Author

Topic: Cryptopia Cryptocurrency Platform Services and Development - page 136. (Read 173849 times)

legendary
Activity: 3136
Merit: 3213
Beware of Fake Cryptopia APPS.

There are no real Cryptopia APPS.

Make sure to check that the site address is spelled correctly: https://www.cryptopia.co.nz & ENDS in .co.nz
full member
Activity: 386
Merit: 101
Answer of cryptopia

"Thank you for contacting Cryptopia Support.

Our recent Aurum Coin investigations have concluded that the AU network was victim to a 51% attack. We are in contact with the AU team and are trying to reconcile the resulting issues, will provide further updates in the near future.
We appreciate your patience while we work to resolve the resulting issues.

Kind regards,
Olivia"

Lafu are you from cryptopia at all?


Lafu is a volunteer chat moderator for Cryptopia.

He is correct. Cryptopia did not get hacked. The Aurum coin network had a 51% attack. This happens when an attacker has more hashrate than the coin network and the attacker uses this to exploit the coin network.

The network nodes confirm that transactions have taken place but the attacker replaces this part of the chain  with their privately mined chain which causes it to reject the previously confirmed transaction - resulting in "reversed transactions" and lots of orphan blocks.

I explained it here: https://bitcointalksearch.org/topic/how-does-a-double-spend-51-attack-work-explanation-and-examples-5035336

It has happened to a number of POW coin networks recently. It occurs when the coin network maintains insufficient network hashrate to protect against such an attack. The attacker didn't "hack" the coin network. Instead they exploited the low Aurum coin network hashrate and effectively took over the Aurum blockchain during the attack.
The attacker controlled over 51% of the hashrate which over-ruled the legitimate publicly mined transactions by the honest miners.

Coin networks can avoid this by ensuring algorithm and reward parameters such to entice sufficient hashrate. They can also implement checkpointing and other technological countermeasures.

When a coin network falls victim to a 51% attack it is neither immutable nor decentralized.

The most notorious recent 51% attack was the one on the bitcoin gold network which resulted in Bitcoin Gold being delisted from Bittrex.

Cryptopia also have an explanation in their knowledge base:
https://supportcryptopia.service-now.com/csm?id=kb_article&sys_id=91fc54cddbfc2b0052d2ef728a961948
Do not agree, if I buy in cryptopia they are responsible, they could manage the nodes. Bring me back my AurumCoins!
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
Answer of cryptopia

"Thank you for contacting Cryptopia Support.

Our recent Aurum Coin investigations have concluded that the AU network was victim to a 51% attack. We are in contact with the AU team and are trying to reconcile the resulting issues, will provide further updates in the near future.
We appreciate your patience while we work to resolve the resulting issues.

Kind regards,
Olivia"

Lafu are you from cryptopia at all?


Lafu is a volunteer chat moderator for Cryptopia.

He is correct. Cryptopia did not get hacked. The Aurum coin network had a 51% attack. This happens when an attacker has more hashrate than the coin network and the attacker uses this to exploit the coin network.

The network nodes confirm that transactions have taken place but the attacker replaces this part of the chain  with their privately mined chain which causes it to reject the previously confirmed transaction - resulting in "reversed transactions" and lots of orphan blocks.

I explained it here: https://bitcointalksearch.org/topic/how-does-a-double-spend-51-attack-work-explanation-and-examples-5035336

It has happened to a number of POW coin networks recently. It occurs when the coin network maintains insufficient network hashrate to protect against such an attack. The attacker didn't "hack" the coin network. Instead they exploited the low Aurum coin network hashrate and effectively took over the Aurum blockchain during the attack.
The attacker controlled over 51% of the hashrate which over-ruled the legitimate publicly mined transactions by the honest miners.

Coin networks can avoid this by ensuring algorithm and reward parameters such to entice sufficient hashrate. They can also implement checkpointing and other technological countermeasures.

When a coin network falls victim to a 51% attack it is neither immutable nor decentralized.

