Cryptopia Cryptocurrency Platform Services and Development

[Bigpiggy01]

I just have about ~50/60€ worth of random alts on the exchange so even if it should disappear it won't hit me badly, of course I can't talk for other users but I think Cryptopia will come back, many wallets can take days or even weeks to sync

I work in several blockexplorer for different coins and i can sync 3 wallets simultaneously and even more if needed, So i don't see a point what's the issues they encounter when syncing a every blockchain of each wallet.

they say they have 2 Millions + accounts that needs wallet generation and i find it odd since for exchange you don't need to assign wallet address for all those 2M accounts and it can be done on demand or only for those users that need address for a certain wallet.

If they are doing the address addition manually on each account i find their system too primitive and in this case it will would take a lifetime to finish it all up.

It's not as simple as an explorer and those addresses need to be assigned immediately etc. You don't want to have anything to do with an exchange where stuff like accounts are assigned later as that makes it hard to really lock them down to the same degree. It takes a metric shitpot of patience. However unfortunate that may be.

[arielbit]

want an idea of what will happen to your haircuts?

here it is, buy low--sell high--pay low hehe

https://www.coindesk.com/bitfinex-pledges-buy-back-remaining-hack-credit-tokens

[Bigger By The Day]

when pakcoin open to trade and wallet 

[arielbit]

see how easily this exchange gave the address and txs of hack funds?..immediately.

https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

[KriptoGuruTR]

Scam exchange vs pro exchange...

[HardFireMiner]

Binance said it would cover the incident “in full” and no user funds will be affected.

Cryptopia haircut - ETH = 100%, BTC = 16%, LTC=30%.

Close enough

[Labrader]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

[sluppy]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

[Beyerd17]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

It's a whole lot easier if one has enough funds to cover any losses that comes along. The alternative would be a nasty one, trust me. You got to try to see things in perspective, otherwise you just look like some random 12 year old bitching your head off.

The term; when Binance, might have a slightly different meaning going forward.
 

[Labrader]

Binance may have a lot more money than Cryptopia, but there's other differences which are not money-related: transparency, engagement with the community, not hiding behind police who is ill-prepared to take on crypto matters etc.

Less than 24 hours after the event, the owner and CEO of Binance sat down in a live youtube session and explained things. Posted the TX with their stolen funds. Gave some technical explanations about the specifics of the hack. Outlined the solution, which in their case is a commendable complete assuming of responsibility and damages.

On the other hand, 4 months after the Cryptopia event we have nothing of the above, not even the TXs of the stolen funds. All of this would have been free, to share information and engage the community.

Binance has so far always been fair to the community and kept everyone close. Did you see the result? Pledges of help from other important actors in the crypto space. Who did you see pledge help for Cryptopia? No one. I think if they would have been open about what happened, took responsibility that was their to own and asked for help, the community would have helped them. But they just hid behind police bureaucrats.

Wait, someone did offer to help: it was again CZ of Binance who froze some of the presumed stolen funds.

[sluppy]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

It's a whole lot easier if one has enough funds to cover any losses that comes along. The alternative would be a nasty one, trust me. You got to try to see things in perspective, otherwise you just look like some random 12 year old bitching your head off.

The term; when Binance, might have a slightly different meaning going forward.
 

Right its not like Cryptopia could have stored funds for events like this .. my perspective is just fine thank you  .. I highly doubt this will affect Binance in anyway they wont lose customers Cryptopia will lose lots.

You think closing in on 4 months now is reasonable ? 

The alternative .. Trust you wtf are you talking about ?

[Beyerd17]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

It's a whole lot easier if one has enough funds to cover any losses that comes along. The alternative would be a nasty one, trust me. You got to try to see things in perspective, otherwise you just look like some random 12 year old bitching your head off.

The term; when Binance, might have a slightly different meaning going forward.
 

Right its not like Cryptopia could have stored funds for events like this .. my perspective is just fine thank you  .. I highly doubt this will affect Binance in anyway they wont lose customers Cryptopia will lose lots.

You think closing in on 4 months now is reasonable ? 

The alternative .. Trust you wtf are you talking about ?

I'm sure even Binance would not be able to handle a catastrofic event with massive losses, probably resulting in a scenario that would look more like a Cryptopia case or worse.

[jwinterm]

Lol the volume on shitopia is absolutely abysmal. How do like 90% of the coins trading versus BTC have 0.00 volume?

[Beyerd17]

Lol the volume on shitopia is absolutely abysmal. How do like 90% of the coins trading versus BTC have 0.00 volume?

They were hacked a few months ago, many of the trading pairs are halted for trading. Also deposits and withdrawals can only be made in BTC, LTC and DOGE.

