Cryptopia Cryptocurrency Platform Services and Development

[etoque]

So what,everyone should start seeing police into their country about cryptopia ?

I agree the missing communication become very outrageous.

NZ police report was maybe fake? It look like amateur ...

[1714903417]

1714903417

[arielbit]

From Cryptopia twitter,  Feb 14 2019:

"Update: The police have now given us access back to our building, while they continue their investigations. Our staff are working relentlessly to evaluate the funds that were stolen."

They are doing evaluation. For me that is measuring, calculating USD values of stolen coins.

USD value of stolen coins at this 1 year bear market is minimal. No matter how much we paid for our coins, that current value of stolen coin at the 1 year bear market is minimal or close to it.

That could mean, Cryptopia's obligations to us, to their clients, measured in USD in such bear market is very likely quite minimal.

If we can't get our coins or funds (remaining) that could mean: our losses or missed opportunities could very likely become maximized in this bear market, and Cryptopia's obligations to us could very likely become minimized.

In the eventual court proceedings we have to ask for preventing the clearance sale of our funds.

that makes us two here with the same opinion

remember cryptsy?

I heard they paid their customers the present day (hack date) value of their BTC..

bear market--->low value crypto (cryptopia hack)

----------------------future-------------------

high value crypto, but will pay customers the low value crypto in USD (early 2019 valuation)


you think they are pulling this kind of shit?...yes they can, it is possible since it worked on big vern......no wonder they (cryptopia founders) quit their jobs  

part time = no hack

full time = yeah! hack

*mic shoved up BenTheAnonMod's ass*

remember the founders go full time and put their savings into cryptopia.

put their savings in cryptopia = no significant amount of fiat in bank

no significant fiat in bank = savings into crypto

savings into crypto = hidden wealth

hidden wealth = the law cannot touch this

the law cannot touch this = ride into the sunset 

[aesma]

I'm coming out of a crypto vacation and was doing the rounds to get some coins I've left on various sites, I guess I can forget what was on cryptopia. Such lack of communication probably means they've been cleaned out and there is nothing that can be done.

[sluppy]

They really need to start coming out with some official statements not this twitter bullshit.

Change the fing frontpage allready.

How long can it take to check if u have control of your wallets .. it makes no sense.

[InnovaHost]

i check my btc adress today, but on 2019-02-08 01:32:56 they are send to another btc adress. my balance is now: 0 BTC

 

[paramind22]

They really need to start coming out with some official statements not this twitter bullshit.

Change the fing frontpage allready.

How long can it take to check if u have control of your wallets .. it makes no sense.

Yes, psychologies we witness in cryptocurrency really are interesting.  I don't know what's happening, but it does seem like one of two types I've seen in crypto:  we're screwing you over so you don't need anything because you're not going to get anything, or a somewhat typical attitude of some devs is to disappear and just appear when they want to. 

Coinsmarkets just kept saying they were having technical difficulties over a period of about 6 months then they just disappeared.  They never said they were hacked. 

[almightyruler]

i check my btc adress today, but on 2019-02-08 01:32:56 they are send to another btc adress. my balance is now: 0 BTC

 

This is normal for a deposit to an exchange: the funds are often swept into another wallet, or used for fulfilling another customer's withdraw.

Just like if you deposit a $10 note at the bank, your balance remains $10, even though that same physical bank note may end up in another customer's hands.

I can't state categorically that your funds are safe at Cryptopia, just that you should not be alarmed by your deposit address showing a balance (on the blockchain) of zero.

[xtraelv]

https://twitter.com/nzpolice/status/1098367362347163648



https://twitter.com/Cryptopia_NZ/status/1096158617022201856

i check my btc adress today, but on 2019-02-08 01:32:56 they are send to another btc adress. my balance is now: 0 BTC

 

This is normal for a deposit to an exchange: the funds are often swept into another wallet, or used for fulfilling another customer's withdraw.

Just like if you deposit a $10 note at the bank, your balance remains $10, even though that same physical bank note may end up in another customer's hands.

I can't state categorically that your funds are safe at Cryptopia, just that you should not be alarmed by your deposit address showing a balance (on the blockchain) of zero.

That is correct. When you send a deposit to an exchange it is sent to an individual deposit address. It is then swept to a hot-wallet or cold storage.

The value of the deposit is transferred via the deposit engine to the exchange ledger. After a set number of confirmations it is then made available on the exchange ledger for trading. The actual amount deposited it kept in a general wallet with other deposits.

Until you withdraw the amounts that you see in on your account are only on the exchange ledger - not on the blockchain.

While it is possible to send deposits to your exchange deposit address and to a hot wallet or cold-wallet address. It will show on the blockchain but unless Cryptopia deposit engine is working will not show on your account balance.

DO NOT SEND ANY DEPOSITS TO CRYPTOPIA until they say it is safe to do so. It is unclear whether any of the deposit addresses are safe to deposit to.

If they have lost access to the private key of a blockchain address then you are effectively sending it to the hacker directly.

[sotisoti]

Any idea how was the private key stolen? No cold wallet at all?

[xtraelv]

Any idea how was the private key stolen? No cold wallet at all?

I don't know whether the key was taken. I'm assuming that is what happened. Potentially there are other ways it could have occurred as well. But the most likely situation is that the private key or keys were compromised. I know they have cold wallets but I don't know it affects their situation.

