I can only say that everything is clear with this manager putting official announcement ON DISCORD with a lot of explaining
Let's make a group law sue
Nothing is clear, especially what will the court decide. Compare the court decisions in MtGox (Japan), and Cryptsy (Belize, USA) as the most characteristic and different cases. At MtGox case the court decided very good, clients will get the most of the found, recovered Bitcoins, and in Cryptsy case the court decided to sell very big majority of the coins (smaller altcoins) to the only 3 persons for few thousands USD only to each of that buyers, as I have read. Is that risk acceptable to you? How much percent of your invested money do you plan to get in the case similar to the second one? Did you calculate that? I did not understand very well the "second method" but I at least want not to lose the not-steal coins (BTC) the problem of months of delays, I've seen it happen with bitgrail, is that in the meanwhile users will lose patience and will organize, file lawsuits, and we'll se no money anymore. I prefer getting a % NOW instead of waiting for a % in years. crypto could not exist anymore in 5 years (or, yes be a fortune) but in the case btc will worth, let's say 100k$, you usually get today's value. It's a lose-lose solution. |
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USD value of stolen coins at this 1 year bear market is minimal. No matter how much we paid for our coins, that current value of stolen coin at the 1 year bear market is minimal or close to it.
That could mean, Cryptopia's obligations to us, to their clients, measured in USD in such bear market is very likely quite minimal.
If we can't get our coins or funds (remaining) that could mean: our losses or missed opportunities could very likely become maximized in this bear market, and Cryptopia's obligations to us could very likely become minimized.
In the eventual court proceedings we have to ask for preventing the clearance sale of our funds.
I mostly have stable coins there. NZDT, USDT and some non ETH but also ETC coins. I'd like to access at least my stable coins NOW or yesterday! NZDT should be backed by NZD in cryptopia. No known external wallet other then by cryptopia. I have been scamed by bittrex stealing only my BTG so I sent my holdings there to cryptopia depending on how to spend the least to fucking bittrex! I am not WILLING to share losses to ETH or ETH Token holders in cryptopia!!! Fucking Anglosaxion cancer non existent customer service!!! No emails from both scam exchanges! hold your horses there is no question at all that that would happen .. they cannot use other users funds to share the losses on eth thats theft. But this is getting way out of hand we should all start contacting the NZ police to have them checkup on Cryptopia and urge them to let us take out our funds because they are just ignoring us. in Bitgrail's case, they will just do that (in many years to come) So, a week of "relentless work" aaaaand... silence.
Given how quickly they got pissed off in the past by things people said here or in some chat (yes Hort, I mean you among others), I guess they have read this thread and decided to never reopen at all because we are all just bitches and don't deserve it.. (and I am only kidding 50% here... if you ever watched a dev saying something nasty to them followed by having them delist the coin within a day on no other base than "dev is an asshole" you know what I am about) Anyway, should they reopen anytime, imagine the crypto bank run this will result in. From reading here and judging from my own impression, I strongly believe that everybody just wants to get his/her coins off there, so I have my doubts if we will be seeing them reopen at all - no matter what, there would be no liquidity there (and therefor no notable trading fees) for months or even years to come. If I would be running this exchange and I would have been plannning to reopen and make again money with trading fees (for example to cover lossses from the hack) I would have made my best to keep my customers confident, informed and in good faith. But all we've got so far (after more than 35 days) is only looking and feeling like a stiff middle finger from them pointing towards us all. So at this late point in time I have no choice than to come to the conclusion that they do not want to reopen at all or at least not within a foreseeable timespan. The best we all can do is to raise our right arm and move the hand in a waving manner. (you are now waving your coins on Cryptopsya goodbye, you know you should have done this some 30days ago)100% agree, and i wrote something similar a couple of weeks ago. The difference with Bitgrail is that everything was traded against NANO thats why sharing the losses could happen that way If its gonna go down like that its not done. Here it seems so far only Eth related stuff is missing (or are there new reports ? ) . Taking a haircut how would that work on coins only listed on cryptopia you would just Dump into the market ? I dont see how this would even be possible for some due to lack of buy support. that's not the reason, the court decided that. If cryptopia will bankrupt I think will be the same... AND... wasn't there some1 asserting 300+ btc were moved/perhaps stealed? |
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USD value of stolen coins at this 1 year bear market is minimal. No matter how much we paid for our coins, that current value of stolen coin at the 1 year bear market is minimal or close to it.
