Bitcoin Forum
April 16, 2021, 04:46:30 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 [126] 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 ... 238 »
  Print  
Author Topic: Cryptopia Cryptocurrency Platform Services and Development  (Read 168031 times)
DenysM
Full Member
***
Offline Offline

Activity: 714
Merit: 118



View Profile
January 23, 2019, 07:58:46 PM
 #2501

Police making progress in crypto-currency investigation
http://www.police.govt.nz/news/release/police-making-progress-crypto-currency-investigation
I worry that the exchange for more than a week does not give any news/updates. I think that they have some kind of fund and they must return some of the stolen money. Hoping for the best. This is one of the oldest exchanges and I hope he will return.
1618591590
Hero Member
*
Offline Offline

Posts: 1618591590

View Profile Personal Message (Offline)

Ignore
1618591590
Reply with quote  #2

1618591590
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1618591590
Hero Member
*
Offline Offline

Posts: 1618591590

View Profile Personal Message (Offline)

Ignore
1618591590
Reply with quote  #2

1618591590
Report to moderator
almightyruler
Legendary
*
Offline Offline

Activity: 2226
Merit: 1084


View Profile
January 23, 2019, 09:11:21 PM
 #2502


Wasn't this the same newspaper that sensationally reported that Police "stormed" the offices of Cryptopia?

The stuff.co.nz article says,

"Elementus identified the currencies, their value, and the exchanges where they have been traded. Bitcoins were not involved, with the main cryptocurrencies being ethereum, oyster pearl, and dentacoin"

...however the Elementus article clearly says,

"We have not examined the Bitcoin blockchain or other blockchains"

Sloppy.
Winstar78
Member
**
Offline Offline

Activity: 357
Merit: 11


View Profile
January 23, 2019, 09:33:13 PM
 #2503

looks like according to the terms of service cryptopia's maximum rembursement to an user for cryptopia's faults is $ 5000 (i think NZD)
almightyruler
Legendary
*
Offline Offline

Activity: 2226
Merit: 1084


View Profile
January 23, 2019, 09:46:16 PM
 #2504

looks like according to the terms of service cryptopia's maximum rembursement to an user for cryptopia's faults is $ 5000 (i think NZD)

Link? Terms and conditions generally cannot override (local jurisdiction) law, so if it turns out that funds were lost through gross negligence or some other corporate no-no then I doubt these limits would apply. Such a limit sounds more like additional compensation (say, via legal action) rather than a hard limit on customers accessing their own funds?
Winstar78
Member
**
Offline Offline

Activity: 357
Merit: 11


View Profile
January 23, 2019, 10:54:19 PM
 #2505

https://web.archive.org/web/20190113164519/https://www.cryptopia.co.nz/Home/Terms#12

paragraph 12
almightyruler
Legendary
*
Offline Offline

Activity: 2226
Merit: 1084


View Profile
January 23, 2019, 11:08:39 PM
 #2506


See 12.1(c)

"Nothing in these Terms is intended to limit any rights or remedies a User may have under the Fair Trading Act 1986 or the Consumer Guarantees Act 1993."

And 18.4(a)

"You agree to use our service in accordance with the law in New Zealand and the applicable law in your jurisdiction. Where any of these Terms does not meet the minimum requirement of the law, those terms and conditions are deemed to be amended to the extent of compliance."

Seems like boilerplate lawyer-speak to me: these are our terms, but some of them 'may' be overridden by law, and it's solely up to you (or perhaps the courts) to determine what is or isn't valid.

Regardless, I doubt that a company could legally limit their liability to repay funds held on behalf of customers. Otherwise, they could just close up shop and keep the difference.
trackers
Jr. Member
*
Offline Offline

Activity: 54
Merit: 2


View Profile
January 24, 2019, 01:27:55 AM
 #2507


See 12.1(c)

"Nothing in these Terms is intended to limit any rights or remedies a User may have under the Fair Trading Act 1986 or the Consumer Guarantees Act 1993."

And 18.4(a)

"You agree to use our service in accordance with the law in New Zealand and the applicable law in your jurisdiction. Where any of these Terms does not meet the minimum requirement of the law, those terms and conditions are deemed to be amended to the extent of compliance."

Seems like boilerplate lawyer-speak to me: these are our terms, but some of them 'may' be overridden by law, and it's solely up to you (or perhaps the courts) to determine what is or isn't valid.

Regardless, I doubt that a company could legally limit their liability to repay funds held on behalf of customers. Otherwise, they could just close up shop and keep the difference.


The Acts mentioned are the standard consumer protection acts in New Zealand; those clauses are just saying they cannot contract out of the provisions provided by law (which for these laws in particular is correct)
four3200
Sr. Member
****
Offline Offline

Activity: 1204
Merit: 255



View Profile WWW
January 24, 2019, 07:47:41 AM
 #2508

https://www.stuff.co.nz/business/110099560/police-investigators-call-on-overseas-experts-meet-with-cryptopia-staff

■▐ ▎▬▬▬▬▬▬ 7 YEAR CROWDSALE▐ ▎■BUY UNO ▬▬▬▬▬▬▐ ▎■
bigDog9kiloasicTALKTop-apocalypse#420jfa#PR0#form#coin#POSpoll#simpleDEX #open🐢
Winstar78
Member
**
Offline Offline

Activity: 357
Merit: 11


View Profile
January 24, 2019, 09:26:40 AM
 #2509


why post again this wrong article
pinoycash
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 514



View Profile WWW
January 25, 2019, 01:24:49 AM
 #2510


Since this is not an official media outlet for cryptopia but they are the only media website who has first hand experience on the crime scene. We still need to be thankful someone is providing unbias report directly from the ground.

