Cryptopia Cryptocurrency Platform Services and Development

[Winstar78]

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]

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]

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

[Winstar78]

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]

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]

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]

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]

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.

[AUKING]

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.

 

So many red lights on cryptopia exchange, non function support, more than 100 markets "maintenance" for months, then 51% attack that all coins are missing, then hack or exit scam...

This was two months before cryptopia's hacking: https://www.ccn.com/claim-crypto-exchange-lost-500000-due-to-aurumcoin-51-attack/

[DADIBLAND]

Silence cryptopia  10 days = scam

[Lind]

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 theory is: it was a on a core server. ALL OF IT, while it was handled amateurish.

[Winstar78]

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)

[adamvp]

I am afraid now we can consider cryptopia case as lost
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

[coinman76]

Last news from NZ Police about Cryptopia https://pbs.twimg.com/media/Dxuy0hzWoAIz3wF.jpg

[sluppy]

Last news from NZ Police about Cryptopia https://pbs.twimg.com/media/Dxuy0hzWoAIz3wF.jpg

Thanks for sharing that.
Early feb that doesnt sound to bad.
I didn't see my coins on the list of stolen funds so thats something but we wont really know until they reopen I guess.
Im hopefull.

[Verdell]

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

[xtraelv]

Be careful with who you communicate with. With situations like this phishers and scammers try to take advantage of the uncertainty. Make sure that when you communicate with the police that you use the contact form on their website or their email finishes with  @police.govt.nz

Same applies with to Cryptopia emails. @cryptopia.co.nz.  Make sure they are not phishing scams.

Do not use links in emails or answer "questionaires" that give away private details unless you are certain that you are talking to the right people.

Genuine authorities or exchanges will never ask for your password or private keys.

[Winstar78]

I am afraid now we can consider cryptopia case as lost
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

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?

[Lafu]

From cryptopia discord from the ceo.

For those who are querying the NZ Police e-mails referred to, they are legitimate and are copied to me by NZ Police. We will respond when we have substantive facts to report when the investigators give us approval. Until then we are tied as the authorities do not want us to make any statements that might by accident exacerbate the situation and cause more damage.

[adamvp]

Last news from NZ Police about Cryptopia https://pbs.twimg.com/media/Dxuy0hzWoAIz3wF.jpg

where did you found this?
I cannot see any news newer than 22th January 2019 there: http://www.police.govt.nz/news/search-results/cryptopia
I cannot see this info at their twitter: https://twitter.com/nzpolice too :?