Bitcoin Forum

https://i.imgur.com/qv4KOiI.png
https://twitter.com/Cryptopia_NZ


What a shame..

https://www.cryptodigest.com/exchanges/huge-transfer-of-erc-20-from-cryptopia-raise-red-flags/


All I have heard talk of so far is just ERC-20 tolkens..


Being tracked to exchanges..


Hopefully this is all they were able to get and they might be able to recover some of them from the exchange accounts they are being sent to.
Hopefully the rest of the customers funds are safe.

I have had an account their for years but thankfully I haven't been keeping coin in exchanges in quite a while..



https://bitcoinist.com/cryptopia-exchange-hacked/

Crypto news outlets are jumping all over the story.. Search "cryptopia hacked" for many articles..

I have 3,000 tether there, at least part of them will be given away. All this is bad. ???

Another one bites the dust. Though I think ERC20 tokens are a cancer to crypto anyway.

Still, that's a lot of money. Too much money in a hot wallet. And you can never be sure it wasn't an inside job.

I don't know how many people are using this place, but I've heard of such things in this exchange before.

https://bitcointalk.org/index.php?topic=5097523.0

more up to speed thread
🔥🔥🔥

Was just ETH and ERC20 tokens stolen? Any news about BTC and other altcoins?

Anyone knows Cryptopia BTC address?

Still there is no news from the cryptopia about what they lost,this information just given by someone anonymous.But the hack will be huge since no hacker will do any left out.But I had suspicion that they prepared for exit scam before a while.

I thought of moving a bit ETH there some time ago, luckily I did not, it's very concerning to hear from this hack. I hope it is not that bad as it sounds right now because cryptopias news about the hack are very alarming. Hackers always try to cause a big damage on their profit, I hope the'll be caught.

I had a lot of ERC20 tokens there, I hope that they are still there, or are there any information whether this exchange will start? I hope it was not an internal job and in the end everything will be back to normal?

you should have stored your erc20 tokens to your wallet and not in the exchange. there's always possibility of encountering that situation even if the exchange is already tight secured and established. and the problem is, we don't know when will cryptopia be in operations again. and if you can recover your coins???

It is true, it is not good practice to keep tokens on a currency exchange office, but I planned to replace them soon and I happened to meet such a case.

this is terrible. this is proof that the exchange is increasingly insecure. this incident keeps repeating and I think it's quite dangerous. there must be a new policy for each exchange, at least providing a guarantee of security to the user. >:(

What hackers? Do you believe that? The thieves are working on Cryptopia. Last year I lost coins on Cryptopia. I've replaced Zero coins for Bitcoins and my Bitcoins have never appeared on the account ever. The thieves did not want return my the coins.

probably it's just some system error
because i still fine with my PLR inside
now i worried about it.
since i see massive transfer from cryptopia ETH address.

That's what I also wonder. As of the moment, there we're no official updates regarding the hack incident but it really is suspicious because that happened before the constantinople fork, they could multiply their money by receiving the forked coin I guess.

Good point, maybe the hackers planned to take this into consideration, cryptopia also supported Constantinople Hardfork. But normally, it's usual that lots of investors transfer coins to own wallets instead of storing them in exchanges during Hardforks.
Profits from split coins were profitable once, when B-Cash forked from Bitcoin. I'm not sure if it will become profitable a second time.

So many things have happened since I got back from my crypto break. Price went back to normal after getting a new low. Ethereum hard forks. Even Bitcoin Cash hard forks and then now cryptopia hacked. This isn't the first time it's happened right? And the rumor this time is that it's actually an insider job. When are we going to get tired of centralized exchanges and move to DEX?

I hope we will see our funds again, but I dont hold my breath for it.

The news from New Zeland police department that handles Cryptopia case:
https://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company

Bad news. I wonder whether is this the drama that was erected by them? And are they willing to compensate users?

I would be suprised if all would end up well for the users...

No news from Cryptopia so far about compensations, just police report

Also the main site is down and no notice when they will open it.

Seems like 'shitopia' becomes really shit now. I wonder how will they react to this problem. They might have reported it to the police but if they don't handle customers complaints perfectly then it seems the end of this exchange is more than guaranteed. Bye bye forever.

I blame myself for not withdrawing my funds ...

I thought about ti for a while, but then I would have to download altcoin wallets and I had too much altcoins there:(

It is time to make diversification smaller I guess and hold fewer coins.

Those were not your funds. Not your keys = not your funds. Those were IOUs which you've now lost. Anyone who is using an exchange as an wallet has nobody else to blame but themselves. Cryptopia was a horrible exchange to begin with.

Until it happened it was one of those things that "happens to someone else".

One more lesson learned in the crypto world :( The upside of Cryptopia was that it had very much altcoins listed and didn't require KYC.

Indeed it is, and no one except the account holder is responsible. Of course, Cryptopia it's a horrible exchange, but using such platforms is always risky (Binance, Bittrex etc). For this reason, I paid attention to services without registration, which I do not actually transfer my funds to. I once used Shapeshift, but they also entered an account, and now I use Changenow as one of the ways to instantly exchange my coins.