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Title: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 14, 2019, 08:33:46 PM Okay, I didn't care about it till a few hours back, but now it has been more than 14 hours and it's still in maintenance. ::)
Cryptopia's official channels (such as their official Twitter account (https://twitter.com/Cryptopia_NZ)) are only trying to keep us calm, without giving out any major reason for the downtime. Funds safu? Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: cissrawk on January 15, 2019, 01:36:53 AM Looks like its almost 24 hours, and i still have some coins on there that i'm not withdraw yet.
Looks like their exchange got hacked, and this news posted about 2 hours ago. https://ethereumworldnews.com/cryptopia-exchange-hacked/?fbclid=IwAR2pDLxjdkpWlM07gOoTL2N-lWBDEh2k6fh6alYMOp-YHuUZ1yc8dxj8rdA https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/ Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 15, 2019, 06:04:48 PM Smells like real trouble for Cryptopia (and its users); it's still down.
New Zealand Crypto Exchange Cryptopia Goes Offline Citing Hack https://www.coindesk.com/new-zealand-crypto-exchange-cryptopia-goes-offline-citing-major-hack The only statement from Cryptopia till now regarding this downtime: http://pbs.twimg.com/media/Dw76wLqUcAIfiFl.jpg Funny how Mr. CZ is using this failure for his product's promotion: Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost. Store on an exchange. Only use the most reputable, proven secure, exchanges. Or move to DEX, disrupt ourselves. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: gentlemand on January 15, 2019, 06:52:35 PM Funny how Mr. CZ is using this failure for his product's promotion: Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost. Store on an exchange. Only use the most reputable, proven secure, exchanges. Or move to DEX, disrupt ourselves. When Binance has been going for a century without mishap, I can pop along to their offices and they're fully regulated in my jurisdiction I might consider parking a small amount of money on there for short periods. Until then I can't believe he'd write this. Perhaps his account has been farmed out to his 5 year old little brother. I hope that overconfidence isn't extended into how they run their actual security. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 15, 2019, 10:10:15 PM Funny how Mr. CZ is using this failure for his product's promotion: Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost. Store on an exchange. Only use the most reputable, proven secure, exchanges. Or move to DEX, disrupt ourselves. When Binance has been going for a century without mishap, I can pop along to their offices and they're fully regulated in my jurisdiction I might consider parking a small amount of money on there for short periods. Until then I can't believe he'd write this. Perhaps his account has been farmed out to his 5 year old little brother. I hope that overconfidence isn't extended into how they run their actual security. ...and now we've got a clarification for that tweet by CZ himself: Some people seems to misread this tweet. It lists 3 options. It does not say which option is better than another, as that depends on each persons security skill, preference, fund allocation, etc. Most importantly, it is an ad for the #BinanceDEX. My bad for not making it clear. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 15, 2019, 11:27:34 PM Investigation involving crypto-currency company
http://www.police.govt.nz/news/release/investigation-involving-crypto-currency-company Imagine investigation in New Zealand and hacker in Spain (about 20 thousand KM away from New Zealand)... :-X Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: DaCryptoRaccoon on January 15, 2019, 11:38:27 PM Surprised that place wasn't the first to go down.
Should be a wake up call to some not to keep funds on exchanges the same old story. Man puts money in exchange, Exchange gets hacked, Man cry on twitter... Man should learn lesson.. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 16, 2019, 07:35:51 PM An update by New Zealand Police:
Update: Investigation involving cryptocurrency company Quote Wednesday, 16 January 2019 - 7:30pm National News The investigation into the alleged unauthorised transaction of cryptocurrency at the Christchurch company Cryptopia has continued today. The inquiry is still in its very early stages and police are continuing to work with Cryptopia to establish what has happened and how. Police are not yet in a position to say how much cryptocurrency is involved, other than it is a significant amount. A large team, including Canterbury CIB and specialist staff from the police High Tech Crime Unit, have been assigned to the case. There has been a visible police presence at the company’s Colombo Street headquarters throughout the day as police take the steps needed to progress the investigation. While police are unable to go into details about specific steps being taken at this stage, we can say that our focus includes commencing both a forensic digital investigation of the company, and a physical scene examination at the building. We are dealing with a complex situation and we are unable to put a timeframe on how long the investigation may take. We are also aware of speculation in the online community about what might have occurred. It is too early for us to draw any conclusions and Police will keep an open mind on all possibilities while we gather the information we need. A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this. We would also like to make clear that Cryptopia are cooperating fully with the investigation team and a media report that police ‘stormed’ the building today is entirely incorrect. Anyone with information which could assist the investigation can contact police by email at crypto@police.govt.nz (link sends e-mail). ENDS Issued by Police Media Centre. https://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 22, 2019, 11:15:43 PM No new update has been shared by either Cryptopia or New Zealand Police for the last 7 days. They should at least release out the funds from un-hacked wallets. ::)
Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: harizen on January 22, 2019, 11:34:06 PM https://cryptonews.com/news/after-cryptopia-hack-2-000-wallets-still-might-be-at-risk-re-3247.htm (http://After Cryptopia Hack, 2,000 Wallets Still Might be at Risk) Aside from the list of confirmed wallets hacked, other tokens with a total worth of $3M USD is also included. I even accept that some of my tokens there already on doomed. Im now trying to move on from this case and hoping a good progress. Can't imagined how will Cryptopia will deal on these. https://etherscan.io/address/0x9007a0421145b06a0345d55a8c0f0327f62a2224 Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: joniboini on January 23, 2019, 04:15:32 AM Can't imagined how will Cryptopia will deal on these. They're doomed if they don't have any funds on another wallet. It will be impossible for them to return the amount of money lost and continue their business. At the very least, I hope customer can get their money back. Didn't really matter whether they continue running their business or not, there are other exchanges out there. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on January 23, 2019, 11:17:37 AM There should be some info from cryptopia, what had been stolen.
