Cryptopia exchange hacked - page 15.

crzy

full member

Activity: 2128

Merit: 180

Quote from: trader34 on January 19, 2019, 04:37:04 PM

There have been so many exchanges hacked in the past year, Cryptopia is just the last one.

I think that the market has a need for practices for greater security and greater guarantees to open up to mass adoption and to the common investor.

Those of the previous hacked I think is just an inside job which is possible in every crypto exchange. More security is a must, so the investors will have the peace of mind to keep the money on the exchanges. I hope for that this will be the last and hope that bigger exchanges learn from this.

Bloodseekers

full member

Activity: 807

Merit: 150

Quote from: TheClownSong on January 19, 2019, 02:46:06 AM

I think cryptopia still running the bussiness in the future. Its just police investigation and i think cryptopia doing a transparant way. Its very risky store our coin in exchanger wallet because exchanger more vulnerable to hack. Better keeping our coin in our wallet and secure the private key

I agree with you, i also dont store my coin in exchanges excpet whan to sell it, or trading it. And i only trading short term term, also i choose popular exchange like binance. Even in the future cryptopia still running, but this negative news will effect on trust. For me im not using cryptopia anymore

bp124

member

Activity: 264

Merit: 11

I heard about this a some days ago and i was shocked because cryptopia is one of the exchange platform that host the cryptocurrencies of most masternode owners. So i can imagine the amount of monies crypto enthusiasts have lost through this hack. I heard Binance has also frozen some accounts that seems to have transferred some funds from Cryptopia pending some clarifications. Let's hope the users on cryptopia gets some amount of refund

Dondisimo

member

Activity: 406

Merit: 10

Storage security is perhaps the most important aspect of investing, especially if you are using a long-term strategy. Therefore, you need to protect your wallet as much as possible and never trust anyone with your passwords, then the probability that you will be hacked by hackers will decrease, although this is not 100%.

minhlee95

full member

Activity: 527

Merit: 101

DIA | Data infrastructure for DeFi

I've always found hackers to be very smart guys who have an excellent grasp of all information security systems. Therefore, our task as investors is to protect our investments as much as possible and to choose only proven reliable wallets. Then the possibility that something negative will happen to your coins is minimized.

trader34

member

Activity: 434

Merit: 38

There have been so many exchanges hacked in the past year, Cryptopia is just the last one.

I think that the market has a need for practices for greater security and greater guarantees to open up to mass adoption and to the common investor.

Inosend

copper member

Activity: 299

Merit: 1

I got the hacked message couple of days back but although I'm yet to login and check my coins I just hope I'm safe.

GreatBug

sr. member

Activity: 629

Merit: 252

I read somewhere that this is not the end. They lost several million USD, but this will not cause their total collapse. Probably the case is thoroughly examined by the police, and after the investigation is completed, the exchange is ready to start working again.

Eclipse2021

member

Activity: 209

Merit: 60

Oh,look! 2019 started perfectly and another exchange is gone I assume with all the money in the exchange. I wonder if they can retreat the coins back as the rules in NZ are very severe regarding to cryptos so the CEO might serve prison for sure if they don't recover the funds or at least this is what the articles write about this unfortunate problem.

Spider A4

full member

Activity: 657

Merit: 100

Quote from: figmentofmyass on January 17, 2019, 11:58:55 PM

Quote from: pityunbent on January 17, 2019, 09:08:20 PM

How much was stolen from the hack?

there are no official numbers. cryptopia refuses to release that info, citing the police investigation. but circumstantial and blockchain evidence point to $10 million+ USD equivalent, most of which seems to have been ERC-20 tokens (dentacoin, metal, trueUSD, etc): https://finance.yahoo.com/news/cryptopia-alleged-hack-police-case-200800523.html

We don't know exactly how many different coins hacked. I know a lot of coins which only traded specially in cryptopia even valuable & coinmarketcap top ranking coin. Given below list is only ERC-20 token:

1. Dentacoin
2. KyberNetwork
3. MobileGo
4. Bonpay
5. OmiseGo
5. Indahash
6. IvyKoin Public Network Tokens
7. Metal
8. Tenxpay
9. ZRX
10. Unibright
11. Ethbits

Canoppo99

member

Activity: 334

Merit: 15

First 100% Liquid Stablecoin Backed by Gold

I also need to withdraw my money that I have sent to cryptopia. Maybe I am also a victim, I have some btc there but I can't withdraw it, this is very strange. In this case efforts to avoid cybercrime such as use strong password, keep software updated or even strengthen home network is useless. This is a major security breaches that we cannot avoid. I hope cryptopia can find the hacker and get the money back.

UmerIdrees

hero member

Activity: 2464

Merit: 877

Quote from: TheClownSong on January 19, 2019, 02:46:06 AM

Quote from: ynatopak14 on January 19, 2019, 01:25:06 AM

When will CRYPTOPIA be open again or will they still be going to open in the future?
It seems they need to upgrade their security and make sure that the hacking will never happen again.
I am one of the user with many coins on the exchange of CRYPTOPIA.

I think cryptopia still running the bussiness in the future. Its just police investigation and i think cryptopia doing a transparant way. Its very risky store our coin in exchanger wallet because exchanger more vulnerable to hack. Better keeping our coin in our wallet and secure the private key

Yes, cryptopia was a good exchange and it was one of the best exchange for low volume coins. Many people say that cryptopia hack is an insider job which is feel is not correct. If it was insider job, they would not have involved the NewZealand police to investigate the theft.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: ynatopak14 on January 19, 2019, 01:25:06 AM

When will CRYPTOPIA be open again or will they still be going to open in the future?
It seems they need to upgrade their security and make sure that the hacking will never happen again.
I am one of the user with many coins on the exchange of CRYPTOPIA.

I think cryptopia still running the bussiness in the future. Its just police investigation and i think cryptopia doing a transparant way. Its very risky store our coin in exchanger wallet because exchanger more vulnerable to hack. Better keeping our coin in our wallet and secure the private key

ynatopak14

full member

Activity: 458

Merit: 112

When will CRYPTOPIA be open again or will they still be going to open in the future?
It seems they need to upgrade their security and make sure that the hacking will never happen again.
I am one of the user with many coins on the exchange of CRYPTOPIA.

TradingIsBreath

newbie

Activity: 28

Merit: 0

Quote from: pugman on January 15, 2019, 06:16:25 PM

What the hell?

Ugh, can we ever get an exchange that allows you to have your own keys? EVER? Jesus fucking Christ, we only need more reasons to show people how things change.

Is there any word on whether or not the lost funds would be compensated to its users?

It is better to use non-custodial exchanges. Where your wallet private key is with you. Regretting after the loss has no point. I prefer using CoinSwitch.co as they are non-custodial exchange also they have 350+ coins listed and 45000 coin pairs.

mithon2017

member

Activity: 476

Merit: 10

it is really sad news. but everyone should be careful. hacker is big problem of block chain technology. it is harmful on our minds. everyone should be careful your wallet. before exchange , check your other options. always choose other methods for storing crypto.

Burogh

member

Activity: 644

Merit: 10

COVIR.IO

Its bad for beginning year. I am reading in few online media that the coin lost worth more than $12million and its bad for cryptocurrency. Hopely with this incident, others exchange increasing their security and its better for crypto investor holding their coin in their own wallet and not store in exchanger wallet

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Gary Levanevskii on January 16, 2019, 11:39:27 AM

I hope that after this situation, other exchanges will be better towards cybersecurity. The risk of hacker theft is one of the reasons why some people do not keep money on the exchange and do not actively trade.

I am sure they already doing whatever they can to secure the coins of most of their clients since being hacked is terrible publicity not only for the exchange that was hacked but for exchanges in general, but it is not easy since exchanges are a big business and they need to interact with their clients which means that a hacker has hundreds of opportunities to try to get control of at least one computer in their network and try to get to the money from there.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Supremacy1 on January 18, 2019, 04:23:10 AM

It is sad , I pity those fund that involved , that is why it is advisable not to keep coin u are not selling on exchange , better to get an offline wallet to avoid story that touched

While CZ saved and frozen all of those reported fund that went to Binance.

He adviced the other thing, I wont keep any good amount of crypto to any exchange. And Ive been doing this for years, thanks to the advice of people here who have been quite awhile in the forum.

BitBite5

member

Activity: 210

Merit: 40

It's a big risk if you keep your funds on exchange. You never know when such incident can occur and when they do then you worry again if your funds will be refunded. Don't ever keep on a exchange more than you need for current trading and split your funds among different exchanges, that is one way to mitigate the risk.

Topic: Cryptopia exchange hacked - page 15. (Read 4179 times)