Reopening already?!?
Cryptopia might reopen in February, NZ Police says
https://www.newsroom.co.nz/2019/01/30/422537/cryptopia-might-reopen-in-february-nz-police-says
Topic: Cryptopia has been in "maintenance" for the last 14 hours! - page 4. (Read 1586 times)
The question I have is:
how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds?
I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police.
how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds?
I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police.
The only significant exchange hacker that I know who's been traced is the bloke who is alleged to have hacked Gox and laundered it through BTC-e. That's not proven yet and it was a long time ago.
There've been some smaller people like the Mintpal guy. I'm not sure if anyone's been repaid from that but the police were trying to reunite people with their money.
The only other people I've heard of who've been caught were linked with dark market exit scams and no one is getting any money back from them.
As for Coincheck, Bitstamp, Bitfinex and plenty of others - nothing.
Quote
Cryptopia management and staff have been co-operating with Police and providing considerable assistance in the investigation.
If Cryptopia's management was actually behind this hack, they'd not be cooperating with the police at this time due to fear of being jailed. I still think that Cryptopia's bad security caused this hack, not the Cryptopia's bad intentions.
The question I have is:
how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds?
I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police.
Quote
Cryptopia management and staff have been co-operating with Police and providing considerable assistance in the investigation.
If Cryptopia's management was actually behind this hack, they'd not be cooperating with the police at this time due to fear of being jailed. I still think that Cryptopia's bad security caused this hack, not the Cryptopia's bad intentions.
The question I have is:
how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds?
I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police.
Cryptopia is hiding behind the announcements of the police.
I'd not be so sure about that; according to police:
On top of that one shitty exchange "Mercatox "asking for money to stop hacker to sell stolen funds in their exchange. However, they denied that their representative is involved in this conversation. Still not a good sign. 
https://twitter.com/boxmining/status/1088631767504805889
https://twitter.com/boxmining/status/1088631767504805889
It seems like they really have no shame; one-of-its-kind shamelessness, literally.
On top of that one shitty exchange "Mercatox "asking for money to stop hacker to sell stolen funds in their exchange. However, they denied that their representative is involved in this conversation. Still not a good sign.
https://twitter.com/boxmining/status/1088631767504805889
https://twitter.com/boxmining/status/1088631767504805889
Cryptopia is hiding behind the announcements of the police.
They fucked all the users money.
Thats unprofessional.
How can you loose access to your keys?
Dammed amateurs.
They fucked all the users money.
Thats unprofessional.
How can you loose access to your keys?
Dammed amateurs.
That implies the thief has full control over all those funds and always has and Cryptopia has none.
According to that - https://twitter.com/notsofast/status/1090280631077167105 that's what happened, though I've no idea how the Tweeter knows.
It still doesn't make any sense. They should have backups everywhere.
I doubt the police cyber-crime division even knows how to secure and sweep wallets.
Lets hope they sweep the remaining un-hacked wallets into a police wallet at least or get the right people to deal with it well assuming that cryptopia has the keys ...
Lets hope they sweep the remaining un-hacked wallets into a police wallet at least or get the right people to deal with it well assuming that cryptopia has the keys ...
I'm more surprised that Cryptopia doesn't tell them how to do it, or why don't they notify every user (if it's true that the wallet address is refilled by the users) about the hack. Seems like Cryptopia's game over will come very soon.
Some people must be automining and set the address to cryptopia did not know there was a hack and keep sending funds to those wallets which get sweeped, that said the hackers are doing the sweeping since Cryptopia isn't ...
I'm quite sure that there'd not be that many miners sending their Ethereum (a total of 1675 ETH) to Cryptopia. This looks like a fresh sweep by hackers, and literally, shame on police for not taking good care of the remaining un-hacked wallets.
Your right not 1675 Eth worth, the police are not known for being speedy at anything that said ...
"more than 5,000 wallets that had already been drained in the original hack, but have since been topped up, apparently by Cryptopia users unaware of the breach."
I doubt the police cyber-crime division even knows how to secure and sweep wallets.
Lets hope they sweep the remaining un-hacked wallets into a police wallet at least or get the right people to deal with it well assuming that cryptopia has the keys ...
https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm
Some people must be automining and set the address to cryptopia did not know there was a hack and keep sending funds to those wallets which get sweeped, that said the hackers are doing the sweeping since Cryptopia isn't ...
I'm quite sure that there'd not be that many miners sending their Ethereum (a total of 1675 ETH) to Cryptopia. This looks like a fresh sweep by hackers, and literally, shame on police for not taking good care of the remaining un-hacked wallets.
