Collapsed Cryptopia Founder Needs You to Put Funds on His New Trade – CoinDesk


As a result of there are, apparently, second acts in crypto, the creator of the defunct Cryptopia change is making an attempt once more with a brand new change product known as Assetylene.

The change, which touts itself as “New Zealands most superior crypto buying and selling platform,” is run by Adam Clark, the previous founder and programmer for Cryptopia.

Cryptopia went into liquidation on Could 15 after a significant hack that drained an estimate $16 million-worth of crypto final yr. Most just lately the stolen funds are presently shifting out of the hacker’s wallets and onto varied exchanges. One would assume, then, that the founding father of a hacked, shuttered change, wouldn’t attempt once more so rapidly.

One could be unsuitable.

Arguably, Clark hasn’t labored on Cryptopia since February 2018, in response to LinkedIn, and has been constructing Assetylene for no less than 9 months.

Picture by way of LinkedIn

The brand new change is clearly only a shell – the About Us web page is empty and there’s no buying and selling information. As Decrypt notes, the location is operating the favored TradeSatoshi change software program, a turnkey answer that allows you to spin up an change in a couple of minutes.

Picture by way of Assetylene

Is Assetylene an actual change? Will it endure the identical destiny as Cryptopia? In finance, previous efficiency just isn’t indicative of future outcomes however in psychological well being repeating the identical factor time and again and anticipating a unique result’s madness. Maybe Assetylene falls between the 2?

Torch picture courtesy of Shutterstock

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