Can A Cryptopia Exchange Got Hacked Simple Like that ? - page 2.

Cianix

member

Activity: 420

Merit: 10

Quote from: Teamfearless on January 15, 2019, 01:29:18 PM

Do you Think Cryptopia Was hacked Or They are just Trying To Run Away with peoples money !!

It is difficult to say whether the team is involved in this or not , but I think the team is not very profitable to close their project , as this exchange could bring constant funds and it is extremely profitable than to take all the money at once.

motun01

member

Activity: 431

Merit: 18

Exchanges will always remain an easy target for hackers because of the high rate of transactions going on and also because of the millions of dollars worth of cryptocurrencies they have in holding.
Exchange hacks are not easy nor cheap but a person with the required expertise and funds can attack exchanges and any security lapses can be very costly

Omela44

copper member

Activity: 266

Merit: 0

Hacking an exchange still seems to be one of crypto's biggest problems. Always a pity to see people lose their coins there. I am curious how it continues with cryptopia. Hopefully, at least people will get their coins back, which were not stolen by the hack.

michellee

hero member

Activity: 2604

Merit: 816

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Besides that, we don't know how good cryptopia to handle their security from attack from the outside. And I don't think they will reveal what's going on with their site and maybe they will explain the simple explanation to their members. It is why that every exchange need to check their security by doing a routine checking so they can find a bug and they can fix it before the bad things happen. I hope that the other exchange doesn't get the same things as cryptopia.

mcTether

jr. member

Activity: 238

Merit: 2

Quote from: Teamfearless on January 15, 2019, 01:29:18 PM

Do you Think Cryptopia Was hacked Or They are just Trying To Run Away with peoples money !!

I think the exchange was probably hacked. But does it now mean that they will not return people's funds in their care? If they actually wanted to run, they could have just shutdown and disappear like Octaex.

bdc2343

member

Activity: 296

Merit: 10

Quote from: NaXxow on January 18, 2019, 09:22:21 PM

it is a doubt that an exchange with a high end security will be hacked like simple as that. the factor of inside job has a great possibility, though it is a right of the customer to file case on a platform that promise to protect your investments.

I also think that it may be possible, but if I believe it is just new, unknown people and it is very likely that they have committed something from the scams and flying money, maybe Roll Eyes

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Whatever the real happening there, hackings do oftenly happen if there's a big money involved.

These hackers have been there since the early days of crypto and they don't have any other thing to do but to steal the funds of exchanges. On the other hand, these incidents can also be taken advantage of the victim and they just can reason it out if they are playing dirty. But let the result of the investigation come out, wait for it.

susila_bai

hero member

Activity: 1260

Merit: 524

Until the result of the investigation is not revealed we cannot con-firmly tell that whether they wantedly doing so that they can go with users coins or really hacking happened. Till then we can only guess and comment on the situation. It can also be that due to lot of new exchanges are coming and cryptopia is loosing the market and are in loss so for this also it can be insider job. So that they can show that their exchange is also big one that it can get hacked.

In today market hacking means the exchange has got lot of investments and users trading, so that it can get popular and then they will refund the users their coin like this they show reputation and gain market share and more users will try to join the exchange and revenue of the exchange will increase. This way the exchange advertisement can also be done.

Pffrt

sr. member

Activity: 1372

Merit: 322

No one can tell the truth. It seems a hack to me because cryptopia was a fast growing cryptocurrency. It could flourish a lot. It would be better to stay than tun out. Anyway, let the investigation start properly and find out who is the culprit.

thaliaand

member

Activity: 574

Merit: 10

Questions that are difficult to answer. It might be hacked. However, why do they have to run away with people's money? Before this incident, were there any reasons or indications that the exchange suffered a loss and did this ? This incident has been reported and being investigated by the authorities, so let's wait the result.

kramchers

full member

Activity: 854

Merit: 101

Quote

Do you Think Cryptopia Was hacked Or They are just Trying To Run Away with peoples money !!

If they will run the money of the users then they will be caught easily.
The wallet in exchange are marked and once the tokens there and coin are move out again they will be the one who are doing it.
As the website now is closed and the exchange is not working now.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

This has happened a lot with small exchange in the past, I think it's possible. But if it was me, I would choose to pay the user back, upgrade my platform. And from that benefit from trade trade from users offset the amount of hacked money

darkangel

sr. member

Activity: 714

Merit: 250

Quote from: Teamfearless on January 15, 2019, 01:29:18 PM

Do you Think Cryptopia Was hacked Or They are just Trying To Run Away with peoples money !!

I think it's difficult for exchange to be hacked. We have a lot of exchanges at the moment but there are very few exchanges that are hacked. And of course I guess that is not random, maybe their staff has done this

lutfi-hasan

member

Activity: 336

Merit: 10

Yes, it is regrettable that the Cryptopia market must be hacked like that, because the Crypto world is very vulnerable to hacking, because the Crypto market is money, and sometimes has a thin security, so it is easy to hack. Hopefully the case that befell Cryptopia can be a learning for other exchange markets.

judeafante

sr. member

Activity: 2254

Merit: 258

It's time to say goodbye to Cryptopia there are so many exchanges in the market today, if you are exchanging top coins then prefer more secured ones, I only traded here because some of the coins in my portfolio are not traded on other exchanges.

Wong Kalong

member

Activity: 377

Merit: 10

We will wait for the news of Cryptopia with hacking cases being handled by the police, of course, this will take time, and indeed those who do insiders certainly have decisive actions and this will have an impact on their reputation, so expect the police to immediately find the perpetrators and motives for this incident.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

It seems they are not hiding anything because they involve the police and tech authorities if this is true they will be caught if this is an inside job, and it will harm their reputation as well if it turns out that this is an inside job, we'll wait for more news about this hacked

shaheer001

full member

Activity: 1274

Merit: 100

Lets see as per there twitter tweets investigation is in progress by police and special branch and the police don't want to disclose the investigation at the moment, so wait for good hope.

NaXxow

legendary

Activity: 1085

Merit: 1000

ALT Add: APfc4bykKHxYSVkvzsLdQvmiTXvTgMiCRM

it is a doubt that an exchange with a high end security will be hacked like simple as that. the factor of inside job has a great possibility, though it is a right of the customer to file case on a platform that promise to protect your investments.

auliasilvana

jr. member

Activity: 196

Merit: 1

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In the world of the internet, anything can happen, usually, hackers are smarter than we thought, this makes me even worse to face, which is certain we must be able to protect our assets well. What happened to this Cryptopia I also could not guess and prejudice because the case is like this, just hoping the team and the police can handle this problem quickly.

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