Timelord2067
Legendary
*
Offline Offline

Activity: 2548
Merit: 1633


Witty! £ $ ₹ € ¥ ¢ ≠ ÷ ™


View Profile WWW
January 25, 2019, 03:36:25 AM
 #2511


Since this is not an official media outlet for Cryptopia but they are the only media website who has first hand experience on the crime scene. We still need to be thankful someone is providing unbiased report directly from the ground.

You're forgetting Radio New Zealand have people on the ground in Christchurch.

Then there's TVNZ https://www.tvnz.co.nz/one-news/new-zealand/nearly-6-million-in-transactions-took-place-early-hours-day-christchurch-cryptocurrency-exchange-cryptopia-suffered-security-breach

and Future Five https://futurefive.co.nz/results?search=cryptopia

...so don't put all your news feeds into the one basket.

.freebitcoin.¦       ___¦¯¯¦¦___
   __¦¦¦¦¦¦__¦  ¦¯¯¦__
  ¦¦¦  ¦¯¯¦¦¦¦¦¦¦__¦¦¯
   ¯¯¯¦¦__¦  ¦¦¦¦¯¯  _¦¦
_¦¦¦__  ¯¯¯¯¯¯¯  __¦¦¦¦¦¦
¦¦¯¯¦¦¦¦¦_     _¦¦¯¦ ¯¯¦¦
¦¦__¦¦¦¯¯¦¦   ¦¦¦¯ __  ¯¦
¦¦¦¦¦¦¦__¦¦¦ ¦¦¦__ ¯¯_  ¦
¦¦¯¯¦¦¦¦¦¦¦¦ ¦¦¦¦¦  ¦¯_¦¦
 ¦__¦¦¦¦¦¦¦¦ ¦¦¦¦¦   ¦¦¦
  ¯¦¦¦¦  ¦¦¦ ¦¦¦¦__¦¦¦¯
     ¯¯¦¦¦¦   ¦¦¦¦¯¯
BITCOIN
DICE
EVENT
BETTING
¦WIN A LAMBO !

.
            __________¦¦¦¦¦¦¦¦¦¦¦_____
______¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦____
¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦____
__¦¦¦¦¦_¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦_¦¦¦¦__
¯¦¦¦¦¦¦¦¦¯¯¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¯¯¦¦¦¦¦¦¦¦¦¦_
  ¯¯¯¦¦¦¦___¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦___¦¦¦¦¦¦¦¦¦¦
       ¯¦¦¦¦¦¯  ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯  ¯¦¦¦¦¦¯¯¯¯¯¯¯¯¯¯
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
.PLAY NOW.
Verdell
Full Member
***
Offline Offline

Activity: 308
Merit: 112


View Profile
January 25, 2019, 06:41:35 AM
 #2512

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
Winstar78
Member
**
Offline Offline

Activity: 357
Merit: 11


View Profile
January 25, 2019, 02:00:02 PM
 #2513

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.
DADIBLAND
Sr. Member
****
Offline Offline

Activity: 341
Merit: 250


View Profile
January 25, 2019, 02:20:59 PM
 #2514

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.
We pay for their mistakes
Kamayulka78
Sr. Member
****
Offline Offline

Activity: 661
Merit: 250


View Profile
January 25, 2019, 02:48:36 PM
 #2515

I also had funds on the stock exchange! What will happen to our assets? Who has the reference to the telegram?
Winstar78
Member
**
Offline Offline

Activity: 357
Merit: 11


View Profile
January 25, 2019, 03:03:36 PM
 #2516



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.
RivAngE
Full Member
***
Offline Offline

Activity: 728
Merit: 168


What doesn't kill you, makes you stronger


View Profile
January 25, 2019, 05:42:13 PM
 #2517



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.

I belive the solution is actually simple.
The CEO splits the private key in multiple parts, he holds half of the key and plits the other half to 2 or more parts. Then makes copies of each part so that at least 2 copies of each part exists and splits them to other executives. Even if one executive leaves in bad terms, there should be another copy.

Alternatively, splitting the key to 2 parts, one for the CEO and one for a lawyer should also be fine.
In Cryptopia's case it seems they were holding the keys to servers... Very clever!
paramind22
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 513


View Profile WWW
January 25, 2019, 06:23:24 PM
 #2518



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.

Look into decentralized exchanges.

Boriss
Full Member
***
Offline Offline

Activity: 658
Merit: 115


View Profile WWW
January 26, 2019, 07:19:28 AM
Last edit: January 26, 2019, 07:45:10 AM by Boriss
 #2519

This is probably their exit strategy, I would not be surprised if all this was inside job to bailout with clients money.
It will be interesting to see what will happen to people that were in charge for that exchange.

I am sure that some people will not except that their  money got snatched with some breach/hack excuse.
Only because someone give access to the police doesn't mean that they should immediately be abolitioned from their responsibility.

Your money was their responsibility and it will be very hard for them  to stay in the business after this fiasco.

 

sluppy
Legendary
*
Offline Offline

Activity: 2010
Merit: 1041



View Profile
January 26, 2019, 08:37:00 AM
 #2520



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.

A single IT operator had all the keys ? no way  i cant believe that they where that insecure.

The handling of this is Piss poor imo why not have an updated statement on the website  let us at least know some of whats going on.

The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
Pages: « 1 ... 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 [126] 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 ... 238 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!