Cryptopia 'hacked'

[gentlemand]

https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/

https://mobile.twitter.com/Cryptopia_NZ/status/1085084168852291586

I hope no one has too much on here and it gets resolved rapidly. Cryptopia has sounded like such a piece of shit for so long that this feels kind of inevitable by this point.

[LeGaulois]

I am so lucky! I moved everything last week after waiting near 2 months waiting for a "wallet maintenance"...
Now it's sad for Cryptopia and the affected users it's not the first and surely not the last but let see how they will handle the problem.

[gentlemand]

https://twitter.com/whale_alert/status/1084442862970945536

Looks like it's possibly $2.5 million in ETH. Unknown whether it's other stuff too.

Considering how piddling they are these days I'd be amazed they have the funds or income to cover it.

[esboych]

That's interesting how the funds would be reimbursed to users. The "common practice" is to charge everyone with a percentage of funds lost.

[carlfebz2]

That's interesting how the funds would be reimbursed to users. The "common practice" is to charge everyone with a percentage of funds lost.

Once exchange hack occurs talking for compensation is somehow lit unless if it really being petitioned.Im aint surprised for this trash exchange but I do always have the doubts that they claim on being hacked
when they are already going to be bankrupt or simply an inside job.

[bL4nkcode]

https://twitter.com/whale_alert/status/1084442862970945536

Looks like it's possibly $2.5 million in ETH. Unknown whether it's other stuff too.

Considering how piddling they are these days I'd be amazed they have the funds or income to cover it.

Besides that, here's another more than $1 million worth of CENNZ token transferred, so the total hacked assets will count to $3.5 million.

https://twitter.com/whale_alert/status/1084444049313021952

By reading some replies on some tweet related to this hack, there are still users who stored their huge assets like >5 btc in this kind of exchange despite of red flags.

[gentlemand]

Besides that, here's another more than $1 million worth of CENNZ token transferred, so the total hacked assets will count to $3.5 million.

https://twitter.com/whale_alert/status/1084444049313021952

By reading some replies on some tweet related to this hack, there are still users who stored their huge assets like >5 btc in this kind of exchange despite of red flags.

Yup.

It's looking like more now according to this - https://www.reddit.com/r/Cryptopia/comments/ag75rs/cryptopia_hack_analysis_min_13000000_stolen/

However outside observers often make a right balls up of analysing coin movements.

[Pab]

I don't know was Cryptopia insured probably no
i don't think so it is exit hack Cryptopia was making enough money to survive
Really sorry because Cryptopia was best exchange between small exchanges and home for many small alts

[gentlemand]

Not surprised considering they're a shitty exchange. Investigations by New Zealand authorities ongoing. Praying everything gets recovered, I have some coins there, but not a much. I heard that Cryptopia lost around $2.5 million in US dollars. Never leave your coin in exchange as the main holdings wallet.

https://twitter.com/cz_binance/status/1085511601665368065

Binance have managed to freeze some of it. I presume the hacker knows a thing or two so may be able to move faster than certain exchanges. I always find it weird how rapidly they run towards an exchange when it's still super hot.

[figmentofmyass]

https://twitter.com/cz_binance/status/1085511601665368065

Binance have managed to freeze some of it. I presume the hacker knows a thing or two so may be able to move faster than certain exchanges. I always find it weird how rapidly they run towards an exchange when it's still super hot.

because it will only get worse if they sit on them (and fast). every hour that goes by, the more likely hacked coins are to be marked as tainted by blockchain analytics companies and exchanges. at that point, they're basically worthless. either they launder funds quickly through exchanges and recover some fungible money they can actually liquidate, or they're stuck holding untouchable coins.