Founder of defunct Cryptopia exchange has already founded a new one

It appears that the founder of the recently hacked and shuttered Cryptopia exchange has already founded a new one.

- Advertisement -

Adam Clark, Cryptopia’s founder and erstwhile lead developer, now describes himself on Twitter and LinkedIn as the founder of a second exchange —“Assetylene,” a misspelling of a foul-smelling hydrocarbon gas.

Assetylene, which joined Twitter in September 2018, has 71 followers on Twitter and appears—from an early archived copy—to be a copy of the popular “TradeSatoshi” exchange. This would make sense, because Clark, according to his LinkedIn, worked at TradeSatoshi as a senior developer.

But Assetylene, which purports to be “New Zealand’s most advanced crypto trading platform,” appears to have zero liquidity. (And doesn’t even register on CoinMarketCap). Its “about” page is empty. It could merely be that the exchange is still under development, so we have reached out to Clark for comment.

Cryptopia was New Zealand’s largest exchange until it went into administration earlier this month, after suffering a $23 million breach in January.



Source

Previous Articles:

- Advertisement -

Latest News

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

FHFA Orders Fannie, Freddie to Consider Crypto as Mortgage Collateral

The U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to consider...

Retail Investors Can Now Buy Tokenized Shares of SpaceX via Blockchain

Retail investors can now buy blockchain-based fractional shares in SpaceX through Republic. These digital tokens...

Must Read

5 Best Hacking eBooks for Beginners

In this article we present the 5 Best Hacking eBooks for beginners as ranked by our editorial teamWelcome to the world of hacking, where...