That could mean, Cryptopia's obligations to us, to their clients, measured in USD in such bear market is very likely quite minimal.
If we can't get our coins or funds (remaining) that could mean: our losses or missed opportunities could very likely become maximized in this bear market, and Cryptopia's obligations to us could very likely become minimized.
In the eventual court proceedings we have to ask for preventing the clearance sale of our funds.
I mostly have stable coins there. NZDT, USDT and some non ETH but also ETC coins. I'd like to access at least my stable coins NOW or yesterday! NZDT should be backed by NZD in cryptopia. No known external wallet other then by cryptopia. I have been scamed by bittrex stealing only my BTG so I sent my holdings there to cryptopia depending on how to spend the least to fucking bittrex! I am not WILLING to share losses to ETH or ETH Token holders in cryptopia!!! Fucking Anglosaxion cancer non existent customer service!!! No emails from both scam exchanges! hold your horses there is no question at all that that would happen .. they cannot use other users funds to share the losses on eth thats theft. But this is getting way out of hand we should all start contacting the NZ police to have them checkup on Cryptopia and urge them to let us take out our funds because they are just ignoring us. in Bitgrail's case, they will just do that (in many years to come) So, a week of "relentless work" aaaaand... silence.
Given how quickly they got pissed off in the past by things people said here or in some chat (yes Hort, I mean you among others), I guess they have read this thread and decided to never reopen at all because we are all just bitches and don't deserve it.. (and I am only kidding 50% here... if you ever watched a dev saying something nasty to them followed by having them delist the coin within a day on no other base than "dev is an asshole" you know what I am about) Anyway, should they reopen anytime, imagine the crypto bank run this will result in. From reading here and judging from my own impression, I strongly believe that everybody just wants to get his/her coins off there, so I have my doubts if we will be seeing them reopen at all - no matter what, there would be no liquidity there (and therefor no notable trading fees) for months or even years to come. If I would be running this exchange and I would have been plannning to reopen and make again money with trading fees (for example to cover lossses from the hack) I would have made my best to keep my customers confident, informed and in good faith. But all we've got so far (after more than 35 days) is only looking and feeling like a stiff middle finger from them pointing towards us all. So at this late point in time I have no choice than to come to the conclusion that they do not want to reopen at all or at least not within a foreseeable timespan. The best we all can do is to raise our right arm and move the hand in a waving manner. (you are now waving your coins on Cryptopsya goodbye, you know you should have done this some 30days ago)100% agree, and i wrote something similar a couple of weeks ago. |
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I don't think it has been a protocol hack. Why only on cryptopia? I think has been an inside job or another type of security breach.
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I can't believe they have still to "evaluate" how much funds have been stolen...
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Just in case you didn't see this in my thread: thanks for the update, from now on, the silence of cryptopia will be even more unacceptable and a bad sign. |
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if I can withdraw at least a 70% of my btc and 0% of tokens, will still be a "win" for me.
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chances that something will happen on 15 feb are 0.00
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what are you talking about.... a month has almost already passed...
that's nice this game: cryptopia: we cannot talk because of police - police: you must ask to cryptopia
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the more days pass without news, the more I think the hack has been catastrophic and the percentage of stolen coin very high... if, for example, hackers had access to btc wallets, bye bye cryptopia. if it has been an inside job why only steal eth and tokens, why don't steal also bitcoins...  i consider my funds lost every day more. |
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bitfinex is a giant and made billions with tether, and also in this scenario evey day there is some1 who is afraid of their collapse.
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in bitgrail case, the withdrawals were reopen for a couple of hours then suddenly closed again by the italian court, who declared bankrupcy months later, so also who had only no coin stolen (btc instead of nano) will have to wait forever. I think this is the worst solution for all.
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Can anyone explain why MobileGO (EMGO) has been delisted from this exchange? Or, how they like to say,"disintegrated" ?
