If 14% of their total holdings was hack, How come these thieves are saying there are not enough money to cover everyone's money! they already haircut people's balance to cover the losses in the hack.
Where's the remaining 86% money own by their customers? It means they are using people's deposit to fund their operation while collecting trading fees and listing fees. IN this case, They are all thieves and scammers, IMHO they should go to jail for their actions.
Where's the remaining 86% money own by their customers? It means they are using people's deposit to fund their operation while collecting trading fees and listing fees. IN this case, They are all thieves and scammers, IMHO they should go to jail for their actions.
Indeed, according to the results of the January hacker attack, Cryptopia’s exchange did not incur financial losses, since it shifted all losses to the client’s balance sheets. (I have deducted 14% BTC and 49% LTC). What is the reason why they became financially insolvent and decided to close the exchange, taking all the remaining money?
They have running costs to operate the exchange the building people that work there server costs . when they closed for all those months they lost their customers trust so when they opened again not many people where trading so they could get income from fee's they saw the money trying to leave the exchange so they quit instead of working a little longer so everyone could have withdrawn their coins they just walked away.
Also now the liquidators are securing all coins and checking funds .. hmm ok what the hell have they been doing all these months because that's exactly what cryptopia was telling us that they where doing at that time.
