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The Former Founder of Defunct Cryptopia Launches New Exchange

Anca Florentis by Anca Florentis
May 22, 2019
in News
Cryptopia Assetylene

The Cryptopia exchange was recently closed due to a costly hack, but it seems that its founder has launched a new crypto exchange platform.

According to his Twitter and LinkedIn profile, Cryptopia’s founder and former lead developer, Adam Clark, is now the founder of a second exchange called “Assetylene,” which either refers to the word asset or it’s just a misspelling on the hydrocarbon gas acetylene.

asset
Source: Twitter

Assetylene created its Twitter account in September 2018, having 71 followers on the social media platform and from an early archived copy we can see that it tries to copy another popular exchange, “TradeSatoshi”. As Clark stated in his LinkedIn profile that he once used to be a senior developer at TradeSatoshi, we can see a link as to why there is a semblance between the platforms.

Even though Assetylene boasts itself to be “New Zealand’s most advanced crypto trading platform,” they have zero liquidity on their platform. The exchange does not even appear on CoinMarketCap’ registry.

There is also nothing written on the site’s About page. The exchange could still be under development which explains why there is nothing on the site yet. No other information has been disclosed by Clark of the Assetylene team.

Cryptopia was once the biggest crypto exchange in New Zealand, but at the beginning of this month, the company went into liquidation after it lost $23 million in a hack this January.

Tags: assetyleneAssetylene exchangecryptopiacryptopia founder
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Anca Florentis

Anca Florentis

Investigative Journalist | Adoption Reporter | Human-Centered Crypto Storyteller
Anca Florentis is a journalist and market researcher whose work sits between investigative reporting and human-centered crypto storytelling. At TheCCPress, she covers adoption, market transparency, founder and company narratives, and the social consequences of crypto expansion across different regions. Her writing is built around people, incentives, and public trust rather than abstract market chatter.

“A strong crypto story should explain not only what happened, but who it affected and why trust changed.”

Profile
- Gender: Female
- Born: July 1993
- Based: Cluj-Napoca, Romania
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, people, adoption, company stories, regulatory tension

Experience
Anca’s background spans financial reporting, fintech journalism, and crypto research. She has worked on stories involving European regulation, cross-border payments, DeFi adoption, and early Bitcoin use cases, which gives her a broad base for narrative journalism that remains grounded in evidence. At TheCCPress, she is especially useful when a story needs both reporting discipline and a human-centered angle.

Background
She studied economics and international business before deepening her work in digital media and communication. That combination shaped her reporting style: structurally aware, curious about systems, but still focused on the people and organizations moving through those systems. She is particularly effective on pieces where institutional language hides a more personal or social conflict underneath.

Achievements
Anca has contributed feature reporting, event coverage, founder interviews, and market-context journalism across European crypto and fintech topics. Her strongest contributions are stories that connect adoption or regulation with people, incentives, and trust rather than treating those issues as abstract themes.

Work Style
She writes with a measured investigative tone and tends to work from interviews, documented context, and narrative framing rather than short-form reaction. That makes her a strong fit for TheCCPress sections where the goal is to explain how a story unfolded and why it matters beyond a single market cycle.

Skills
Anca’s key strengths include investigative journalism, market research, founder and company profiling, regulatory reporting, feature writing, and cross-border crypto context. She is especially valuable on stories that need both narrative depth and factual discipline.

Additional Information
Within the new site structure, Anca fits naturally in investigations/controversy, people/founders, people/institutions, and selected stories/company-sagas. She helps TheCCPress sound more like a real editorial publication and less like a generic crypto feed.

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