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Author Topic: Cryptopia Cryptocurrency Platform Services and Development  (Read 141277 times)
Labrader
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March 26, 2019, 11:28:09 AM
 #3361

After seeing so much hate and butthurt trolls spreading FUD around here, I actually hope they don't enable withdrawals too soon  Cheesy I don't mind keeping my crypto locked there, as long as the trolls get mad because they can't withdraw  Cheesy Cheesy

That's a bold move, to be willing to part with all your EMB, SXC, MARX and TIT just to spite us.  Grin
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March 26, 2019, 03:14:40 PM
 #3362


Interest of the owners is to be paid from the company's profits.

All of their profits companies usually don't pay out to their owners.

There is always some retained earnings from last year and from previous years.

This exchange also very likely has retained earnings if it has some profits from previous years.

Owners of the company have their interests: to be paid out by dividends from the previous profits or the retained profits.

Clients have their interest to get what they bought  by trading at the exchange.

Clients bought many different coins and they want that coins.

Company offered to their clients some kind of  "tokens", "coins", "points" instead of coins they pose, instead of coins they paid.

If the clients want so, they (clients) can refuse exchange's offer to reimburse their coins by what they called CLM.

If the clients want so, clients can refuse their offer to reimburse their coins partially by NZD value on date determined by the exchange.

Remember, the exchange is not the court, and you can always refuse their offer if you don't agree with the exchange.

Also, for coins which are retained by the exchange (not allowing the withdrawal case), every client should have the right to get default interest defined by the laws.



Shortly, owners of the exchange want their retained earnings from the previous years, and clients want their paid coins. That two groups have opposite, conflict interests.

Clients have the bigger right and priority to their coins than owners have the right to get their retained earnings, all according to the law at the first place.

If some clients want to make agreements with the exchange to get their assets partially, then they will get partially what they paid.


Generally, the exchange owes us everything what we already paid or what we entered at the exchange for trading. We have the right for everything we pose at the exchange. Only the court can decide different. With the exchange we (every client) can make agreement the both sides, we (every client) and the exchange, agree with.


I thinks so, but the right opinion and advices everyone can get from the lawyer or attorney.





Will the exchange pay out dividends to its owners for the successful 2018 and previous years?


Will the sum of dividends be equal to the total profit for the year 2018, and previous years?


When will dividend day come?


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March 26, 2019, 07:02:10 PM
 #3363

ben I will get on my knees, praise you as a god and kiss your socks if you enable withdrawals

wen withdrawal monies.


They cant do that or they will be struck down lol. Other option: you cant withdraw the funds those don't exist.  Cheesy

Fine, if ben opens withdrawals I would sweeten the deal by hiring thousands of smexy asian women to dance for him (however he wants *hint hint*) and send him all the awesome japanese monster girl comics that he could ever want, and that's in addition to me kissing the ground he walks on Wink

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March 26, 2019, 07:03:41 PM
 #3364

After seeing so much hate and butthurt trolls spreading FUD around here, I actually hope they don't enable withdrawals too soon  Cheesy I don't mind keeping my crypto locked there, as long as the trolls get mad because they can't withdraw  Cheesy Cheesy

That's a bold move, to be willing to part with all your EMB, SXC, MARX and TIT just to spite us.  Grin

tittiecoins...reeee, did they ever build tittie-o-polis? (legit question, I haven't seen the roadmap in forever)
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March 26, 2019, 11:56:01 PM
 #3365


Read this interesting article for QuadrigaCX exchange written by its attorney:

https://www.coindesk.com/from-law-to-lawlessness-bits-of-the-untold-quadrigacx-story



It is not uncommon practice to see the financial statements, reports for the exchanges even in the 2015:

"In 2015, it was pretty much unheard-of for a digital currency exchange to have an auditor and to prepare audited financial statements that it made available to the public. It was more transparent than many exchanges today."


QuadrigaCX started as the most transparent business, but finished totally nontransparent, by this very good article.

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March 27, 2019, 12:10:37 AM
 #3366



Big exchange DragonEx hacked:

“We’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take the responsibility no matter what.


https://www.coindesk.com/singapore-based-crypto-exchange-dragonex-has-been-hacked

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March 27, 2019, 02:23:58 AM
 #3367

Quote
Today we have re-enabled the API in another step towards restoring full service.

https://twitter.com/Cryptopia_NZ/status/1110704000255430656
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March 27, 2019, 09:01:01 AM
Last edit: March 27, 2019, 09:16:42 AM by four3200
 #3368



Big exchange DragonEx hacked:

“We’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week. For the loss caused to our users, DragonEx will take the responsibility no matter what.


https://www.coindesk.com/singapore-based-crypto-exchange-dragonex-has-been-hacked



Takes full responsibility.
Already released TX details, within 24hrs, yet 3 months later, no TX given by christchurchNZ.

Quote
In updates on the hack today, DragonEx’s Telegram admin provided wallet addresses for 20 cryptocurrencies to which the stolen funds had apparently been transferred.

https://t.me/DragonEx_EN/50324

Quote
Joanne Long
 in
DragonEx Official (EN)
After investigation, the stolen assets from DragonEx were transferred to the following address, we earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows.

