Topic: ⚠ ⚠ CRYPTOPIA EXCHANGE HACKED! -- REALTIME INVESTIGATION THREAD ⚠ ⚠ - page 4. (Read 763 times)
January 16, 2019, 02:23:26 PM
I always had a nervy feeling about cryptopia that is why i always tried to avoid it although the recent hack may not be their direct fault but still the blame will be on the team because they are responsible for the security.
January 16, 2019, 02:20:20 PM
this is a truly shame, an exchange went down again. this is going to end as any other time, no funds will be gathered back nor the exchange will come back online. Luckily I'm not using such shitexchanges since a few years when I dumped all my shitcoins.
LOL
January 16, 2019, 11:29:28 AM
this is a truly shame, an exchange went down again. this is going to end as any other time, no funds will be gathered back nor the exchange will come back online. Luckily I'm not using such shitexchanges since a few years when I dumped all my shitcoins.
January 16, 2019, 08:34:16 AM
I have a lot of issues with them in the past, mainly from support and transactions that take days to confirm. Cryptopia is being beaten by the new exchanges that offered lower fee and cheap listing the only reason I'm here are from a few coins I'm holding that I can only trade here.
January 16, 2019, 07:36:30 AM
Cryptopia is not a very new exchange so if the only stolen money is that ether they can cover that with previous profits. But if it is an exit scam like we all saw countless times, the exchange is gone. I hope everyone can take their tokens back.
January 16, 2019, 06:49:22 AM
First rules of crypto: NEVER LEAVE YOUR FUNDS ON EXCHANGES OVERNIGHT. USE EXCHANGES ONLY ON THE MOMENT OF TRADING NEEDS. Or, at least, do not store more funds than you can afford to lose on random exchanges.
If you do not own the keys, you do not own the coins.
Well, but if I am a trader, what should I do next? Just everybody keeps funds on exchanges, but I prefer bigger exchanges with good security like binance, okex. If you do not own the keys, you do not own the coins.
And yeah, if you have big portfolio, then I would split it between cold wallets and several exchanges!
when you put your funds on third party wallet, of which you do not own the private key nor direct control on it, you accept the risk that your coins can get lost.
If you are a daily trader my suggestion is to deposit coins when you start trading and withdrawal at the end of each trading session. If the fees are higher than your profits, maybe you even can stop doing such movements.
If you are a medium-long term investors then it feels natural to me to withdrawal coins as soon as I bought on marketplace.
January 16, 2019, 05:05:59 AM
NEW UPDATE FROM NZ POLICE: http://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company
January 16, 2019, 05:02:15 AM
First rules of crypto: NEVER LEAVE YOUR FUNDS ON EXCHANGES OVERNIGHT. USE EXCHANGES ONLY ON THE MOMENT OF TRADING NEEDS. Or, at least, do not store more funds than you can afford to lose on random exchanges.
If you do not own the keys, you do not own the coins.
Well, but if I am a trader, what should I do next? Just everybody keeps funds on exchanges, but I prefer bigger exchanges with good security like binance, okex. If you do not own the keys, you do not own the coins.
And yeah, if you have big portfolio, then I would split it between cold wallets and several exchanges!
January 16, 2019, 04:02:40 AM
We haven't seen a hack attack in a long time. However, Cryptopia is an experienced exchange. I can't figure out how accurate it is to rely on anyway. I never trust that exchange.
January 16, 2019, 03:57:09 AM
This hacker attack should open the eyes of holders how dangerous is to hold their funds on exchanges.
I know it is convenient, especially for traders but it is highly risky as we can see and we can lose our funds and could do anything against it in such situations.
I know it is convenient, especially for traders but it is highly risky as we can see and we can lose our funds and could do anything against it in such situations.
First rules of crypto: NEVER LEAVE YOUR FUNDS ON EXCHANGES OVERNIGHT. USE EXCHANGES ONLY ON THE MOMENT OF TRADING NEEDS. Or, at least, do not store more funds than you can afford to lose on random exchanges.
If you do not own the keys, you do not own the coins.
January 16, 2019, 03:53:50 AM
This is my first time that an exchange was supposed to be hacked where i have some port polio in it. Honestly i am scared right now on losing my money on that exchange. Does anybody here know on what would be the future of our money on that exchange if it is true that it was hacked?
It depends.
In the past we have seen many exchanges getting hacked. Some of those came back and refunded customers, others never got operative back ever again.
Everytime that an exchange announces that is got hacked there are two scenarios ahead:
1) possible exit scam under the excuse of an hack: in this case the service in unlikely to come back online and your funds are very likely to be lost forever.
2) If a real hack has been performed and the exchange suffered main loss from a main currency only, the minor volume altcoins should be still there. Is possible that in this case, as soon as the exchange comes back online, the non stolen coins will be returned back to their owners. Althought we still do not have any public update on this matter we can suppose that if Cryptopia want to come back operative needs to think about a possible solution to refund their customers. (such in example bitfinex did in the past with BFX tokens.)
Anyway just don't panic and keep an eye on the updates to know how to deal with your possible loss. I passed too through this shit in the past on the mintpal exit scam, but I learnt many things from that "error", just try to look at the positive side of it in the event your funds could be really lost forever.
Good luck!
January 15, 2019, 07:45:50 PM
This is my first time that an exchange was supposed to be hacked where i have some port polio in it. Honestly i am scared right now on losing my money on that exchange. Does anybody here know on what would be the future of our money on that exchange if it is true that it was hacked?
January 15, 2019, 07:35:03 PM
l8te to the buzz but good break down on the eth trail.
https://www.newsbtc.com/2019/01/15/ethereum-eth-price-plunges-as-constantinople-fork-is-delayed-due-to-security-flaw/
January 15, 2019, 06:33:31 PM
Can't find more useful informations at the moment. I will update this thread as soon as things move.
All of the funds have been moving to this address https://etherscan.io/address/0xaa923cd02364bb8a4c3d6f894178d2e12231655c and it looks like the hacker was getting more and more funds from another source because there were 28k ethereum in that wallet. 
January 15, 2019, 06:12:18 PM
This hacker attack should open the eyes of holders how dangerous is to hold their funds on exchanges.
I know it is convenient, especially for traders but it is highly risky as we can see and we can lose our funds and could do anything against it in such situations.
I know it is convenient, especially for traders but it is highly risky as we can see and we can lose our funds and could do anything against it in such situations.
January 15, 2019, 01:17:14 PM
Can't find more useful informations at the moment. I will update this thread as soon as things move.
January 15, 2019, 07:41:46 AM
l8te to the buzz but good break down on the eth trail.
January 15, 2019, 07:38:41 AM
thanks for pointing out
January 15, 2019, 07:25:46 AM
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