) Dawson stated that the company is entirely committed to reopening the exchange. Hex provided Cryptopia customers with data about the ongoing rebate process, as well as general recommendations for interacting with their accounts. Cryptopia relaunched its website in read-only form on March 5, with the platform showing the balances as they were at Jan. 14, 2019, the date of the $16 …
Top Stories This Week SWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link to GPI (Global Payments Innovation) payments from their platform. According to SWIFT, users of the R3 platform will be able to authorize payments through the new GPI Link, settling GPI payments with the users’ banks, with the credit confirmation reported back to the trade platforms via GPI Link. Crypto Exchange Gemini Completes Security Compliance Review from Deloitte Gemini crypto exchange, which was …
Major Cryptocurrency exchange Binance has frozen tokens sent to its wallet by the entity who allegedly hacked New Zealand exchange Cryptopia, CEO Changpeng Zhao reported in a tweet Jan. 16. Cryptopia, which is currently shut down as police investigate the hack, lost at least $3.6 million in cryptocurrency, sources reported. While the total amount seized remains unconfirmed, social media users alerted Binance to suspicious transactions from addresses known to be related to the Cryptopia theft. Zhao subsequently said staff had been quarantining the tokens, which appeared to arrive in several batches: 31,320 Metal (MTL) worth $7,830 to press time, and …
Megaupload entrepreneur creator Kim Dotcom has announced he will launch an ICO for his Bitcache project. The announcement caps a long-awaited list of updates on the “encrypted anonymous” content sharing platform, which Dotcom has built to incorporate Bitcoin payments. The ICO, Dotcom announced on Twitter Wednesday, will raise funds towards “building global infrastructure.” At the same time, a limited release of Bitcache will be available for testing by users “next week.” Next week you can register and try the first feature set of K.im and Bitcache. Then we're doing an #ICO to build our global infrastructure. — Kim Dotcom (@KimDotcom) …