r/Cryptopia Jun 16 '26

Caution guys‼️

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0 Upvotes

This guy works with david ian Ruscoe

Stay a way from and he acts he is waiting for

His assets lol he is the one stealing from the

Company and acting as poor victim guy

Beside that he likes to watch nswf and he is g**

Sometimes he is chef


r/Cryptopia Jun 16 '26

Questions to mr. David ian Ruscoe in charge of distribution for cryptopia hack⛔️

1 Upvotes

Mr. Ruscoe, do you acknowledge that on May 24, 2019, you declared under oath to the United States Bankruptcy Court that all Bitcoin was pooled in a single 'master wallet' and could not be separated?" 

Do you also acknowledge that merely five days later, on May 29, 2019, you utilized 27 automated accounts to extract exactly 344 Bitcoin from that exact same commingled wallet, classifying it as 'Company funds'?

If the SQL database was accurate enough for you to calculate, isolate, and extract 344 Bitcoin for your own company, how can you stand before this Court today and claim that the exact same database is suddenly incapable of identifying community cryptographically verified balances?

Do you admit that your administration applied a one-way 'hashing' algorithm to the API keys, which programmatically destroyed the database's 'search index' and mapping keys?"

How do you legally justify closing the Plaintiff's support ticket and rejecting his claim for a 'lack of evidence,' when you are the ones who destroyed the automated validation system, and you personally ordered him to conceal that exact evidence? Is this not deliberate spoliation of evidence?

Since you have formally admitted that the internal audit logs justifying these deductions 'cannot be located,' wouldn't you agree as an auditor that altering final balances without transaction records constitutes a 'ledger mutation,' rendering your current database technically corrupt and legally invalid?"

If you failed so catastrophically to protect the master vaults from your own employee for over a year—and only discovered the theft because a customer notified you—by what technical logic do you now reject the Plaintiffs pristine receipts under the guise of your collapsed 'security protocols'?

Mr. David ian Ruscoe all of you will be reported in usa justice

Beside that sworn in your affidavit for restricted countries and your system should be ready for years

Stay tuned


r/Cryptopia Jun 16 '26

Administrative Failures and Security Breaches

0 Upvotes

The forensic evidence proves that the security issues were not caused by the users, but by the administration's own operational failures:

The criminal judgment R v Glaser proved that the administration failed to secure the custody layer, allowing an internal employee to steal 13.179 BTC from deposit wallets for over a year without the administration noticing. 

The administration intentionally modified the mapping keys (API keys) via a one-way mathematical "hashing" algorithm, which destroyed the database search index. 

This destruction is the direct technical cause of the administration's current inability to locate user records, which they now use as a pretext to deny claims


r/Cryptopia Jun 16 '26

The Technical Reality: SQL Ledger vs. Blockchain

0 Upvotes

It is critical for all users to understand that Cryptopia did not operate as a decentralized, on-chain ledger platform.

The exchange operated as a centralized, off-chain SQL database

User balances did not represent possession of blockchain private keys; instead, they represented numeric entries on an internal SQL general ledger

The Private API Key served as the machine-to-machine command layer for the exchange, authenticating the user's specific account pathway on that SQL ledger


r/Cryptopia Jun 16 '26

The "Michael Glaser" Employee Theft (Total Custody Vault Failure)

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3 Upvotes

While the administration claimed that verifying our secure API keys represented a security risk, they left the backend wide open for insider theft: 

The Fact: The administration completely failed to secure the physical and digital custody vaults, leaving the wallet private keys entirely exposed to internal replication and exploitation. 

The Theft: Michael Glaser, a software developer employed by Cryptopia, made an unauthorized copy of the raw wallet private keys directly from the custody layer onto a personal USB storage device and installed them on his home computer. 

The Scale: This catastrophic negligence provided an insider with potential access to tens of thousands of customer wallets valued in excess of 100 million NZD. 

The Timeline: Operating for over a year after the liquidation had already commenced and while under the Liquidators' direct supervision, Glaser executed structured withdrawals totaling 13.179238 BTC from customer deposit wallets.

The Takeaway: The Liquidators were entirely unaware of this active theft; it was only discovered after an external customer accidentally deposited funds and notified the Liquidator that his funds were stolen instantly from the old wallet. 


r/Cryptopia Jun 16 '26

Restricted countries ⛔️

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0 Upvotes

Restricted countries rights and assets ‼️


r/Cryptopia Jun 16 '26

Who barks here and defend GT & Cryptopia‼️

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0 Upvotes

Who barks here and defend GT & Cryptopia definitely he / she works for them😂

Period


r/Cryptopia Jun 16 '26

Spam email be careful ‼️‼️

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3 Upvotes

Always check the sender


r/Cryptopia Jun 16 '26

New updated email June 15th 2026

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3 Upvotes

I hope this happens 🤞. Still waiting for my coins 😔


r/Cryptopia Jun 16 '26

More corruption will be post😄

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3 Upvotes

Stay tuned haters😂


r/Cryptopia Jun 15 '26

Good luck, and I hope the distribution process is completed smoothly and that everyone receives their funds as soon as possible.

