Cryptopia is gone? - page 5. | Bitcointalksearch.org

arpon11

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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?

This is really unbelievable! I have some units of graftcoin there and I am just hearing about this shutdown of cryptopia exchange platform for the first time. I don't know if there is a provisions for investors and traders been able to withdraw their hard earned investments funds? It is really a pity that this is happening at this time that I think cryptopia do give opportunity for those that want to makes money from the pump and dump of some coins.

coco23

hero member

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Very sad news indeed. Cryptopia was a nice exchange for many smaller Altcoins. Wuth things like this happening, To me it looks like we are entering the era of decentralized exchanges. Many of the Altcoins on Cryptopia are now almost exclusively on DEXs like Cryptobridge. Its for the better for the user as we are now in control of our own keys.

ePesoInitiative

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Activity: 924

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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.

Yeah, those New Zealand regulators don't know shit about crypto. They probably didn't know that it is possible some customers can withdraw their unstolen coins just by tallying the existing balances of each token in Cryptopia's balance sheets. It will probably happen in few months.

dunfida

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

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?

after coinsmarkets few months ago, now cryptopia gone
what next ?
and now a lot of exchange born, i hope all the new exchange will have a good security system, to prevent hacking

We dont need new exchangers yet this is already somehow saturated.When it comes to good security it is a really a must thing
but preventing completely against hacking is impossible.Just take a look on what happened on Binance even how good they are
but still they were being hacked.

Quote from: jak3 on May 15, 2019, 01:31:05 PM

I don't even understand what is happening in the market right now? Some exchange got hacked and some are closed. but still, the price is rising! the market is not making any sense. Cryptopia has a very high reputation so I do not expect anything shady from them. I hope they are going to pay all the debts to all of their users soon. they said

Quote

“Given the complexities involved we expect the investigation to take months rather than weeks.”

so just play the waiting game now.

Users wont really have any choice but to play that waiting game. Wink

erikalui

legendary

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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.

Landak

hero member

Activity: 1386

Merit: 503

this is very sad news, many victims of cryptopia were hacked and there is no money back guarantee. after previously announcing to rise again but there were no more people who believed in cryptopia and now the news is that cryptopia will be shut down (omg).
there are some users whose balance is still stored in wallet cryptopia but cannot be withdrawn, shutdown without giving access to withdrawals. really bad, and very disappointing.

zgrdyg

full member

Activity: 602

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At least i withdraw my %85 of btc after hack. I have some other coins seems didn't affect on a hack, i hope they let me withdraw them either.

It is a dark day for the crypto community.

Pamadar

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Quote from: Lakai01 on May 15, 2019, 01:20:22 PM

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.

Well, due to the fact their case is now managed by a liquidator it may now take a very long time to get access to those wallets, if they are ever unfrozen again. I am not sure who is the legit owner of wallets on an exchange, if its cryptopia they may use those wallets to cover their depts.

That's the reality that will happen just in case they've decided to pay, but for now the investigation will take some time and everything are frozen no traders can get anything inside the exchange, lesson learned from investors who's keeping huge amount of assets from any exchange not to do it anymore.

jak3

legendary

Activity: 1274

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I don't even understand what is happening in the market right now? Some exchange got hacked and some are closed. but still, the price is rising! the market is not making any sense. Cryptopia has a very high reputation so I do not expect anything shady from them. I hope they are going to pay all the debts to all of their users soon. they said

Quote

“Given the complexities involved we expect the investigation to take months rather than weeks.”

so just play the waiting game now.

arjuna BTC

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BabelFish - FISH Token Sale at Sovryn

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?

after coinsmarkets few months ago, now cryptopia gone
what next ?
and now a lot of exchange born, i hope all the new exchange will have a good security system, to prevent hacking

Lakai01

legendary

Activity: 2296

Merit: 2721

Enjoy 500% bonus + 70 FS

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.

Well, due to the fact their case is now managed by a liquidator it may now take a very long time to get access to those wallets, if they are ever unfrozen again. I am not sure who is the legit owner of wallets on an exchange, if its cryptopia they may use those wallets to cover their depts.

target

legendary

Activity: 2282

Merit: 1041

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.

puremage111

hero member

Activity: 1568

Merit: 511

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?

Topic: Cryptopia is gone? - page 5. (Read 10820 times)