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So you think guys all the shitcoins left in Cryptopia are gone forever?  ??? https://twitter.com/Cryptopia_NZ/status/1128491715608727553

It seems they are closing down their business, sorry to those who treat Cryptopia their wallet, all your coins stored here could be gone, I'm glad I have sold all my shitcoins here in Cryptopia who will be the next big exchange to fold, take care of your coins.

I don't know for sure, but most likely they are lost forever. That's very unfortunate for all those people still holding coins on their exchange. Even if that are shitcoins they should have been allowed to withdraw them to a wallet they control. I myself had some very low amounts of ETN (not that I consider ETN a shitcoin), trading it just for fun, so I'm not really affected. But I can imagine people holding there huge amounts of coins, which would translate into huge losses.

Just another case showing us that exchanges should be used either for a quick trade, or you should put there the amount you are comfortable losing.

Yeah ... goodbye part of the investment, it is good that it was insignificant on this exchange. R.I.P.  :(

Cryptopia had became a dumping place of shit coins specially the mineable and POS once that people barely use. They were thinking of being a exchange for less used coins but traders and miners slowly started to realize that not every coin would get the a profit and moved towards the more popular options.

Good riddance though. If you have shitcoins in that exchanges, then definitely it's long gone.

I agree with @tsaroz, it's been a dumping ground for most shitcoins since 2017, although I have traded quite a few in past years, but I immediately get out of that exchanges, coz I know something is not right about their trading volumes.

Cryptopia was an exchange that many people participated in 2017 but after the attack of more than 15 million USD, this exchange was unable to control the situation and they declared bankruptcy. I think this will be a huge loss in the crypto community because many people are holding money here and they probably won't be able to get this money back in the future. Anyway, this is an exchange that I will keep in my memory because it helped me to earn a very high profit.

they have tried well, doing step by step treatments. but in the end if they leave forever, coin holders on their exchanges will be severely harmed. or they must provide clarification to the hodlers to withdraw coins from their exchanges even though they are called "shitcoin", at least so that their good name is maintained.

They have done everything just to save Cryptopia but it didn't work. They have done different remedies just to pursue it but they failed. The sad thing is some investments would really end up with nothing. We can't deny the fact that some exchanges might shut down anytime.

This is it and maybe the fault was because cryptopia team, i also think that some exchanges can close anytime but not the bigger one, and shitcoins should dissappear because affect the market.

The interesting part is that they make use of a liquidator. I think this is a very bad sign for people who have their coins in cryptopia wallets. You wont be able to access this wallets anymore, cause they belong to cryptopia and may be used to cover funds from banks etc.

Well, I have a very small amount of couple of coins fortunately. But they should at least let the people withdraw what is left there.  :(

Do y'all think some of these exchanges are behind some of these hacks, its going to be another hack most likely before the end of this year or next year.

I do not think cryptopia is gone entirely as their site even tells you that they are currently under maintenance and urge users not to panic as they will be back in less than no time. but in the long run all will be back to normal

i think cryptopia will be given time for every user that has a balance in their exchange to withdraw to their wallet

Hopefully so, I still left some funds in there, not very much though. But it is unfair if the exchange really doesn't give a chance for users to withdraw their assets.

Don't know what the better name to call this, an impressive problem solution or... a legal run. It seems, cryptopia itself is  not able to recover the lost fund until today, and perhaps this is the best way or the fairest way to resolve the issue. Moreover, this can be a way for cryptopia to "wash their hands" and run, leave the investors far behind.

After hacking in January, the team tried to get out of the crisis. Possibly, the rising price of the BTC,ETH and other  coins  didn't allow them to succeed. This is an example of what you shouldn't trust and store your coins in exchanges wallets.

OMG, sad to hear that, I have some coin on cryptopia exchange, I hope cryptopia will allow users to withdraw their coins.

Well, it's good that they are out of business, they have been hacked two times, and we need not wait for the third time, which has a possibility to happen again, and besides there are more good exchange now in the market, far better than Cryptopia.

shitcoins maybe gone forever but this is only in one market, there are still other markets. And anyway, there are also still many shittoken that exist in some markets.