I like to know what of my coins there are gone. If and how to get access to the funds. Its understandable they cannot straight reactivate the website if safety is not set up new. But they should inform about whats now and whats next. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: jrrsparkles on January 23, 2019, 06:06:49 PM There should be some info from cryptopia, what had been stolen. In my prediction this is they exit scam not hack from someone outside but they are doing this perfect scam looks like hack.No response from the cryptopia team and what they are going to do further.People who kept their funds in that shady funds need to know that they lost it forever. :-XI like to know what of my coins there are gone. If and how to get access to the funds. Its understandable they cannot straight reactivate the website if safety is not set up new. But they should inform about whats now and whats next. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: squatter on January 23, 2019, 08:37:05 PM There should be some info from cryptopia, what had been stolen. I like to know what of my coins there are gone. If and how to get access to the funds. Its understandable they cannot straight reactivate the website if safety is not set up new. But they should inform about whats now and whats next. From the aspect of customer service, they definitely should. However, Cryptopia seems to be hiding behind the police investigation in order to bide time. They probably haven't figured out their next move. A depositor bailout by new investment is possible. So is a general haircut or bail-in style situation like the Bitfinex hack, where they determined how much was lost in USD value and socialized the losses to all users. They're probably also hoping for more information about what was frozen at Binance and how much might be recovered. All of this stuff takes time to figure out, and they can't affirmatively say who still owns what at their exchange. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 29, 2019, 04:20:04 PM The Cryptopia Hack Is Not Over, Another 17K Wallets Drained - Report
https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm If the hackers have really managed to hack the remaining wallets again, I'd say that it should be New Zealand Police's duty to pay for that. They stopped Cryptopia from providing the updates, and clearly mentioned that: Quote A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this. Incompetent police. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: gentlemand on January 29, 2019, 05:24:58 PM The Cryptopia Hack Is Not Over, Another 17K Wallets Drained - Report https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm If the hackers have really managed to hack the remaining wallets again, I'd say that it should be New Zealand Police's duty to pay for that. They stopped Cryptopia from providing the updates, and clearly mentioned that: Quote A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this. Incompetent police. That implies the thief has full control over all those funds and always has and Cryptopia has none. I don't get how that's possible. The thief could certainly have them at the same time. How do you entirely hijack wallets? Do they not have backups? Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: squatter on January 29, 2019, 10:00:04 PM Quote A priority for police is to identify and, if possible, recover missing funds for Cryptopia customers; however there are likely to be many challenges to achieving this. Incompetent police. Cryptocurrencies makes these situations really difficult. They can be sent globally without permission, so the stolen money is literally gone. It's impossible to recover if secured correctly by the hacker. Binance was able to freeze some of the funds, but it may also be a jurisdictional nightmare to recover them. The investigation spans multiple countries -- New Zealand, Malta (Binance), the countries where any other involved exchanges operate from, the country where the hacker's VPN servers were operated from, the hacker's country of residence, etc. Plus, you could withdraw up to 5,000 NZD daily without verification on Cryptopia. Since their specialty was low-value coins, they probably have loads of unverified accounts. If Cryptopia can't return to operating normally, that further complicates returning funds to their rightful owners. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: freedomno1 on January 29, 2019, 11:43:36 PM Some people must be automining and set the address to cryptopia did not know there was a hack and keep sending funds to those wallets which get sweeped, that said the hackers are doing the sweeping since Cryptopia isn't ...
Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on January 30, 2019, 12:10:55 AM Some people must be automining and set the address to cryptopia did not know there was a hack and keep sending funds to those wallets which get sweeped, that said the hackers are doing the sweeping since Cryptopia isn't ... I'm quite sure that there'd not be that many miners sending their Ethereum (a total of 1675 ETH) to Cryptopia. This looks like a fresh sweep by hackers, and literally, shame on police for not taking good care of the remaining un-hacked wallets. ::) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: freedomno1 on January 30, 2019, 12:47:17 AM Some people must be automining and set the address to cryptopia did not know there was a hack and keep sending funds to those wallets which get sweeped, that said the hackers are doing the sweeping since Cryptopia isn't ... I'm quite sure that there'd not be that many miners sending their Ethereum (a total of 1675 ETH) to Cryptopia. This looks like a fresh sweep by hackers, and literally, shame on police for not taking good care of the remaining un-hacked wallets. ::) Your right not 1675 Eth worth, the police are not known for being speedy at anything that said ... "more than 5,000 wallets that had already been drained in the original hack, but have since been topped up, apparently by Cryptopia users unaware of the breach." I doubt the police cyber-crime division even knows how to secure and sweep wallets. Lets hope they sweep the remaining un-hacked wallets into a police wallet at least or get the right people to deal with it well assuming that cryptopia has the keys ... https://cryptonews.com/news/the-cryptopia-hack-is-not-over-another-17k-wallets-drained-r-3284.htm Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: elda34b on January 30, 2019, 05:04:25 AM I doubt the police cyber-crime division even knows how to secure and sweep wallets. Lets hope they sweep the remaining un-hacked wallets into a police wallet at least or get the right people to deal with it well assuming that cryptopia has the keys ... I'm more surprised that Cryptopia doesn't tell them how to do it, or why don't they notify every user (if it's true that the wallet address is refilled by the users) about the hack. Seems like Cryptopia's game over will come very soon. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: gentlemand on January 30, 2019, 11:53:14 AM That implies the thief has full control over all those funds and always has and Cryptopia has none. According to that - https://twitter.com/notsofast/status/1090280631077167105 that's what happened, though I've no idea how the Tweeter knows. It still doesn't make any sense. They should have backups everywhere. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on February 01, 2019, 07:26:33 AM Cryptopia is hiding behind the announcements of the police.
They fucked all the users money. Thats unprofessional. How can you loose access to your keys? Dammed amateurs. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: JSRAW on February 01, 2019, 03:50:27 PM On top of that one shitty exchange "Mercatox "asking for money to stop hacker to sell stolen funds in their exchange. However, they denied that their representative is involved in this conversation. Still not a good sign. :-\
https://twitter.com/boxmining/status/1088631767504805889 Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on February 01, 2019, 06:20:55 PM Cryptopia is hiding behind the announcements of the police. I'd not be so sure about that; according to police: Quote Cryptopia management and staff have been co-operating with Police and providing considerable assistance in the investigation. If Cryptopia's management was actually behind this hack, they'd not be cooperating with the police at this time due to fear of being jailed. I still think that Cryptopia's bad security caused this hack, not the Cryptopia's bad intentions. On top of that one shitty exchange "Mercatox "asking for money to stop hacker to sell stolen funds in their exchange. However, they denied that their representative is involved in this conversation. Still not a good sign. :-\ https://twitter.com/boxmining/status/1088631767504805889 It seems like they really have no shame; one-of-its-kind shamelessness, literally. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Slow death on February 01, 2019, 10:16:35 PM Quote Cryptopia management and staff have been co-operating with Police and providing considerable assistance in the investigation. If Cryptopia's management was actually behind this hack, they'd not be cooperating with the police at this time due to fear of being jailed. I still think that Cryptopia's bad security caused this hack, not the Cryptopia's bad intentions. The question I have is: how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds? I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: ololajulo on February 01, 2019, 10:28:16 PM Quote Cryptopia management and staff have been co-operating with Police and providing considerable assistance in the investigation. If Cryptopia's management was actually behind this hack, they'd not be cooperating with the police at this time due to fear of being jailed. I still think that Cryptopia's bad security caused this hack, not the Cryptopia's bad intentions. The question I have is: how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds? I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: gentlemand on February 02, 2019, 04:45:21 PM The question I have is: how many such cases that some hacker stole funds from some exchange and was caught and recovered the funds? I do not know the statistics, but I know that I do not see every day the news channels say they found the hacker X and recovered the funds of some exchange that was targeted by hackers. following this logic, they may have stolen themselves because they know there are few chances of being caught by the police. The only significant exchange hacker that I know who's been traced is the bloke who is alleged to have hacked Gox and laundered it through BTC-e. That's not proven yet and it was a long time ago. There've been some smaller people like the Mintpal guy. I'm not sure if anyone's been repaid from that but the police were trying to reunite people with their money. The only other people I've heard of who've been caught were linked with dark market exit scams and no one is getting any money back from them. As for Coincheck, Bitstamp, Bitfinex and plenty of others - nothing. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on February 03, 2019, 08:11:56 PM Reopening already?!?
Cryptopia might reopen in February, NZ Police says https://www.newsroom.co.nz/2019/01/30/422537/cryptopia-might-reopen-in-february-nz-police-says Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: squatter on February 03, 2019, 09:58:43 PM Reopening already?!? Cryptopia might reopen in February, NZ Police says https://www.newsroom.co.nz/2019/01/30/422537/cryptopia-might-reopen-in-february-nz-police-says Key word, might. It's also not clear what they mean by resuming operations -- it could just mean bringing the site up in limited capacity, allowing users to log in and see balances, etc. Right now, the site is still just a splash page. The letter from NZ Police suggests nothing about a speedy return of funds. The article makes it sound like the police are preventing communication with their customers: Quote Police are working to enable the company to communicate directly with customers, the letter said. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: JSRAW on February 04, 2019, 08:36:55 AM Raja_MBZ (ftp://Raja_MBZ) Don't know what should I make of this new news coming from cryptopia. but one of my holdings already got dump hard in Coinexchange and just for confirmation I have checked Hacker's eth address too lol. hacker already moved fund in exchange.
Apparently, everyone wants their share of the pie in this. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on February 07, 2019, 12:27:57 AM Police skills in doubt over Cryptopia probe into missing $23m
https://www.stuff.co.nz/business/110387805/cryptopia-director-says-technicians-are-helping-police-track-stolen-23m ;D Raja_MBZ Don't know what should I make of this new news coming from cryptopia. but one of my holdings already got dump hard in Coinexchange and just for confirmation I have checked Hacker's eth address too lol. hacker already moved fund in exchange. That's quite bad! Did you try to contact CoinExchange regarding that? If the hacker hasn't withdrawn from the exchange yet, CoinExchange might be able to recover some of the funds from that hacker. BTW: CRYPTOPIA HACKERS LIQUIDATED $3.2M IN CRYPTOCURRENCY ACROSS THESE EXCHANGES https://bitcoinist.com/cryptopia-3m-cryptocurrency-exchanges/ Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: joniboini on February 07, 2019, 06:47:15 AM Police skills in doubt over Cryptopia probe into missing $23m https://www.stuff.co.nz/business/110387805/cryptopia-director-says-technicians-are-helping-police-track-stolen-23m I feel sorry for them. Maybe this blockchain analysis thing is new and I understand it's quite difficult to do so. Good luck police officer! CRYPTOPIA HACKERS LIQUIDATED $3.2M IN CRYPTOCURRENCY ACROSS THESE EXCHANGES He has $19 mil more for the next dump. Bad news for the holder of the tokens that were stolen from Cryptopia, the price might get dumped heavily and it would be difficult to recover in this bear market. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: JSRAW on February 07, 2019, 12:14:36 PM That's quite bad! Did you try to contact CoinExchange regarding that? If the hacker hasn't withdrawn from the exchange yet, CoinExchange might be able to recover some of the funds from that hacker. No, I haven't sent anything to CoinExchange, but I notified the representative of Ico, on time. They are in contact with a couple of exchange along with Cryptopia in that regards. I am not expecting much here tbh. it's a dead horse anyways. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: timerland on February 07, 2019, 07:29:24 PM Are they going to compensate for the losses or are they just going to file a police report and that's it? I haven't been active recently and am kind of out of the loop about this situation.
This is a classic case of why you shouldn't trust exchanges to hold your funds securely. Not only is there a risk that their security infrastructure is complete crap, there may also be deposit/withdrawal issues that arise from KYC or otherwise that is completely out of your control. I'd personally much prefer having full control over the security of my bitcoins. Exchanges shouldn't be used as a wallet to hold funds, it sounds cliche but it's true. I personally also think that recovering funds is probably completely futile, it's worth a try but probably never going to find the hacker, and even if they do, funds probably have already been spent. Reopening already?!? Cryptopia might reopen in February, NZ Police says https://www.newsroom.co.nz/2019/01/30/422537/cryptopia-might-reopen-in-february-nz-police-says Who's going to use them even if they reopen? ::) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: JSRAW on February 07, 2019, 07:49:14 PM No compensation as of now or in near future but it looks more or less formality than actual fund retrieve effort.
It's true and you rightly pointed out that it's "cliche" that one should not put fund on exchange. But what about those buyer who are in accumulating mode etc. And on another note if every crypto user start avoiding exchange due to this reason then all exchange will dry up with in the week. Being generous here with one week. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: ovcijisir on February 07, 2019, 07:57:14 PM No compensation as of now or in near future but it looks more or less formality than actual fund retrieve effort. It's true and you right pointed out that it's "cliche" that one should not put fund on exchange. But what about those buyer who are in accumulating mode etc. And on another note if every crypto user start avoiding exchange due to this reason then all exchange will dry up with in the week. Being generous here with one week. For me the main reason why I didn't withrawed funds from Cryptopia was because I had many altcoins there (~10 different alt.). If I had to download each wallet with full node it would suffocate my computer. That is the main reason why I didn't do it. I regret that I didn't withdraw ERC20 tokens, because I thaught about it but was too lazy to do it. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: squatter on February 08, 2019, 09:09:19 AM Reopening already?!? Cryptopia might reopen in February, NZ Police says https://www.newsroom.co.nz/2019/01/30/422537/cryptopia-might-reopen-in-february-nz-police-says Who's going to use them even if they reopen? ::) You know, I thought the same thing about Bitfinex when they lost 120,000 BTC in that 2016 hack. A year later, they were one of the biggest exchanges in the world. Probably not a great example since Cryptopia was a much crappier exchange, but you get my point. Cryptocurrency traders are gluttons for punishment. They always come back for more. :D Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on February 14, 2019, 09:41:20 PM A nice update posted on Cryptopia's Twitter just now:
Update: The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen. Reopening already?!? Cryptopia might reopen in February, NZ Police says https://www.newsroom.co.nz/2019/01/30/422537/cryptopia-might-reopen-in-february-nz-police-says Who's going to use them even if they reopen? ::) You know, I thought the same thing about Bitfinex when they lost 120,000 BTC in that 2016 hack. A year later, they were one of the biggest exchanges in the world. Probably not a great example since Cryptopia was a much crappier exchange, but you get my point. Cryptocurrency traders are gluttons for punishment. They always come back for more. :D I agree; I think that even I'll be rushing to buy a few low-cap coins at Cryptopia (XBY, HUSH, PIRL, XDNA, etc) once it gets back, even though I know the risks of doing that. ::) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on February 27, 2019, 06:51:21 PM Seems like Cryptopia will be re-launching very soon:
Update: We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen. Please keep an eye on our page for further updates today. Update: We are securing each wallet individually to ensure the exchange is fully secure when we resume trading. We have more updates to come today, please keep an eye on our page. Update: As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses. We have more updates to come tomorrow, keep an eye on our page. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on February 27, 2019, 09:17:35 PM Seems like Cryptopia will be re-launching very soon: Update: We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen. Please keep an eye on our page for further updates today. Update: We are securing each wallet individually to ensure the exchange is fully secure when we resume trading. We have more updates to come today, please keep an eye on our page. Update: As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses. We have more updates to come tomorrow, keep an eye on our page. good to hear. the radio silence from cryptopia was starting to feel ominous. less than 10% hacked---not nearly as bad as i thought. a haircut w/ debt tokens might work out just fine. i wonder if the numbers are in BTC terms or NZD/USD terms. i'm thinking probably fiat. i wonder how big the exodus will be. something tells me a lot of users will stay. for a lot of these shitcoiners, there's nowhere else to go! :P Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: stomachgrowls on February 27, 2019, 10:41:27 PM Seems like Cryptopia will be re-launching very soon: Update: We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen. Please keep an eye on our page for further updates today. Update: We are securing each wallet individually to ensure the exchange is fully secure when we resume trading. We have more updates to come today, please keep an eye on our page. Update: As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses. We have more updates to come tomorrow, keep an eye on our page. good to hear. the radio silence from cryptopia was starting to feel ominous. less than 10% hacked---not nearly as bad as i thought. a haircut w/ debt tokens might work out just fine. i wonder if the numbers are in BTC terms or NZD/USD terms. i'm thinking probably fiat. i wonder how big the exodus will be. something tells me a lot of users will stay. for a lot of these shitcoiners, there's nowhere else to go! :P Can we really believe that this is the only percentage loss or just covering up the whole amount to prevent panic or pull out of users funds? Atleast they do make some updates and i thought they would completely go down. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on February 28, 2019, 06:19:09 AM If they open again with a fair way to solve the loss, sure I will be back there too.
Because thats a proof that they are legit. Sure their way of communication with their users was terrible. Let us wait without notice weeeks... That was unprofessional. Their exchange-website was not, dont understand how anyone could say its a unprofessional site. In the altcoinworld it was/is one of the big players. Anyway, nothing is 100% safe from hackers. Almost any big exchange was hacked already. So if they learn, its good. And if we lost onedigit percentage, its at least no total desaster. Dont tell me the story of your keys-your coins . Everyone has a slightly different usecase for exchanges. With my usage, I cannot keep my coins home and safe. Anyway we will see monday thats their schedule for reopening...as READ ONLY Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on February 28, 2019, 08:39:30 PM If they open again with a fair way to solve the loss, sure I will be back there too. Because thats a proof that they are legit. Sure their way of communication with their users was terrible. Let us wait without notice weeeks... That was unprofessional. Their exchange-website was not, dont understand how anyone could say its a unprofessional site. In the altcoinworld it was/is one of the big players. I've been saying that for years: I've been trading with Cryptopia for years, and I must admit now that they're not scammers. They've a lot of bugs/errors and sometimes their "processing" can take more than a month, but still, they're honest. I've not seen a single person losing any of his funds due to their bugs/issues/server-overloads; it can sometimes get very frustrating for you, but at the end, Cryptopia's crappy support does succeed in solving whatever issue you have. Cryptopia team has no intention of scamming, that's for sure. Their main problem is lack of team members, you'll see your support tickets stuck with them for tens of days. Same goes with withdrawals & deposits. They just get stuck but actually get processed at the end. Once Cryptopia re-opens, I've plans of buying some more of HUSH/XDNA/PIRL/XBY and a few other gems! :) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 04, 2019, 04:19:21 PM A new update posted on Cryptopia's official Twitter:
Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses. Long Cryptopia, short Binance DEX! Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on March 04, 2019, 08:53:05 PM A new update posted on Cryptopia's official Twitter: Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses. Long Cryptopia, short Binance DEX! hold your horses. they still need to recover from a 10% loss of deposits. and we'll see how much of the user base is willing to stay! surely there will be a run for the exits when withdrawals are opened. i hope they can survive it. i also saw this post today which is extremely troubling. (https://bitcointalk.org/index.php?topic=5116536.0) it's not confirmed (could be totally false) but if true, it indicates a serious bug in cryptopia's automated withdrawal system. that's scary to see right as they are relaunching after a hack! Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 05, 2019, 05:46:48 PM Good news, the read-only website is now live:
Update: The read-only site is now live. The holding balance from the 14th Jan is pre hack and we will be using these holdings as a baseline for calculating rebates moving forwards. A new update posted on Cryptopia's official Twitter: Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses. Long Cryptopia, short Binance DEX! hold your horses. they still need to recover from a 10% loss of deposits. and we'll see how much of the user base is willing to stay! surely there will be a run for the exits when withdrawals are opened. i hope they can survive it. i also saw this post today which is extremely troubling. (https://bitcointalk.org/index.php?topic=5116536.0) it's not confirmed (could be totally false) but if true, it indicates a serious bug in cryptopia's automated withdrawal system. that's scary to see right as they are relaunching after a hack! I seriously hope that they've figured out a suitable solution for that bug. :-X Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: JSRAW on March 05, 2019, 11:05:23 PM Okay, so surprisingly my holding still sitting in exchange. is it same for you guys as well?
Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on March 06, 2019, 09:33:47 AM The balance is from before hack.
It says nothing about the current status, anyway cryptopia didnt publish yet how they will handle the losses. Full Refund? Distribute the losses to all users? Leave only the users holding affected coins with the losses? Create tradeable Dept-Tokens they will change slowly to coins? Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 06, 2019, 04:02:20 PM Okay, so surprisingly my holding still sitting in exchange. is it same for you guys as well? Yes, the pre-hack balances are visible to everyone. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on March 06, 2019, 11:47:05 PM The balance is from before hack. It says nothing about the current status, anyway cryptopia didnt publish yet how they will handle the losses. Full Refund? Distribute the losses to all users? Leave only the users holding affected coins with the losses? Create tradeable Dept-Tokens they will change slowly to coins? i doubt we're seeing a full refund. if that were possible, they would have announced it ASAP. i don't think cryptopia has nearly that much free capital, and the 9.4% losses might even be after they put in as much of their own money as they could. i'm thinking they'll pro-rate the losses across all user accounts, convert the debts to a NZD-denominated token, and try to pay it back over time. if the losses are spread across lots of coins, that's the best way to do it. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: FlawlessDeal on March 06, 2019, 11:50:22 PM smells like exit scam
Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on March 07, 2019, 07:39:40 AM smells like exit scam that sounds doubtful. i've lived through many exit scams and this doesn't smell like one. if they were exit scamming, they wouldn't have gone straight to the police and then brought the site up in read-only mode. the problem now is their survival depends on peoples' faith in their viability. vircurex is an example of an exchange that got hacked and users left and never looked back. in the case of cryptopia i have a bit more faith because 1. the losses weren't that great and 2. cryptopia users really don't have many other options for trading their low cap coins. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 12, 2019, 09:04:51 PM A few updates posted on Cryptopia's official Twitter within the last few days:
