Cryptopia is gone? - page 3. | Bitcointalksearch.org

fullhdpixel

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Quote from: puremage111 on May 15, 2019, 12:34:28 PM

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

WellI guess that is what they mean, they just couldn’t get solution or help after the hacking. Initially after they opened their platform to trading, I thought the problem was already solved, but seems users were no longer encouraged to use them which made their volume to drop. It is so sad for their users, and most especially people like you that have your funds in their wallet.

I just hope that this same thing will not happen to Binance, because this was exactly the same part cryptopia followed too. Hackers have really done very big damages to this Cryptocurrency industry, and I do hope that there will be a solution to end the era of hackers completely.

nik009

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Quote from: puremage111 on May 15, 2019, 12:34:28 PM

I don't get what they mean
They liquidated so they are saying that
the exchange shut down

Cryptopia enters liquidation, it means a longer-term investigation and low chances to get your funds back, the exchange couldn't recover from ~~fake~~ january hack.

wheelz1200

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Quote from: puremage111 on May 15, 2019, 12:34:28 PM

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

Essentially yes. When liquidators come in everything is locked and it's up to the liquidators to pay back the account holders. How that is done whether everything or partial is up to them. I hope you did not use topia as a main wallet, this will happen over and over again
Just keep your coins local and when you have to trade, deposit in, buy coin, then insta withdraw. It cuts your risk down to a minimum

vycl87

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Quote from: puremage111 on May 15, 2019, 12:34:28 PM

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

They didn't work after the last hack incident. I think, unfortunately, they won't pay back investment right now also. Let go cryptopia. There is no benefit from it anymore. I've found a good one already. I am using a new exchange name is Prixbit. There is a huge trading contest ($400K). You may look at it also.

shinratensei_

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Quote from: eagleman on May 16, 2019, 10:43:46 PM

Quote from: erikalui on May 16, 2019, 01:29:27 PM

Quote from: eagleman on May 16, 2019, 12:14:45 PM

Yes, there will be an investigation that go up to months just to be sure with that. What are the coins that you left there? it's already a long time when many had warned to pull out your funds there.

Cryptopia never told users to remove their funds and it was only recently when they enabled bitcoin withdrawals while altcoin withdrawals had not started. I have CAPP, COR and few other coins that are still having live trading markets but now won't be able to get them back ever.

I mean that warning that anyone shouldn't store most of your tokens/altcoins on any exchange including cryptopia.

Sorry with those lost you've made, I guess that you don't put any hope of retrieving them again because of the situation that they are dealing with right now.

Not only him but i aware about that awareness but as traders and like me just try to put an order to catch the pump and that's why we are leaving some of our altcoin there.
But this just a little money and im not feeling sad to lose it.
Majority of traders are leaving some of their amounts in the exchange site to catch the top price and then they can buy back it again at the bottom price. We don't know if that happened.

eagleman

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Quote from: erikalui on May 16, 2019, 01:29:27 PM

Quote from: eagleman on May 16, 2019, 12:14:45 PM

Yes, there will be an investigation that go up to months just to be sure with that. What are the coins that you left there? it's already a long time when many had warned to pull out your funds there.

Cryptopia never told users to remove their funds and it was only recently when they enabled bitcoin withdrawals while altcoin withdrawals had not started. I have CAPP, COR and few other coins that are still having live trading markets but now won't be able to get them back ever.

I mean that warning that anyone shouldn't store most of your tokens/altcoins on any exchange including cryptopia.

Sorry with those lost you've made, I guess that you don't put any hope of retrieving them again because of the situation that they are dealing with right now.

The Sceptical Chymist

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Quote from: arjuna BTC on May 15, 2019, 01:25:21 PM

after coinsmarkets few months ago, now cryptopia gone
what next ?

Well I thought Binance was going to bite the dust with their recent hack, but they turned out to be solid. Every other time I've read about a big hack or security breach on a crypto exchange, it's turned out to be the death knell for them.

I never used Cryptopia, but I'm familiar with the name just from reading about them on this forum, and if they just went under....that's not good. Not good for anyone.

Quote from: erikalui on May 16, 2019, 01:29:27 PM

Cryptopia never told users to remove their funds and it was only recently when they enabled bitcoin withdrawals while altcoin withdrawals had not started.

That is definitely not cool and it just goes to show how this is still the wild west as far as crypto exchanges go. I predict in 10 years from now, assuming bitcoin and altcoins are still around, that there are going to be only 2-3 big exchanges and that they're going to be tightly regulated.

playboy654

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Quote from: puremage111 on May 15, 2019, 12:34:28 PM

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

everything goes all in your mindset if you think the cryptocurrency field will not been going well then it seems like the same that your thoughts is going but if you had the concerned about the future then it will definitely go and perform well in the future that is the difference between the mind set.

erikalui

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Quote from: eagleman on May 16, 2019, 12:14:45 PM

Yes, there will be an investigation that go up to months just to be sure with that. What are the coins that you left there? it's already a long time when many had warned to pull out your funds there.

