Topic: Is cryptopia dead? (Read 421 times)
i have about 50 btc there, so i learned dont stored alot of your crypto on any exchange..
Its officially dead since yesterday.
Liquidators took over cryptopia assets and everyone from staffs, shareholders, creditors and Us customers need to wait for our money for a long time. since this proceeding will take years to complete.
Liquidators took over cryptopia assets and everyone from staffs, shareholders, creditors and Us customers need to wait for our money for a long time. since this proceeding will take years to complete.
This is really bad and a good example of why people should never use the exchange as storing their coins, people have been been warned in the past about Cryptopia's weak security, it was very evident, it's just right that they close their business, because they cannot keep up anymore, hackers are getting better.
Until now, No official information to confirm their hack. Not a single Tx Details from all the stole coins. they just keep saying we lost that and this. but no concrete proofs. So the hack is probably just a self hack and their intention is to dupe their investors and customers.
Its officially dead since yesterday.
Liquidators took over cryptopia assets and everyone from staffs, shareholders, creditors and Us customers need to wait for our money for a long time. since this proceeding will take years to complete.
Liquidators took over cryptopia assets and everyone from staffs, shareholders, creditors and Us customers need to wait for our money for a long time. since this proceeding will take years to complete.
This is really bad and a good example of why people should never use the exchange as storing their coins, people have been been warned in the past about Cryptopia's weak security, it was very evident, it's just right that they close their business, because they cannot keep up anymore, hackers are getting better.
Its officially dead since yesterday.
Liquidators took over cryptopia assets and everyone from staffs, shareholders, creditors and Us customers need to wait for our money for a long time. since this proceeding will take years to complete.
Liquidators took over cryptopia assets and everyone from staffs, shareholders, creditors and Us customers need to wait for our money for a long time. since this proceeding will take years to complete.
So you mean to say I'll not be getting one of the shitcoin from cryptopia which I've there? 
I really don't care much because the amount I have there is very small but wondering about others who have large amounts.
No. I had 0.06 BTC (in altcoins and BTC) on the exchange of which I manage to withdraw the BTC balance of 0.03 but the remaining amount is gone forever.I really don't care much because the amount I have there is very small but wondering about others who have large amounts.
A few weeks ago, I tried to withdraw my token but the wallet was in maintenance mode. Bad luck for me, it seems I'll not be able to get the token I have there.
So you mean to say I'll not be getting one of the shitcoin from cryptopia which I've there?
I really don't care much because the amount I have there is very small but wondering about others who have large amounts.
No. I had 0.06 BTC (in altcoins and BTC) on the exchange of which I manage to withdraw the BTC balance of 0.03 but the remaining amount is gone forever.
Good riddance. It looks like they're in the process of liquidation. There will be new exchanges being born like every month so I don't think anyone will miss that exchange except for those who loves to trade shitcoins and of course those pump groups. Time to look for other exchanges to continue their scheme. 
Do you really forget about Yobit?Yeah and people who have lost their money also would love to see their money gone. How insensitive!
So you mean to say I'll not be getting one of the shitcoin from cryptopia which I've there? I really don't care much because the amount I have there is very small but wondering about others who have large amounts.
Good riddance. It looks like they're in the process of liquidation. There will be new exchanges being born like every month so I don't think anyone will miss that exchange except for those who loves to trade shitcoins and of course those pump groups. Time to look for other exchanges to continue their scheme.
Yeah and people who have lost their money also would love to see their money gone. How insensitive!
Good riddance. It looks like they're in the process of liquidation. There will be new exchanges being born like every month so I don't think anyone will miss that exchange except for those who loves to trade shitcoins and of course those pump groups. Time to look for other exchanges to continue their scheme.
Cryptopia is now DEAD 
https://www.cryptopia.co.nz/
https://www.cryptopia.co.nz/
Quote from: from their website
Press release
15/05/2019
David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia
Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was, in the best interests of customers, staff and other stakeholders.
The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended.
“Given the complexities involved we expect the investigation to take months rather than weeks.”
The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations.
Grant Thornton will be contacting all customers and suppliers about its appointment in the next few days.
Further enquiries, please email [email protected]
15/05/2019
David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia
Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was, in the best interests of customers, staff and other stakeholders.
The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended.
“Given the complexities involved we expect the investigation to take months rather than weeks.”
The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations.
Grant Thornton will be contacting all customers and suppliers about its appointment in the next few days.
Further enquiries, please email [email protected]
This is the second time that they are hacked and there will be another one in the future, so to me Cryptopia is dead, and will only trade there if I only have a coin that can only be traded here, ~
Centralized exchange always has a chance of being hacked. Cryptopia was home for tons of cryptocurrencies even if it the shit one, somehow they able to gain mainstream attention toward Cryptopia, back then before the hack.
~ but I would not store any of my coins here, there are better exchanges in the market, and there are many of these exchanges.
Do you mean you still keep the coins in the exchange, but the exchanges is the one that you thought 'trusted'? The exchange wasn't mean to be the place to store a coin. No matter what security and encryption they provided. I don't know the condition when it comes to decentralized exchange, but in the first place it is never recommended to store in exchange, we better to store our coin in the project native wallet or for full security in a hardware wallet. 
We could say Cryptopia is on a process of being 'resurrected' because the exchange was recently hacked, and suffer a significant amount of losses. The NZ police already made an investigation, and the cryptopia team is working on to reopen the exchange to the regular state. You can see the latest update about the exchange on the official Twitter account https://twitter.com/Cryptopia_NZ
This is the second time that they are hacked and there will be another one in the future, so to me Cryptopia is dead, and will only trade there if I only have a coin that can only be traded here, but I would not store any of my coins here, there are better exchanges in the market, and there are many of these exchanges.