They haven't decided yet, but we hope there is a good end, however Cryptopia is a history of exchange, another exchange learns from its disaster. Not sure Shitcoin will leave, there are still many other exchanges.

So its not the first time. They should have been very careful after the first. Since they wanna use liquidator does it mean they are going to close their exchange?

I'm not getting this right because they still can after all make it big if they can just do it right this time. This is if they are still wanna go on.

I saw a similar post on twitter with regards end of cryptopia. Actually I don't have funds stocked there but I hope something is done about it. Security is a big problem hindering crypto adoption. I wish more improved security tech are developed and embedded to exchanges. Exchanges should focus more on security and not profit making from fees, but that's not the case with most of them.

I don't think shitcoins will go forever if cryptopia dead because there are many other exchanges that they can try to add their coins and get more fans. The developer will search on the other exchange, and if they can prove to the other exchange that their project is legit, then they will have a chance to get the listed on that exchange.

Such a saddening moment cryptopia has been a great part of our trading experience yet one hacks stops it all, they can't handle that situation. A lot of traders who have their funds in cryptopia hoping to get their coins back for withdrawal has been given despair, they didn't given the chance to withdraw coins there let's move on with this shit exchange now , shitcoins will not be gone it's everywhere tho.

this is really bad news, and you are lucky if you already sold your coins in cryptopia
i still have a few coins there, but maybe i should forget my coins at cryptopia now
what a bad experience with cryptopia

I think this has signaled the end of cryptopia exchange, it's evident enough that the exchange is going to extinction. when a liquidator is introduced to a company therefore that is the end.

If you mean the hacked coins and tokens, they were gone since the beginning since there is no way to take them back from the hackers wallets. This is why users can't withdraw those coins and tokens, even if they still have them in their balances, since there are no real coins to withdraw from the exchange.

Even I had a few altcoins in my Cryptopia account, in addition to some CLM (Cryptopia Loss Marker) tokens. Now I don't think that I will receive any sort of compensation for the lost funds. But still I would consider myself lucky. Cryptopia was never my favorite exchange. I used it only for converting my tokens to Bitcoin or Ethereum (it was one of the few exchanges which supported so many tokens).

I meant only the shitcoins left in the exchange that people didn't withdraw before the hack. I know a lot of shitcoins can still be traded in other exchanges

Will they ever allow us to withdraw our funds this time?
I still have some BTC I kept there, those are just few but I'd like to withdraw them before they close their exchange forever. I thought they are back in business already as I can see they started promoting it in the forum again;.

Very bad news and an ugly timing for all traders and investors using cryptopia as its means of exchange. I think this exchange stole from themselves just to have a reason to exit.

Have you watched that news properly? there was a lot of people are still having their amounts in cryptopia and that's why they are all complaining about they can't withdraw their coin. Not all of coins were being affected caused by the cryptopia hack but most of users are not able to withdraw their money. Pleas, understand the case before you wanna say anything about that.

That is not all about the news it was all about the funds of every trader that was stock on their exchange because widrawal is still not currently available that's why people are still complaining they can't do anything and the sad part is cryptopia would be closing their platform and didn't know if we can widraw our funds there or not.

Cryptopia hired professional liquidators in order to analyze and assure the assets at the best level. Big chances that they might sell all those assets in order to pay Cryptopia users with balances. I am positive that people will receive payments but not the total amount. Those big accounts are ones to lose most here. :(

I don't know, since it's all being handled by the courts wouldn't that mean that they have to pay back the assets they still hold?
Or will they be publicly selling them off to pay off their other creditors?

I'd consider those coins gone, but maybe they will pay out a portion to their users eventually.
Could take years though...

Cryptopia disappearing will definitely affect the liquidity of coins that were dependent on that platform because other ones refused to list them. But then again, other smaller exchanges may pick of the slack in providing liquidity to these coins. The bankruptcy of this exchange should serve as a warning to avoid coins dependent on these exchanges.

even on this bullish moment, Cryptopia exchange give us bad news,
but it's not affected at the moment

If you pay attention at what I wrote you will realize I'm strictly talking about the coins and tokens that were hacked, not the others. I know not all coins were affected, and there is no reason for not letting users withdraw those unaffected coins. Happy now?