Cryptopia never told users to remove their funds and it was only recently when they enabled bitcoin withdrawals while altcoin withdrawals had not started. I have CAPP, COR and few other coins that are still having live trading markets but now won't be able to get them back ever.

eagleman

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Quote from: puremage111 on May 15, 2019, 12:34:28 PM

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

You can just read the message from the website if you will visit them.
https://www.cryptopia.co.nz

Quote from: puremage111 on May 16, 2019, 08:12:27 AM

Damn
from what i read, they need few months to discuss whats the next move

Hope they will return partial of my coins
Although its not that much, but still precious

Yes, there will be an investigation that go up to months just to be sure with that. What are the coins that you left there? it's already a long time when many had warned to pull out your funds there.

Mux@

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Even when Cryptopia resumed working after the hack, not all trading pairs and tokens were put into operation. For this reason, I still could not get my money back. And now a new blow - Cryptopia is closed again! Now it looks like it's forever. I hope that the team Cryptopia still return customer funds!

dodziu

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Cryptopia is not my favorite exchange because i had lost funds to hackers through their weak security that made hacker to trade off my BCH despite my unsatisfaction with this company, i must say that they will not hold or denial you of your withdrawal without any reason.
They must have giving out several notice through email before such steps can be taking.

moynul2050

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I am no longer interested in talking about this exchanger, I have experienced an adverse event on this exchanger, therefore I no longer follow the development of this exchanger, let this exchanger go quietly.

puremage111

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Damn
from what i read, they need few months to discuss whats the next move

Hope they will return partial of my coins
Although its not that much, but still precious

Vektrum

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I liked this exchange and I kept some amount in different coins on the balance in my account at the time of the breaking of the exchange. When they resumed access to their accounts, I thought that they would soon open the opportunity to deposit and withdraw coins, so I don’t understand why they gave up and decided to close completely. There were also many options to stay in the work.

kronos123

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In reality, it is as if he had never opened; they tried but they lost the trust of the users who tried to withdraw in bulk and in doing so the administrators were "forced" to officially close and declare bankruptcies, probably too many withdrawal requests.

This unpleasant episode for some we hope will serve as a lesson for many other new users:

IF YOU DON'T HAVE YOUR PRIVATE KEYS, YOU DON'T HAVE YOUR COINS!

albon

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Due to lack of interest in the security aspect of the Cryptopia platform, This platform has already died after this hacking in January, Which had a severe loss of 15 million dollars, I think Cryptopia if it want to satisfy its customers after they lost confidence in its platform, they have to open the withdraw for all Cryptopia platform customers, after they have finished closing the gaps of the platform, They work slowly and i think it will require months and not weeks, I hope the New Zealand police will be able to find the hackers group that caused these huge losses to the platform and made the users of the platform in utmost concern because of losing their money.

tomahawk9

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Quote from: erikalui on May 16, 2019, 01:40:06 AM

Quote from: tomahawk9 on May 15, 2019, 03:58:35 PM

Quote from: erikalui on May 15, 2019, 02:46:46 PM

I just read it and WTH. They won't allow users to withdraw their altcoins which haven't been hacked? How can they just shut down. I have funds worth 0.03 BTC or even more on the exchange.

The Press release on their website says this:

"The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations."

By "company's obligations" they probably meant paying off whatever amount in crypto a customer had on the exchange before shutting down (as well as settle the outstanding claims made by creditors, employees, shareholders, etc). The whole process could take months, even more, so you might want to sit tight and wait for a long time for the whole thing to resolve to see if you can get your coins back.

They can't just shut down as the balance many users had in their accounts were not hacked and forget about paying the hacked funds to customers, they did not even give us our own money. Unlike Binance that paid users even though they got hacked and that too in a week.

Yes, they can. Any company that files for liquidation will immediately cease any type of activity in order for assets to remain freezed before the liquidation process begins.

And unlike Binance, Cryptopia didn't have a SAFU which, according to Binance, are funds that will be used for any type of emergencies suchs as the exchange getting hacked and/or users cryptos stolen.

christian07

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Cryptopia scam or hack by others so i think many users worldwide don't like that so they don't use this anymore then this will spread so this turn dead trading site in no time because no more users and investors use their site another thing security here are all users want like our money is safe by that so they not trusted that's why they can really turn gone

CryptoBry

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Quote from: target on May 15, 2019, 12:45:25 PM

It wouldn't be fair if they just close without giving their users the time to withdraw their funds. From everything I've seen, thats how it works.
They'd tried to revive the exchange, to see them coming back after the hack is something positive. Its still got some way to go of course but without a fighting chance, they may close. I'm not sure what they exactly mean on their announcement but my understanding is that the Liquidator Grant Thornton will act on their behalf probably they will continue its operation.

They chose not to open the withdrawal process maybe because a lot of user accounts were affected by the hack and so it is possible that your account may have zero -- nothing remained in there. Unlike Binance, Crytopia did not establish a fund that can mitigate any successful hack and that is why this exchange is officially dead. Let's hope that the receiver can equitably distribute what belongs to its users. Crytopia was short of a vision and anticipation while they are aware that they are in an industry that is in danger everyday as hackers are evolving to be sophisticated and innovative in their jobs.

Topic: Cryptopia is gone? - page 3. (Read 10820 times)