The most notorious recent 51% attack was the one on the bitcoin gold network which resulted in Bitcoin Gold being delisted from Bittrex.

Cryptopia also have an explanation in their knowledge base:
https://supportcryptopia.service-now.com/csm?id=kb_article&sys_id=91fc54cddbfc2b0052d2ef728a961948

https://i.imgur.com/p3EprSQ.png
https://archive.fo/6BNAw

Coins listed on Cryptopia have ongoing obligations to remain listed outlined here:
https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=5d7482d2db9e9bc032a664a14a96199f

It includes:

Quote
You need to give us notice of the following:
Major issues with your coin, including hacks or network problems, as soon as you become aware of them.

Quote
Is your protocol and consensus mechanism secure? We may decline coins we think are vulnerable to 51% attacks.

Quote
Be aware of our delisting policy and your ongoing obligations:

Cryptopia reserves the right to remove any coin listed in its exchange markets for violations of our listing terms. This is solely at our discretion. Reasons a coin may be eligible for delisting include, but are not limited to:

Any network issues or vulnerabilities that could be exploited. Examples include:
Low hash-rate.


Reason to delist:
https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=b8aa010ddb452b80d7e096888a961934

Quote
The following criteria are required to be met by coin projects at the time of the listing:
 
Active and visible development team with at least two contacts given to Cryptopia (Lead Developer and CEO or Marketing Representative).

Quote
Below is a list of factors that are being constantly reviewed by our Cryptopia Service Delivery Team that may result in a token/ coin being delisted:

The token/ coin no longer meets our listing criteria.
A loss of, or poor communication between coin teams and our Cryptopia Listing Team.
Project is abandoned, *e.g.: No visible coin team, no working block explorer, no active updates on code repo, or no working website.
The token's/ coin's blockchain becomes compromised or there exists a possibility to be compromised based on hash rate, namely a 51% attack.
full member
Activity: 386
Merit: 101

OMG Announcement from AurumCoin
a total of 15,752.26 AU is missing from Cryptopia’s wallet

IS THIS TRUE? YES OR NO?

Just fake news !


It is not True.

Cryptopia wasn't hacked or something else !

The wallet was placed into maintenance while we investigate network issues.
Thank why don't you give to withdraw the coins?
Are you official represent cryptopia? Why they not say this on Website?
Maybe who knows about this stolen coins hide this from you? Is it possible?
Answer of cryptopia

"Thank you for contacting Cryptopia Support.

Our recent Aurum Coin investigations have concluded that the AU network was victim to a 51% attack. We are in contact with the AU team and are trying to reconcile the resulting issues, will provide further updates in the near future.
We appreciate your patience while we work to resolve the resulting issues.

Kind regards,
Olivia"

Lafu are you from cryptopia at all?
full member
Activity: 386
Merit: 101

OMG Announcement from AurumCoin
a total of 15,752.26 AU is missing from Cryptopia’s wallet

IS THIS TRUE? YES OR NO?

Just fake news !


It is not True.

Cryptopia wasn't hacked or something else !

The wallet was placed into maintenance while we investigate network issues.
Thank why don't you give to withdraw the coins?
Are you official represent cryptopia? Why they not say this on Website?
Maybe who knows about this stolen coins hide this from you? Is it possible?
full member
Activity: 386
Merit: 101

OMG Announcement from AurumCoin
a total of 15,752.26 AU is missing from Cryptopia’s wallet

IS THIS TRUE? YES OR NO?

Just fake news !


It is not True.

Cryptopia wasn't hacked or something else !

The wallet was placed into maintenance while we investigate network issues.
Thank why don't you give to withdraw the coins?
Are you official represent cryptopia? Why they not say this on Website?
legendary
Activity: 3136
Merit: 3213

OMG Announcement from AurumCoin
Cryptopia exchange was hacked, a total of 15,752.26 AU is missing from Cryptopia’s wallet

IS THIS TRUE? YES OR NO?

Just fake news !


It is not True.

Cryptopia wasn't hacked or something else !

There was a 51% on the Coins Network !

