Topic: Cryptopia Cryptocurrency Platform Services and Development - page 94. (Read 173849 times)

You have lot's of media reporting hacked for the 3rd time.

Why not communicate DO NOT SEND TO OLD ADDRESSES on homepage JAN 15.

Re: HYIP 102 - Typical scammers playbook

Steps from the typical scammers playbook

Step 1) Build Relationships of Trust,Gain the trust of the people, the bigger the audience the more backers you'll have. The more backers you have, the more people will trust you....rinse and repeat until you are a "trusted person" or in this case a "trusted admin".

Step 2) Divert and blame, Create a third party diversion. e.g. We can't operate in the US anymore. e.g. our servers went down and we are having issues. Our processor has frozen our account, and there is nothing we can do. The government where we are is restricting our business.. Make sure the blame is on the third party so the trust is not broken that was gained in Step 1. Its all their (the 3rd party's) fault and we are helpless to do anything. Pick a believable target to blame such as a government, payment processor, technology etc..and transfer all blame to the diversion.

Step 3) Reinvent, Announce that the only way the program can continue is if we start a new company, a new program or restrict operations in certain countries (e.g. we can no longer accept US citizens). We can only operate in a certain country now. This allows the person to take the most of the funds away and reset the books so to speak. Typically this is where the admin or trusted individual says we are starting over better and stronger than ever before so we don't have the same mistakes that happened in Step 2(Divert and Blame).

Step 4) The BIG Take, Because everyone really trusts you as the "trusted person" or "trusted admin" they are able to take a large number of people into a new program. Since the first program was paying on time and so well, they think I am not missing out and I will dump in more money this time. Everyone is super excited and hyped that a new launch is occurring that is supposed to solve all the problems. Everyone is super excited because they missed getting in early last time, so this time they want to go ALL In. Large deposits are then made typically into the new program which the scammer wants and has planned for in "The Big Take"...This is where scammers make the most money. They are willing to go through all the steps 1-3 just to get to this "Big Take" step. It's the big haul. Its where people can really get burned badly. This is where you hear stories where people dumped their life savings or retirement money in and got badly burned.

Step 5) The Disappearing Act, you are all too familiar with what this one is..self explanatory.

If someone steals private keys and people keep depositing into the compromised address then that is not getting hacked again. Crypto balances are kept on the blockchain. Once someone has a private key all transfers happen on the blockchain not the wallet.

Claiming that it is "another hack" shows lack of understanding about how public and private keys work.

It is clear that Cryptopia management had access to servers and understand of what was taken on Jan13-15, police may have arrived and sealed the area off for a day or so, but likely had executives and key techs on-sight at "the scene" the whole time.

From the police statement in Jan, reads that "Cryptopia will reopen before Feb14"; meaning not get access to the building, but open the business for business.  Such a statement would suggest Cryptopia management had been assisting on-site, working with police, but police also working with Cryptopia management on a timely/safe re-opening.

That means a working plan to reopen ON Feb14.
That means securing funds that you have before Feb14.

Or at least publish what is lost ON Feb14 not March4. 

Cryptopia acting like you all had not a single clue as to what is what and what do we have and not have UNTIL Feb15.

Is an insult.

Read your own tweets.  Read the police tweets.  Your important "guys" were in the loop and in the building long before Feb15.

Also ... you have had scammer Twitter accounts prey on your clients.  Because you can't manage to update the website and post OFFICIAL channels.

Also ... hacked for the 3rd time?  No comment?

Also ... hacked for the 3rd time?  No comment?

....and if you had read the rest of the links in my post you would have realized why they were onsite to assist the police. http://www.legislation.govt.nz/act/public/2012/0024/latest/DLM4355803.html

"Cryptopia managers are onsite" -Feb 7

1) cryptopia covers losses <- best option, it HAS to cover if can
2) haircut <- NO if 1) is possible
3) lawsuit to try to obtain 100% <- stupidest option if 2) is possible.

Just a clarification:

I am not saying I want an haircut. The haircut is only better of bankrupcy, in case of cryptopia could not cover losses, in that case moving, for example, a lawsuit to try to squeeze the lacking 10% and resulting to a fund seizure (for all) for years. I am only over thinking or thinking to far future because I've seen all this already happen, not much time ago.

1) cryptopia covers losses <- best option, it HAS to cover if can

2) haircut <- NO if 1) is possible

3) lawsuit to try to obtain 100% <- stupidest option if 2) is possible.

They are seeing the implication of being silent all this time and now they decided to keep everyone in the loop on what they are doing.  Im assuming top coins are being secured first then hopefully they will allow withdrawals on those 24% secured wallet

Another update on Twitter: We have transitioned 24% of all wallets to our new secure servers.  Once the read only site is online, we will be keeping users up to date on which wallets have been checked and secured via the coin info page.
https://twitter.com/Cryptopia_NZ/status/1101275730372059136?s=17

New secure server LoL 😂

The company is liable 100% to the creditors, this includes people having coins on the exchange.

The company yes but does the company have enough value to cover the losses. Is cryptopia worth 20 mln after this ?
The shareholders im talking about is the people that own  cryptopia there is a list of them their shares can go to zero but I highly doubt they are running a personal risk.

This haircut BS is being peddled by users. No one from the exchange has mentioned a haircut (yet). So it's baffling that people are asking for a haircut. Or are trolls sent to get us acquainted with the idea.

If you are not a troll, then it's plain stupid on your part to ask for a haircut. You, as users, should oppose any haircut.

Cryptopia afaik has never said anything about haircuts. There are many ways to move forward and be a win-win for everyone.

Who remembers Bitfinex hack? They paid back what they owed with the BFX token and with shares. This is crypto after all, it allows creative solutions that benefit everyone.

The company is liable 100% to the creditors, this includes people having coins on the exchange.

This haircut BS is being peddled by users. No one from the exchange has mentioned a haircut (yet). So it's baffling that people are asking for a haircut. Or are trolls sent to get us acquainted with the idea.

If you are not a troll, then it's plain stupid on your part to ask for a haircut. You, as users, should oppose any haircut.

covered by what ? either they have insurance or they dont u cant get blood from a stone or are the shareholders liable ? im sure there is some small print that saves them from taking any personal losses.

I hope that this "everyone takes a 10% haircut" bullshit goes away thats not even possible for most coins on there that are pretty much illiquid dead with no real buy support so that would be a very uneven haircut