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Otago Daily Times
04-08-2025
- Business
- Otago Daily Times
Cryptopia customer tried to bribe court registrar for information
A man claiming to be an affected party in the collapse of a multimillion-dollar cryptocurrency company has tried to bribe a court registrar to release information related to the case for $2 million in Bitcoin. New Zealand-based company Cryptopia was allegedly hacked in January 2019, leading to the loss of about $30m in cryptocurrency held by it in an exchange. The business tried to reopen, but customer trust was low following the hack, and it went into liquidation. Liquidators are still trying to disentangle its finances and return funds to customers where possible. In December last year, public accountancy firm Grant Thornton announced that $400 million in cryptocurrency had been returned to about 10,000 customers. Then, in June this year, the firm announced a further 2624 customers had received $50m in Bitcoin and Dogecoin. It was also preparing to launch distributions to affected customers to qualifying account holders in Cardano, Tether, Tron and Litecoin currencies. Cryptopia, founded by Adam Clark and Rob Dawson, owed IRD more than $19m and a further $22m to unsecured creditors. The accountancy firm has said it was unclear whether there would be money remaining to pay those creditors. 'I need assets returned to me' Now, a man claiming to be a creditor has applied to the High Court at Christchurch to access court documents related to the liquidation of Cryptopia. The case has been before the court since liquidators applied for a court order to sell some of Cryptopia's bitcoin to pay their own fees in liquidating the company. The documents the man requested were related to an affidavit filed in 2019 by one of the liquidators, David Ruscoe, in which he annexed two spreadsheets containing databases of commercially sensitive and confidential information relating to 960,000 of Cryptopia's account holders and their cryptocurrency holdings. The court had received the information on a USB drive. According to court documents, a court registrar inadvertently sent it to Thomas Cattermole, who runs an unincorporated enterprise called 'Cryptopia Rescue' that purports to offer help to former customers of Cryptopia. Grant Thornton then took Cattermole to court, claiming he was in contempt of court for passing the information held on that USB to third parties, and secured an injunction to stop him sharing the information further. 'Abuse of process' Any member of the public can request documents held by a court, but it's at the judge's discretion to release them. In this case, the man, emailed the Christchurch High Court registry requesting access to the confidential spreadsheet. 'I would like to seek out answers as to why the TRUSTEE / Liquidator are hiding the blockchain wallet addresses for my assets. They have breached trust law, and I would like to seek out the return of my funds. I need assets returned to me,' his email read. Grant Thornton opposed those documents being released, noting that a person by the same name was currently going through the account registration process to receive funds released by liquidators. In addition to filing a request for access to Ruscoe's affidavit, the man emailed a court registrar and said he had faced 'significant barriers' in accessing the information he was seeking. A registrar responded, identifying themselves as the case manager, and the man then replied with allegations about the conduct of the liquidators. He told the registrar that if they saw 'anything dodgy happen', to email a private email address, which he provided. 'They can't pay you, but I think they will donate 10 bitcoin to any wallet of the whistleblower's choice,' his email said. Ten Bitcoin is roughly equivalent to $2 million at the time the ruling was issued. The man also accused High Court judge, Justice Andru Isac, of holding a private teleconference with the liquidators. In a recent ruling by Justice Isac declining the man's application for the requested documents, he pointed out that the man had attempted to arrange an unlawful Bitcoin payment to a member of the court registry in exchange for information, before providing an email address to facilitate a private response. 'Given the applicant's improper attempt to solicit information from a Court officer I am satisfied the request for access to Court documents is an abuse of process,' Justice Isac said. 'The party lodging the request has not provided proof of their identity. They claim to be residing overseas. 'And as the premise of the application is the applicant's desire to be repatriated with an account held by Cryptopia, given the liquidators have an identification process available to the applicant, it is unclear why he should need access to Court documents to establish his interest in the relevant account. 'That information should already be available to him.'
Mint
21-07-2025
- Business
- Mint
Bitcoin price edges up, Altcoins gain. What next for crypto after the Genius Act.