The wallet was placed into maintenance while we investigate network issues.

If i get more Info i will let you know , or just look at our News Page for new Information !
full member
Activity: 386
Merit: 101
cryptopia : let us withdraw our AU coins!
legendary
Activity: 3136
Merit: 3213
We are pleased to announce support for the upcoming Magnet (MAG) coin swap. MAG is undergoing a coin swap to the PIVX codebase.
 
All old MAG balances held on Cryptopia by 12 November 2018 will be swapped 1:1 to the new Magnet (MAG).
 
Please complete any MAG deposits and trades on Cryptopia before 12 November 2018 at 2:00 AM (UTC) for them to be credited and swapped to the new coin. Any transactions after this time may not be credited.
 
Old MAG transactions will not be supported after 12 November 2018.
 
Cryptopia will implement the new MAG wallet and credit users with 1 new MAG coin for every 1 old MAG coin once we've completed our swap process. We will provide further updates as they become available.

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=7eb0d4e8dbe1a780d7e096888a961908
full member
Activity: 686
Merit: 100
Your account has been frozen as we are entitled to freeze any account under our terms and conditions (Section 4.3 https://www.cryptopia.co.nz/Home/Terms#4)
 
To assist us with this process please reply and provide the following:
 - Photo ID
 - You holding this ID
 - You with a page with a handwritten note that says  "Beam me up Scotty"
 - Proof of address
 
Kind regards,
Helen




*******************************************************************************************************************************




There is a clear delay of my ticket. I sent everything to them on the 4th of October. Sense of asking for something again?
Just write txid of your 27btc equivalent alt transactions. By doing this you can get a support of people.
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
I have investors miners. Which make deposits in my wallets. I trade on these coins and bring them to btc. These are such snickering uncles. With no place to put money and they buy farms. Only they cannot set them up and they don’t know how to use the exchanges either. And I, in turn, will help with the selection of video cards and the withdrawal of profits. For this, I take my commission. But since the amount of the deposit was equivalent to 27 btc. I promised they would be clean 25 btc. All the above is my commission. They transferred funds and are still waiting for their 25 btc.

Support cryptope, too, has repeatedly said. But from them ignore. I have 2 options. Either return 25 BTC. Or return the deposit back. None of this is done.


The answer from the support every day is the same:
Thank you for waiting patiently. Wait still. and it's all.

So these coins are all newly mined coins ? Which coin ?
newbie
Activity: 11
Merit: 0
I have investors miners. Which make deposits in my wallets. I trade on these coins and bring them to btc. These are such snickering uncles. With no place to put money and they buy farms. Only they cannot set them up and they don’t know how to use the exchanges either. And I, in turn, will help with the selection of video cards and the withdrawal of profits. For this, I take my commission. But since the amount of the deposit was equivalent to 27 btc. I promised they would be clean 25 btc. All the above is my commission. They transferred funds and are still waiting for their 25 btc.

Support cryptope, too, has repeatedly said. But from them ignore. I have 2 options. Either return 25 BTC. Or return the deposit back. None of this is done.


The answer from the support every day is the same:
Thank you for waiting patiently. Wait still. and it's all.
member
Activity: 328
Merit: 27
Until now, my account has not been unblocked. And since that time, the value of the coin has fallen by 25%. And nobody will return this money to me. It seems to me that they simply do not have such a sum. So by any means they try to keep money at their place and minimize their losses. Account has been locked for 3 weeks. The reasons so far I have not heard. If it is not unblocked by the end of the month, it can be considered a scam exchange.


At the time of the deposit, the equivalent was 27 BTC. At the moment, coins are worth less than 19 BTC.


That sounds terrible. Sorry to sound skeptical but from your post history it is a newbie account exclusively posting on this thread claiming that they froze 27 BTC.

I'd believe it if you posted the transaction from the block explorer here. Am I right in believing that this isn't your only account on bitcointalk ?

What coin ? I asked before. What is the transaction ID ?

