Cryptopia exchange hacked - page 12.

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: mr.relax on February 23, 2019, 04:25:43 AM

snip-
Cryptopia is responsible for information at least, and they fail again.
That makes me also think about the possiblility of the hack as an inside job.

Probably funds of their clients are there in wallet account in cryptopia but ain't sure if they will be able to accommodate all requested refund.
That was also in my mind and I smell that the hacking incident was inside job. I think people out there still doubted on that exchange and we can't blame them. Probably it takes a year(s) before they can build again a trust or more worst no one can trust that exchange.

mr.relax

hero member

Activity: 1651

Merit: 863

Yes the future is decentralized.
But in fact no other exchange with volume had provided that huge range of altcoins.
An no decentralized one too...so this was not yet an alternative.
Again, not the users are to blame.
Cryptopia lost the funds they kept for their users. And they dont even talk to the victims.
They have the responsability.
We all know, they wont be able to refund all and now.
But I kept funds there that were probably not stolen.
And I want to know whats with my money.
Cryptopia is responsible for information at least, and they fail again.
That makes me also think about the possiblility of the hack as an inside job.

adamvp

hero member

Activity: 1246

Merit: 708

trading is a very risky thing, we should use our brain to lower risk - for example not to keep money on centralised exchange - or keep lower amount and use leverage
We should move to the decentralised exchange!

condoras

legendary

Activity: 3038

Merit: 1104

This is what I do. I drink and I know things.

Quote from: scrollerz on February 20, 2019, 12:10:44 PM

It seems to me that the funds of the users are always lost, and in fact, Cryptopia has nothing to say. This shows how risky it is to keep funds in your account.

Without having funds in both currencies (or any currency), you can't trade and that's a fact. Period.
As mentioned before i would also lke to see a more professional and "straight forward" approach from them.

Let's see if they will do it in the near future...

scrollerz

newbie

Activity: 10

Merit: 0

It seems to me that the funds of the users are always lost, and in fact, Cryptopia has nothing to say. This shows how risky it is to keep funds in your account.

mr.relax

hero member

Activity: 1651

Merit: 863

Not the users are to blame if the exchange got robbed.
You cannot trade without having funds there.
Sure I try not to leave huge amounts on an exchange. but if you dont only exchange to fiat or vice versa, but do daytrading,
you are exposed to the risk.
This has nothing to do if your account is registered(verified).
I expect some words from cryptopia.
They dont explain what happened in detail and they dont explain what they plan to do now.

If I buy anything at a shop in the web and they cant deliver, they send me an email straight.
Who do cryptopia think they are, that they dont even contact their customers.

Thats below any common behaviour. SHAME ON YOU

Zalaster

member

Activity: 308

Merit: 13

If you keep your funds on the account, you can lose them, so you must use the services without registering. This reduces risk.

mr.relax

hero member

Activity: 1651

Merit: 863

Transparency and Communication is what I want.
Why is there not a single email from cryptopia.
I have to check twitter and whatever to find out what mybe is going on.
If someone keeps and destroys my cash, at least I want to hear some words from the guy...
Its a shame, there is no letter of excuse to the users.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

Quote from: Lanatsa on February 16, 2019, 07:52:55 AM

Wont really be that easy for making compensation into those users who are mainly affected on the hack.If they wont like to ruin their reputation then they would really need to consider this step and continue
on what they had started.If not, then i dont see for people to trust them again.

Why people trust them, as what they have done to their valued clients and hopefully their funds back. I don't think so if cryptopia have a reputation since start they are a shitty exchange I've known. A bunch of customer complaint regarding their exchange and now they were hacked by no valid reason either inside job. So, what next? Another victim on them.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: figmentofmyass on February 15, 2019, 04:13:09 PM

Quote from: examplens on February 14, 2019, 04:45:47 PM

whether this is a positive signal?

"Update: The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen."

source: https://twitter.com/Cryptopia_NZ/status/1096158617022201856

they probably have some tough choices to make. unless some miracle happens and they can repay the debt from their own capital, they need to figure out how to get solvent (by deducting losses from user balances). figuring out how to socialize the losses when they support a million different shitcoins won't be easy!

Wont really be that easy for making compensation into those users who are mainly affected on the hack.If they wont like to ruin their reputation then they would really need to consider this step and continue
on what they had started.If not, then i dont see for people to trust them again.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: examplens on February 14, 2019, 04:45:47 PM

whether this is a positive signal?

"Update: The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen."

source: https://twitter.com/Cryptopia_NZ/status/1096158617022201856

they probably have some tough choices to make. unless some miracle happens and they can repay the debt from their own capital, they need to figure out how to get solvent (by deducting losses from user balances). figuring out how to socialize the losses when they support a million different shitcoins won't be easy!

