Bitcoin Forum
May 13, 2024, 03:46:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 »
41  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 15, 2019, 07:52:52 AM
Synchronization from the zero block of such a number of wallets is a really lengthy procedure.

That is not the issue. You can check on their coin info page that all the wallets are in sync.
42  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 10, 2019, 11:25:41 AM
I highly doubt he has any funds in cryptopia he just a fudster trying to create fear out of thin air
Why limit to Cryptopia? Wherever he has funds, fiat included.

Just to prove he means what he preaches.
43  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 10, 2019, 09:37:49 AM
Can I suggest a two year lockup of ALL funds, followed by a 40% haircut.
I suggest a 100% haircut of YOUR funds and in turn 2 other customers get NO haircut.

I'm always of the opinion that you should put your shit where your mouth is...
44  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 06, 2019, 06:22:24 AM
Why don't they just cancel all trading order using their admin panel interface or they just really that incompetent in handling this situation.

There are accounts that have thousands of open orders. It may be cumbersome to redo all the strategy and having the most flexibility is best. If you want to cancel all, there's a button for this.
45  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 05, 2019, 08:35:58 AM
so tested >>
transfers (nope)
cancel orders (nope)
delete addie (nope)
Delete address in Withdrawal address book - yes.

Anyone want to test changing password or is that readonly too?
Working.

Change 2FA ... sorry I don't see that on the gui menu?
[the menu is for having it on/off for 6 features]
Just turn off all the 6 items one by one (you can't reuse an already used code), then activate the first one and check the mark to apply to all unsecured features.

Lost & Found
Everything checks according to my records. Waiting now for the next move.
46  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 05, 2019, 07:25:08 AM
I for one was not logged in one minute before the site closed in January, but I had open orders. So showing a pre-hack situation is good, so that I can take a snapshot of the account and all the trades.
47  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 01, 2019, 01:38:58 PM
1) cryptopia covers losses <- best option, it HAS to cover if can
2) haircut <- NO if 1) is possible
3) lawsuit to try to obtain 100% <- stupidest option if 2) is possible.
There's a misleading assumption here: that litigation means all assets are frozen an the company is closed. That's not true. Companies are involved in lawsuits all the time and they function just fine. So stop scaring people that they won't see anything if they do not accept a haircut solution. If they do apply a haircut and some aggravated customers decide to sue, the outcome will be decided in court, although it's pretty straight forward what the outcome would be: cover the losses.

You are not applying proper judgement to this situation. While it is true that bankrupting companies and stealing from creditors is an exit method, this method is more successful in countries with corrupt justice systems, where crooked businessmen bribe the judges to declare them not responsible. But as far as I remember New Zealand is a country that enforces rule of law and has a trustworthy justice system so suing a company does not automatically mean the company is bankrupt just because the owner wants so.
48  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 28, 2019, 04:00:04 PM
covered by what ? either they have insurance or they dont u cant get blood from a stone or are the shareholders liable ? im sure there is some small print that saves them from taking any personal losses.
The company is liable 100% to the creditors, this includes people having coins on the exchange.

I hope that this "everyone takes a 10% haircut" bullshit goes away thats not even possible for most coins on there that are pretty much illiquid dead with no real buy support so that would be a very uneven haircut
This haircut BS is being peddled by users. No one from the exchange has mentioned a haircut (yet). So it's baffling that people are asking for a haircut. Or are trolls sent to get us acquainted with the idea.

If you are not a troll, then it's plain stupid on your part to ask for a haircut. You, as users, should oppose any haircut.
49  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 28, 2019, 10:33:08 AM
Amazing, At least you aren't screaming exit scam FUD anymore though so, small victories.
I suppose "you" is the plural form, as you, Ben (in the singular) won't find a single post from me saying exit scam. However, doing now what should have been done 5 weeks ago is hardly worth celebrating.

I'm eagerly awaiting the resolution of the theft in the single way honest: covered by Cryptopia. Only then we would be celebrating.

Do custodial officers not know which keys are HOT and which are secured COLD stored?
This is interesting ground for speculation. I must clearly say I'm only speculating, but they have acted as if it was an inside job, as if someone physically stole the keys. An associate, an employee or a contractor. Just speculation, I say again.
50  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 28, 2019, 08:50:17 AM
If they decided to follow my advice, they could have done it sooner.