We could say Cryptopia is on a process of being 'resurrected' because the exchange was recently hacked, and suffer a significant amount of losses. The NZ police already made an investigation, and the cryptopia team is working on to reopen the exchange to the regular state. You can see the latest update about the exchange on the official Twitter account https://twitter.com/Cryptopia_NZ
Involving the police, that is the best step to take I most say. Though it may take long but I hope those involved in this should be brought to law.
Though I'm confuse, I have been hearing different stories that no money was made away at the cost of the event. Don't know how true is this, I guess we just wait till the website is fully updated to know whats next.
For now, it looks like the hackers are unable to cash out. Some of the alts and tokens have issued hard forks to make these stolen coins worthless and the other exchanges are refusing to trade with the stolen tokens.
We could say Cryptopia is on a process of being 'resurrected' because the exchange was recently hacked, and suffer a significant amount of losses. The NZ police already made an investigation, and the cryptopia team is working on to reopen the exchange to the regular state. You can see the latest update about the exchange on the official Twitter account https://twitter.com/Cryptopia_NZ
Involving the police, that is the best step to take I most say. Though it may take long but I hope those involved in this should be brought to law.
Though I'm confuse, I have been hearing different stories that no money was made away at the cost of the event. Don't know how true is this, I guess we just wait till the website is fully updated to know whats next.
So i'm just wondering what's the current state of Cryptopia? By looking almost all coins have 0 volume. Is the exchange closed. Will it reopen? If yes, then when? Can someone update me on status of cryptopia?
All of your questions will be answered if you go through this thread:
https://bitcointalksearch.org/topic/cryptopia-exchange-hacked-5097601
I guess that is the official thread for the Cryptopia exchange here in Bitcointalk. And the tentative date for re-opening for the exchange is sometime in June 2019.
No, that's not the official thread of Cryptopia in Bitcointalk.
I just checked the exchanges and I don't see much movement, although there latest tweet is that they are doing a on-going maintenance:
https://twitter.com/Cryptopia_NZ
"Cryptopia will be going down for maintenance at 12:00PM NZST. Maintenance is expected to last 60 minutes.".
It's really hard to trust exchanges that's been hacked, so personally, I will stay away and just go and trade somewhere else.
Does exchange plan to work on reimbursing their customers after they relaunch? Must be hard to re-launch after rep is damaged so badly.
There will be a rebate for customers who unfortunately lost funds. We are working through the logistics of this to ensure it is equitable and in compliance with local laws.
This is what they said in their email on March 22nd but they haven't started any withdrawals yet and I don't even know how much I have lost as I had many coins in the exchange. They have deposited some 26.94410377 CLM coins but what the amount indicates is what I don't know. Hope they process withdrawals soon and reimburse the customers.
So i'm just wondering what's the current state of Cryptopia? By looking almost all coins have 0 volume. Is the exchange closed. Will it reopen? If yes, then when? Can someone update me on status of cryptopia?
All of your questions will be answered if you go through this thread:
https://bitcointalksearch.org/topic/cryptopia-exchange-hacked-5097601
I guess that is the official thread for the Cryptopia exchange here in Bitcointalk. And the tentative date for re-opening for the exchange is sometime in June 2019.
Does exchange plan to work on reimbursing their customers after they relaunch? Must be hard to re-launch after rep is damaged so badly.
Well, they've sent an email to all of their clients regarding the hacking incident including the information about reimbursement.Here's the part where the refund was stated:
Quote
If you held balances in coins that were lost in the event you will start to see Withdraws on your account for those coins. The TXID for the withdraw will not exist on the network but will detail how the coin was impacted in the event. For each withdraw you will also see a subsequent deposit of Cryptopia Loss Marker(CLM), the TXID for this will also not exist on a network but will detail the coin it represents a loss for. CLM is not a coin, it can't be traded as yet, it is just a number in the database that represents the loss for each coin for each user in $NZD at the time of the event. There are still steps to take to ensure we are taking a legal path toward reimbursement.
From the looks of it, lost coins will be replaced by CLM tokens/coins which have a value of 1 New Zealand Dollars each ($0.67 USD).
Looking at their very low volumes, it may seem that they are very near the point of collapsing, but no one knows how long they can keep it up to have their platform running without profits.
Maybe, maybe that with time their volumes will somewhat recover, but looking at what happened with BTC-E that later on turned into WEX, I don't have much hope for a miraculous recovery, but never say never of course.
'Positive' side of their low volumes is that they aren't generating fake volume to make it appear that they are more active than they in reality are. They are very vulnerable being in this position, so respect for that.
Too early too judge but most of these cases on where exchangers have recently hacked and comeback to life would really have that hard time on regaining the trust of their users.Low volume is already the proof that it had been decreased drastically wayback before the incident.We cant really point out that they will die but we can already make presumptions. Maybe, maybe that with time their volumes will somewhat recover, but looking at what happened with BTC-E that later on turned into WEX, I don't have much hope for a miraculous recovery, but never say never of course.
'Positive' side of their low volumes is that they aren't generating fake volume to make it appear that they are more active than they in reality are. They are very vulnerable being in this position, so respect for that.
It may really take time before people start trusting them again. I myself had an account which somehow got few hundreds on it, I'm not going to withdraw it fro them so I'm still a loyal client but might not be trading on them til I find something worth going back. I haven't submitted KYC to them so I guess I'm still with them.
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