This is not a quick process but is necessary to ensure that coins are secure and that a further hack does not occur. At this stage, we are not able to confirm the underlying transactions or trade history that make up customer balances and therefore cannot communicate account balances to account holders at this time. As outlined above once we have finalised the claims process the Liquidators will be in touch with coin holders via official channels around registering their claim.

How to Safeguard Your Digital Assets?

• The Court decision means that Cryptocurrency is ‘property’ and coins were held on express trust by Cryptopia.
• Unverified accounts will be allowed to withdraw up to $5,000 NZD per day without documentation or lengthy approval processes.
• To maintain our free content and further support our work, we receive compensation from some companies advertising on Crypto Head.
• You can choose to use a pin number, e-mail authentication, Google authenticator app, or the Cryptopia hardware device.

Once you click on it you’ll be taken to the main exchange where you can trade your coins. The available pairs as of now are Bitcoin, Litecoin, Dodge, USDT, and Cryptopia’s own New Zealand dollar cryptocurrency. Bitcoin is typically the best option here, because it carries the most volume.

How can I import data from closed exchanges?

Those funds were compromised, and the users were left with nothing in the end. So the question here is if you are one of the victims of Cryptopia’s hack, is there any way to get your funds back? After a court ruling in 2020, Cryptopia’s users were declared entitled to their funds, with reimbursement in cryptocurrency rather than fiat currency. The liquidation process is ongoing, with Grant Thornton currently in the claim registration stage, urging affected users to file their claims to recover their assets.

The assets that you have full control over without a third-party or governmental organization interfering with them. But the thing is, cryptocurrencies are digital assets without any type of physical presence, making them very vulnerable to hacks, breaches, and attacks from people who have done no good to this world. 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. Taken over by the accounting and advisory organization Grant Thornton LLP, Cryptopia’s liquidation process has been going on for a couple of years now. Despite the good news Cryptopia victims received in 2020 on their ownership over the virtual assets, the company still hasn’t refunded the entirety of the loss that occurred due to the alleged hack.

No, we will not ask you to deposit any further crypto-assets or confirm account holders’ details at this stage. The only direct point of contact will be made via the email address you used when you registered on the Cryptopia exchange. The Court decision means that Cryptocurrency is ‘property’ and coins were held on express trust by Cryptopia. A separate trust exists for each type of cryptocurrency and they are beneficially owned by the account holders so will not form part of the pool of assets available to unsecured creditors. 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.

The hack attack on Cryptopia in 2019

The current plan by Grant Thorton is to return assets to account holders by the end of 2024. You need to sign up to the claims portal below if you haven’t already and you’ll receive email updates from their team. If you are new to cryptocurrency then take care to be sure you are sending to a compatible wallet! If you were to send Bitcoin to an Ethereum wallet for example, then your coins are gone forever. Always copy and paste the address, never type it out by hand to avoid errors, and be sure to double check that it is entered correctly before sending.

Some people make a profit by purchasing a coin on one exchange, and then selling it on another for a higher price, and this tool is meant to help facilitate that. It’s not just an exchange, but it’s also a community, and they do have a few more interesting tools which you might care to utilize. The above screenshot shows the main trading page for this coin utilizing the Bitcoin pair.

• 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.
• The exchange was hacked and the source of the hack is still unknown and is still being investigated by the New Zealand Police.
• You’ll then need to wait for a staff member to approve your documents, after which your account will be upped to $50,000 per day in withdrawls.
• 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.

How to withdraw from Cryptopia

This is a list of all of the current buy and sell orders for this specified asset. If you want to sell quickly then you’ll need to match your asking price to that of a buyer with an open offer. If you don’t mind waiting a bit to get a better price then you could raise your asking price closer to that of the sell book to hope for a better offer. Since cryptocurrency often trades on varying ups and downs throughout the day it’s likely you could milk a little more profit from your trade if you’re patient. If it has then you should be able to go to your balances section, and see that it is available for you to use. Once you’ve confirmed that you have a balance you can use for buying or selling it’s time to go to the Exchange!

If you decide not to do so, we recommend that you always make a note of this in your tax return, explaining that you have entered the information to the best of your knowledge. If any of these transactions are a withdrawal to the closed exchange, you can tag it as Lost so that Coinpanda will not realize the gains on the transaction. The amount sent will instead be included in your Expense summary in the tax report, and you might be allowed to report this as a loss in your tax return. ⦁ Use Coin info to check that the wallets you need are functioning properly.⦁ Utilize this feature to sort coins by algorithm and network type. Coin info does offer some other interesting information if you’re on the hunt for new investments.

This process is being completed alongside the claims and KYC process mentioned above. The process of applying to get your funds back from Cryptopia is relatively simple; the time period is the thing that can be frustrating for many people out there. The first thing that you will have to do is make a proper claim of your funds by getting in touch with the Cryptopia support team through the dedicated portal they had created on Zendesk. Currently, the liquidation process is in its second stage of claim acceptance, and the liquidator company is working on collecting enough data from the holders. On the contrary, the technology has been rock solid in keeping an immutable ledger by recording every single transaction ever made.

When you login to withdraw from cryptopia your account to try to withdraw your coins you will be asked to verify this action using a secondary verification step using one of the above methods. The KYC process cannot be avoided, as it is a legal requirement in New Zealand. Before returning crypto-assets we will correspond with customers within this claims process. Please note, customers who have previously completed the KYC process with Cryptopia will still need to go through the process set by us.

Unless you plan to trade coins with tiny marketcaps, and then you could utilize Doge. While you can make trades for Litecoin, it’s often more expensive to do so, and is not worth it in most cases. Make sure BTC is highlighted on the left, and then search for the coin that you want to sell.

A small victory was won in February 2020, when the high court of Christchurch ruled that Cryptopia users are entitled to the funds that the exchange was keeping custody of. Currently, the exchange’s official web domain, cryptopia.co.nz, redirects you to Grant Thornton’s web page, where you can keep yourself updated on the latest developments. ⦁ Utilize a two factor authentication option.⦁ Use the address book to protect your withdrawals⦁ Avoid using APIs, these can be unsafe. Is there anyone out there who has successfully withdrawn XMR from Cryptopia? James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency. Since then, the investors have been in a state of limbo and the assets have remained frozen for a couple of years.

Lastly, the only official communication from the liquidators will be sent from the no- email. We will not send any communications relating to your claim from a different address. Any communications not sent from this email are not from us and may be scams. Our Content on the Website is Our own opinion and does not constitute financial or investment advice in any way whatsoever.

The chart will show you the pattern that this coin has been following based on a time you specify such as 24 hour, 1 week, 1 month, ect. You can use this to decide whether or not it’s a good time to cash out your coins. Once you’ve clicked done you can then go to your balances page and wait for confirmation.

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. Any claims, statistics, or general information should be verified with the respective providers. For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure. The company has stated that they are expecting to file applications on the redistribution of funds starting from the first half of 2022.

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