Quote from: Cryptopia
Cryptopia Exchange
‏ @Cryptopia_NZ
9h9 hours ago

Further to our news yesterday, we are pleased to announce the return of our both our founders Adam Clark & Rob Dawson back into Cryptopia, their focus will be to set a clear strategic direction moving forwards. More updates to come.

They could allow read only access to customers, in order to take snapshots of the accounts. That would be the honest thing to do.

Quote from: Cryptopia
Cryptopia Exchange
‏ @Cryptopia_NZ
5h5 hours ago

Update: We are aiming to have the Cryptopia site re-opened as read only by Monday.
51  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 27, 2019, 08:11:19 AM
nearly 10% of funds ($ 23M NZ$ ~ $16M US$) implies ~ $ 150M US$ worth of crypto is/was sitting on Cryptopia at the moment.
Assuming:
- The eval of 23 M is correct
- Nothing was recovered. Binace said they recovered something. Police also hinted they recovered something.

It's no use telling people to deposit to new addresses if the sites still in maintenance?
Actually they are saying not to deposit to the old addresses. They are not saying to deposit.

Good tweet, only 10%, that spread amongst all users is just another day in crypto land.
Why socialize the losses? Are you asking to be deposed of your holdings, even if nothing of yours was stolen and even if it was not your responsibility to protect the funds? Is there no responsibility for the operator?
52  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 24, 2019, 10:26:47 PM
So basically that update says they've been copying hard drives for a month and did nothing else. Makes you wonder why involve the police in the first place.

Look what I wrote on January 16th:
If the law enforcement is involved, this will not have a speedy resolution. They'll "arrest the hard drive" and things will drag, maybe there'll be people prosecuted, a trial and so on.

I'm confused about the timeline. This A person posting on their twitter, presumably the owner himself, kept reassuring users (by directly replying to their tweets) they are hard at work and it won't be long now, when they seem to have known at that time there was a security incident.

Involving the police seems, to me, as a move on their part to limit personal liability. This lack of information as well: when lawyers advise you to STFU, usually means it's in your personal interest.
Scene examination... hm... they're going to dust the USB cable for prints or what? Check for a shoeprint of the hacker eloping with the crypto in the duffel bag?
Recovering funds is just one of the priorities. Not the biggest, apparently. Which are the other priorities?

Now, going back to that timeline thing, in this latest update it says they noticed something funny on January 14th. That's Monday. Help me with something: in the weekend prior, that is between 11th and 13th, I noticed (empirically) a drop in trade volume. Did anyone else noticed that?

And also:
https://twitter.com/Cryptopia_NZ/status/1084705458533785601

I'm definitely not 24h away from NZ and this tweet appears for me on January 13th. I don't get this:
Quote
It is important to consider the timeline of this event: Firstly, the crime/hack/breach was identified on the evening of 14 January 2019. The company staff that identified the event immediately froze the exchange and locked down the platform
53  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 24, 2019, 03:16:50 PM
Cryptopia is a Limited liability company. (LLC) It has no "owners". It has shareholders and a director.
The shareholders don't run the company or have any say in the management of the company.
So basically there's no one to talk to and obviously no one to blame. No one to blame. Isn't that what you're saying here since you two started doing "damage control"?  Grin Grin

I think he is sitting at home bored (it is 4 am in NZ) watching people attack his friends and family.
Family, that's strange. Tell this family to start taking responsibility, to start telling customers what they intend to do with their money and no one will be "attacking" them. That's bold and presumptuous, calling "attack" people being concerned about their money.
54  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 24, 2019, 01:40:57 PM
Before paying someone to engage in PR they need to establish whether they can continue trading. Otherwise it is my and your funds they spend on that PR.
No one needs to be paid. The CEO or the owners should be the ones providing the updates and reassure everyone they are doing everything they can to overcome the situation. If it comes to hiring PR firms, then it means things are dire.

They might not have that information yet, let alone be ready to share it with the general public or if that would even be safe to do.
That's impossible. If police was there, it means there was a complaint filed, therefore something to complain about. Please don't keep insulting our intelligence claiming they (still) don't know what happened.

Personally, I'd rather wait to hear what they have to say than listen to anyone in here... since there are a lot of personal agendas flying around and no facts or proof.
Pressure from the customers is good. It keeps you on your toes and reminds you of your duty to people who have entrusted you with their hard earned money.
55  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 24, 2019, 01:17:06 PM
Most of the staff, shareholders, CEFs holders and coin devs that have listed coins are in the same position as the standard members of the exchange. Most of them will have crypto balances on the exchange, investments that are reliant on the exchange and few or no answers. There are many coins that are reliant on the exchange for trading volume.  It is in everyones interest to get this sorted out so everyone can have some answers.

Coincheck took 10 months to re-open. I think Cryptopia deserves more than 9 days back in their premises to provide some answers.
Every good business practice that I know of dictates that, in situation of crisis, you engage with your customers. You reassure them you're doing everything you can. You provide (honest) status updates. This brings confidence to customers and allows them to support you while you overcome the crisis. If that's what you actually intend.

But here we see nothing of this kind. No real communication. No real information about what happened. If you have a channel with the owners or managers, tell them they are doing it very wrong.
56  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 24, 2019, 10:36:18 AM
I know everyone is an expert in here and has multiple exchanges of their own and are happy to state how THEY or Cryptopia SHOULD have done things but thats not the case.
Some of use here are business owners or have been involved in the management of a business and we know very well how customer relations should be handled. What Cryptopia is doing - keeping silent - is at least suspicious and very worrying from a customer relations perspective. Effectively severing relations with your customers and perhaps sending some anonymous persons to annoy the user base shows that you don't want customers any more.

Also Cryptopia doesnt "instantly" delist coins, their knowledge base site specifically states when a coin was announced to be delisted and when it will be delisted (usually a month later).
Actually they did just that - they suspended trading at the moment of the announcement, that's an effective delisting.

One could even think you are an agent provocateur from another exchange as you make Cryptopia look even worse than it already does after 40days of complete silence.
Nothing prevents them from setting the record straight, to announce the facts and any future plans, to put their customers' minds at ease. But they don't do it. I only know of one such instance when you keep silent despite making things worse by doing so: when the lawyers tell you to say nothing further in order not to draw any (more) personal liability.
57  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 21, 2019, 04:00:32 PM
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)

This is a little different than a dev starting a new coin and playing god with regular users. This is an exchange, a business like any other business and is very much responsible under the law to the people having funds in their custody. This is not a dev and users, this is business owners and paying customers. Having to take care of someone else's money is one of the most serious things in the world. I'm surprised I need to point out the difference.
58  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 21, 2019, 01:25:48 PM
So, a week of "relentless work" aaaaand... silence.
59  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 16, 2019, 04:16:20 PM
They were literally locked out of their own building and systems.
With all due respect, I find that hard to believe, unless they themselves are suspects. Restricted from certain rooms and computer systems maybe, but kept out of the building as owners and damaged party is something unusual.

Really, are we expected to believe police knows the systems better then the owners and operators, especially in something as out of mainstream as crypto and they can investigate themselves with no help?
60  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: February 16, 2019, 02:35:13 PM
I have attempted to keep the community updated. As I have said many times before - I do not work for Cryptopia - I do have a role there as a volunteer moderator. I got that role after I was particularly active in identifying phishing scams and other threats that could result in users losing funds.

Please pass to the owners/managers that they have to assume responsibility for what happened and they have to keep the customers updated about:
- what's going on with their money
- what are they actively doing to protect their money

Hiding behind the police for a month it's not acceptable for any business owners.

No one was sent here on "official capacity" and not to insult you but your diagnosis on the situation just shows your lack of understanding of how these events are handled in general let alone specific elements.
If you are not an official representative then you should stop acting like one. Your assumptions about what others know about police and legal procedures are presumptuous.

I don't like the fact that for a month there was silence and all of a sudden today we have 3 forum users who claim have ties with Cryptopia, are not officials, but are trying to convince us of... something. What are you trying to convince us of, anyway? It looks to me you are trying to convince us that the owners have no responsibility. Well, you are wrong and as business owners they have.
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!