Topic: Cryptopia Hacked. Will BTC Crash? - page 6. (Read 20080 times)
No, cryptopia is not the only exchange so that it doesn't really affect Bitcoin, only those who have assets in cryptopia will suffer losses.
Very sad news that cryptopia hacked .it can create a bad impact on bitcoin market and reputation. bitcoin market now dumping and after hacking cryptopia it would be more worser .
I've read this an hour ago but they were not telling about hacked, they were just having a maintenance. But that explains why its not more than 48 hours, I'm not sure if its true but 48 hours is definitely long.
I don't think there will be an effect in the price of Bitcoin because of this crash. Cryptopia's trading volume is not that big enough to cause panic. May if the site that was hack is among the top 5 exchange sites, maybe there will be an effect. Just look at coinmarketcap, Cryptopia is not even in the top 10 based on volume.
They are not that big but its still a good exchange knowing they are airdropping coins to old accounts.
first of all, for an exchange hack to affect bitcoin price it first needs to be a major exchange with a high volume. something in at least top 10 exchanges. Cryptopia has been such a tiny exchange. i believe it had a rank above 100 among other exchanges. such exchange getting hacked is not going to change anything at all.
second of all, Cryptopia has been acting shady for a while now and being hacked was one of the possibilities that was expected out of such exchanges. most people cashed out of it a very long time ago.
second of all, Cryptopia has been acting shady for a while now and being hacked was one of the possibilities that was expected out of such exchanges. most people cashed out of it a very long time ago.
Dont think that the fact that Cryptopia was hacked can somehow affect Bitcoin price.
Just take a look on this exchange on coinmarketcap:
Just take a look on this exchange on coinmarketcap:
- More than 800 trading pair
- Volumes are not high
- 210 place out of 233 among all the exchanges
I don't think there will be an effect in the price of Bitcoin because of this crash. Cryptopia's trading volume is not that big enough to cause panic. May if the site that was hack is among the top 5 exchange sites, maybe there will be an effect. Just look at coinmarketcap, Cryptopia is not even in the top 10 based on volume.
Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.
What another hack for real? I will have to search for this one on google if it is real and then if it does then a huge possibility that it will going to bring down bitcoin market price. The bear market has gotten long enough now since last July of the year 2017. It was being recorded at that moment for 10K USD for btc and that was also relatively good but seeing now the 3.6K and the possibility to bring down for more then it would be a disgrace for BTC and crypto market. I think they eat people money and than they say their Exchange hacked.
And this is why you do not keep your coins in exchanges, ladies and gentlemen.
I know you kind of have to, if you're actively trading, but I hope most people are smart enough not to keep their entire stash on a web-wallet/exchange.
Let's see if they're going to pay everybody back...
if this is purely a cryptopia security system error, all investor losses must be paid, if the market does not pay, the cryptopia will be left by all investors immediately I know you kind of have to, if you're actively trading, but I hope most people are smart enough not to keep their entire stash on a web-wallet/exchange.
Let's see if they're going to pay everybody back...
Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.
I think they eat people money and than they say their Exchange hacked.
Well, there are $13M lost, i don't think this will affect bitcoin because the hack was for ETH, CENNZ and DAPS. At end $13M will not move the markets, last time when we see the crash (from $6500 to $4000) it was because of 200k btc. So, don't spect a hard crash this time.
Source: https://www.reddit.com/r/Cryptopia/comments/ag75rs/cryptopia_hack_analysis_min_13000000_stolen/
Early 2018 exchange hack would've sent prices tumbling; near bottom bear market shows you that the news is ultimately irrelevant, and all previous dumps were whales playing whale games.
Of course not.
It seems like $2.5 million of ETH went missing plus a few other bits and bobs. That's a drip in the ocean. Cryptopia has been a piece of shit since it was stampeded during the bubble and never recovered. No one other than the small number of people left on there will miss it.
It seems like $2.5 million of ETH went missing plus a few other bits and bobs. That's a drip in the ocean. Cryptopia has been a piece of shit since it was stampeded during the bubble and never recovered. No one other than the small number of people left on there will miss it.
This kind of news about exchange hacking is have big impact to all people who have account in that exchange because there are tendency that their fund will lose or their entire token will be gone. Talking about the bitcoin it will not crash so we do not need to worry.
And this is why you do not keep your coins in exchanges, ladies and gentlemen.
I know you kind of have to, if you're actively trading, but I hope most people are smart enough not to keep their entire stash on a web-wallet/exchange.
Let's see if they're going to pay everybody back...
I know you kind of have to, if you're actively trading, but I hope most people are smart enough not to keep their entire stash on a web-wallet/exchange.
Let's see if they're going to pay everybody back...
It's sad, but it won't affect BTC.
First of all, the news are out so whatever effect it would have, it's priced in now... and there wasn't any movement.
As for the stolen coins, it seems they are Ethereum and ERC20 tokens only (https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae)
First of all, the news are out so whatever effect it would have, it's priced in now... and there wasn't any movement.
As for the stolen coins, it seems they are Ethereum and ERC20 tokens only (https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae)
It's very regrettable, cryptopia has a lot of fans and also a lot of coins and tokens that list there
First Crypto Hack Of 2019
https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/
First Crypto Hack Of 2019
https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/
How many times that exchanges got hacked? is there something new that we can think of? there's almost no effect with the said hack. The price of the crypto market didn't even crashed.
It's still stabilizing and why it should crash? unless the hackers start to dump all of the coins that they bought. And these hacks can't be also be said as real penetration because on the history, there were some hacks done as inside job.
It's still stabilizing and why it should crash? unless the hackers start to dump all of the coins that they bought. And these hacks can't be also be said as real penetration because on the history, there were some hacks done as inside job.
Damn. Another chaos begins.
https://www.coindesk.com/new-zealand-crypto-exchange-cryptopia-goes-offline-citing-major-hack
https://www.coindesk.com/new-zealand-crypto-exchange-cryptopia-goes-offline-citing-major-hack
What. Just when the market is recovering. How are they're supported altcoins going to secure their tokens now?
A big security breach at the start of 2019.
Holy moly.
I don't think BTC will crash just for this hack, hacks are happening almost every week, BTC is stronger to sustain that, but I am wondering if the members will get back their investment of not.
If Cryptopia can come with such a sad news that their system is been attack by hacker then i don't know what exchange to trust now .. When its come to digital world the most important thing to notice is security .. If such a big Exchange platform like cryptopia is been hacked how come the small exchange .. I really agree with you .. they have mistake used poeple crypto asset and Now they claim that , their system is under attack ..
Damn. Another chaos begins.
https://www.coindesk.com/new-zealand-crypto-exchange-cryptopia-goes-offline-citing-major-hack
if this is true, then this is the first bad news I heard at the beginning of the year. well, i don't know whether this is true or not. however, if this is true, I think this is really something bad. I think Cryptopia is a good exhcanger. I have done transactions there. well, but maybe this will affect the price of bitcoin again. https://www.coindesk.com/new-zealand-crypto-exchange-cryptopia-goes-offline-citing-major-hack
Jump to: