You can invest in resources and facilities, and control supply chains as a true Tycoon. You can venture out and help other players, leveling up your skills, specialize and earn an income as an Adventurer. You can become a crafter of valuable NFTs, a breeder of rare companions, and a battle master. You can go to the dark side and become a pirate or stay in the light and hunt pirates as a bounty hunter. Restart of societyThe game is set in a story about civilization becoming unstable and unsustainable. 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.
Cryptopia Loss Marker (CLM) equivalent value in ETH?
As the firm attempted to cool the hot water it was standing it, company representatives kept their mouth cryptopia loss marker shut. After months of silence, compromised exchange Cryptopia has emailed its customer base with information about its January 14th breach, its current operational status, and its plan to compensate users who lost funds. With the announcement of distribution plans the Liquidators expect to see an increase in bad actors trying to interfere in the Cryptopia claims process.
Phantom Wallet iOS Update Error Results in User Fund Access Problems
- I won’t accept the coin balance until I have some idea of how this compares.
- Updates can be found on the Grant Thornton New Zealand website, as well as the social media channels for Grant Thornton and Cryptopia.
- Choose your pathRegardless of your faction, you can play any way you want.
- Cryptopia, a once well-known exchange, suffered a brutal hack in mid-January.
- And since then, Cryptopia has begun to rebuild its platform, slowly putting the bricks down for a new, improved, and dramatically more secure iteration of its offering.
It isn’t clear whether Cryptopia will follow in the footsteps of Bitfinex, but victims of the hack are surely riding on it. On the 14th of January 2019 we noticed several suspicious transactions and placed our site into maintenance to prevent additional funds from being compromised as best we could. We notified local and international law enforcement agencies of the matter and our offices were locked down and the site was only accessible to a very small number of staff and law enforcement agencies. As a result, many of our staff were sent home on full pay and our systems were inaccessible.
What exactly is the conversion here for CLM?
We are pleased to announce that today we have launched stage 3 of the claims process ‘balance acceptance’. By and large, Cryptopia’s clients were pleased, posting cheery quips in response to the above tweet. However, there are still many facets of the platform that are surrounded by yellow tape. According to a Cryptopia letter, emailed to its clientele last week, deposits are still shuttered due to the exchange’s newfangled wallet solution. Cryptopia, a once well-known exchange, suffered a brutal hack in mid-January. Blockchain researchers claimed that the Christchurch-based company lost upwards of $16 million in Ethereum, ERC-20 tokens, and an array of unnamed digital assets.
Only those users who have completed stages 1 and 2 above will be invited to this stage. In 2016, Bitfinex, then one of the world’s largest cryptocurrency exchanges, lost $72 million worth of BItcoin in a surprising hack. Like in Cryptopia’s case, traders using the Hong Kong-headquartered platform took a “generalized” haircut, with this one being a platform-wide 36%. Bitfinex went on to establish a reimbursement token, BFX, before buying back the tokens at their $1 face value in the months that followed the August hack. As previously communicated to account holders, those having trouble with the Claims Portal, need to raise a ticket through the Cryptopia Customer Support Portal .
© 2024 Grant Thornton International Ltd (GTIL) – All rights reserved. If you held balances in coins that were lost in the event you will start to see Withdraws on your account for those coins. The TXID for the withdraw will not exist on the network but will detail how the coin was impacted in the event.
On behalf of the leadership team and all staff at Cryptopia, we want to thank you for your unwavering support. Cryptopia aims to be a transparent and honest exchange, with the greatest customers in the world. This was the first time since the event that we could begin to assess the impact.
They call this a “haircut,” and it’s rather reminiscent of the Bitfinex hack of yesteryear. I have seen a few others reference this so far, but I have a CLM balance. I don’t know what is actually a significant number of “CLM”, but in comparison to the others I have seen, my number is higher. I have no clue what CLM actually represents in fiat (we’ll work with USD for the purpose of this email). I know it’s an acknowledgment of lost or stolen funds, but is it just representing any particular stolen fund. On the flip side, 5000 CLM could be 5000 doge, which would be almost worthless.