Next Story Adam Clark , Barrons Bitcoin was rising after the signing of the Genius Act but Ether, XRP and Solana looked to be bigger beneficiaries. The market valuation of all cryptocurrencies briefly surpassed $4 trillion last week. (AFP via Getty Images) Gift this article Bitcoin was rising slightly early on Monday but other cryptocurrencies were recording stronger gains. Crypto-related legislation looks to be fueling a rotation into other digital currencies which could be more immediate beneficiaries of the new laws. Bitcoin was rising slightly early on Monday but other cryptocurrencies were recording stronger gains. Crypto-related legislation looks to be fueling a rotation into other digital currencies which could be more immediate beneficiaries of the new laws. Bitcoin's price was up 1% the past 24 hours at around $119,194. The world's largest cryptocurrency hit a record high of $123,166 last week amid excitement over 'Crypto Week" as multiple pieces of crypto-related legislation made their way through Congress. Several large altcoins were rising. Ether gained 3.5%, XRP climbed 3.1%. Solana was rising 6.3%, while memecoin Dogecoin surged 8.7%. President Donald Trump signed the Genius Act into law on Friday, establishing a framework for federal regulation of so-called stablecoins, whose prices are pegged to a real currency like the dollar. The bill requires issuers to maintain one to one reserves in U.S. dollars or Treasuries and bans interest-bearing stablecoins. 'The GENIUS Act's ban on yield-bearing stablecoins is driving institutional interest into Ethereum, which largely provides the network for stablecoins," wrote Deutsche Bank analyst Marion Laboure in a research note on Monday. However, arguably the more important piece of legislation is the Clarity Act, which addresses the question of whether cryptos are commodities or securities, and what regulator would oversee them. While it was approved by the House on Thursday, it still needs to pass the Senate. Whether Bitcoin can achieve further gains is likely to depend on the apparent progress of the Clarity Act through the Senate before the August recess. However, it could also receive a boost Tuesday, when a president's working group makes policy recommendations that could include a proposal for a strategic reserve of Bitcoin. Topics You May Be Interested In Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Associated Press
12-03-2025
- Sport
- Associated Press
Merrimack Warriors play in MAAC Tournament against the Sacred Heart Pioneers
Atlantic City, New Jersey; Wednesday, 8:30 p.m. EDT BETMGM SPORTSBOOK LINE: Warriors -3.5; over/under is 137.5 BOTTOM LINE: Merrimack and Sacred Heart meet in the MAAC Tournament. The Warriors have gone 14-6 against MAAC opponents, with a 3-8 record in non-conference play. Merrimack scores 66.0 points while outscoring opponents by 1.5 points per game. The Pioneers are 11-10 in MAAC play. Sacred Heart is 9-7 in games decided by 10 or more points. Merrimack is shooting 42.6% from the field this season, 1.6 percentage points lower than the 44.2% Sacred Heart allows to opponents. Sacred Heart has shot at a 44.3% rate from the field this season, 2.5 percentage points higher than the 41.8% shooting opponents of Merrimack have averaged. The teams square off for the third time this season. Sacred Heart won the last meeting 60-59 on Feb. 22. Anquan Hill scored 17 to help lead Sacred Heart to the victory, and Adam Clark scored 18 points for Merrimack. TOP PERFORMERS: Bryan Etumnu is averaging 8.5 points, six rebounds and 2.3 blocks for the Warriors. Matt Becht is averaging 2.5 made 3-pointers over the last 10 games. Tanner Thomas is averaging 14.9 points and 6.3 rebounds for the Pioneers. Griffin Barrouk is averaging 2.5 made 3-pointers over the last 10 games. LAST 10 GAMES: Warriors: 6-4, averaging 69.6 points, 25.5 rebounds, 12.0 assists, 11.6 steals and 4.7 blocks per game while shooting 43.5% from the field. Their opponents have averaged 64.3 points per game. Pioneers: 5-5, averaging 76.2 points, 32.9 rebounds, 18.7 assists, 7.5 steals and 3.5 blocks per game while shooting 43.5% from the field. Their opponents have averaged 74.8 points. ___
Associated Press
07-03-2025
- Sport
- Associated Press
Clark puts up 22 in Merrimack's 75-53 victory over Marist
The AP Top 25 men's college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here. POUGHKEEPSIE, N.Y. (AP) — Adam Clark had 22 points in Merrimack's 75-53 victory over Marist on Thursday. Clark had 10 assists for the Warriors (17-14, 14-6 Metro Atlantic Athletic Conference). Bryan Etumnu scored 16 points, going 5 of 6 and 5 of 6 from the free-throw line. Sean Trumper finished 4 of 9 from the field to finish with nine points. The Red Foxes (20-8, 13-6) were led by Jason Schofield, who posted 17 points. Elijah Lewis added 16 points and six rebounds for Marist. Josh Pascarelli also put up six points. Merrimack, which split its season series with Maris, concluded its regular season. Marist visits Mount St. Mary's on Saturday. ___
USA Today
28-02-2025
- Sport
- USA Today
How to watch Merrimack Warriors vs. Rider Broncs: Live stream info, TV channel, game time
How to watch Merrimack Warriors vs. Rider Broncs: Live stream info, TV channel, game time | February 28 The Rider Broncs (10-18, 6-11 MAAC) will look to break a three-game losing streak when visiting the Merrimack Warriors (15-13, 12-5 MAAC) on Friday, February 28, 2025 at Hammel Court. This matchup is at 7 p.m. ET on ESPN+. In its most recent game, Merrimack defeated Iona, 77-70, on the road. Its top performers were Adam Clark (27 PTS, 8 REB, 7 AST, 2 STL, 52.94 FG%) and Devon Savage (12 PTS, 30 FG%, 3-10 from 3PT). In its most recent game, Rider fell on the road to Mount St. Mary's, 79-72. Its top performers were TJ Weeks Jr. (18 PTS, 3 STL, 33.33 FG%, 4-13 from 3PT) and Tariq Ingraham (15 PTS, 11 REB, 55.56 FG%). Here is everything you need to get ready for Friday's college basketball action. Check out: USA TODAY Sports Coaches Poll Merrimack vs. Rider: How to watch on TV or live stream Game day: Friday, February 28, 2025 Friday, February 28, 2025 Game time: 7 p.m. ET 7 p.m. ET Location: North Andover, Massachusetts North Andover, Massachusetts Arena: Hammel Court Hammel Court TV Channel: ESPN+ ESPN+ Live Stream: ESPN+ - Watch NOW Watch college basketball on ESPN+! Warriors vs. Broncs odds and spread Spread Favorite: Warriors (-9.5) Warriors (-9.5) Moneyline: Merrimack (-450), Rider (+343) Merrimack (-450), Rider (+343) Total: 131.5 points College basketball odds courtesy of BetMGM Sportsbook. Odds updated Friday at 3:33 a.m. ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Watch college basketball on ESPN+!