It is hard to believe a newbie account that only posts in this thread and sends 27 BTC  to an exchange that has a couple of million users and is the only one having trouble and refuses to provide any proof.

Fishy funds more likely. I remember this guy posting here not long ago, then he evaded every question. Why was the account blocked in the first place?  Roll Eyes
jr. member
Activity: 37
Merit: 2
Until now, my account has not been unblocked. And since that time, the value of the coin has fallen by 25%. And nobody will return this money to me. It seems to me that they simply do not have such a sum. So by any means they try to keep money at their place and minimize their losses. Account has been locked for 3 weeks. The reasons so far I have not heard. If it is not unblocked by the end of the month, it can be considered a scam exchange.


At the time of the deposit, the equivalent was 27 BTC. At the moment, coins are worth less than 19 BTC.


That sounds terrible. Sorry to sound skeptical but from your post history it is a newbie account exclusively posting on this thread claiming that they froze 27 BTC.

I'd believe it if you posted the transaction from the block explorer here. Am I right in believing that this isn't your only account on bitcointalk ?

What coin ? I asked before. What is the transaction ID ?

It is hard to believe a newbie account that only posts in this thread and sends 27 BTC  to an exchange that has a couple of million users and is the only one having trouble and refuses to provide any proof.
newbie
Activity: 11
Merit: 0
Until now, my account has not been unblocked. And since that time, the value of the coin has fallen by 25%. And nobody will return this money to me. It seems to me that they simply do not have such a sum. So by any means they try to keep money at their place and minimize their losses. Account has been locked for 3 weeks. The reasons so far I have not heard. If it is not unblocked by the end of the month, it can be considered a scam exchange.


At the time of the deposit, the equivalent was 27 BTC. At the moment, coins are worth less than 19 BTC.
legendary
Activity: 2268
Merit: 1092
If it is not confirmed then it is not on the blockchain.

Quote
Bitcoin Confirmations. Roughly every ten minutes, a new block is created and added to the blockchain through the mining process. This block verifies and records any new transactions. The transactions are then said to have been confirmed by the Bitcoin network.
https://www.buybitcoinworldwide.com/confirmations/


You're choosing to be anal rather than addressing the actual issue: that Cryptopia has allegedly charged a customer a 0.0005 withdrawal fee, but then only paid 0.00000515 to the network.

It does sound odd, I admit. So let's get some proof.

vuli1, did the transaction end up confirmed? Can you post the txid as proof of the fees?
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
mah, BTC withdraw fee  0.000500 and it take 6h already and counting. 30 blocks passed still 0 confirmation.
but blockchain say fee is 0.00000515 BTC

I don't get it. If it has 0 confirmations how does the fee show on the blockchain ?

? Several block explorers show details for unconfirmed transactions... including fees.

https://www.blockchain.com/btc/unconfirmed-transactions

If it is not confirmed then it is not on the blockchain.

Quote
Bitcoin Confirmations. Roughly every ten minutes, a new block is created and added to the blockchain through the mining process. This block verifies and records any new transactions. The transactions are then said to have been confirmed by the Bitcoin network.
https://www.buybitcoinworldwide.com/confirmations/
legendary
Activity: 2268
Merit: 1092
mah, BTC withdraw fee  0.000500 and it take 6h already and counting. 30 blocks passed still 0 confirmation.
but blockchain say fee is 0.00000515 BTC

I don't get it. If it has 0 confirmations how does the fee show on the blockchain ?

? Several block explorers show details for unconfirmed transactions... including fees.

https://www.blockchain.com/btc/unconfirmed-transactions
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide
mah, BTC withdraw fee  0.000500 and it take 6h already and counting. 30 blocks passed still 0 confirmation.
but blockchain say fee is 0.00000515 BTC

I don't get it. If it has 0 confirmations how does the fee show on the blockchain ?
jr. member
Activity: 238
Merit: 3
mah, BTC withdraw fee  0.000500 and it take 6h already and counting. 30 blocks passed still 0 confirmation.
but blockchain say fee is 0.00000515 BTC
Jump to: