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101  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 06, 2019, 03:12:27 PM
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?  Wink

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.
102  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 05, 2019, 08:46:20 PM
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?  Wink
103  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 05, 2019, 01:13:47 PM


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.
104  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 05, 2019, 08:41:57 AM
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.
105  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 04, 2019, 10:05:47 PM
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!
106  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Looking for the annoying "1 sat" bot. on: January 31, 2019, 08:51:33 AM
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.
107  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Looking for the annoying "1 sat" bot. on: January 31, 2019, 08:45:26 AM
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...
108  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Looking for the annoying "1 sat" bot. on: January 29, 2019, 09:57:56 PM
Yeah they are pretty annoying if you have been trading daily. I don't know what kind of bot is that but they usually do this to make pump and dump. They are all over majority of exchange and I think these are the same people behind all of those bots.

I searched for those bot but it seem no info found and one discussion that I've found is this:
https://www.reddit.com/r/binance/comments/76v46r/whats_your_feelings_on_all_the_bots_trading_on/

thanks for reply,

I think there are many kind of bots out there, like you say pump and dump bots (the ones very fast to buy after the signal and sell), wash trading bots (bots buying and selling to themselves, to increase exchange volume and attract users) but the bot i am searching is a different kind and I think is driven by skilled investors, indeed it can greatly help you to catch fatfingers and buy at a low price (or sell at high) because they can put the order always in the first place...
109  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 29, 2019, 06:20:15 PM
and while NZ police investigates on nothing, hundreds of thousands of tokens are sold on etherdelta  Roll Eyes

110  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 29, 2019, 02:23:52 PM


Do you think they'd end up closing the cryptopia exchange like the plan of Liqui exchange?

Excuse me because its playing round in my mind about most f the business that are closing down due to the bear market. I'm also concern because I still have funds in this exchange. Is there going to be a withdrawal notice soon?



if the exchanges fail for the bear market, imagine how much they can bankrupt with bear market + a million dollars steal.
Yesterday I was able to withdraw from liqui, and that's a good thing.

I have funds on cryptopia too (exactly 10x what I had on liqui.io) but I consider those likely to be lost.
111  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 29, 2019, 01:29:01 PM
https://elementus.io/blog/cryptopia-hacker-strikes-again-15-days-later/
112  Alternate cryptocurrencies / Service Discussion (Altcoins) / Looking for the annoying "1 sat" bot. on: January 29, 2019, 10:34:09 AM
Hi all,

have you ever tried to buy the dip on a small exchange, creating a medium-large buy order at a considerably lower price than current price, and here we are! from nowere another trader puts an order one satoshi higher than yours in a matter of seconds. Of course those are bots, I just want to fight with same weapons and ask if someone knows what bot is that, if it's a commercial one or custom.

thanks to all.
113  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 29, 2019, 10:17:13 AM
I don't get the point of this anger against an user wo is only trying to keep us updated, even if he just pastes here things found on the internet...
114  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 27, 2019, 12:30:25 PM
https://www.canterburylegal.co.nz/cryptopia/

a group of Christchurch lawyers

lol posting that link (anyway, the message is old 2018) we just did a small step towards bankuptcy that is a defeat for everyone in my opinion. I hope no one has intention of envolving lawyers, they just completely fucked up Bitgrail situation.
115  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 27, 2019, 04:29:20 AM
I am afraid now we can consider cryptopia case as lost Sad
There is a list of stolen cryptocurrencies (with amounts)  https://github.com/elementus-io/cryptopia-hack/blob/master/README.md
It is about $16M USD overalll and with current market condition I cannot be optimistic Sad

so no BTC stolen? Uhhmmm...

If the cryptopia hacker can't spend the stolen funds maybe cryptopia could offer the hacker 10 pct of the total too return it i don't know how something like that would work but it's worth a try I'm sure cryptopia users be way happier too lose maybe 10 pct and get there accounts back if possible just a thought I'm sure it's pretty hard too execute a plan like that but desperate times. Desperate measures

how could be impossible to spend stolen tokens?
116  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 26, 2019, 09:48:45 PM
I can only be happy of the 35% of my funds withdrawn a few days before the hack.

Unfortunately I start to consider lost the remaining 65%... Luckily, I only had less than 25% of my crypto on cryptopia. Bitgral hack was much more catastrophic to me, holding more than 50% of mu funds at that time (I will never accentrate so much again on a single exchange)
117  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 25, 2019, 03:03:36 PM


at this point, when a single IT operator can have access to all the private keys of an exchange, that handle million of dollars, I think any exchange will ever be 100% safe. When the prize is higher than a certain amount, there is no honest man, everyone has his price.

AND, cryptos are barely traceable.
118  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 25, 2019, 02:00:02 PM
If your coins on cryptopia weren't. Hacked will you be allowed too withdraw them and when will you be allowed access your cryptopia account too see what if anything is left

i would just like to know if cryptopia assessed a loss of 15 or even 30M $, if it can be solvent and continue business or will decide to bankrupt and we all lose.

I think they already know how things will end.
119  Economy / Exchanges / Re: Cryptopia - ONLINE ARTICLES related to hack & theft of funds 2019 (non discussion thread) on: January 24, 2019, 02:57:41 PM
I don't understand from ths thread if BTC have been stolen too or not.
120  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: January 24, 2019, 09:26:40 AM

why post again this wrong article
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