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Topic: Cryptopia trading of non existing coins (Read 2554 times)

brand new
Activity: 0
Merit: 0
November 27, 2017, 07:31:40 AM
#24
So what's up? considering you are not responding to the post nor to the private message I presume:

- You have struck a deal and are being partially compensated
- You have finally decided to follow up on your dream on becoming a herder (goats)
- You went all in on electroneum and now are beyond broke

and so forth.... just assuming here obviously..

Later!
member
Activity: 196
Merit: 15
February 28, 2018, 10:02:45 AM
#23
Cryptopia didn't give your coins back?
sr. member
Activity: 249
Merit: 250
November 02, 2017, 02:57:51 PM
#22
Still not resolved? Either their support sucks or scam stalling for time!
sr. member
Activity: 448
Merit: 258
November 01, 2017, 10:57:43 PM
#21
Any update brother? 100K is still stinging in my eye, as i have also lost considerable amount in this forum and when today BTC is 7,000$ then it might be a 46-50k $ loss and yours will be even more.
I feel angry even more when i see people like vyustautak ( spectrocoin & Bankera CEO ) scamming people here with 150+ BTC and living life like a innocent man. I will suggest you to take legal action against Cryptopia and do update us about the status.
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 12, 2017, 05:02:43 PM
#20
and up
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 11, 2017, 10:37:04 AM
#19
This reminds me of fractional reserve banking. For all you know, they could be insolvent. Posting primarily to keep watch for new developments.

I know they got hit and to me, it seems an insider was involved who exactly knew how the system will behave. Best prove is DOT got hit as well.
legendary
Activity: 2674
Merit: 2965
Terminated.
October 11, 2017, 03:14:30 AM
#18
This reminds me of fractional reserve banking. For all you know, they could be insolvent. Posting primarily to keep watch for new developments.
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 09, 2017, 06:59:27 PM
#17
I fear this happens a lot with altcoins, they have no where near the mining competition that bitcoin has so are very vulnerable when someone with a lot of computer resources to spare directs it at one of these blockchains - it can be manipulated. I'm not entirely sure that the exchange is responsible as it sounds like the coin has been compromised at the root and ownership of all coins can be lost in a 51% attack.

I'm not sure about the comment "Yes, there was an attack on the chain, but the chain corrected itself." - If the chain has been attacked, it has been corrupted and all funds can be stolen. Unless the developer intervenes and is somehow able to reset it (a weakness in itself) then all wallets in that currency can be emptied.
I don't know if his exchanger, or any other one, have that golden step to do of backing Up their wallet every one hour or one day or after some X amount of time just to be safe from things like that.

Everything that is involved with Internet is vulnerable to cyber attacks, blockchain isn't the god of security though & can the breach can happen like any other network.

This is my personal precaution i always do, never leave your cryptos (money) on Exchangers no matter how good they pretend they are, it's something out of their hand, unless there is some exchangers out there who would guarantee my money there as insurance companies does.

Please stop sig spamming if you obviously didn't read about the issue and if the stuff you write doesn't make any sense.

How should a backup of the wallet help, that makes no sense. It's about validating their balances NOT if the blockchain is secure. The chain did exactly what it had to do. Also stop this "never leave your coins on an exchange bla bla" My initial thought was to trade, how should I trade if no coins are in my wallet?
if you see it that way, as a SIG SPAM, you can simply delete my posts (including this one) without trying so hard to be some kind of an asshole.

this topic is not moderated, so I can't and even if it were, I would not. You reply just don't make any sense at all.
newbie
Activity: 20
Merit: 0
October 09, 2017, 03:57:51 PM
#16
this is scary, the only thing that could put down crypto would be exchanges being scammy and dishonnest... they have to solve your problem. Make a petition on bitcointalk maybe, i will sign up np.
sr. member
Activity: 882
Merit: 254
October 09, 2017, 02:43:20 PM
#15
I fear this happens a lot with altcoins, they have no where near the mining competition that bitcoin has so are very vulnerable when someone with a lot of computer resources to spare directs it at one of these blockchains - it can be manipulated. I'm not entirely sure that the exchange is responsible as it sounds like the coin has been compromised at the root and ownership of all coins can be lost in a 51% attack.

