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Topic: Cryptopia Cryptocurrency Platform Services and Development - page 85. (Read 174366 times)

member
Activity: 224
Merit: 24
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.

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.

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.
full member
Activity: 872
Merit: 120
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?!
member
Activity: 365
Merit: 14
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 ?
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.
member
Activity: 365
Merit: 14
that's not the point.
newbie
Activity: 22
Merit: 0
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
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.
full member
Activity: 872
Merit: 120
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?
hero member
Activity: 1034
Merit: 558
...
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..
full member
Activity: 872
Merit: 120
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.
jr. member
Activity: 70
Merit: 2
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?
member
Activity: 564
Merit: 19
Shitty scammer topia. You are not nice...
legendary
Activity: 1762
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
sr. member
Activity: 952
Merit: 267
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.
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
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.

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.
hero member
Activity: 2786
Merit: 552
It's open for trading a lot of coins now.
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.
legendary
Activity: 3444
Merit: 1061
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
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