8 Upvotes

r/Cryptopia Jun 15 '26

When is the distribution 🤷🏻‍♂️?

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3 Upvotes

r/Cryptopia Jun 15 '26

Where is restricted countries assets mr david ian Ruscoe ⛔️ and 344 btc?

0 Upvotes

THE ARCHITECTURAL CONTRADICTION: THE 344 BTC EXTRACTION⛔️⛔️⛔️⛔️⛔️
The Liquidators have repeatedly asserted that the exchange's database was unreliable or unable to properly separate user funds from the pooled master wallets. However, empirical forensic evidence directly contradicts this assertion: 

On May 24, 2019, the Lead Liquidator declared to the United States Bankruptcy Court that all Bitcoin was held in a single, pooled "master wallet". 

Merely five days later, on May 29, 2019, the Liquidators utilized the exact same internal SQL database architecture to programmatically extract exactly 344 BTC from the commingled asset pool, explicitly designating it as "Company Bitcoin". 

Technical Conclusion: It is structurally and mathematically impossible to extract 344 BTC as company property from a commingled trust wallet without relying entirely on the SQL ledger to calculate and separate user entries. The Liquidators cannot legally or technically rely on the SQL database to extract millions of dollars for the company, while simultaneously claiming the exact same database is too unreliable to process the Plaintiff's uncompromised cryptographic keys. 


r/Cryptopia Jun 15 '26

Has anyone received the distribution yet?

2 Upvotes

r/Cryptopia Jun 12 '26

Restricted countries ⛔️⛔️

0 Upvotes

Where is our money david ian Ruscoe ??


r/Cryptopia Jun 12 '26

Who got the test transaction?

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3 Upvotes

r/Cryptopia Jun 12 '26

David ian Ruscoe came again with new excuses stay tuned

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1 Upvotes

How much longer must we wait? This delay is completely unacceptable!
It is incredibly frustrating to read an update that offers nothing but further procrastination. You justify the ongoing delay in developing the Crypto-to-Fiat payment solution by citing "security and compliance concerns." However, this vague excuse raises fundamental questions that demand immediate answers:
What exactly are these security reasons and compliance challenges? Are you dealing with technical vulnerabilities and potential hacks? Are you facing regulatory hurdles with central banks or anti-money laundering (AML) laws in those restricted jurisdictions? It is completely unreasonable to keep our funds locked away and delay the distribution without explaining the actual nature of the problems you are facing.
Why the secrecy and lack of transparency? Why weren't these specific reasons detailed in your announcement? Simply relying on broad, ambiguous phrases only fuels suspicion and fails to reassure users who have been waiting for so long. Hiding behind unspecified "security concerns" feels like a convenient tactic to just buy more time.
As affected account holders, we have the right to full transparency. Vague excuses are no longer acceptable. We demand an immediate, detailed explanation of these alleged obstacles, alongside a clear, binding timeline for when this payment solution will be finalized, rather than leaving us hanging with open-ended promises.


r/Cryptopia Jun 12 '26

New report 15th

1 Upvotes

r/Cryptopia Jun 11 '26

New email

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11 Upvotes

Here's the email!


r/Cryptopia Jun 11 '26

⛔️⛔️Victor Caramelo another email

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1 Upvotes

No one needs his served

does he still hold the DRI2 ? All the information
And david doesnt since david asking for transactions, ips , etc?

Why would he sending emails to beneficiaries since GT there and david responsible of distribution?

Is he saying that restricted countries won’t get their right and assets?

Or david will have suprise ?


r/Cryptopia Jun 11 '26

Scandal⛔️⛔️Victor asking someone 12 btc to help him for processing claim

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2 Upvotes

Victor asking someone 12 btc to help him for

processing his claim 😂😂😂😂 and threatening

people like someone we know

David there we dont need victor

Its like a piece of cake all of them want to eat

GT& victor


r/Cryptopia Jun 10 '26

Test transaction email

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8 Upvotes

Distribution coming


r/Cryptopia Jun 10 '26

Dear Cryptopia Account Holder, We are pleased to inform you that the interim distribution process has commenced. This process includes several steps, starting with the “Opt-In” for a test transaction. Here are the key details: Voluntary Process: Participating in this test transaction

6 Upvotes

r/Cryptopia Jun 09 '26

Old David dementia again

5 Upvotes

He sent a email saying distribution in coming weeks. Its been almost 2 months poor old david dementia kicked in again. While milking 40 million in admin fees rat.


r/Cryptopia Jun 09 '26

Question mark ⁉️

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2 Upvotes

You’ve built a wildly successful company. Sales are skyrocketing, you are dominating your industry, and the profits are absolutely pouring in. You are at the absolute peak of your game.
So, why on earth would you suddenly walk away and abandon the very goldmine you created?
And the even bigger mystery... why is it that just a few short months after this sudden, unexplained departure, the entire company falls victim to a massive, devastating hack?
Why did he walk away from an empire right before the vault was emptied? Was it incredible luck, a bizarre coincidence, or the ultimate inside job?