BTC: 3BorUkWNFECFDoX877BSd2aPdRbPjPj45C
ETH: 0xa7f72bf63edeca25636f0b13ec5135296ca2ebb2
XEM: NARDPLCELIFJOYABZSYW2ZHIC7U2YQKOAAPPMEI3
EOS: worldfoxprin whatagoodeos
XRP: r4y4SZNzZDQdFR51RTFq23cjUvtV3WWzHx
ETC: 0x39c46975becee0e12eb384d066228600e02ab82a
NEO: ASwwE8eG2LecYezPUz3UQnBzgbNqoySiLQ
ABBC: AYQz4Zruq16pC8uBF3ThUraWWUo2tTWCaP
LTC: MS2hm59R95XUxek6vxSTSRjfkNHT3CA8gU
BCHABC: qz7r39tdkcq497p9d9mpftzaqh6v228x0uw6z4lf38

No official from liartopia made any statement until just a week  back.
No body at craptopia smart enough to make the basic plea for help trace, track, and freeze...

"we earnestly request help from all our fellow exchanges and other industry strength, please help us to investigate and traced the assets, freeze them and stop the assets flows".

This is a night & day comparison.
Transparency vs. Shunks

Speaking of Shady
Hi BenTheAnonMod, do you think its true that Cryptopia is trying to reopen/resume full service at/or before april fool  thanks

https://chainz.cryptoid.info/uno/block.dws?1271974.htm

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March 27, 2019, 11:44:01 AM
 #3369


First maintenance response

DragonEx
Quote
DragonEx first took its platform offline saying it was upgrading its systems.
Cryptopia
Quote
We are currently experiencing an unscheduled maintenance, we are working to resume services as soon as possible. We will keep you updated.
Quote

Same thing Cryptopia said



Second maintenance response

DragonEx
Quote
Later the same day, it announced that it was “still working on system maintenance"
Cryptopia
Quote
Update: We are still experiencing unscheduled maintenance. The next update will be at 8am NZDT (7pm UTC)
Quote

Again, same thing Cryptopia said



Breach response

DragonEx
Quote
Before finally disclosing that it had been hacked yesterday.
Cryptopia
Quote
On the 14th of January the Cryptopia Exchange suffered a security breach.
Quote

Oh look, a pattern



Informing appropriate Agencies

DragonEx
Quote
The exchange further said that it has informed several judicial administrations, including Estonia, Thailand, Singapore and Hong Kong about the attack.
Cryptopia
Quote
Staff then notified and involved the appropriate Government agencies, including NZ police and High tech crimes unit
Quote

This is getting weird...



Cooperating Fully

DragonEx
Quote
We’re assisting policemen to do investigation.
Cryptopia
Quote
We would also like to make clear that Cryptopia are cooperating fully with the investigation team.
Quote

Strange, just like Cryptopia...



Maintenance/Trading suspended

DragonEx
Quote
All platform services will be closed
Cryptopia
Quote
The Cryptopia Exchange will remain in maintenance mode, with trading suspended.
Quote



At this point, I honestly can't tell if four3200 is trolling or just oblivious to how they are handling it exactly as Cryptopia did... He has to be trolling surely...

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March 27, 2019, 01:20:41 PM
Last edit: March 27, 2019, 05:26:28 PM by four3200
 #3370

Totally the same, Ben.
Totally the same, Ben.  yep yep.

here's the point (which you went great to lengths to deflect and avoid mentioning)

"the stolen assets from DragonEx were transferred to the following address"

Transparency vs. Skunks


■▐ ▎▬▬▬▬▬▬ 5 YEAR CROWDSALE▐ ▎■BUY UNO ▬▬▬▬▬▬▐ ▎■
bigDog9kiloasicTALKTop-apocalypse#420jfa#PR0#form#coin#POSpoll#simpleDEX#open
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March 27, 2019, 02:44:20 PM
 #3371

The point where the two situations diverged is this:
Quote
For the loss caused to our users, DragonEx will take the responsibility no matter what.

1. Cryptopia has issued no such statement.
2. Cryptopia has taken what was allegedly stolen from everybody's balance.

And it makes no sense to keep secret what was allegedly stolen, unless you don't want it found.
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March 27, 2019, 03:07:45 PM
 #3372

ben, wen withdrawal bro, if you want your qt azn monster girls, you should enable withdrawls  Cool

Pst I can even throw in a harpy and a snake girl dakimakura if you get it up and running bro
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March 27, 2019, 03:09:36 PM
 #3373

Yes, it's totally the same Ben, returning clients money versus aplying a haircut to ETH(100%), BTC(15%) and LTC(35%).

Same like providing exact addresses and transaction ID versus providing NONE.

Totally the same, Ben.