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I don't want to spread FUD and sadness, but I was thinking... Think at the owner of an exchange that has been hacked, therefore has totally lost users' trust. He has (?) million of dollars on cold wallets and he perfectly knows that when will reopen, ppl will run to withdraw EVERYTHING and go trade elsewhere. He will face very hard months, in addition in a bear market that has already killed some exchanges. If you were him, what would you do?  When Cryptopia announced they were going to "allow" people to withdraw a portion of their holdings after they suffered 100+ 51% attacks and froze the accounts for multiple months I suggested on my Twitter Account that people withdraw all their funds on Cryptopia as they (Cryptopia) were effectively trading while insolvent. With multiple class actions being flagged against Cryptopia it stands to reason a liquidator would be called in to ensure creditors were paid out first followed by depositors a distant last place. Anyone who predicts Cryptopia will somehow reopen in February 2019 doesn't understand the magnitude of what is going on. (feel free to remind me in just 22 days time)
@xtraelv Your screen shot again implies I said those things. I did not. Please quote your source. unfortunately I did not read your twitter post so I did not reduce my cryptopia exposition. if cryptopia will bankrupt, no money for us. AND, your words make me think the hack as an excuse more probable. Remember, bear market is killing exchanges. Or better: they simply don't have so much convenience in continuing business besides doing an exit scam. Probably I am mad in continuing to have 100% of my funds on different exchanges. |
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I don't want to spread FUD and sadness, but I was thinking... Think at the owner of an exchange that has been hacked, therefore has totally lost users' trust. He has (?) million of dollars on cold wallets and he perfectly knows that when will reopen, ppl will run to withdraw EVERYTHING and go trade elsewhere. He will face very hard months, in addition in a bear market that has already killed some exchanges. If you were him, what would you do? |
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I am afraid hacker could steal private keys, not only got access to the wallets, so now it would be hard to stop this proceder - maybe only way would be give access to the rightfull owners (us) prior hacker steal rest of our money - but it seems quite impossible due to policy investigation
I don't think every user has his own private wallets. From what I have seen, when I deposited BTC on my deposit address, they were soon moved elsewhere. in addition, as we have no private keys, there is not much more we can do compared to cryptopia staff. |
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You will not take anything "with legal or force"...
Mtgox users were finally about to take their refund and now a random company did a billion dollar claim that will probably stop everything again...
according to the police declaration (no more money stolen etc.), i don't believe that honestly. If that's not true, the whole elementus analysis is wrong, so those are not hackers wallets, so we don't have idea of what have been stolen and how much. It can even be better than we think. But, I don't think so.
If the loss was <5M$ I think they had already reopened.
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I don't think it's a scam, but our funds are lost. Funds have continued to leak off cryptopia's wallets because they have probably lost the private keys and only the hackers (or better the thieves) can manage those wallets, ironically.
We can only pray the loss has not been catastrophic and they can reopen. The sad thing is that if they propose to give to us a % of the funds, will face legal sues because ppl is greedy and think is better to sue and take nothing in years, than have a sort of "stop loss" and rescue something fast. I'd prefer to take a % fast. I've seen this scheme with bitgrail.
Anyway, things can even be worse: have you heared abous the absurd quadriga FX situation? That has probably been a masterful exit scam, or a thing too stupid to be true
Exchanges play and gain with ppl money, and when they make a mistake, they pay with ppl money. Open an exchange, the job of the future!
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FWIW having that bot is not going to help you at all. trading is not about setting your orders on top of others to "win" the profit! that is a naive way of thinking.
trading is about speculating the market and then making the best decisions. if you think price X is the best entry price or exit price then you should not mind whether there are other orders in front of yours or not. the choice of price X is important.
these things may seem small and meaningless to you, but they are the factors that make someone an expert who consistently makes profit and another one a newbie who consistently loses money.
generally speaking, you're right. But believe me I did profits for months choosing a buy price x% lower than current price, with an order a bit bigger than average of the order book, and almoust every day someone sold to me at that price (and then I could sell elsewere at market price), but I always had to "share" my profits with those using that bot, whose orders were filled before mine. Looks like those bots scan the order book for new "big" orders coming, and if it's enough distant from the market price, puts the order 1 sat before yours. So you cannot even trick them to make an order you can fill yourself. You can also put more smaller orders and you somewhat slightly mislead them, but a certain point they catch your game all the same. |
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My god, I know those bots. My first experience happened on a Russian exchange. I changed my order and immediately the order below me changed and increased to just 1 sat above me. And the same thing on the other side of market. I thought this was banned by exchanges but later, I realized that all exchanges allow it. After all, they make money from commissions so they don't care.
I guess these bots are easy to use. Do share what else you find out. I would like to try it maybe if someone can find where it is located.
happy to see someone else is interested... I am afraid these are custom scripts I've some coding skills but not enough to code myself from scratch... |
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