Cryptopia Cryptocurrency Platform Services and Development - page 85.

Labrader

member

Activity: 224

Merit: 24

What we know so far:

Code:

14.0489% BTC was lost in the January 2019 event
100% ETH was lost in the January 2019 event.
43.1986% LTC was lost in the January 2019 event

Every account that held these received a proportional reduction of balance.

It's an "event"?! The same lack of taking responsibility as was displayed from the very beginning.

And, of course,

Quote

CLM is not a coin, it can't be traded as yet, it is just a number in the database that represents the loss for each coin for each user in $NZD at the time of the event.

1CLM = 1 $NZD. The value in fiat at the market low. But we did not have fiat funds. We had crypto. We should get crypto back.

The funds were in Cryptopia custody, so Cryptopia is responsible for the loss. Not the users.

paramind22

hero member

Activity: 2730

Merit: 552

It's open for trading a lot of coins now.

almightyruler

legendary

Activity: 2268

Merit: 1092

FYI, my BTC balance went from 0.00039384 (screencapped a week ago) to 0.00033851, which is about -16% adjustment.

So it seems more than just Ether keys were stolen.

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: ankit10 on March 18, 2019, 09:40:00 AM

Quote from: RivAngE on March 18, 2019, 09:01:04 AM

Quote from: newaltcoin2017 on March 18, 2019, 06:17:08 AM

0.3 Eth converted to 51 CLM???
Oh also some BTC and LTC???

Could it be that 1 CLM = 1$?
Well I guess it will depend if the overall coin prices go higher or lower.

I don't remember many hack cases and how were they handled, but I think I know how it goes...
Whenever there's a hack on the top of the prices, the companies refund their users in cryptocoins.
Whenever there's a hack on the bottom of the prices, the companies refund their users in fiat based on the date of the hack.

I don't expect Cryptopia's case to be different.

I think the CLM coins or tokens are for just temporary. And maybe after doing all their internal research or investigation, they will refund in same coins in which they lost.
From what we are seeing they are handling and updating the situation very good

Quote

it is just a number in the database that represents the loss for each coin for each user in $NZD at the time of the event

in $NZD??, why not just call 1 ETH .. 1 ETH? I am telling you all here they are buying your coins low heheh....poloniex hack returned users in BTC slowly but surely bit by bit.

CLM? = Cryptopia Loser Money

because that's how they look upon you users "losers" and guess what, they'll let you trade that shit on their shitty platform haha, do you even know how many they can/will issue? is there a publicly verifiable blockchain to it?...it is simply called bending over a little bit lower so they can stick that cryptopia dick in you faster and deeper haha Grin

it is a BUY LOW SELF-HACK SCAM folks Wink

psycodad

legendary

Activity: 1612

Merit: 1608

精神分析的爸

LTC and BTC now removed from my "virtual" balance. And now I get eventually refunded in market prices from Jan14 - how overly generous!

From https://cryptonews.com/news/hacked-cryptopia-plans-compensation-scheme-3540.htm:

Quote

In February, the company said that "worst case 9.4% of our total holdings was stolen."

Quote

The exchange further said that “CLM is not a coin,” and that it cannot be traded yet. However, it supposedly represents the user’s loss in New Zealand dollar at the time of the hacking.

The haircut I currently see in my balance is ~21% (not amounting that i.e. LTC price doubled meantime, so I lost rather some >40%).

I expected not to get back anything from Cryptopia and so far, they really haven't disappointed me wrt this.

I don't know, but maybe we can at least expect a detailed and complete postmortem analysis on what happened, but I guess the guys are currently busy with cutting hairs of mio of customers...

jhenfelipe

hero member

Activity: 1372

Merit: 647

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.

Update --> And we've won:

ankit10

sr. member

Activity: 952

Merit: 267

Quote from: RivAngE on March 18, 2019, 09:01:04 AM

Quote from: newaltcoin2017 on March 18, 2019, 06:17:08 AM

0.3 Eth converted to 51 CLM???
Oh also some BTC and LTC???

Could it be that 1 CLM = 1$?
Well I guess it will depend if the overall coin prices go higher or lower.

I don't remember many hack cases and how were they handled, but I think I know how it goes...
Whenever there's a hack on the top of the prices, the companies refund their users in cryptocoins.
Whenever there's a hack on the bottom of the prices, the companies refund their users in fiat based on the date of the hack.

I don't expect Cryptopia's case to be different.

I think the CLM coins or tokens are for just temporary. And maybe after doing all their internal research or investigation, they will refund in same coins in which they lost.
From what we are seeing they are handling and updating the situation very good

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: newaltcoin2017 on March 18, 2019, 06:17:08 AM

0.3 Eth converted to 51 CLM???
Oh also some BTC and LTC???

Could it be that 1 CLM = 1$?
Well I guess it will depend if the overall coin prices go higher or lower.

I don't remember many hack cases and how were they handled, but I think I know how it goes...
Whenever there's a hack on the top of the prices, the companies refund their users in cryptocoins.
Whenever there's a hack on the bottom of the prices, the companies refund their users in fiat based on the date of the hack.

I don't expect Cryptopia's case to be different.

Beyerd17

full member

Activity: 826

Merit: 103

Quote from: newaltcoin2017 on March 18, 2019, 06:17:08 AM

0.3 Eth converted to 51 CLM???
Oh also some BTC and LTC???

Thats right. Congratulations!!

