I also had funds on the stock exchange! What will happen to our assets? Who has the reference to the telegram?

I belive the solution is actually simple.
The CEO splits the private key in multiple parts, he holds half of the key and plits the other half to 2 or more parts. Then makes copies of each part so that at least 2 copies of each part exists and splits them to other executives. Even if one executive leaves in bad terms, there should be another copy.

Alternatively, splitting the key to 2 parts, one for the CEO and one for a lawyer should also be fine.
In Cryptopia's case it seems they were holding the keys to servers... Very clever!

This is probably their exit strategy, I would not be surprised if all this was inside job to bailout with clients money.
It will be interesting to see what will happen to people that were in charge for that exchange.

I am sure that some people will not except that their  money got snatched with some breach/hack excuse.
Only because someone give access to the police doesn't mean that they should immediately be abolitioned from their responsibility.

Your money was their responsibility and it will be very hard for them  to stay in the business after this fiasco.

 

So many red lights on cryptopia exchange, non function support, more than 100 markets "maintenance" for months, then 51% attack that all coins are missing, then hack or exit scam...

This was two months before cryptopia's hacking: https://www.ccn.com/claim-crypto-exchange-lost-500000-due-to-aurumcoin-51-attack/

The theory is: it was a on a core server. ALL OF IT, while it was handled amateurish.

I am afraid now we can consider cryptopia case as lost
There is a list of stolen cryptocurrencies (with amounts)  https://github.com/elementus-io/cryptopia-hack/blob/master/README.md
It is about $16M USD overalll and with current market condition I cannot be optimistic

Thanks for sharing that.
Early feb that doesnt sound to bad.
I didn't see my coins on the list of stolen funds so thats something but we wont really know until they reopen I guess.
Im hopefull.

From cryptopia discord from the ceo.

For those who are querying the NZ Police e-mails referred to, they are legitimate and are copied to me by NZ Police. We will respond when we have substantive facts to report when the investigators give us approval. Until then we are tied as the authorities do not want us to make any statements that might by accident exacerbate the situation and cause more damage.

This is most likely a lie, someone threw this picture into the tweeter and all got lost. It is not in official sources.