Bitze

legendary

Activity: 1638

Merit: 1042

yes finally there is an update again. doesn't sound bad in my opinion.
it is definitely very important to play with open cards. so from cryptopia and also the police. to leave the people in the unknown would not be okay.

examplens

legendary

Activity: 3444

Merit: 3469

Crypto Swap Exchange

whether this is a positive signal?

"Update: The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen."

source: https://twitter.com/Cryptopia_NZ/status/1096158617022201856

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: harizen on February 14, 2019, 12:00:05 PM

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

Im still wondering how they will cover the loss.

Damn! Still crossing my fingers that they will reopened soon and once they resumed their service, I will immediately withdraw all my coins there. (My tokens are not listed on those stolen coins list but we all don't know if that will also be the case for unmentioned coins).

The losses might be small enough that private investors might compensate victims in exchange for company equity. That's definitely the hail mary everyone should be hoping for -- a replay of the Coincheck aftermath where everyone was repaid the fiat value of their coins. If they're in the middle of negotiations, that would explain the delay. They might also be busy figuring out how to best apply a haircut to user accounts to account for the losses.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: examplens on February 14, 2019, 12:39:21 PM

Quote from: harizen on February 14, 2019, 12:00:05 PM

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

Im still wondering how they will cover the loss.

Damn! Still crossing my fingers that they will reopened soon and once they resumed their service, I will immediately withdraw all my coins there. (My tokens are not listed on those stolen coins list but we all don't know if that will also be the case for unmentioned coins).

I was lucky, I had a very small amount of other coins. I'm not sure whether they had found all bugs and the omissions. I guess so if they reopen trading and logging, people will just go to withdraw his funds and leave until next better time. That's why I guess it will not be a soon continuation of work there.

Hope they get back online soon =)

Fingers crossed that not too many funds are gone

examplens

legendary

Activity: 3444

Merit: 3469

Crypto Swap Exchange

Quote from: harizen on February 14, 2019, 12:00:05 PM

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

Im still wondering how they will cover the loss.

Damn! Still crossing my fingers that they will reopened soon and once they resumed their service, I will immediately withdraw all my coins there. (My tokens are not listed on those stolen coins list but we all don't know if that will also be the case for unmentioned coins).

I was lucky, I had a very small amount of other coins. I'm not sure whether they had found all bugs and the omissions. I guess so if they reopen trading and logging, people will just go to withdraw his funds and leave until next better time. That's why I guess it will not be a soon continuation of work there.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

Im still wondering how they will cover the loss.

Damn! Still crossing my fingers that they will reopened soon and once they resumed their service, I will immediately withdraw all my coins there. (My tokens are not listed on those stolen coins list but we all don't know if that will also be the case for unmentioned coins).

HippiePyro

full member

Activity: 490

Merit: 107

A non technical guy in a technical world

I hope they reopen soon. That was my favorite exchange. I didnot have funds there, thankfully.

Naida_BR

member

Activity: 980

Merit: 62

Quote from: Bitze on February 12, 2019, 05:15:06 AM

i don't have any funds on Cryptopia myself. but feel with everyone involved
and it just shows again how important it is to manage the funds yourself Lips sealed

it's exciting to see what the police are gonna do here.

Sometimes it is impossible to manage them yourself. Especially, if you are involved in daily trading you have to store some of your cryptocurrencies/tokens at the exchange. It is a time saver and you can make the trade instantly leading to better buying prices and bigger selling prices. Exchanges need to take better security measures to protect their clients.

condoras

legendary

Activity: 3038

Merit: 1104

This is what I do. I drink and I know things.

Quote from: ?? on ??

Quote from: Bitze on February 12, 2019, 05:15:06 AM

i don't have any funds on Cryptopia myself. but feel with everyone involved
and it just shows again how important it is to manage the funds yourself Lips sealed

it's exciting to see what the police are gonna do here.

Quite a long time the company’s website remains offline and no single update neither through website nor social media accounts. Indeed very poor practice...

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline! Details : https://cointelegraph.com/news/new-zealand-police-say-cryptopia-is-ready-to-resume-trading-but-platform-remains-offline

Assuming that crytopia it’s not ready yet even after police clearance!

Even if their investigation is over that doesn't mean that the company is or can be 100% ready to restart. That's a fact for all the companies, crypto related or not.
We can all make assumptions (positive or negative) but the truth is that only them can clarify what they will do.

I'm sure that they know that we want our funds back in full, no matter how much is the amount.

Topic: Cryptopia exchange hacked - page 12. (Read 4122 times)