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Title: Is cryptopia dead? Post by: justone123 on April 08, 2019, 04:05:35 PM 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?
Title: Re: Is cryptopia dead? Post by: vv181 on April 08, 2019, 04:22:21 PM 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
Title: Re: Is cryptopia dead? Post by: r1a2y3m4 on April 08, 2019, 04:45:58 PM 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?
Title: Re: Is cryptopia dead? Post by: Nifflerco on April 08, 2019, 05:06:22 PM Does exchange plan to work on reimbursing their customers after they relaunch? Must be hard to re-launch after rep is damaged so badly.
Title: Re: Is cryptopia dead? Post by: mk4 on April 08, 2019, 05:10:03 PM 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. https://i.imgur.com/k6zTgYN.png Tweet link: https://twitter.com/Cryptopia_NZ/status/1107811759941779456 Title: Re: Is cryptopia dead? Post by: ryzaadit on April 08, 2019, 05:24:30 PM 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 :
Title: Re: Is cryptopia dead? Post by: Nifflerco on April 08, 2019, 05:30:48 PM 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. https://i.imgur.com/k6zTgYN.png 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. Title: Re: Is cryptopia dead? Post by: pawanjain on April 08, 2019, 05:51:10 PM 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. Title: Re: Is cryptopia dead? Post by: 1Referee on April 08, 2019, 06:20:08 PM 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. ::) Title: Re: Is cryptopia dead? Post by: milewilda on April 08, 2019, 08:51:15 PM 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. ::) 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. Title: Re: Is cryptopia dead? Post by: BitHodler on April 08, 2019, 09:45:58 PM 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. Title: Re: Is cryptopia dead? Post by: jhenfelipe on April 08, 2019, 11:15:50 PM 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 (https://bitcointalk.org/index.php?topic=1669443.0) too. Title: Re: Is cryptopia dead? Post by: akamit on April 08, 2019, 11:23:21 PM 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. Title: Re: Is cryptopia dead? Post by: harizen on April 08, 2019, 11:28:07 PM 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. Title: Re: Is cryptopia dead? Post by: LeGaulois on April 09, 2019, 04:29:12 PM 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.
Title: Re: Is cryptopia dead? Post by: enhu on April 09, 2019, 04:36:02 PM 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. Title: Re: Is cryptopia dead? Post by: carlfebz2 on April 09, 2019, 07:04:28 PM 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. 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. Title: Re: Is cryptopia dead? Post by: nc50lc on April 10, 2019, 04:21:06 AM 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). Title: Re: Is cryptopia dead? Post by: Netnox on April 10, 2019, 05:55:54 AM 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://bitcointalk.org/index.php?topic=5097601.0 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. Title: Re: Is cryptopia dead? Post by: erikalui on April 10, 2019, 09:50:45 AM 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. Title: Re: Is cryptopia dead? Post by: Kemarit on April 10, 2019, 03:59:09 PM 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://bitcointalk.org/index.php?topic=5097601.0 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. Title: Re: Is cryptopia dead? Post by: vintages on April 10, 2019, 07:22:17 PM 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. Title: Re: Is cryptopia dead? Post by: Netnox on April 14, 2019, 06:06:42 AM 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. Title: Re: Is cryptopia dead? Post by: coin-investor on April 15, 2019, 05:06:27 PM 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. Title: Re: Is cryptopia dead? Post by: vv181 on April 15, 2019, 06:10:16 PM 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.Title: Re: Is cryptopia dead? Post by: polylogic on May 15, 2019, 08:58:16 AM Cryptopia is now DEAD :'(
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 liquidation@cryptopia.co.nz Title: Re: Is cryptopia dead? Post by: Kemarit on May 15, 2019, 07:14:43 PM 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. ;D
Title: Re: Is cryptopia dead? Post by: erikalui on May 15, 2019, 08:00:47 PM 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. ;D Yeah and people who have lost their money also would love to see their money gone. How insensitive! Title: Re: Is cryptopia dead? Post by: akamit on May 15, 2019, 08:09:49 PM 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. ;D 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. Title: Re: Is cryptopia dead? Post by: erikalui on May 15, 2019, 08:20:40 PM 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. Title: Re: Is cryptopia dead? Post by: akamit on May 15, 2019, 08:30:33 PM So you mean to say I'll not be getting one of the shitcoin from cryptopia which I've there? :( 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. :( Title: Re: Is cryptopia dead? Post by: pinoycash on May 15, 2019, 11:30:10 PM 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. Title: Re: Is cryptopia dead? Post by: robelneo on May 16, 2019, 12:02:40 AM 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. 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. Title: Re: Is cryptopia dead? Post by: pinoycash on May 16, 2019, 12:11:10 AM 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. 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. Title: Re: Is cryptopia dead? Post by: AirdropDailyUpdates on June 27, 2019, 06:44:58 PM i have about 50 btc there, so i learned dont stored alot of your crypto on any exchange..
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