Topic: Cryptopia Cryptocurrency Platform Services and Development - page 64. (Read 173234 times)

They were hacked a few months ago, many of the trading pairs are halted for trading. Also deposits and withdrawals can only be made in BTC, LTC and DOGE.

Lol the volume on shitopia is absolutely abysmal. How do like 90% of the coins trading versus BTC have 0.00 volume?

I'm sure even Binance would not be able to handle a catastrofic event with massive losses, probably resulting in a scenario that would look more like a Cryptopia case or worse.

Right its not like Cryptopia could have stored funds for events like this .. my perspective is just fine thank you  .. I highly doubt this will affect Binance in anyway they wont lose customers Cryptopia will lose lots.

You think closing in on 4 months now is reasonable ? 

The alternative .. Trust you wtf are you talking about ?

Binance may have a lot more money than Cryptopia, but there's other differences which are not money-related: transparency, engagement with the community, not hiding behind police who is ill-prepared to take on crypto matters etc.

Less than 24 hours after the event, the owner and CEO of Binance sat down in a live youtube session and explained things. Posted the TX with their stolen funds. Gave some technical explanations about the specifics of the hack. Outlined the solution, which in their case is a commendable complete assuming of responsibility and damages.

On the other hand, 4 months after the Cryptopia event we have nothing of the above, not even the TXs of the stolen funds. All of this would have been free, to share information and engage the community.

Binance has so far always been fair to the community and kept everyone close. Did you see the result? Pledges of help from other important actors in the crypto space. Who did you see pledge help for Cryptopia? No one. I think if they would have been open about what happened, took responsibility that was their to own and asked for help, the community would have helped them. But they just hid behind police bureaucrats.

Wait, someone did offer to help: it was again CZ of Binance who froze some of the presumed stolen funds.

It's a whole lot easier if one has enough funds to cover any losses that comes along. The alternative would be a nasty one, trust me. You got to try to see things in perspective, otherwise you just look like some random 12 year old bitching your head off.

The term; when Binance, might have a slightly different meaning going forward.
 

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

I am impressed by this attitude:

Cryptopia haircut - ETH = 100%, BTC = 16%, LTC=30%.

Close enough

Scam exchange vs pro exchange...

see how easily this exchange gave the address and txs of hack funds?..immediately.

https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

when pakcoin open to trade and wallet 

want an idea of what will happen to your haircuts?

here it is, buy low--sell high--pay low hehe

https://www.coindesk.com/bitfinex-pledges-buy-back-remaining-hack-credit-tokens

It's not as simple as an explorer and those addresses need to be assigned immediately etc. You don't want to have anything to do with an exchange where stuff like accounts are assigned later as that makes it hard to really lock them down to the same degree. It takes a metric shitpot of patience. However unfortunate that may be.

I work in several blockexplorer for different coins and i can sync 3 wallets simultaneously and even more if needed, So i don't see a point what's the issues they encounter when syncing a every blockchain of each wallet.

they say they have 2 Millions + accounts that needs wallet generation and i find it odd since for exchange you don't need to assign wallet address for all those 2M accounts and it can be done on demand or only for those users that need address for a certain wallet.

If they are doing the address addition manually on each account i find their system too primitive and in this case it will would take a lifetime to finish it all up.

pricktopia made a killing with those haircuts LOL

told ya  

I just have about ~50/60€ worth of random alts on the exchange so even if it should disappear it won't hit me badly, of course I can't talk for other users but I think Cryptopia will come back, many wallets can take days or even weeks to sync

Not even going to hit my outlandish calculation.
Still have a staff of 80?

What df are they doing?

I still have around $300 in USDT in cryptopia and your post is the possible worst case scenario that might happen in the coming weeks,.

On the other hand i am still clueless why they are making it hard for their members to withdraw all their assets in their platform. They always boasting BTC withdrawal is enabled but its just a smoke screen so they can further delay everything,. The number of secured coins is not moving in the past days and at this rate it would take years until they fix everything.

The obvious big nugget.

True intent, all USDT in stock have been sold at $1, with some luck once it implodes to $0.13 CRAPTOPIA^tm will buy back the units and then you will get to withdraw and buy $25K btc to escape the tether ... (but actually $2500 btc in actual dollars).

All they have to do is keep the USDT closed until it POPs!, then activate the market, and force you to exit ONLY by BTC,LTC, or DOGE.

Nothing crooked about that, amiRight?