Christchurch Cryptocurrency case investigation continues

Christchurch Cryptocurrency case investigation continues

Supplied Content (Edited)

Wellington, January 17, 2019

(Image from Pixabay) 

Police are continuing their investigation into the alleged unauthorised transaction of cryptocurrency at ‘Cryptopia,’ a Christchurch based company.

A Police Communique said that the inquiry is still in its very early stages and that Police are continuing to work with ‘Cryptopia’ to establish the chain of events.

“We are not yet in a position to say how much cryptocurrency is involved, except that it is a significant amount. A large team, including Canterbury CIB and specialist staff from the police High Tech Crime Unit, have been assigned to the case,” the Communique said.

Police presence increased

There has been a visible police presence at the Company’s Colombo Street Headquarters throughout yesterday, as the investigation progresses.

Police said that their focus includes commencing a forensic digital investigation of the Company and a physical scene examination at the building.

But they refused to provide more details.

“We are dealing with a complex situation and we are unable to put a timeframe on how long the investigation may take. We are also aware of speculation in the online community about what might have occurred.  It is too early for us to draw any conclusions and Police will keep an open mind on all possibilities while we gather the information we need,” Police said.

Incorrect media report

A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges in achieving this objective.

The Police said that ‘Cryptopia’ officials are ‘cooperating fully’ with the investigation team but denied a media report that Police ‘stormed’ the building saying that ‘the Report is entirely incorrect.”

Anyone with information which could assist the investigation can contact the Police by email: crypto@police.govt.nz.

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