Topic: [Cryptopia] ONLINE ARTICLES related to hack &theft of funds 2022 (non discussion - page 8. (Read 5740 times)

Is 'First come first serve' legal or not?

You like to keep confusing people, dont you?

Policies are not contracts !

Policies you can change any time anyhow.

Contracts consider two sides bindings.

can you show those contracts that you are talking about?

Before you list, be aware of your obligations to us to help maintain your listing.

You need to give us notice of the following:

At least 2 weeks' notice of any significant code or protocol changes for your coin, especially hard forks.
Major issues with your coin, including hacks or network problems, as soon as you become aware of them.
Any issues with deposits or withdrawals of your coin from Cryptopia.
At least 1 month's notice if you want our assistance with an air drop. Be aware that support for this is solely at our discretion.
As much notice as possible if you need to conduct a coin swap. By default we don't support coin swaps, but they may be considered on a case by case basis.
Cryptopia reserves the right to remove any coin listed in its exchange markets for violations of our listing terms. This is solely at our discretion. Reasons a coin may be eligible for delisting include, but are not limited to:

Any network issues or vulnerabilities that could be exploited. Examples include:
Low hash-rate.
Out of date code base or wallet stability issues.
Frequent issues with deposits or withdrawals (outside of Cryptopia's control).
Insufficient nodes to keep the wallet synced and network propagating transactions.
Coins which violate our terms and conditions, policies, or an applicable NZ law or regulation
Coin swaps (where we are unable to support these)
Coins without a working, reliable block explorer
Coins that fail to provide notification of mandatory updates
Abuse directed by a coin team's core community at Cryptopia or its staff.
At our discretion, Cryptopia may issue a warning for breaches of our listing terms and conditions and provide the coin team an opportunity to rectify any issue(s).

Coins issued with a delist notice will have their markets closed and there will be a 30-day notice and withdrawal period before the listing is removed. This information will be published on our coin info, delisting, and market pages and we will endeavour to email all affected users holding positive balances of the coin.

When they sent bills to developers that bill was min 10 times bigger.

Engineering is not watching the crystal ball. There are no 'hard things to do', but rather things that are either working or not.
51% is detected by software modules, monitors (and not by visually examining blocks in the chain), and they can trigger alerts.
Most coins are BTC forks so the way you set alert for one coin, you can set to all other coins.
If for whatever reason you can not set alert for specific coin, you do no list that coin, as security monitoring is essential and very basic responsibility for any exchange.
If there is no security there is no exchange.

Lets not forget, you do not have to list all those coins. It is a choice, not must!
As I said, if you do not have monitoring system for specific type of coins you do not list them.

Blaming coin devs is not the way to go.

Vertcoin (VTC), a peer to peer crypto software blockchain, recently experienced a 51% attack where the blockchain experienced four successful reorganizations.

The interesting thing about the attack is that Coinbase was commenting live about the event which gave the exchange a competitive advantage over Binance and Bittrex.

Coinbase went ahead to claim that all exchanges offering fiat based trading pairs and a wide range of assets could continue to fall victim to such attacks.

I don't understand from ths thread if BTC have been stolen too or not.

All Elite/1337 coins are still there:

https://chainz.cryptoid.info/1337/wallet.dws?32414.htm

The official public statement from Mothership regarding the recent event happened to Cryptopia.

Mothership would like to release an official statement in the wake of the Cryptopia event, which in their own words:

    14th January 2019, the Cryptopia Exchange suffered a security breach which resulted in significant losses. Once identified, the exchange was put into maintenance while we assessed damages.
     Cryptopia has notified and is cooperating with the appropriate government agencies, including the NZ Police and High Tech Crimes Unit.

As the event unfolds, Mothership stakeholders had a considerable amount of tokens on the site and have been affected by the breach with over 32 million MSP, which is about 15% of the total supply. Cryptopia has not confirmed if the tokens on their exchange have been stolen; but as a company with a large number of customers involved, Mothership ought to take proper measurements and consider the worst scenario of this event as a hacking incident.

For immediate course of actions, we have reached out to HitBTC and Lykke regarding blacklisting the stolen coins. We are also getting in touch with Cryptopia while setting up our own onchain tracking so we know where the funds move and can blacklist them ourselves.

In direct reaction to the 32 million MSP affected, Mothership has decided to carry out a token swap. Those who are in possession of their tokens will be able to simply exchange their MSP. And those who have suffered from the Cryptopia incident will be able to go through a claim process and reclaim their MSP.

We will not build a separate swap product, but implement this swap on our own exchange, so the timing of the swap will follow the schedule of our launch.

The swap and claim process, at the time of discussion, will be roughly as follow:

    People who have MSP will have to create an account on the Mothership exchange, deposit their MSP and get the same amount of new tokens on their balance;
    People who had MSP on Cryptopia will also have to create an account on our exchange and make a claim. We will then manually check each claim with Cryptopia, if they agree to cooperate, and grant the new token accordingly if the claim is confirmed as legitimate.

For the time being, those who have been affected are welcome to begin the claim process by filling out this form. Please note that the investigation is still ongoing, and we yet have to discuss the terms of cooperation with Cryptopia — meaning the likely time frame we are looking at for the swap is a few months from now. However, we would like to get to know you right away, and represent your interests as a group.

Mothership is acknowledging the severity of the Cryptopia’s breach and its consequences, but we would like to take the chance to reaffirm that Mothership will not let the event interfere with our plan to launch our own exchange. Our Chief Technical Officer and the Product team will continue as normal and any technical activities for the swap will happen AFTER launch.

As for the time being, we will get to know all the affected persons, establish communication with Cryptopia, assemble data, and map out a more detailed plan. We will of course keep you updated on our efforts of tracking the stolen coins, and for other exchanges we might issue a blacklist ourselves so it is easier for them.

We thank everyone for their support and understanding of our decisions as well as handling in the wake of the event. Any questions or comments regarding the event can be asked directly on the Mothership main Telegram group, or in the chat box on our platform.

FOR THE MENTIONED CLAIM FORM, PLEASE CLICK HERE

* For holders who do not remember the exact amount of MSP they had on Cryptopia — it’s OK — just tell us the approximate amount in the form so we can understand the magnitude of your share. We will be checking every claim with Cryptopia to confirm the precise numbers.

When will cryptopia customers be able too log in and get there coins back