The breach occurred just before the Ethereum Constantinople hard fork was scheduled for January 16, 2019. Which keeps being postponed.
https://cryptoslate.com/ethereums-hard-fork-constantinople-what-you-need-to-know-before-january-16th/

[RivAngE]

Any idea how was the private key stolen? No cold wallet at all?

The rumours are that this person is the only one having access to Cryptopia's, ultra-secured cold wallets! The photo was taken 2 days before the hack took place.




/joking

[sotisoti]

Hehe, but in theory a cold wallet can be just a nano ledger S, it should be quite secure already. We will see..

[tomey]

...

USD value of stolen coins at this 1 year bear market is minimal. No matter how much we paid for our coins, that current value of stolen coin at the 1 year bear market is minimal or close to it.

That could mean, Cryptopia's obligations to us, to their clients, measured in USD in such bear market is very likely quite minimal.

If we can't get our coins or funds (remaining) that could mean: our losses or missed opportunities could very likely become maximized in this bear market, and Cryptopia's obligations to us could very likely become minimized.

In the eventual court proceedings we have to ask for preventing the clearance sale of our funds.

I mostly have stable coins there. NZDT, USDT and some non ETH but also ETC coins. I'd like to access at least my stable coins NOW or yesterday!

NZDT should be backed by NZD in cryptopia. No known external wallet other then by cryptopia.


I have been scamed by bittrex stealing only my BTG so I sent my holdings there to cryptopia depending on how to spend the least to fucking bittrex! I am not WILLING to share losses to ETH or ETH Token holders in cryptopia!!!

Fucking Anglosaxion cancer non existent customer service!!! No emails from both scam exchanges!

[sluppy]

...

USD value of stolen coins at this 1 year bear market is minimal. No matter how much we paid for our coins, that current value of stolen coin at the 1 year bear market is minimal or close to it.

That could mean, Cryptopia's obligations to us, to their clients, measured in USD in such bear market is very likely quite minimal.

If we can't get our coins or funds (remaining) that could mean: our losses or missed opportunities could very likely become maximized in this bear market, and Cryptopia's obligations to us could very likely become minimized.

In the eventual court proceedings we have to ask for preventing the clearance sale of our funds.

I mostly have stable coins there. NZDT, USDT and some non ETH but also ETC coins. I'd like to access at least my stable coins NOW or yesterday!

NZDT should be backed by NZD in cryptopia. No known external wallet other then by cryptopia.


I have been scamed by bittrex stealing only my BTG so I sent my holdings there to cryptopia depending on how to spend the least to fucking bittrex! I am not WILLING to share losses to ETH or ETH Token holders in cryptopia!!!

Fucking Anglosaxion cancer non existent customer service!!! No emails from both scam exchanges!

hold your horses there is no question at all that that would happen .. they cannot use other users funds to share the losses on eth thats theft.

But this is getting way out of hand we should all start contacting the NZ police to have them checkup on Cryptopia and urge them to let us take out our funds because they are just ignoring us.

[aesma]

If it was "your funds" you'd already control them via the private keys.

At the moment they might be the hacker's funds.

[Labrader]

So, a week of "relentless work" aaaaand... silence.

[psycodad]

So, a week of "relentless work" aaaaand... silence.

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)

Anyway, should they reopen anytime, imagine the crypto bank run this will result in. From reading here and judging from my own impression, I strongly believe that everybody just wants to get his/her coins off there, so I have my doubts if we will be seeing them reopen at all - no matter what, there would be no liquidity there (and therefor no notable trading fees) for months or even years to come.

If I would be running this exchange and I would have been plannning to reopen and make again money with trading fees (for example to cover lossses from the hack) I would have made my best to keep my customers confident, informed and in good faith.
But all we've got so far (after more than 35 days) is only looking and feeling like a stiff middle finger from them pointing towards us all. So at this late point in time I have no choice than to come to the conclusion that they do not want to reopen at all or at least not within a foreseeable timespan. 

The best we all can do is to raise our right arm and move the hand in a waving manner.
(you are now waving your coins on Cryptopsya goodbye, you know you should have done this some 30days ago)

[adamvp]

I think we should post a link to this topic to posts about cryptopia "hack" to every other exchange threads - cause there was few  more suspicious exchanges before we lost our money and people should be aware that crypto which they keep on exchanges are worth ZERO cause you can't predict which exchange will be next!

[Labrader]

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.

[paramind22]

We should notice and post warning signs about smaller exchanges acting poorly.  And, get coins on as many exchanges as possible to keep the blockchains circulating.

For example, I post about high percentage staking and lower entry coin (Truckcoin, RAIN, VersionCoin, Healthyworm, Bitradio, Chess, Compound, BUZZ, StackBit. HousingCoin, VulcanoCoin, Bottlecaps, Growthcoin and Crackers).  I see this as the original vision of crypto where people could mint the coins easily at home.   Many of these have active teams, some don't, but that doesn't mean they don't rise and fall in price.   Losing Cryptopia put a hole in some of them.   For some people, this hack didn't lose money so much as the vision of the coin and that is very significant.  Getting them back online allows the coin to pick up again.

(sorry for my cut and paste).