Update: We are well aware of market volatility in Crypto, our next phase will be introducing cancel-only mode for users to cancel any positions accordingly before the trade engine is turned back on for trading. We aim to have this on the site in the next few days. As we work towards full re-launch of the platform, we have now enabled the ability for users to cancel their standing orders. The API is still disabled, so you will need to cancel through the website. If you want to cancel all orders in one go, this can be done from the account page under the Open Trades section: https://cryptopia.co.nz/Trades Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 16, 2019, 05:26:42 PM Cryptopia - my favorite exchange:
Despite our own issues, as a Christchurch company, our thoughts are with everyone affected by the recent shootings. I'll surely be using them again once they get back; they're handling the whole situation in a very good manner! Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: 1Referee on March 16, 2019, 07:03:43 PM Cryptopia - my favorite exchange: Despite our own issues, as a Christchurch company, our thoughts are with everyone affected by the recent shootings. I'll surely be using them again once they get back; they're handling the whole situation in a very good manner! I respect their Tweet to show support to the victims over there, but this doesn't make them a better exchange. Even if Cryptopia has the best intentions in the world to get things working again, I'm doubtful about their general capabilities of runnnig an exchange. It's not out of the ordinary that something like this will happen again as hackers are targeting these exchanges more than other exchanges for a reason. On the other hand, for the sake of people getting their funds back, I hope that this exchange ends up relaunching successfully. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 19, 2019, 07:32:07 PM A number of trade pairs have been enabled; the full list can be found here:
https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=3422c911db5c378032a664a14a96193c Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 21, 2019, 02:33:03 PM It seems like the damage is not limited to Ethereum and Ethereum tokens:
https://i.imgur.com/t4X8sOx.png https://twitter.com/notsofast/status/1108553195175981056 Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: squatter on March 21, 2019, 10:46:35 PM It seems like the damage is not limited to Ethereum and Ethereum tokens: https://twitter.com/notsofast/status/1108553195175981056 "We won't know the extent of the damage..." That doesn't sound good at all. Maybe they were too quick to announce that only 9.4% of their total holdings were stolen. :-\ The comment about BTC and LTC seems to confirm word from their Discord that BTC, LTC and ETH balances would all suffer a haircut. Can anyone confirm this info: Quote BTC = 14% Haircut LTC = 43% Haircut ETH = 100% Haircut Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on March 27, 2019, 04:27:46 PM "Another step towards restoring full service":
Today we have re-enabled the API in another step towards restoring full service. ...and glad to see Cryptopia's Twitter responding to queries of the users: https://i.imgur.com/JfD0MMB.png Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on May 14, 2019, 09:41:32 PM This is bad - they've not published any single update within the last 20 days! ::)
Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on May 15, 2019, 06:38:00 AM They are bankrupt.
All Coins that are left in our balance are lost. Dont expect anything to get back. 14-20% of funds stolen by hackers. 80% stolen by Cryptopia. LIARS and SCAMMERS Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on May 15, 2019, 12:04:48 PM This is bad - they've not published any single update within the last 20 days! ::) OMG, they just released a new update on their Twitter handle and it's definitely NOT a good one: Cryptopia Limited appoints Grant Thornton as Liquidators - https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/ From the press release: Quote 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. “We realise Cryptopia’s customers will want to have this matter resolved as soon as possible. We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of customers and stakeholders,” says David Ruscoe. “Given the complexities involved we expect the investigation to take months rather than weeks.” Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: examplens on May 15, 2019, 04:07:18 PM This is bad - they've not published any single update within the last 20 days! ::) OMG, they just released a new update on their Twitter handle and it's definitely NOT a good one: Cryptopia Limited appoints Grant Thornton as Liquidators - https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/ From the press release: Quote 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. “We realise Cryptopia’s customers will want to have this matter resolved as soon as possible. We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of customers and stakeholders,” says David Ruscoe. “Given the complexities involved we expect the investigation to take months rather than weeks.” After 20 days without any word from there, now they proclaiming bankruptcy. I'm not sure that there is no deliberate intention. Now closed all withdrawals and all coins remain in their pockets. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on May 15, 2019, 04:17:07 PM In the last days it looked as if the btc withdraws were long delayed, so maybe they were running out of coins.
That means, they would maybe not have hold the amount they should hold. Well after got hacked with 9-20% lost, they did the haircut, so the loss was already socialized. Most coins were trade disabled, even after they "secured" the wallets. There was no intention to give more than a few selected coins back, but they enabled deposit of BTC until the very moment they closed. Kind of scammy eh? All users that held coins today will probably see nothing any more, or only a fraction, and that after maybe years. So why did they file bancrupcy? After spreading lies about their progress and disinformation about the hack, what shall we believe? Isnt that extreme unfair to the users? What dead corpses are hidden under cryptopias carpets? Yesterdays maintenance screen showed: DONT PANIC Thats pure sarcasm, they even laugh about us stupid users loosing all funds... Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: erikalui on May 15, 2019, 07:49:31 PM Now I can say that they are scammers. They are not even giving us our own money. Fortunately I withdrew my BTC and I lost 0.03 BTC in altcoins now since they shut down. I feel more bad for users who lost more.
Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: pinoycash on May 15, 2019, 11:47:27 PM In the last days it looked as if the btc withdraws were long delayed, so maybe they were running out of coins. That means, they would maybe not have hold the amount they should hold. Well after got hacked with 9-20% lost, they did the haircut, so the loss was already socialized. Most coins were trade disabled, even after they "secured" the wallets. There was no intention to give more than a few selected coins back, but they enabled deposit of BTC until the very moment they closed. Kind of scammy eh? All users that held coins today will probably see nothing any more, or only a fraction, and that after maybe years. So why did they file bancrupcy? After spreading lies about their progress and disinformation about the hack, what shall we believe? Isnt that extreme unfair to the users? What dead corpses are hidden under cryptopias carpets? Yesterdays maintenance screen showed: DONT PANIC Thats pure sarcasm, they even laugh about us stupid users loosing all funds... Yes, Most probably there are no more bitcoins left and instead of saving a sinking ship they decided to let it sink. BTC suffers 14% haircut then what happens to others 86% bitcoins? Not everyone withdraw their coins in the hope that they will get back on track and resume normal operation. But everyone is caught off guard and now its all in the hands of the liquidators. All cryptopia founders already have a secure future with their customers money. And they are already off the hook and free to do anything even launch a new exchange if they want to. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on May 16, 2019, 09:46:44 PM Looks like someone really wants to be the next Cryptopia:
Alert! If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/ #Cryptopia #novaexchangev Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on May 16, 2019, 11:31:41 PM Looks like someone really wants to be the next Cryptopia: Alert! If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/ #Cryptopia #novaexchangev haha, sounds about right. nova exchange was once a contender in the super low cap coin market, up until their sloppy transfer of ownership where they shut down for several months. i guess cryptopia has left a big vacuum in this market. this is nova's chance to reclaim some market share. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: mr.relax on May 17, 2019, 05:11:45 AM Novaexchange has hidden hosting as whois shows.
I also cannot find an imprint on the website. Who is the company behind? Its shady as its totally anonymous but asks users to do KYC. I prefer KYE(KnowYourExchange) before I sent a satoshi there... Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: The Sceptical Chymist on May 17, 2019, 07:28:43 PM Now I can say that they are scammers. Yep, I just took a look at their home page and it definitely looks like shit an exit-scamming exchange would write. I never used Cryptopia, but I do feel bad for everyone who had coins there. Unbelievable. It's stuff like this that makes me really nervous about depositing even small amounts of crypto on an exchange. This last thing with Binance had me paranoid for about a week while they had deposits and withdrawals suspended. Binance customers got lucky, I guess. Cryptopia customers got screwed.And they are already off the hook and free to do anything even launch a new exchange if they want to. Are they? This just happened, so isn't the outcome at this point at least a little uncertain? I would assume that there are a lot of pissed off people who had coins on Cryptopia who might want to take some action, much like the Cryptsy situation (but I'm not even sure what the final outcome was of that one). Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: pinoycash on May 18, 2019, 03:51:15 PM Novaexchange has hidden hosting as whois shows. I also cannot find an imprint on the website. Who is the company behind? Its shady as its totally anonymous but asks users to do KYC. I prefer KYE(KnowYourExchange) before I sent a satoshi there... There was no information about the new owners. They are aggressive and getting more coins onboard in their project but due to their stiff exchange listing fees not many projects are getting listed on their platform due to non-existent volume. Looks like someone really wants to be the next Cryptopia: Alert! If listed with Cryptopia, list for free with Nova Exchange before June 1st. Read more on Nova News page: https://novaexchange.com/news/ #Cryptopia #novaexchangev You mean the next exchange that will get hacked :D Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on May 23, 2019, 09:21:08 PM The New Zealand Court has granted a 10 working day extension on the initial Cryptopia Ltd Liquidators report. It is now due on 4 June and will be available on the New Zealand Companies website when it is submitted ::) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on May 23, 2019, 09:31:58 PM Yep, I just took a look at their home page and it definitely looks like shit an exit-scamming exchange would write. I never used Cryptopia, but I do feel bad for everyone who had coins there. Unbelievable. It's stuff like this that makes me really nervous about depositing even small amounts of crypto on an exchange. This last thing with Binance had me paranoid for about a week while they had deposits and withdrawals suspended. Binance customers got lucky, I guess. Cryptopia customers got screwed. it's not just a matter of luck. this space has always been awash with shady, fly-by-night, and incompetent exchanges. doing some due diligence on where you deposit funds is paramount. binance and cryptopia are worlds apart in front-end coding, back-end coding, wallet maintenance, support. the list goes on. before cryptopia got hacked, they were a step above yobit---not somewhere i would be depositing funds. And they are already off the hook and free to do anything even launch a new exchange if they want to. Are they? This just happened, so isn't the outcome at this point at least a little uncertain? I would assume that there are a lot of pissed off people who had coins on Cryptopia who might want to take some action, much like the Cryptsy situation (but I'm not even sure what the final outcome was of that one). i doubt they'll be held criminally liable for being hacked. people might try civil actions but they'll probably get stonewalled by the liquidation process. plus, it'll be like trying to get blood from a stone. looks like the founder really is trying to launch another exchange: https://www.coindesk.com/collapsed-cryptopia-exchange-founder-wants-you-to-put-funds-in-his-new-project Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: bradock on May 24, 2019, 03:22:48 AM lol read this guy post about this
https://bitcointalk.org/index.php?topic=5146541.0 https://cryptonomist.ch/en/2019/05/22/cryptopia-founder-exchange-assetylene/ Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on July 19, 2019, 10:38:45 PM FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’
