Topic: Cryptopia turning into a scam? (Read 25296 times)

Hard to say - the New Zealand Police investigation is taking its course and they haven't posted any updates on their website for a while now.

Cryptopia is closed/ liquidated.  Some says it is an exit scam. 

Decentralized exchange = no admins / no 3rd party.
The funds are in your pocket, they only leave your pocket to go in the pocket of a seller/buyer at the time of the exchange through a smart contract.

No one can do anything to block decentralized exchanges.
And this is the main reason they are developed, so no government, no bank can shut them down. 

This is good news. I am hoping that the other exchanges can track it too. The problem here are those funds deposited on decentralized exchanges. Maybe their admins can do something?

Hi Guys, I've got a thread over yonder: Cryptopia - ONLINE ARTICLES related to hack & theft of funds 2019 - https://bitcointalksearch.org/topic/cryptopia-online-articles-related-to-hack-theft-of-funds-2022-non-discussion-5097916 where I'm trying to track all online news articles about the hack and theft of funds (as well as links to all other Cryptopia related threads) and am trying to compile a list of funds stolen and track where they have ended up.  If you can provide any links I'd appreciate it (It's not a discussion thread as such, the main Cryptopia thread is here: Cryptopia Cryptocurrency Platform Services and Development. Thanks for reading.

The first encouraging news appeared - Breaking: Binance freezes funds stolen in Cryptopia hack

Beginning in the early hours of this morning  large amounts of crypto, allegedly funds stolen in the Cryptopia hack, were consolidated and then redistributed out through Binance and other exchanges.

https://twitter.com/cz_binance/status/1085511601665368065



https://cryptonewsreview.com/breaking-binance-freezes-funds-stolen-in-cryptopia-hack/

Latest news - Cryptopia exchange $2.5 million loss: Etherdelta hacker strikes again



New year, new hack. We’re just fifteen days into 2019 and already a crypto exchange has been hacked. New Zealand exchange Cryptopia lost significant funds in a security breach on January 13 (UTC), according to a statement. By examining blockchain records (Cryptopia didn’t disclose how much was stolen), it appears that 20,000 ETH ($2.5 million) has been stolen by none other than the hacker or hackers behind the 2017 Etherdelta attack. (We’ve reached out to Cryptopia for comment, but the company has not responded to our questions at the time we went to press.)

Since the hack, Cryptopia underwent unexpected maintenance–and has yet to resume normal service. The exchange has notified government exchanges including the New Zealand police and the High Tech Crimes Unit. In response, some community members have accused the exchange of running an exit scam. However, there is no evidence this was the case.

In fact, when examining blockchain records, it may have been the same hacker that stole tens of thousands of dollars worth of ETH back in 2017 by lifting private keys from decentralized exchange Etherdelta. Some ETH from the source of funds used for the Etherdelta attack was sent to the same address as a likely recipient of the Cryptopia hack. And it’s a rather suspicious address indeed...

https://decryptmedia.com/4495/cryptopia-hacked-etherdelta-2-5million

It's official: https://twitter.com/Cryptopia_NZ/status/1085084168852291586

I didn't try to deposit anything since. My balance was showing my missing coins the next day I posted my previous message. I waited two months for a wallet in maintenance. They fixed it but in fact, I think we couldn't credit our balance, at least the site would have displayed our balance at zero. I will refrain to use cryptopia as I used before.

edit: I tried and it worked.
If you're looking for your log in code, cryptopia emails are now labeled as spam

I am also used cryptopia few times,they were quite good except their high fees but now most of the coin's wallet in that exchange was in maintenance without any notification about when they will get resumed maybe they going for exit scam.

I can't deposit anything into their wallet,did you?

Just to know:
Is there anyone with a problem with his deposits not credited? 2 months for wallet maintenance and deposits during this time are wasted.
I didn't follow the news since few days and currently not in a good moon.

I have an account in this exchange and maybe it's one of those reputed and known exchange way back, after several reports of lost funds because of 2fa bug/breakdown, hack accounts without any login/withdraw notifications, maintenance of withdrawing after depositing a large amount of funds, and lack of support.
I tried to avoid using them at any cost and other people should too.
This behavior should be avoided and if possible don't use this exchange if ever--coz it will only give problems to you or to someone.

I used this exchange before when I was joining the signature campaign in Byteball, a time comes that I want to trade my reward coins into this exchange to BTC so, I decided to deposit my Byteball on this exchange. Luckily at that time, my transaction was going smooth but after days passed I had read here in section a different complained that they hold the deposited coin on their exchange. After that, I transfer into other exchange.
Yes, you're right this thread is enough to convince people to avoid the possible problems because they had different issues I have heard on this exchange better to stay away to avoid a serious problem in the future.

This thread is enough reason to prove that cryptopia is really an scammer,and we must use this to warn everyone to prevent using that exchange if they want not to become a victim,some friends of mine has the same issue and until now the support has no answer

They scammed me of compounding 4 weeks of BTX airdrops... A lot of money back then.

Just avoid them.

That 100 market figure is incredible and an insult to users and developers. There is no way all of them have actual problems. If they're having real problems, and there can't be any other reason, they should come clean now and tell people how they plan to address it, if at all.

The reply given is really vague. They are like avoiding to give the exact reasons


They should focus on maintenance as well because it looks easy to accept money to list a coin on their platform but when it's about to do maintenance it's something else. Why implement so many coins if you can't handle then? Haa money...

yep, the same for example with TZC. After a "kind of issue" with withdraw they took TZC under maintenance on 7th dec without any detailed explanation. I tried to withdraw TZC before this, checked their TZC node status (there were 8 connections, it was synced to the correct latest block in that time) and my withdraw still keep in processing status. I was lucky that I was able to withdraw my several other coin wallets from that site during short time after this "issue".

They do a really nice POS mining with our TZC coins for almost last 3 weeks. Really smart solution from their side.

These kind of issues can bring a really bad reputation to this exchange. There is nobody trustworthy from Cryptopia team who can give us detailed explanation about the situation - maybe they really do not want to do it. Only sitting down and take money from people (during "unexpected" issues, or delisting and listing again for another fees). It used to be my first option to use Cryptopia, but it is not longer. It is the last option when there is no other chance for now. :-(

remember guys, Cryptsy did similar stuff before their end ...

I deposited some coins, confirmed via blockchain, all right.
Trying to support via facebook without response, ticket support tells it to be 72 hours, for something that would be virtually instant. It may not be a scam, but it's extremely slow and I do not recommend it, because it's frustrating to know if I'll be stolen from my coin or when it will be credit

Cryptopia has stolen a lot of money from random users and now they are continuously delisting coins that you cannot withdraw for one reason or another. They are a bunch of scammers that execute it slowly which in the end ends up being even more profitable. Trying to get far away as soon as I can.