Cryptopia Cryptocurrency Platform Services and Development - page 128.

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: Labrader on January 16, 2019, 09:06:48 AM

Apparently some of the missing crypto made it's way to Binance and they were able to freeze part of it, according to CZ's tweet.

When asked what will they do with the frozen assets, CZ's answer was interesting:

Saint-loup

legendary

Activity: 2604

Merit: 2353

@xtraelv
You don't know [img height= or [img width= to reduce the size of your pics?
14 and 15 january it's old news BTW

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: trackers on January 16, 2019, 10:30:27 PM

The two owners have really solid cred in the community, but they have 100 staff so who knows...

I feel sorry for those 100 staff. Even if Cryptopia does come through this, their reputation has taken a big hit, and whilst shut down they have no revenue. At least some of the staff will have to be let go.

The unpaid mods are also going to be feeling the heat.

trackers

jr. member

Activity: 54

Merit: 2

these guys are based in my city. The two owners have really solid cred in the community, but they have 100 staff so who knows.... I talked to a SQL contractor there and he thinks its pretty suspect.

TL:DR suspect an inside job has happened. Cryptopia have gone silent and are just referring everything to the cops.

RokOrids

newbie

Activity: 28

Merit: 1

I think it's too early to talk about exit scam. Perhaps it is easier for me to talk about it, since there were no serious amounts there, but I would like to believe that in the end we will get an answer, then we will draw conclusions.

Most of all I was upset by beggars in the comments to the addresses where funds were supposedly withdrawn. "Mr. Hacker, you are such a good fellow, Mr. Hacker, give me a pretty penny .." - sycophants ... Sad

I want to believe that karma exists. No one would wish such a fate ...

xtraelv

legendary

Activity: 1288

Merit: 1926

฿ear ride on the rainbow slide

cryptopia.co.nz

https://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company

DenysM

full member

Activity: 714

Merit: 118

Today I read an article where some users claim that it could be initiated from within. Perhaps the exchange itself or someone from the employees appropriated the money for themselves. Article in Russian https://forklog.com/chast-propavshih-s-cryptopia-sredstv-obnaruzhena-na-birzhe-binance/
On January 13 there were two big transactions for $ 4 million (19,391 ETH/ 48,029,306 CENNZ). Very suspicious

target

legendary

Activity: 2282

Merit: 1041

Looks like a movie scene where a hacker cleverly took some funds by typing on the commandline Cheesy

Quote from: Labrader on January 16, 2019, 09:06:48 AM

Apparently some of the missing crypto made it's way to Binance and they were able to freeze part of it, according to CZ's tweet.

When asked what will they do with the frozen assets, CZ's answer was interesting:

Well its there already. It goes to what they say that there is nothing safe when its put online. CZ said they'd freeze the account if they can track the rest of the tokens, I wonder if they can track if its mixed already and sent to binance.

pornluver

hero member

Activity: 960

Merit: 514

Cryptopia also have a bug. They sort orders based on string value of the dates. I told support but it's not fixed.

Labrader

member

Activity: 224

Merit: 24

Apparently some of the missing crypto made it's way to Binance and they were able to freeze part of it, according to CZ's tweet.

When asked what will they do with the frozen assets, CZ's answer was interesting:

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

Quote from: pinoycash on January 16, 2019, 06:38:35 AM

In the end we want them to comeback so all users can withdraw their funds and move-on from this mess, This Forensic Investigation will take nowhere its all anonymous address and the hacker will surely laylow for now until the dust settled.

1.4 million valid email addresses and the corresponding wallet addresses both in and out...

pinoycash

hero member

Activity: 1316

Merit: 514

Quote from: RivAngE on January 16, 2019, 06:16:14 AM

Oh... so New Zealand has a Crypto-police! That's interesting... and reassuring! I wouldn't expect any serious outcome if normal police was involved, but since there's a special department for that, then there's hope for finding the truth and maybe catching the hacker.

I especially lol'd at the part of the announcement "we are also aware of speculation in the online community about what might have occurred", (obviously meaning that Cryptopia "hacked" themselves).
I guess people from their crypto-police have forum accounts here and elsewhere!

In the end we want them to comeback so all users can withdraw their funds and move-on from this mess, This Forensic Investigation will take nowhere its all anonymous address and the hacker will surely laylow for now until the dust settled.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Oh... so New Zealand has a Crypto-police! That's interesting... and reassuring! I wouldn't expect any serious outcome if normal police was involved, but since there's a special department for that, then there's hope for finding the truth and maybe catching the hacker.

I especially lol'd at the part of the announcement "we are also aware of speculation in the online community about what might have occurred", (obviously meaning that Cryptopia "hacked" themselves).
I guess people from their crypto-police have forum accounts here and elsewhere!

dablatair

member

Activity: 324

Merit: 15

Quote from: yurimir on January 15, 2019, 07:06:07 PM

I am saddened, very little hope - Crypto Exchange Cryptopia Claims It’s Been Hacked, Goes Offline After Months of Problems; Users Cry Exit Scam

https://cryptoiq.co/crypto-exchange-cryptopia-claims-its-been-hacked-goes-offline-after-months-of-problems-users-cry-exit-scam/

Hello,

Thank you for this complete article.