My negative trust comes from kenzawak, it was given to me for spreading the word about Bitcoin SV. Do your due diligence before making conclusions.
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March 27, 2019, 03:20:13 PM
 #3374

ben ben ben, i can throw in a spider girl dakimakura too!

all you have to do is enable withdrawals~

(p.s im cool with the 14% haircut unlike these guys, gib monies pls)
KriptoGuruTR
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March 27, 2019, 03:28:59 PM
 #3375

Best troll of the year: bentheanonmod
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March 27, 2019, 08:15:53 PM
Last edit: March 27, 2019, 08:46:29 PM by BenTheAnonMod
 #3376

Totally the same, Ben.
Totally the same, Ben.  yep yep.

here's the point (which you went great to lengths to deflect and avoid mentioning)

"the stolen assets from DragonEx were transferred to the following address"

Transparency vs. Skunks



Cryptopia isn't accepting Deposits... so why would the hacker send anything to Cryptopia and the known ETH/ERC20 addresses were posted within the Cryptopia discord immediately following the breach.
Staff weren't able to enter the building or work at that time, so how could Cryptopia immediately following the event release anything you've suggested they should have officially?

Again, you're trolling right because no one is this dense...

Quote
Yes, it's totally the same Ben, returning clients money versus aplying a haircut to ETH(100%), BTC(15%) and LTC(35%).

They haven't said they will return clients "money", they haven't said they will return ANYTHING yet specifically. So again your example fails.

That is a good point though, the ONLY thing Cryptopia didn't do that DragonEx did is say
Quote
"DragonEx will take the responsibility no matter what."

This early they can't guarantee that, Dragonex says it will take responsibility no matter what - which is a silly thing to do because liability may be elsewhere.



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March 27, 2019, 11:09:21 PM
Last edit: March 27, 2019, 11:33:38 PM by four3200
 #3377

WAT?

This is a sign of hopelessness the inability to even respond with coherent lies.

Where did the money go = We couldn't enter building.

Totally the same, Ben.

They take responsibility = They haven't said they will return clients "money"

Totally the same, Ben.


■▐ ▎▬▬▬▬▬▬ 5 YEAR CROWDSALE▐ ▎■BUY UNO ▬▬▬▬▬▬▐ ▎■
bigDog9kiloasicTALKTop-apocalypse#420jfa#PR0#form#coin#POSpoll#simpleDEX#open
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March 28, 2019, 12:10:24 AM
 #3378

WAT?

This is a sign of hopelessness the inability to even respond with coherent lies.

Where did the money go = We couldn't enter building.

Totally the same, Ben.

They take responsibility = They haven't said they will return clients "money"

Totally the same, Ben.



Whats inside a building... systems, hardware, data... access... I know you are trolling at this point because no one is this stupid, not even on here.

Anyway, Enjoy your ignore. You aren't worth replying to anymore, can't reason with an idiot.

P.s keep replying though, nothing makes me happier than seeing the ignored people keep replying knowing you went to all the effort of writing some stupid message out and I didn't read it Smiley
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March 28, 2019, 12:24:26 AM
 #3379

Quote
Yes, it's totally the same Ben, returning clients money versus aplying a haircut to ETH(100%), BTC(15%) and LTC(35%).

They haven't said they will return clients "money", they haven't said they will return ANYTHING yet specifically. So again your example fails.

That is a good point though, the ONLY thing Cryptopia didn't do that DragonEx did is say
Quote
"DragonEx will take the responsibility no matter what."

This early they can't guarantee that, Dragonex says it will take responsibility no matter what - which is a silly thing to do because liability may be elsewhere.

You have a good point that DragonEx can't guarantee anything at that point, unless they already know the exact extend of the damage.
However in such cases, the liability is surely not upon one's customers! Unless an exchange is sharing their earnings with their customers, they can't share just their damages.

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March 28, 2019, 12:47:59 AM
 #3380

Quote
Yes, it's totally the same Ben, returning clients money versus aplying a haircut to ETH(100%), BTC(15%) and LTC(35%).

They haven't said they will return clients "money", they haven't said they will return ANYTHING yet specifically. So again your example fails.

That is a good point though, the ONLY thing Cryptopia didn't do that DragonEx did is say
Quote
"DragonEx will take the responsibility no matter what."

This early they can't guarantee that, Dragonex says it will take responsibility no matter what - which is a silly thing to do because liability may be elsewhere.

You have a good point that DragonEx can't guarantee anything at that point, unless they already know the exact extend of the damage.
However in such cases, the liability is surely not upon one's customers! Unless an exchange is sharing their earnings with their customers, they can't share just their damages.

All they have stated so far is
Quote
"the accurate assets loss recovery situation will be announced in a week."

They haven't stated they will return specific coins affected as Four3220 said, let alone what their recovery plan is.

Just a pathetic attempt to compare how two exchanges have handled the event as though one handled it better than the other, which ironically shows they're doing almost exactly what Cryptopia did step by step... suggesting Cryptopia did the right thing, based on Four3220 praise of DragonEx.

Not that Four3220 makes it hard to point out his obvious trolling, because no one can be that stupid surely.
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