https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/ ::) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: gentlemand on July 20, 2019, 11:39:46 AM FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’ https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/ ::) Article gone. Another one here - https://steemit.com/palnet/@vcdragon/version-of-the-story-of-cryptopia-from-developer-him-self-how-it-start-and-end The allegation is that a company named Intranel, who one of the original Cryptopia owners worked for, eased their way into running the exchange and they're the ones who did an inside job with the hack just as they were forced out. Nothing to confirm who the writer is though. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on July 20, 2019, 10:05:18 PM FORMER CRYPTOPIA DEVELOPER SAYS HACK WAS ‘INSIDE JOB’ https://bitcoinist.com/former-cryptopia-developer-says-hack-was-an-inside-job/ ::) Article gone. Yup: https://pbs.twimg.com/media/D_38VVLXYAA1D6H.jpg https://i.imgur.com/2NobWmB.png Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on August 21, 2019, 12:22:57 AM The link to a fresh update has just been posted by Cryptopia's official Twitter handle:
Update for Cryptopia account holders 20 August 2019 https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-20-august-2019/ Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on October 28, 2019, 08:34:26 PM After months of waiting, we now have another (sort-of-lame) update:
Update for Cryptopia account holders 25 October 2019 https://www.grantthornton.co.nz/update-for-cryptopia-account-holders-25-October-2019/ Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on April 08, 2020, 11:42:24 PM We finally have an update after months of waiting:
A "win" for customers? Website: https://www.stuff.co.nz/business/120913953/cryptopia-account-holders-win-battle-over-assets-worth-140m Title: Cryptopia account holders win battle over assets worth $140m Byline and Date: Martin van Beynen and Sam Sherwood - 18:33, Apr 08 2020 Archive link: https://archive.vn/IpDZh (1/2) Today, 8 April 2020, Justice Gendall delivered his judgement finding firstly, cryptocurrencies are “property” within the definition outlined in s2 of the Companies Act 1993 and secondly, that account holders' cryptocurrency were held on multiple trusts, separated by ... (2/2) ... individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company. Read the full judgement here: https://bit.ly/3c1tbMx However, the blockchains of the coins that I had at Cryptopia have already forked to get rid of Cryptopia's holdings/dump... ::) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: gentlemand on April 08, 2020, 11:50:32 PM However, the blockchains of the coins that I had at Cryptopia have already forked to get rid of Cryptopia's holdings/dump... ::) A true definition of shitcoin. Does this judgement definitively mean people will get a decent portion of what they had there back or is it just the first step? Are there any threads on here about exchange ruination resolution? I saw a thing about a Cryptsy payout today, an insulting one, I can't think off the top of my head about any dead exchanges that had a happy ending. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on April 09, 2020, 12:00:34 AM is there a full accounting of the crypto funds posted somewhere? all the numbers i've seen are old and converted to USD. i'm wondering because the hack occurred in january 2019 when BTC was only worth half its current value.
Does this judgement definitively mean people will get a decent portion of what they had there back or is it just the first step? it sounds definitive, but who knows? supposedly account holders were slated to get back 1/2 their holdings in a bankruptcy like mt gox. now they will get considerably more: https://www.stuff.co.nz/business/120913953/cryptopia-account-holders-win-battle-over-assets-worth-140m Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on April 09, 2020, 02:29:01 PM However, the blockchains of the coins that I had at Cryptopia have already forked to get rid of Cryptopia's holdings/dump... ::) A true definition of shitcoin. True, most of such coins revolve around the decisions of just two or three developers. They can do anything they want with their chains. Are there any threads on here about exchange ruination resolution? I saw a thing about a Cryptsy payout today, an insulting one, I can't think off the top of my head about any dead exchanges that had a happy ending. It's not just you; I can't think of one good ending either. :-\ is there a full accounting of the crypto funds posted somewhere? all the numbers i've seen are old and converted to USD. i'm wondering because the hack occurred in january 2019 when BTC was only worth half its current value. That's a good point. I googled quite a lot and didn't really find the number of coins. ::) It's frustrating that Cointelegraph or Coindesk didn't bother to at least filter such stats out from the Cryptopia's addresses. Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: figmentofmyass on April 10, 2020, 12:26:09 AM it seems to be. i'm pleasantly surprised! i would have thought they'd have gone the way of standard bankruptcy proceedings (like mt gox) where account holders are ranked behind other creditors. under that scheme, account holders would only recover ~1/2 of their funds. they will probably recover closer to 80% or more this way. Most likely because they "understand" that most of the cryptopia creditors are its holders... the same applied to mt gox. the difference here is that mt gox held funds in an omnibus account, with no segregation of user accounts. in this case, the court found that since customer funds were segregated properly, they were held "in trust" and therefore are not company funds. therefore those funds cannot be used to pay cryptopia's creditors. for those who have been fuming at rob dawson and adam clark for their incompetence (or maybe an inside job): at least they properly segregated user funds. now you're gonna get a lot more money back! Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Raja_MBZ on June 11, 2020, 11:56:47 PM Liquidators’ Third Report on the State of Affairs of Cryptopia Limited (in Liquidation) Company number: 2392901 (12 June 2020)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/third-liquidators-report_cryptopia-12-06-2020.pdf Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: freedomno1 on February 09, 2021, 10:54:18 AM Liquidators’ Fourth Report on the State of Affairs of Cryptopia Limited (in Liquidation) (Dec 11 2020)
https://www.grantthornton.co.nz/globalassets/1.-member-firms/new-zealand/pdfs/fourth-liquidators-report_cryptopia.pdf Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: zazarb on March 09, 2021, 12:28:25 PM Maybe i woke up too late and this is not the place, but i can't find another one where the claims of account holders are discussed?
( I still not received inviting to register on the Cryptopia claims portal.) Title: Re: Cryptopia has been in "maintenance" for the last 14 hours! Post by: Bitcoin_Arena on March 09, 2021, 09:58:41 PM Maybe i woke up too late and this is not the place, but i can't find another one where the claims of account holders are discussed? You have been away for too long especially for someone with funds in an exchange. It has always been said that it's not a good practice to use exchanges as wallets to hold funds for long periods of time as anything from short notice shutdown to hack can happen to an exchange( I still not received inviting to register on the Cryptopia claims portal.) Trying using the forum search button or this tool (https://ninjastic.space/search) to locate different threads discussing Cryptopia I did get a few threads and links 1. https://bitcointalk.org/index.php?topic=5244875.0 2. https://bitcointalk.org/index.php?topic=5114363.0 3. https://www.grantthornton.co.nz/cryptopia-limited/ 4. https://twitter.com/Cryptopia_NZ |
