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.
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.
