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Topic: Can A Cryptopia Exchange Got Hacked Simple Like that ? - page 3. (Read 635 times)

hero member
Activity: 2660
Merit: 551
I think there's more story than this so called hacks. First, as what others have said, trying to liquidate the stolen coins to Binance? bad move. Second, what took Cryptopia took so long to act and freeze the withdrawals? I'm 100% sure that the authorities will caught who is really the people behind this heist specially that Binance has all the logs of the deposits.
sr. member
Activity: 2618
Merit: 439
Good question, because I speculate that if you're a smart hacker, why would you moved your funds to Binance and be trace? So it means that hacker is too dumb or maybe it was no hacker after all? Maybe a inside job or something? someone who knows how to move funds but not knowledgeable to use mixing services? Hmm....
member
Activity: 728
Merit: 14
Given that the "hackers" were actually dumb enough to send money to Binance, police probably has a lead on who's trying to liquidate the ethers.
if the hackers are really that stupid and send the coins to an account with a real name, that would not be smart. but surely they use a purchased account at binance. either way it is a pity that cryptopia was hacked.
member
Activity: 256
Merit: 10
Given that the "hackers" were actually dumb enough to send money to Binance, police probably has a lead on who's trying to liquidate the ethers.
jr. member
Activity: 546
Merit: 4
Any exchanger Platform can be hacked, it is not new to the crypto currency market
But cryptopia has not been unable to provide legibly proof of the hack activities except for the missing etherum and tokens

What bothers me is that, how did the hackers  have enough time to cart away multiple tokens
member
Activity: 434
Merit: 10
No, there is something to be hidden. As far as I see there are manipulations by cryptopia.
These guys could simply cheat with customers and make fake hack. In reality they scammed users. Yeah, it was exit scam!
copper member
Activity: 140
Merit: 1
CryptoMarketAds
If that is truly true, I felt sorry for the exchange and most of all for the users on it. But if its not, they got it well prepared. I am glad that I make it out early due to their security issues lately. And their poor costumer service.
legendary
Activity: 2226
Merit: 1086
duelbits.com
Do you Think Cryptopia Was hacked Or They are just Trying To  Run Away with peoples money  !!

Who knows about it. It should be answered after an investigation only. However, in simple analysis, Cryptopia is quite impossible to run away with people's money. I think every exchanges will avoid the such cases that possibly kill their reputation. The sustainability of the exchange must be the priority for them, it is much more valuable than money. In this case, I assume it is purely hacked cases.    
jr. member
Activity: 226
Merit: 4
We will have to wait for the investigation how the hack happened. There are some rumors
that it was an insider job and not a hack at all. I think this time we will find out what happened
as some of the funds are already identified on Binance and frozen.
full member
Activity: 624
Merit: 101
BBOD Zero-Fee Exchange
I think cryptopia has been hacked and there is no scam from them to get away with the money.
They handling of the hack seems to be very professional and they have turned on the authorities very fast.
That is why it is hard for me to believe it is a scam.
That's what I'm thinking too since they are a registered company in NZ then it would be hard for them if this hack issue turn out to be a scam or fraud though exchange hacking is not new on crypto space because they are one of top list target for hackers.
jr. member
Activity: 602
Merit: 2
Any exchange can be broken if it does not have reliable protection. It's all very clear. Think how many new exchanges that will be blown can be hacked. So how to check the time of their safety will not work.
copper member
Activity: 266
Merit: 0
I think cryptopia has been hacked and there is no scam from them to get away with the money.
They handling of the hack seems to be very professional and they have turned on the authorities very fast.
That is why it is hard for me to believe it is a scam.
NLO
member
Activity: 448
Merit: 10
MenaPay - Crypto made easier than cash
Oh my God ! I used this exchange only once and didn't keep any money there. I'm sorry about the guys who traded on this exchange. But now is the time to scammers found quickly and the exchange will open for withdrawal. I hope that justice will prevail !
And I have many tokens on the exchange. Any exchange could have been hacked. Someone uses one exchange, someone else or several exchanges.
NLO
member
Activity: 448
Merit: 10
MenaPay - Crypto made easier than cash
Do you Think Cryptopia Was hacked Or They are just Trying To  Run Away with peoples money  !!

it is impossible to answer this question to be honest. and not just for Cryptopia but generally for any other exchange that gets hacked like this. there is always a good chance that when some exchange claims they were hacked, they would be lying and there were no hack to begin with. there isn't truly any investigation to clarify that either.
sometimes the chances are more when the exchange had some problems prior to the hack because we see them having the incentive to run away. and in case of this exchange they started showing some red flags a while ago so it is possible.
If they wanted or planned to run away with money, why should they then invest their money in the development of the exchange? Expanded staff, changed the site design?
sr. member
Activity: 812
Merit: 256
Of course it is possible to hack an exchange, a couple of exchanges have been hacked over the past years. That is why it is best not to store coins in the exchange’s wallets, we never know what will happen.
full member
Activity: 872
Merit: 120
They claimed to have reported the incident to the police so what would be great is if they published the police report to prove that it was indeed a hack and not an inside job with one employee disappearing with a shed load of ETH.


Official Police Report, the second one
http://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company
jr. member
Activity: 278
Merit: 1
simply getting the job done
Oh my God ! I used this exchange only once and didn't keep any money there. I'm sorry about the guys who traded on this exchange. But now is the time to scammers found quickly and the exchange will open for withdrawal. I hope that justice will prevail !
full member
Activity: 546
Merit: 100
I don't know how accurate it is to keep long-term money on exchange like Cryptopia.

I hope nobody gets hurt in the end. However, such attacks can damage the entire market.
legendary
Activity: 1946
Merit: 1137
Do you Think Cryptopia Was hacked Or They are just Trying To  Run Away with peoples money  !!

it is impossible to answer this question to be honest. and not just for Cryptopia but generally for any other exchange that gets hacked like this. there is always a good chance that when some exchange claims they were hacked, they would be lying and there were no hack to begin with. there isn't truly any investigation to clarify that either.
sometimes the chances are more when the exchange had some problems prior to the hack because we see them having the incentive to run away. and in case of this exchange they started showing some red flags a while ago so it is possible.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
I don't know and I am not sure about that. But it's could happen to them as they want to take attention from the traders and wants to make them to panic. I have some coins in that exchange too but it's not too big as I know that cryptopia is not a big exchange. But I am little bit worry about the hacking news that is happening on that site and I hope our account and balance will safe although we don't know how much the lost.
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