The cryptopia post on twitter is just for liquidations or just auditing, I think cryptopia exchange is not yet totally dead shitcoins are just terminology and everyone can call any name to any coins/tokens, wether its good or bad thats how i read the situation the so called shitcoins are here to stay.

It's better to take down their business rather than refunding the loss from the users lol, what a tactic. But, I heard that they were refunding the fund from the users.

While talking about the cryptopia exchange, this a very good exchange in terms of deposit and the withdrawals. But, the security of this exchange is like keep your goods out side of home. Very worst security that I have ever seen. I already lossed my coin here which was worth of $4000 then. I also contacted them but they don't listen to me and point to me that it is my fault. So, now I shut down my account from Cryptopia.

An unexpected turn, it is a pity of course, many believed that everything will be fine, as it turns out hacked apparently significantly that it is necessary to liquidate the exchange.But still I will say that I liked the exchange, very convenient and the volumes were.

It depends on the exchange itself. Looks like there is no news in this regard. Already this kind of small exchanges most time do not give back money, it can be made by major exchanges easily.

There's a big possibilities that they did that in order to make a reason for exiting this market, seeing that there's a lots of competition behind and the popularities already been gone long time ago, there's no clear evidence but only speculations, those shit coins will be gone from the circulations.

The main is the trader can't widraw their funds and suddenly cryptopia doesn't have any funds to refund all the needed money of all the users that got hack after all tradera are still waiting on the news if they can get their funds or not it was still lock for widrawal.

Agree with this small exchange can't give a money back return once they hack and it was a capability of user to kept their funds.

I think that this is so, but I really do not want to believe in it because I had a lot of tokens that were stolen from this exchange

Likely everyone who stored their cryptocurrencies will lose their coin if it is shitcoin or bitcoins everyone will use that is why we need to have that under our control not in under control of someone.

It seems they will gone this is the saddest part when someone has the problem in cryptopia that’s cannot make a withdrawal of their token on this exchange. So let us be careful and do not fully have the trust on a certain exchange because of the scam issue.

I didn't know small exchange doesn't give their traders money back, but for major exchanges sure they might give the money back but im pretty sure they will give the traders a hard time getting their money back.

I thought that Cryptopia is dead for about 3 months after a hack, why the h*ll you continued using this exchange? There is no reason for that!

It is so sad when I first read about this in telegram, just thinking about people who are not able to get out fast enough and their funds are still there, that's so bad. But in every happenings there is always a lesson to be learned.

after being hacked and comeback now they gone forever. very sad my ballance still there , not much but still regret it if i can't withdraw that one.  cryptopia still good for me for selling alt coin.

Shitcoin? cryptopia isn't the only one exchange market that listing many shit coin, many exchange like yobit , Coinexchange and etc still listed shit coin, so shit coin won't die. they still around us

Their website only says they are doing maintenance, they must be back anytime soon. They are not closing but just doing something else, maybe they are up to something after all there is a bullrun coming, it would be a big mistake to close it while there are profits to earn.

Yeah we all know here if shitcoin or altcoin with bad comdition is never be a profit for us.
The problem is how can we choose a good coin, i only choose coin with listed on CMC and don't want to take some risk for now.

Ever since they experienced the hack recently on their exchange, they have not been able to recover from it even though they had to bring out a withdrawal model, I don't really know why all this exchanges never learn from what have happened to other exchanges and always fall victim to hacks, they know that hackers are head bent on making sure that they lose all users fund, but yet they don't still take the security of their platform seriously, I can't imagine that a big exchange like binance can also be hacked but we can see it happen already, how can we now trust exchanges anymore.

I believe they will be paying those equity investors first because they have legal obligation to them.  Probably they will sell their users assets to BTC and reimburse these users on what is left after all the legal obligation to their equity investors are paid.  Really a sad day for small traders.

https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=20d84d54db69778084ed147a3a9619bc
Finally some clarification from Cryptopia from their website. Seem would take ages to get back anything from there if they will ever actually give anything back

They should but it will take a long time before they comply, maybe it will take some months if they will ever allow people to withdraw their tokens, I have seen so many sell order before it closed down and these are top coins, still worth millions of dollars.