I heard lot of trouble with Cryptopia in the last weeks regarding the blocked wallets and many maintenance but I was really not aware of the importance of troubles and that there are so important suspiscions of malversation and fears of exit scam.

I'm almost sure that this will be the end of Cryptopia and I hope that the remained funds will be available for the users to be recovered before the end. I also hope that the stolen funds will be refurbished to users but I have really big doubts in that.

Also a sad news for lots of small projects that found a place to be listed and visible and now will be nowhere.

I strongly hope that this will be another experience that will be taken by users and other exchanges to increase security and safety of their funds.

Labrader

member

Activity: 224

Merit: 24

If the law enforcement is involved, this will not have a speedy resolution. They'll "arrest the hard drive" and things will drag, maybe there'll be people prosecuted, a trial and so on.

I'm confused about the timeline. This A person posting on their twitter, presumably the owner himself, kept reassuring users (by directly replying to their tweets) they are hard at work and it won't be long now, when they seem to have known at that time there was a security incident.

Involving the police seems, to me, as a move on their part to limit personal liability. This lack of information as well: when lawyers advise you to STFU, usually means it's in your personal interest.

Scene examination... hm... they're going to dust the USB cable for prints or what? Check for a shoeprint of the hacker eloping with the crypto in the duffel bag?

Recovering funds is just one of the priorities. Not the biggest, apparently. Which are the other priorities?

They could allow read only access to customers, in order to take snapshots of the accounts. That would be the honest thing to do.

fastcoin-ok

member

Activity: 81

Merit: 10

I think this will end like Cryptsy in 2014.
Boiled.
Forget about Cryptopia and join Tradeio. Shared profits 50%, DAILY.
Check it out:
https://trade.io/en

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: adaseb on January 16, 2019, 01:09:07 AM

Quote from: Ribbitforum on January 15, 2019, 06:46:15 PM

Quote from: Exploid on January 15, 2019, 08:07:57 AM

1) Only Ethereum is stolen
2) Even if users' coins are stolen, they might return all or most of them to their hands in order to keep their dignity.

how can they do this?

most exchange have an insurance to cover the lost when a disaster comes.I think Cryptopia will reimburse because its a security breach on there side. there website is not secured enough

Actually most exchanges don't have this insurance at all. If they did then the MtGox hack or the Bitfinex theft would of not resulted in a loss of funds.

Exchanges like Coinbase and Gemini have insurance but its for the fiat deposits. Usually nobody steals the fiat because its traceable. Usually when someone hacks someone's account, if they have fiat, they buy Crypto with it and then do a withdraw. And there is no insurance against that because once its confirmed on the blockchain its gone forever.

Either the theft is small to their reserves or they will issue a haircut for everyone like the Bitfinex hack a few years back when everyones balance was reduced by 33%.

AFAIK Binance have an insurance (safu)

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: yurimir on January 15, 2019, 07:06:07 PM

I am saddened, very little hope - Crypto Exchange Cryptopia Claims It’s Been Hacked, Goes Offline After Months of Problems; Users Cry Exit Scam

https://cryptoiq.co/crypto-exchange-cryptopia-claims-its-been-hacked-goes-offline-after-months-of-problems-users-cry-exit-scam/

Every people should read that!

It's clearly an exit scam!!!!

einsteinium

sr. member

Activity: 536

Merit: 252

Luckily for Einsteinium (EMC2), we were forced to leave Cryptopia on Jan 4th on 'First Come First Serve' basis.

EMC2 51% attack on Cryptopia started on September 23rd and lasted for 10 days!
We offered reimbursement for initial wave, but it did not work out, as Cryptopia has requested full amount of 10 days of hacking which was close to 2 Millions of EMC2.
Here is our statement on that https://bitcointalksearch.org/topic/m.48633011

FYI EMC2 implemented Komodo's Delayed Proof of Work and is now 51% attack resistant.

We all know what Cryptopia is, and that big number of coins they carry represents vulnerability, but they've been playing important part in crypto ecosystem, motherly maintaining all those coins. They also have great native UI which was fun to use, very comfortable.

It is unfortunate what happened, but keep in mind that some big exchanges went through the same.
If they manage to come back, they will come stronger and better. It is part of growing process.

We wish them all the best.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Ribbitforum on January 15, 2019, 06:46:15 PM

Quote from: Exploid on January 15, 2019, 08:07:57 AM

1) Only Ethereum is stolen
2) Even if users' coins are stolen, they might return all or most of them to their hands in order to keep their dignity.

how can they do this?

most exchange have an insurance to cover the lost when a disaster comes.I think Cryptopia will reimburse because its a security breach on there side. there website is not secured enough

Actually most exchanges don't have this insurance at all. If they did then the MtGox hack or the Bitfinex theft would of not resulted in a loss of funds.

Exchanges like Coinbase and Gemini have insurance but its for the fiat deposits. Usually nobody steals the fiat because its traceable. Usually when someone hacks someone's account, if they have fiat, they buy Crypto with it and then do a withdraw. And there is no insurance against that because once its confirmed on the blockchain its gone forever.

Either the theft is small to their reserves or they will issue a haircut for everyone like the Bitfinex hack a few years back when everyones balance was reduced by 33%.

Topic: Cryptopia Cryptocurrency Platform Services and Development - page 128. (Read 173849 times)