Some people must be automining and set the address to cryptopia did not know there was a hack and keep sending funds to those wallets which get sweeped, that said the hackers are doing the sweeping since Cryptopia isn't ...
Quote
A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this.
Incompetent police.
Cryptocurrencies makes these situations really difficult. They can be sent globally without permission, so the stolen money is literally gone. It's impossible to recover if secured correctly by the hacker. Binance was able to freeze some of the funds, but it may also be a jurisdictional nightmare to recover them. The investigation spans multiple countries -- New Zealand, Malta (Binance), the countries where any other involved exchanges operate from, the country where the hacker's VPN servers were operated from, the hacker's country of residence, etc.
Plus, you could withdraw up to 5,000 NZD daily without verification on Cryptopia. Since their specialty was low-value coins, they probably have loads of unverified accounts. If Cryptopia can't return to operating normally, that further complicates returning funds to their rightful owners.
The Cryptopia Hack Is Not Over, Another 17K Wallets Drained - Report
https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm
If the hackers have really managed to hack the remaining wallets again, I'd say that it should be New Zealand Police's duty to pay for that. They stopped Cryptopia from providing the updates, and clearly mentioned that:
Incompetent police.
https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm
If the hackers have really managed to hack the remaining wallets again, I'd say that it should be New Zealand Police's duty to pay for that. They stopped Cryptopia from providing the updates, and clearly mentioned that:
Quote
A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this.
Incompetent police.
That implies the thief has full control over all those funds and always has and Cryptopia has none. I don't get how that's possible. The thief could certainly have them at the same time. How do you entirely hijack wallets? Do they not have backups?
The Cryptopia Hack Is Not Over, Another 17K Wallets Drained - Report
https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm
If the hackers have really managed to hack the remaining wallets again, I'd say that it should be New Zealand Police's duty to pay for that. They stopped Cryptopia from providing the updates, and clearly mentioned that:
Incompetent police.
https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm
If the hackers have really managed to hack the remaining wallets again, I'd say that it should be New Zealand Police's duty to pay for that. They stopped Cryptopia from providing the updates, and clearly mentioned that:
Quote
A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this.
Incompetent police.
There should be some info from cryptopia, what had been stolen.
I like to know what of my coins there are gone.
If and how to get access to the funds.
Its understandable they cannot straight reactivate the website if safety is not set up new.
But they should inform about whats now and whats next.
I like to know what of my coins there are gone.
If and how to get access to the funds.
Its understandable they cannot straight reactivate the website if safety is not set up new.
But they should inform about whats now and whats next.
From the aspect of customer service, they definitely should. However, Cryptopia seems to be hiding behind the police investigation in order to bide time. They probably haven't figured out their next move. A depositor bailout by new investment is possible. So is a general haircut or bail-in style situation like the Bitfinex hack, where they determined how much was lost in USD value and socialized the losses to all users. They're probably also hoping for more information about what was frozen at Binance and how much might be recovered. All of this stuff takes time to figure out, and they can't affirmatively say who still owns what at their exchange.
There should be some info from cryptopia, what had been stolen.
I like to know what of my coins there are gone.
If and how to get access to the funds.
Its understandable they cannot straight reactivate the website if safety is not set up new.
But they should inform about whats now and whats next.
In my prediction this is they exit scam not hack from someone outside but they are doing this perfect scam looks like hack.No response from the cryptopia team and what they are going to do further.People who kept their funds in that shady funds need to know that they lost it forever. I like to know what of my coins there are gone.
If and how to get access to the funds.
Its understandable they cannot straight reactivate the website if safety is not set up new.
But they should inform about whats now and whats next.
There should be some info from cryptopia, what had been stolen.
I like to know what of my coins there are gone.
If and how to get access to the funds.
Its understandable they cannot straight reactivate the website if safety is not set up new.
But they should inform about whats now and whats next.
I like to know what of my coins there are gone.
If and how to get access to the funds.
Its understandable they cannot straight reactivate the website if safety is not set up new.
But they should inform about whats now and whats next.
Can't imagined how will Cryptopia will deal on these.
They're doomed if they don't have any funds on another wallet. It will be impossible for them to return the amount of money lost and continue their business. At the very least, I hope customer can get their money back. Didn't really matter whether they continue running their business or not, there are other exchanges out there.
https://cryptonews.com/news/after-cryptopia-hack-2-000-wallets-still-might-be-at-risk-re-3247.htm
Aside from the list of confirmed wallets hacked, other tokens with a total worth of $3M USD is also included. I even accept that some of my tokens there already on doomed. Im now trying to move on from this case and hoping a good progress. Can't imagined how will Cryptopia will deal on these.
https://etherscan.io/address/0x9007a0421145b06a0345d55a8c0f0327f62a2224
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