Cryptopia Cryptocurrency Platform Services and Development - page 84.

Beyerd17

full member

Activity: 826

Merit: 103

Quote from: Winstar78 on March 19, 2019, 04:53:04 AM

Quote from: almightyruler on March 18, 2019, 08:11:56 PM

I just noticed the status pages for BTC/LTC/ETH actually use the word "haircut" Shocked

https://www.cryptopia.co.nz/CoinInfo/?coin=LTC

Currency 57% secured, 43% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=BTC

Currency 86% secured, 14% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=ETH

Currency 0% secured, 100% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?

They stated they had a MAJOR LOSS OF FUNDS. What did you morons think would happen, that you would get it all back? Huh

Time to wake up!!

Most of the shitcoins are untouched, but LTC is hurt bad and ETH is killed off, BTC 14%. So yeah, probably about 10% all in all.

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: Winstar78 on March 19, 2019, 06:23:25 AM

So looks like at the end the hack was catastrophic and also cold wallet (if any) coins were stolen.

Yeah, that right there makes you wonder. This (slightly stale) news page implies that at least BTC was protected with a cold wallet (search for "cold storage") : https://www.cryptopia.co.nz/News

Possible scenarios I can think of:

0. There was no ETH cold wallet.
1. Cold wallet private keys were stored electronically, and so were accessible remotely by the hacker(s).
2. Cold wallet private keys were stored physically, but were not properly secured, and were accessed by a Cryptopia staff member.
3. For some reason, Cryptopia moved all cold wallet funds to an active hot wallet, at some point prior to the event.

somebody else

jr. member

Activity: 87

Merit: 2

This exchange earns by taking provision in BTC, LTC, DOGE for my trading.

Reimbursement for the lost coins should be made in lost coins, or at least in BTC, LTC, ETH.

If we were interested in NZD we, most of us, would have NZD, not coins and not tokens.

If exchange is interested in minimizing their losses, at the same way we clients are also interested in minimizing our losses.

The right of the clients has ALWAYS bigger priority than the right of the exchange.

Be careful in your decision of using (trading) "your" CLM cause that might be considered as accepting agreement with the exchange about reimbursement. That is my opinion, and I don't plan to use assigned me CLM now.

Winstar78

member

Activity: 365

Merit: 14

So looks like at the end the hack was catastrophic and also cold wallet (if any) coins were stolen.

in this scenario I'd be satisfied to "run away" with 86% of my BTC (I did not have eth or ltc luckily)

Labrader

member

Activity: 224

Merit: 24

Quote from: Winstar78 on March 19, 2019, 03:09:55 AM

What did I say from the beginning? HAIRCUT. H A I R C U T. The "funny" thing is, my mgo tokens (affected) have not been cut, the BTC (theorically not affected) were cut.

A lot of wallets are still offline, don't rejoice too soon.

Quote from: TheCryproMaster on March 19, 2019, 04:52:08 AM

FFS Cryptopia are not running away they're facing the problem and solving it pretty damn well so far.

What's the practical difference between running away and not running away and announcing your coins are stolen, tough luck, we've taken what was yours.

Quote from: Winstar78 on March 19, 2019, 04:53:04 AM

As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?

The percentage means the amount stolen or missing. All of your holdings in an affected coin have been reduced with that percent. For ETH, any ETH you had (100%) was removed from your account by Cryptopia.

It's a mystery how they had calculated that low amount, but obviously it's not right. Probably they converted all coins in NZD equivalent. Which is purely theorethical, as you can't practically sell that amount and not influence price. And not taking into account price movement in 2 months. ETH and LTC have increased in fiat 20% and 100%, respectively.

HardFireMiner

full member

Activity: 872

Merit: 120

Quote from: Winstar78 on March 19, 2019, 04:53:04 AM

Quote from: almightyruler on March 18, 2019, 08:11:56 PM

I just noticed the status pages for BTC/LTC/ETH actually use the word "haircut" Shocked

https://www.cryptopia.co.nz/CoinInfo/?coin=LTC

Currency 57% secured, 43% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=BTC

Currency 86% secured, 14% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=ETH

Currency 0% secured, 100% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?