Cryptopia is a shit exchange already so I didn't surprise for this. Maybe there is a chance for this exchange to bring back to life again but for me, this is already a dead exchange. Also, I'm not trading on Cryptopia so I don't care if this will shut down or not.

This exchange should be dead earlier!, though I have some shit coins in there, but I didn't care with that, considering the values it's only a vew bucks. shit coins will never die until the Holder and the buyer are gone.
do you think Ethereum make crypto worse? because most of shit coins are the Tokens from ETH blockchain or contracts.

I understand what you mean, many coins especially new coins only get listed on cryptopia ,God knows what will happen to those coins ,I'm sure it will be a heavy blow ,its advice able to only invest in good coins that are heading to multiple exchanges not single exchange

Yep,,, even with all the question and answers and the discussions, what I can say is that this is the long way to say people are not going to bet their shitcoins back. They may get 1% or something back for sure,,, but only in a long time. Imagine if Mt Gox took years to return Bitcoin, how much harder it will be to get back shitcoins? They should just write it off,,, move on, if it is a substantial amount, get into class action. Best to hope for.

Even though they had a lot of problems, surely they did their part to restore this. But the problem is how about the people who stored their tokens in the exchange site? Especially if you're using the program for quite a long time and stored a lot of shitcoins there I think it will profit to a little amount and for me that little amount still matters.

Who told you that Mt Gox has returned the coins to its users? Five years have passed since the robbery, and none of the victims have got any of their coins back. Last month, there was a statement given by one of the bankruptcy trustees, saying that it is going to take another two to five years.

The funds are currently being kept by the Mt. Gox bankruptcy trust. And as per reliable sources, this amounts to some $630 million worth of fiat currency and around 150,000 BTC worth of cryptocurrency.

Sorry from your losses guys whos they think that Cryptopia as there wallet, but I think IF Cryptopia has gone maybe it will down and they probably close their business. Once their site shut down all coins also were gone either good or shitcoins. People didn't after on shitcoin because it is almost don't have value in the market. Move on and let shit exchange die.

Totally agree, an opportunity should have been given to remove unaffected coins of the Exchange,

Well rip, another investigation and it says it will take months rather than weeks. I have bitsend on their exchange but not many because their wallet is always maintenance. Rip for people who have many coins on that site, it will stuck for months. Luckly i don't use cryptopia anymore since the hack incident.

Caue of shitcoins, crypto market is damaged. Cryptopia is one of the biggest exchange which collects shitcoins. I think this is good news, i hope people can take back their funds from the exchange.

I also really liked Cryptopia. I thought that this exchange will enter the top exchanges. but alas, this burglary story changed the fate of this company.

I don't think about shitcoins, but a big impact on investors, of course this is bad news that will make them think that whenever exchanges can be a scam other than coins or tokens.

I heard they asked for the appointment of a trustee. They probably didn't save the money. They didn't want to go under this load.

you're right. they simply did not find a way out from the nightmare in which they found themselves and there was nothing left for them to do but finish their work. very upset

I was so sad when i saw this, to think i made a huge loss to them folding is unimaginable. I was told to not keep my coins on an exchange but i felt its easier for me to trade that way, not knowing i will be amongst the victims who had their coins gone with the wind

I am believe this happen to many peoples. Cryptopia had many members and i think after they opening bitcoin deposits and withdrawal, cryptopia will survive but looks they had many problem inside. Hopely cryptopia can handle this with careful and transparant so investor can get their coin back

It seems  my assumption is true, they will liquidate any crypto-asset on the exchange, pay for their legal ties and responsibility then distribute what is left to their customers.  A very sad news for those customers who once give them profit.  

I think they will soon have a solution to return money to investors in the near future but this is likely to be very unlikely because after the attack then Cryptopia is very late in supporting customers should very low return rate. I personally participated in the exchange in 2018 because a lot of small coins had a very good price increase when listed here and helped me to earn a very high profit. Anyway we still have a lot of other exchanges and you should choose big exchange to ensure the best asset