Cryptopia is gone?

[udidrone]

It wouldn't be fair if they just close without giving their users the time to withdraw their funds.

But you forgot the rule in crypto. Its not your money if you dont hold the private key. Its their money because they have the private key, they control the funds.

Right, a lot of people say that. But some traders wouldn't want to transfer their coins every they want to trade. I think dex kind of market will be famous if this thing keep happen. Because in dex, people control their money.

[edisystem]

The authorities of New Zealand hold the exchange again for investigation that can take months, based on what i check on cryptopia site. I guess cryptopia is not completely gone but you need to wait.

Good luck to you OP, i hope your coins still fine there. I'm surprised people still want to use cryptopia after the hack.

[McMnaman]

I heard that the creator or Cryptopia (or some of the main persons there, I'm not sure) is now creating a new exchange. Is that true or just rumors? Did you hear that?

[sujonali1819]

I had little bit of altcoin on the exchange and I can not withdraw it when I have tried. Really it will be very bad if cryptopia shut down their exchange. We seeing many exchange are hacked day by day even binance also hacked few days ago . we should aware of holding crypto on the exchange because as we seen anytime can hack any exchange. So be serious about it .

[TheBeardedBaby]

I also have some altcoins but I cannot even log into the website to see what I had there.
Checking their twitter today >

The New Zealand Court has granted a 10 working day extension on the initial Cryptopia Ltd Liquidators report. It is now due on 4 June and will be available on the New Zealand Companies website when it is submitted

https://twitter.com/Cryptopia_NZ/status/1131387671161425922

[nik009]

It makes no sense to return funds to traders. It is better to create a new exchange, and then go bankrupt again.

Last news:

Adam Clark, co-founder of defunct New Zealand-based cryptocurrency exchange Cryptopia seems to be back on his feet so soon with another product… a new cryptocurrency exchange, touting itself as “New Zealand’s most advanced crypto trading platform.”

Assetylene has not officially launched nor has it shown any signs of activity but according to the social media profiles of Clark, it seems he has been developing it for the past nine months since September 2018.

https://www.crypto-economy.net/en-GB/cryptopia-founder-of-defunct-crypto-exchange-cryptopia-is-already-working-on-launching-a-new-one/

[cepot9]

cryptopia is a good exchange for me, they provide altcoins that are not available in other large exchanges. and at that time they often experienced problems about the security of their site. until now there is a very fatal problem so that the funds left there have frozen and most likely will not disappear again

[profitgenerator212]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

Just like Mt Gox, Cryptopia is finally gone and I do not thing there will be a revival moment for it. What is left now is probably litigations to bring its liquidators to book. However, the important bodies in cryptocurrency should do more towards putting up security infrastructures to protect users

[puremage111]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

Just like Mt Gox, Cryptopia is finally gone and I do not thing there will be a revival moment for it. What is left now is probably litigations to bring its liquidators to book. However, the important bodies in cryptocurrency should do more towards putting up security infrastructures to protect users

Yeah, from what i read
There will be no revival based off what they actually announce
Liquidators are liquidating assets to pays off the customer

But i am still wondering, how would they actually pay back
Based on Fiat on the time the exchange closes? Or the current price of the day?
I doesn't have much coins there but kinda wondering how they gonna deal with it

[iMark]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

It seems that you have not read their announcement. The crypto really went bankrupt but the money of traders on exchange is still there and they will refund it to everyone. Don't worry too much, they will be responsible for the amount of investors because they are being controlled by the government.

Luckily I have withdrawn all my assets before the hacking occurs. I did not follow the news, have they made a refund to their user?
because sometimes I see cases about exchange hacking, but it's only their alibi to scam their users

[freedomgo]

cryptopia is a good exchange for me, they provide altcoins that are not available in other large exchanges. and at that time they often experienced problems about the security of their site. until now there is a very fatal problem so that the funds left there have frozen and most likely will not disappear again

Based on my experience, I can say that they are a good exchange, I never use it regularly but in the times I used it, I never face a single problem.
Only one bad thing I can still remember is that they have a huge withdrawal fee and it's not good if you regularly withdraw.

But then again, nothing is permanent, one site created and the other site is gone, and Cryptopia's journey is just over now.

So, I guess this thread has to be close also.

[Pom_bensin]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

maybe there is a special reason for cryptopia gone, I think if there isn't a big problem cryptopia will still survive and maybe now it won't close or leave leaving disappointment for the members