Topic: Is cryptopia dead? - page 2. (Read 422 times)
Cryptopia will need several months, maybe several years, before regaining the trust of users. The scenario that occurred is one of the worst for an exchange. Most people have left and have no intention of coming back, they won't feel secure anymore. And among those who come back, it's just to see if they have the possibility to recover their coins and leave.
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?
You just need to follow their Twitter account rather than going back to this thread. You will only read opinions, views etc. here.
https://twitter.com/Cryptopia_NZ
For now, Im consider them as "dead" until not 100% operational. I have funds there and I believed it will now be converted to their own token (if my understanding is right just like what happen in Bitfinex). The moment they will resume and my tokens are now gone, will play with the waters for my remaining funds there. If conversion will not happen, then I will get out immediately.
More importantly, never attempt to deposit on this exchange again unless you know what you are doing.
I have one token there with some amount, just now tried to withdraw the funds but it is still on maintenance.
In my opinion, they are not dead yet, they are trying best of their ability to resume their service and I hope they will compensate the users who lost coins during the hack.
In my opinion, they are not dead yet, they are trying best of their ability to resume their service and I hope they will compensate the users who lost coins during the hack.
Yes. They have reopened last month.
I don't think re-opened is the right term. Just say that they resumed trading for some pairs. Some trading pairs have been resumed, but Cryptopia is still in "Read Only" mode. Only those who have coins inside the exchange can trade because Withdrawal and Deposit are still disabled. Most likely the reason why there's a low volume.
They will re-open fully after securing all the wallets. If when, I don't know (how I wish it would be sooner). Just check their twitter page for updates @Cryptopia_NZ and you can join the discussions in their ANN thread too.
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.
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.
The downside of the crypto space is that shitcoins getting 51% attacked or exchanges getting "hacked" aren't going anywhere. People continue to invest and use both of them as if nothing has happened.
Cryptopia is back trading and it seems that the users are pretty happy with that. I wouldn't waste one single second on an exchange like that, but since most people don't care anyway, they'll keep using this stuff till they end up losing funds. After all, people only learn when they lose money, so it will be an expensive lesson for sure.
Just look at Yobit. It has consistently been one of the shittiest exchanges, yet people still use it.
Cryptopia is back trading and it seems that the users are pretty happy with that. I wouldn't waste one single second on an exchange like that, but since most people don't care anyway, they'll keep using this stuff till they end up losing funds. After all, people only learn when they lose money, so it will be an expensive lesson for sure.
Just look at Yobit. It has consistently been one of the shittiest exchanges, yet people still use it.
People wont ever learn after they lose money which is really the "sad reality" we are seeing for how many years.Even just depending on our common sense
we would able to spot out that it isnt already ideal on using up an exchange which do have already some stains into its reputation.Incidents of being hacked would be tied
up forever on the name of certain exchange, majority would leave and pull out their funds but there are really people tend to remain.I do somehow amazed on what cryptopia
is trying to retrieve but they cant really take those things back but atleast they are still trying.
The downside of the crypto space is that shitcoins getting 51% attacked or exchanges getting "hacked" aren't going anywhere. People continue to invest and use both of them as if nothing has happened.
Cryptopia is back trading and it seems that the users are pretty happy with that. I wouldn't waste one single second on an exchange like that, but since most people don't care anyway, they'll keep using this stuff till they end up losing funds. After all, people only learn when they lose money, so it will be an expensive lesson for sure.
Just look at Yobit. It has consistently been one of the shittiest exchanges, yet people still use it.
Cryptopia is back trading and it seems that the users are pretty happy with that. I wouldn't waste one single second on an exchange like that, but since most people don't care anyway, they'll keep using this stuff till they end up losing funds. After all, people only learn when they lose money, so it will be an expensive lesson for sure.
Just look at Yobit. It has consistently been one of the shittiest exchanges, yet people still use it.
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?
The last thing I read about cryptopia was that it is being maintained and it had also made a statement where it said that the exchange will be up and running soon (since it is down since the hack occurred).Also, cryptopia will try to reimburse the lost funds and give back the users what they had lost although no guarantees.
I guess it would take time but at least they are trying from their side to make things alright.
Yes. They have reopened last month.
Now, should you still use them? That's another question. I'd only use it if I had no other choice; and one thing's for sure, I definitely would leave funds on Cryptopia for more than 5 minutes.
Tweet link: https://twitter.com/Cryptopia_NZ/status/1107811759941779456
Now, should you still use them? That's another question. I'd only use it if I had no other choice; and one thing's for sure, I definitely would leave funds on Cryptopia for more than 5 minutes.
Tweet link: https://twitter.com/Cryptopia_NZ/status/1107811759941779456
I assume you meant that you wouldn't leave funds on Cryptopia for more than 5 minutes. I agree to your point, it's a stain that you can't really washout afterwards.
The intentions however are good as easy option would be to declare bankruptcy and not even try to recover.
If crytopia want to resume their platform, the user needs to use crytopia more longer because of this hack i think a lot their customer will try to withdraw the money. The reason i say this, they need some fund to recover from the hack it can be from :
- Fee Trading
- Listing Fee
- Withdrawl Fee
Yes. They have reopened last month.
Now, should you still use them? That's another question. I'd only use it if I had no other choice; and one thing's for sure, I definitely would leave funds on Cryptopia for more than 5 minutes.
Tweet link: https://twitter.com/Cryptopia_NZ/status/1107811759941779456
Now, should you still use them? That's another question. I'd only use it if I had no other choice; and one thing's for sure, I definitely would leave funds on Cryptopia for more than 5 minutes.
Tweet link: https://twitter.com/Cryptopia_NZ/status/1107811759941779456
Does exchange plan to work on reimbursing their customers after they relaunch? Must be hard to re-launch after rep is damaged so badly.
For what I've heard in this forum, I saw that cryptopia was recently hacked. And it could be restored any time soon. Are your funds safe?
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
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?
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