Stop bringing common sense to the discussion! Can't you understand that you need to be happy they didn't flew away with all the coins and just applied you a haircut?!

Winstar78

member

Activity: 365

Merit: 14

Quote from: almightyruler on March 18, 2019, 08:11:56 PM

I just noticed the status pages for BTC/LTC/ETH actually use the word "haircut" Shocked

https://www.cryptopia.co.nz/CoinInfo/?coin=LTC

Currency 57% secured, 43% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=BTC

Currency 86% secured, 14% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=ETH

Currency 0% secured, 100% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?

TheCryproMaster

full member

Activity: 410

Merit: 106

Man the boohooers still spouting the FUD, even a blow job from a super model would have them whingeing because they cant maintain an erection.
FFS Cryptopia are not running away they're facing the problem and solving it pretty damn well so far.

Winstar78

member

Activity: 365

Merit: 14

that's not the point.

kamakura

newbie

Activity: 22

Merit: 0

Quote from: Winstar78 on March 19, 2019, 03:09:55 AM

What did I say from the beginning? HAIRCUT. H A I R C U T. The "funny" thing is, my mgo tokens (affected) have not been cut, the BTC (theorically not affected) were cut.

Who wants mgo today?

If you want gamers coin just go for ENJ

Winstar78

member

Activity: 365

Merit: 14

What did I say from the beginning? HAIRCUT. H A I R C U T. The "funny" thing is, my mgo tokens (affected) have not been cut, the BTC (theorically not affected) were cut.

HardFireMiner

full member

Activity: 872

Merit: 120

Quote from: BenTheAnonMod on March 19, 2019, 12:45:29 AM

Quote from: four3200 on March 18, 2019, 04:42:32 AM

Not a broken record.
I am a broke customer.
Someone stole all my coins 2 moons back, you claim, no proof given.
Where's me chicken?

No you're right making 20x-50x off 100% of $14M is total nonsense.
Like $Billion of nonsense.

No sunk cost even. Just $14M in I.O>U. shit tokens.
No bargaining this is the deal muppets.
LOL!
the Billion $ Haircut!

What's that stench!?
smells like ...
>> 2017 sell high customer funds run fractional reserve SCAM
>> steal BTC via double-spend SCAM ... old'malability line ... cover 2018 withdraws ... opps! still short
>> buy low SCAM HACK ... jan2019
>> issue finex ious
>> off Scot free +$1B ... 2022

----
https://www.linkedin.com/company/cryptopia-limited/people/
what scam shops look like
i don't see 80 employees
i see out sourced labor, and senior engineers/managers already posting new employers or deleting where they worked or soliciting "new opportunities" ... me fav FINmanager works @ 'undisclosed' ... yeah cuz he/they LOST $14M from the register ... and now suggest running exchange WITHOUT WITHDRAWS so to collect trade fees.
https://www.linkedin.com/in/tim-brocket-45b77177/
... bentheAnon fish freezer? https://www.linkedin.com/in/michael-dawson-794049165/ you did says they fam Wink

Why would my name be "BenTheAnonMod" if my name was Michael?

Maybe because you are payed from funds from cryptopia's "haircut" on it's clients?

FractalUniverse

hero member

Activity: 1034

Merit: 558

Quote from: somebody else on March 18, 2019, 07:41:26 PM

...
43% loss on LTC amount, and around 40-50% loss at LTC price growth ... did you calculate the total LTC loss? Did you compare your calculation with the 'token" CLM offer value?
..

LTC loss in LTC terms yes, but in current dollar value there is no loss compared to selling it in january. so my total LTC loss is relative, as Im sure i wouldnt kept them all without selling some much sooner before reaching $50 dollars price.
its very difficult for me to assess my real loss (BTC+LTC+ lost opportunity to gain by trading)
True losers are those who held ETH. but some people who didnt have affected coins may be even in good profits, as site's downtime prevented them from selling at the bottom..

HardFireMiner

full member

Activity: 872

Merit: 120

Quote from: almightyruler on March 18, 2019, 08:11:56 PM

I just noticed the status pages for BTC/LTC/ETH actually use the word "haircut" Shocked

https://www.cryptopia.co.nz/CoinInfo/?coin=LTC

Currency 57% secured, 43% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=BTC

Currency 86% secured, 14% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=ETH

Currency 0% secured, 100% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

This is hilarious and outrageous at the same time. Mind blown by crypto*scam*topia.