I'm not sure about the comment "Yes, there was an attack on the chain, but the chain corrected itself." - If the chain has been attacked, it has been corrupted and all funds can be stolen. Unless the developer intervenes and is somehow able to reset it (a weakness in itself) then all wallets in that currency can be emptied.
I don't know if his exchanger, or any other one, have that golden step to do of backing Up their wallet every one hour or one day or after some X amount of time just to be safe from things like that.

Everything that is involved with Internet is vulnerable to cyber attacks, blockchain isn't the god of security though & can the breach can happen like any other network.

This is my personal precaution i always do, never leave your cryptos (money) on Exchangers no matter how good they pretend they are, it's something out of their hand, unless there is some exchangers out there who would guarantee my money there as insurance companies does.

Please stop sig spamming if you obviously didn't read about the issue and if the stuff you write doesn't make any sense.

How should a backup of the wallet help, that makes no sense. It's about validating their balances NOT if the blockchain is secure. The chain did exactly what it had to do. Also stop this "never leave your coins on an exchange bla bla" My initial thought was to trade, how should I trade if no coins are in my wallet?
if you see it that way, as a SIG SPAM, you can simply delete my posts (including this one) without trying so hard to be some kind of an asshole.
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 09, 2017, 06:37:43 AM
#14
@whywefight, I thought i am the biggest loser over this forum when it comes to losing Digital assets but i find you more superior to me.
And brother i am not making fun of you, but i am Fizzing on cryptopia, Least i can do is that i can get you the invitation of Cryptopia Discord group, I happened to be there few weeks back as i wanted to list a coin for my friends and there are amins of Cryptopia also, So instead of talking with them over email it will be instant and good if you want to use quick messaging.
Sorry for the loss man, Its a huge one.

thx. I am on their discord and pm'ed all admins but didn't get a reply. i guess they are ignoring it
member
Activity: 196
Merit: 15
October 09, 2017, 01:37:00 AM
#13
I have 1/070/000 csc in cryptopia too

sr. member
Activity: 448
Merit: 258
October 08, 2017, 10:56:44 PM
#12
@whywefight, I thought i am the biggest loser over this forum when it comes to losing Digital assets but i find you more superior to me.
And brother i am not making fun of you, but i am Fizzing on cryptopia, Least i can do is that i can get you the invitation of Cryptopia Discord group, I happened to be there few weeks back as i wanted to list a coin for my friends and there are amins of Cryptopia also, So instead of talking with them over email it will be instant and good if you want to use quick messaging.
Sorry for the loss man, Its a huge one.
hero member
Activity: 616
Merit: 500
October 08, 2017, 09:21:52 PM
#11
Sorry for your lose man.It is exchange who responsible for your lose as you're the buyer. You bought something that doesn't even exist in their wallet,but database.
I would like to suggest that you should take immediate legal action against cryptopia as its clearly understandable you paid them 2 btc for csc coin,but they didn't deliver/refund you . Drag them into the court in NZ.

I'll close my activity in their site from just right now.
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 08, 2017, 07:45:00 PM
#10
I fear this happens a lot with altcoins, they have no where near the mining competition that bitcoin has so are very vulnerable when someone with a lot of computer resources to spare directs it at one of these blockchains - it can be manipulated. I'm not entirely sure that the exchange is responsible as it sounds like the coin has been compromised at the root and ownership of all coins can be lost in a 51% attack.

I'm not sure about the comment "Yes, there was an attack on the chain, but the chain corrected itself." - If the chain has been attacked, it has been corrupted and all funds can be stolen. Unless the developer intervenes and is somehow able to reset it (a weakness in itself) then all wallets in that currency can be emptied.
I don't know if his exchanger, or any other one, have that golden step to do of backing Up their wallet every one hour or one day or after some X amount of time just to be safe from things like that.