[paramind22]

I still find it hard to believe how so many devs "centralized" their coins by only listing it on this exchange (or Bittrex, etc.).  And a lot of coins are essentially one person operations.  The exchanges will only talk to the dev, and if that dev isn't motivated, the whole operation comes to a standstill.  These coins don't have to be bad worthless coins, they can have vision, but unless that dev can delegate, things seem to get stuck quickly. 

[pinoycash]

Binance may have a lot more money than Cryptopia, but there's other differences which are not money-related: transparency, engagement with the community, not hiding behind police who is ill-prepared to take on crypto matters etc.

Less than 24 hours after the event, the owner and CEO of Binance sat down in a live youtube session and explained things. Posted the TX with their stolen funds. Gave some technical explanations about the specifics of the hack. Outlined the solution, which in their case is a commendable complete assuming of responsibility and damages.

On the other hand, 4 months after the Cryptopia event we have nothing of the above, not even the TXs of the stolen funds. All of this would have been free, to share information and engage the community.

Binance has so far always been fair to the community and kept everyone close. Did you see the result? Pledges of help from other important actors in the crypto space. Who did you see pledge help for Cryptopia? No one. I think if they would have been open about what happened, took responsibility that was their to own and asked for help, the community would have helped them. But they just hid behind police bureaucrats.

Wait, someone did offer to help: it was again CZ of Binance who froze some of the presumed stolen funds.

This is the big difference between cryptopia and binance,

Cryptopia should have act and do what binance did during their hack. It was a simple ABC, COMMUNITY ENGAGEMENT and TRANSPARENCY but instead they choose to ignore everyone. Until now not a single tweet in the past weeks and no update how far are they in securing their platform.

A basic comparison between Incompetency and Competency in handling the situation. In this case binance wins

[sluppy]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

It's a whole lot easier if one has enough funds to cover any losses that comes along. The alternative would be a nasty one, trust me. You got to try to see things in perspective, otherwise you just look like some random 12 year old bitching your head off.

The term; when Binance, might have a slightly different meaning going forward.
 

Right its not like Cryptopia could have stored funds for events like this .. my perspective is just fine thank you  .. I highly doubt this will affect Binance in anyway they wont lose customers Cryptopia will lose lots.

You think closing in on 4 months now is reasonable ? 

The alternative .. Trust you wtf are you talking about ?

I'm sure even Binance would not be able to handle a catastrofic event with massive losses, probably resulting in a scenario that would look more like a Cryptopia case or worse.

Right but Binance has structures in place to make sure that doesn't happen.

Cryptopia failed on pretty much every front .. u can keep defending them all u want just makes u look like someone that doesn't know what they are talking about.

[Beyerd17]

I am impressed by this attitude:

CZ Binance
‏Verified account @cz_binance

cons: 4 While it is a very expensive lesson for us, it is nevertheless a lesson.  it was our responsibility to safe guard user funds.

We should own up it. We will learn and improve.

yeah also note they take the full hit .. nothing like debt marker that will someday maybe be repaid at the bottom of the market price  , you bet your ass that if Cryptopia was paying back in BTC ETH LTC  shit would have been up and running many months ago.

It's a whole lot easier if one has enough funds to cover any losses that comes along. The alternative would be a nasty one, trust me. You got to try to see things in perspective, otherwise you just look like some random 12 year old bitching your head off.

The term; when Binance, might have a slightly different meaning going forward.
 

Right its not like Cryptopia could have stored funds for events like this .. my perspective is just fine thank you  .. I highly doubt this will affect Binance in anyway they wont lose customers Cryptopia will lose lots.

You think closing in on 4 months now is reasonable ? 

The alternative .. Trust you wtf are you talking about ?

I'm sure even Binance would not be able to handle a catastrofic event with massive losses, probably resulting in a scenario that would look more like a Cryptopia case or worse.

Right but Binance has structures in place to make sure that doesn't happen.

Cryptopia failed on pretty much every front .. u can keep defending them all u want just makes u look like someone that doesn't know what they are talking about.

I have been trading at Cryptopia for a number of years, and for sure they could have done things a lot better,but when reading a lot of the comments here it's very one sided, and most people don't take things into proper perspective. Simply sounds like a echo chamber of one sided comments.

[Labrader]

Communicating, creating goodwill and support is still free and largely a human skill not depending on the amount of money you own. Or so it is for me.

I'm sure even Binance would not be able to handle a catastrofic event with massive losses, probably resulting in a scenario that would look more like a Cryptopia case or worse.

Fact of the matter is, except for the words "significant losses" we still know nothing about the magnitude of the event.

I still find it hard to believe how so many devs "centralized" their coins by only listing it on this exchange (or Bittrex, etc.).

They didn't do it on purpose. Getting listed is not that easy and also pretty expensive.

[Nivir]

I just lost my phone last week. Do you guys have back up keys on Cryptopia 2FA in case you're gadgets got lost? I was checking my back ups and I cannot find any keys on Cryptopia 2FA.