BenTheAnonMod

jr. member

Activity: 70

Merit: 2

Quote from: four3200 on March 18, 2019, 04:42:32 AM

Not a broken record.
I am a broke customer.
Someone stole all my coins 2 moons back, you claim, no proof given.
Where's me chicken?

No you're right making 20x-50x off 100% of $14M is total nonsense.
Like $Billion of nonsense.

No sunk cost even. Just $14M in I.O>U. shit tokens.
No bargaining this is the deal muppets.
LOL!
the Billion $ Haircut!

What's that stench!?
smells like ...
>> 2017 sell high customer funds run fractional reserve SCAM
>> steal BTC via double-spend SCAM ... old'malability line ... cover 2018 withdraws ... opps! still short
>> buy low SCAM HACK ... jan2019
>> issue finex ious
>> off Scot free +$1B ... 2022

----
https://www.linkedin.com/company/cryptopia-limited/people/
what scam shops look like
i don't see 80 employees
i see out sourced labor, and senior engineers/managers already posting new employers or deleting where they worked or soliciting "new opportunities" ... me fav FINmanager works @ 'undisclosed' ... yeah cuz he/they LOST $14M from the register ... and now suggest running exchange WITHOUT WITHDRAWS so to collect trade fees.
https://www.linkedin.com/in/tim-brocket-45b77177/
... bentheAnon fish freezer? https://www.linkedin.com/in/michael-dawson-794049165/ you did says they fam Wink

Why would my name be "BenTheAnonMod" if my name was Michael?

KriptoGuruTR

member

Activity: 564

Merit: 19

Shitty scammer topia. You are not nice...

fmz89

legendary

Activity: 1764

Merit: 1002

reimburse for the price at the time hack event, which is some ppl think is buy low scheme (except cryptopia can reimburse with same token & same number) ,like i lost in nicehash, sell high scheme, feel sory that ppl who lost

ankit10

sr. member

Activity: 952

Merit: 267

Quote from: jhenfelipe on March 18, 2019, 10:09:02 AM

WARNING: Fake Twitter Account that impersonates Cryptopia
(I know there has been a lot of warnings about this, but this account can really fool some of Cryptopia users.)

Uses same Name, Profile Picture, Banner (it's not in good quality). The only difference in username is that it uses 2 underscores and an extra i which might be missed at first glance.

Code:

@Cryptiopia__NZ
https://twitter.com/Cryptiopia__NZ

It also retweets the tweets from the Official twitter account of Cryptopia:

And actively replying to Cryptopia users who are replying on Official Cryptopia Account tweets:

I've reported the account on Twitter (selected "They’re pretending to be me or someone else" as issue). If you still see the account, please report it too and provide the Official username of Cryptopia. Thanks!

Edit: just saw that it was mentioned here as well, I wonder why the account has not been taken down by Twitter until now. Please report.

Reported 4 days ago but still, no action was taken by Twitter. We need more people to report this account.
They are retweeting original tweet and trying to contact users. New way to scam people.

almightyruler

legendary

Activity: 2268

Merit: 1092

I just noticed the status pages for BTC/LTC/ETH actually use the word "haircut" Shocked

https://www.cryptopia.co.nz/CoinInfo/?coin=LTC

Currency 57% secured, 43% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=BTC

Currency 86% secured, 14% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

https://www.cryptopia.co.nz/CoinInfo/?coin=ETH

Currency 0% secured, 100% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

somebody else

jr. member

Activity: 87

Merit: 2

Those who will trade their new "token" CLM might be considered as they were accepted agreement with Cryptopia and their refund offer valuated in NZD.

Be careful about the possible consequences of using(trading) their "token" CLM.

43% loss on LTC amount, and around 40-50% loss at LTC price growth ... did you calculate the total LTC loss? Did you compare your calculation with the 'token" CLM offer value?

I didn't have NZD, and I also want coins and tokens I bought.

Topic: Cryptopia Cryptocurrency Platform Services and Development - page 84. (Read 173849 times)