Everything that is involved with Internet is vulnerable to cyber attacks, blockchain isn't the god of security though & can the breach can happen like any other network.

This is my personal precaution i always do, never leave your cryptos (money) on Exchangers no matter how good they pretend they are, it's something out of their hand, unless there is some exchangers out there who would guarantee my money there as insurance companies does.

Please stop sig spamming if you obviously didn't read about the issue and if the stuff you write doesn't make any sense.

How should a backup of the wallet help, that makes no sense. It's about validating their balances NOT if the blockchain is secure. The chain did exactly what it had to do. Also stop this "never leave your coins on an exchange bla bla" My initial thought was to trade, how should I trade if no coins are in my wallet?
sr. member
Activity: 882
Merit: 254
October 08, 2017, 07:20:05 PM
#9
I fear this happens a lot with altcoins, they have no where near the mining competition that bitcoin has so are very vulnerable when someone with a lot of computer resources to spare directs it at one of these blockchains - it can be manipulated. I'm not entirely sure that the exchange is responsible as it sounds like the coin has been compromised at the root and ownership of all coins can be lost in a 51% attack.

I'm not sure about the comment "Yes, there was an attack on the chain, but the chain corrected itself." - If the chain has been attacked, it has been corrupted and all funds can be stolen. Unless the developer intervenes and is somehow able to reset it (a weakness in itself) then all wallets in that currency can be emptied.
I don't know if this exchanger, or any other one, have that golden step to do of backing Up their wallet every one hour or one day or after some X amount of time just to be safe from things like that.

Everything that is involved with Internet is vulnerable to cyber attacks, blockchain isn't the god of security though & can the breach can happen like any other network.

This is my personal precaution i always do, never leave your cryptos (money) on Exchangers no matter how good they pretend they are, it's something out of their hand, unless there is some exchangers out there who would guarantee my money there as insurance companies does.
newbie
Activity: 40
Merit: 0
October 08, 2017, 05:16:01 PM
#8
gl man, hope you the best.
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 08, 2017, 12:28:08 PM
#7
I fear this happens a lot with altcoins, they have no where near the mining competition that bitcoin has so are very vulnerable when someone with a lot of computer resources to spare directs it at one of these blockchains - it can be manipulated. I'm not entirely sure that the exchange is responsible as it sounds like the coin has been compromised at the root and ownership of all coins can be lost in a 51% attack.

I'm not sure about the comment "Yes, there was an attack on the chain, but the chain corrected itself." - If the chain has been attacked, it has been corrupted and all funds can be stolen. Unless the developer intervenes and is somehow able to reset it (a weakness in itself) then all wallets in that currency can be emptied.

If you read the above: Cryptopia did not check their Database Balance compared to their Wallet Balance. This would have shown something is wrong.
legendary
Activity: 2688
Merit: 1192
October 08, 2017, 12:18:25 PM
#6
I fear this happens a lot with altcoins, they have no where near the mining competition that bitcoin has so are very vulnerable when someone with a lot of computer resources to spare directs it at one of these blockchains - it can be manipulated. I'm not entirely sure that the exchange is responsible as it sounds like the coin has been compromised at the root and ownership of all coins can be lost in a 51% attack.

I'm not sure about the comment "Yes, there was an attack on the chain, but the chain corrected itself." - If the chain has been attacked, it has been corrupted and all funds can be stolen. Unless the developer intervenes and is somehow able to reset it (a weakness in itself) then all wallets in that currency can be emptied.
legendary
Activity: 1078
Merit: 1042
www.explorerz.top
October 08, 2017, 11:49:52 AM
#5
You can read the devs statements here: https://bitcointalksearch.org/topic/m.20035204

I also quoted that message in my OP. The TX data I posted came from the devs.

Yes, reading the responses from support Cryptopia basically say: If something goes wrong it is not our fault.

Yes, there was an attack on the chain, but the chain corrected itself. The way it happened does not match what Cryptopias Support claims. They also exactly know what a pain it will be to get this sorted legally (for me) that's why I feel their responses to me are a joke.
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