Oh. and by the way, your ltc is converted at about $32 per ltc. Enjoy!!

newaltcoin2017

newbie

Activity: 89

Merit: 0

0.3 Eth converted to 51 CLM???
Oh also some BTC and LTC???

four3200

sr. member

Activity: 1246

Merit: 257

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

BenTheAnonMod

jr. member

Activity: 70

Merit: 2

Quote from: four3200 on March 18, 2019, 03:44:38 AM

because your Anon behavior and pro-hair-cut sock puppets, add never publish the facts (TX the hacker generated)
reeks FOUL and suspect

>> buy low SCAM HACK..

borrow/hack
$27 LTC
$2700 BTC
$80 ETH

stall, delay, issue nzd-pegged-claims
wait for moon

repay muppets at jan2019 nzd value

better haul than 100 years of exchange trading fees.

More non sense from the exit scam spammer, you're like a broken record.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

Are the markets back now? I checked hours ago and it's not working for me.

four3200

sr. member

Activity: 1246

Merit: 257

because your Anon behavior and pro-hair-cut sock puppets, add never publish the facts (TX the hacker generated)
reeks FOUL and suspect

>> buy low SCAM HACK..

borrow/hack
$27 LTC
$2700 BTC
$80 ETH

stall, delay, issue nzd-pegged-claims
wait for moon

repay muppets at jan2019 nzd value

better haul than 100 years of exchange trading fees.

BenTheAnonMod

jr. member

Activity: 70

Merit: 2

Annnnnnd we back to exit scam comments, well it was fun while it lasted. *walks away from this thread*

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: ankit10 on March 18, 2019, 02:16:00 AM

Quote from: arielbit on March 18, 2019, 02:07:00 AM

Quote from: four3200 on March 18, 2019, 01:50:30 AM

HAIRCUTS FREE HAIRCUTS!
43.1986% LTC was lost in the January 2019 event.
14.0489% BTC was lost in the January 2019 event.

pays CLaiMs @ $27/ltc

BTC and LTC lost too? i thought only ETH and some tokens.

of course the "scam hack" will not be complete without the most valuable crypto-> BTC and a sprinkle of LTC on top Grin

Any official announcement, where they mentioned they will refund stolen funds?

They have enough fund from "listing Fees" to refund users lost fund. Cheesy

Seems like their official letter about the stolen coins is finally being sent to users.
They'll update users' accounts with "withdraws" that represent the amounts stolen and then "deposits" of something they call "Cryptopia Loss Marker(CLM)".
How this CLM will be used is unclear to me.

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=48613b3cdb50338032a664a14a9619ba

arielbit

legendary

Activity: 3444

Merit: 1061

I would like people to think about this carefully, since all eyes on cryptopia now...

let us call this a SCAM HACK for the meantime while we may come up with a better word for this in the future.

SCAM HACK can be done in three ways

1.) exit scam...runaway like cryptsy's big vern

2.) sell high SCAM HACK..remember nicehash? hack occurred december 2017 BTC peak price.
   -> ever wondered that they decided to sell your BTC's at peak price and let you mine there for the "reimbursement plan" for months/years?
   pricks didn't even buy low and refund users with BTC, instead they let you grind and sweat to mine those BTC's back, users lost time, profit and effort
hehe

3.) buy low SCAM HACK..cryptopia, hack occured january 2019 a potential bottom price of BTC..will pay users in "fiat value" in january 2019 price
   -> is cryptopia pulling this kind of shit?...it kind of reeks here

why SCAM HACK people when business is good? (for items number 2 and 3) ....GREED, business is not enough, they want more and they think they can get away with this SCAM HACK since they are "paying back" users...and they get to keep the business and keep profiting, wise ass pricks.

ankit10

sr. member

Activity: 952

Merit: 267

Quote from: arielbit on March 18, 2019, 02:07:00 AM

Quote from: four3200 on March 18, 2019, 01:50:30 AM

HAIRCUTS FREE HAIRCUTS!
43.1986% LTC was lost in the January 2019 event.
14.0489% BTC was lost in the January 2019 event.

pays CLaiMs @ $27/ltc

BTC and LTC lost too? i thought only ETH and some tokens.

of course the "scam hack" will not be complete without the most valuable crypto-> BTC and a sprinkle of LTC on top Grin

Any official announcement, where they mentioned they will refund stolen funds?

They have enough fund from "listing Fees" to refund users lost fund. Cheesy

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: four3200 on March 18, 2019, 01:50:30 AM

HAIRCUTS FREE HAIRCUTS!
43.1986% LTC was lost in the January 2019 event.
14.0489% BTC was lost in the January 2019 event.

pays CLaiMs @ $27/ltc

BTC and LTC lost too? i thought only ETH and some tokens.

of course the "scam hack" will not be complete without the most valuable crypto-> BTC and a sprinkle of LTC on top Grin

four3200

sr. member

Activity: 1246

Merit: 257

HAIRCUTS FREE HAIRCUTS!
43.1986% LTC was lost in the January 2019 event.
14.0489% BTC was lost in the January 2019 event.

pays CLaiMs @ $27/ltc

How about you give me untradeable/unwithdrawable claim checks at least worth the value on the date you informed me of your losses.

In reality generating token CLM-btc & another for CLM-ltc is equitable.

Topic: Cryptopia Cryptocurrency Platform Services and Development - page 85. (Read 173849 times)