[Exchange Hacked] - Cryptopia (New Zealand based).

[cestmoi]

Hello, Have you seen this statement from Cryptopia (largest exchange for New Zealand / Australia)

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






And the tweets from @whaleAlert showing the 2 (for the moment) identified fraudulent withdrawals 1)   "19,391 #ETH (2,438,152 USD)"

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





And this one : "48,029,306 #CENNZ (1,176,596 USD) "


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








We don't know yet if they can cope for the loss or how the users will be affected.
 I once read that they had 1 million users.
I know that they have about 100 staff in Christchurch (NZ)

I think that @Lafu might work there, maybe he can let us know more about the situation.
I didn't have much on it (100$ or so).
I hope that none of you guys will be impacted.


Thanks kenzawak for the help with the pictures.

[cestmoi]

I don’t know what happened with my images.
If anyone can fix them these are the links :


https://imgur.com/a/8mK1wgC

https://imgur.com/a/RBadp9A

https://postimg.cc/qhrX7jBM





Cheers

[kenzawak]

Apparently the hacker is the same who hacked etherdelta in 2017 :

https://decryptmedia.com/4495/cryptopia-hacked-etherdelta-2-5million

[cestmoi]

Thanks Kenzawak for the photos.

Also, so far the losses are about 3 millions usd.

This seams not much, but it is quite a lot.

For the past few months the volume was about $2millions/month.

Their fees is 0.2%

3millions/0.2% = 1.5 billions $ of trading volume

It is the equivalent of 750 days of fees (without paying employees, servers....)

Maybe they can raise some money from new investors, else that will have to use users’ funds.

This is sad for NZ.

[Saint-loup]

Thanks Kenzawak for the photos.

Also, so far the losses are about 3 millions usd.

This seams not much, but it is quite a lot.

For the past few months the volume was about $2millions/month.

Their fees is 0.2%

3millions/0.2% = 1.5 billions $ of trading volume

It is the equivalent of 750 days of fees (without paying employees, servers....)

Maybe they can raise some money from new investors, else that will have to use users’ funds.

This is sad for NZ.

For NZ? For Cryptopia Users at first!!!!!


"$2millions/month"
$2millions/day I assume.
Where did you find these figures please?
 

[dablatair]

Hello,

Also discover this this morning and was again really surprise that a so large exchange could have security breach and lead to so important theft.

I again better understand why at the beginning when I entered crypto I heard many people always claim to don't leave our assets on exchnages if you want to hold.

Do you think an exchange like cryptopia could recover after a so big seurity issue even without thinking about refunding the poor users ?

And more generally what do you think about the impact on ERC-20 token/environment ? Finally other own blockchains are more sheltered because more hard to hack differents ones in the same time ?

Special thinking for the people who lost their money.

[cestmoi]

~snip~


For the past few months the volume was about $2millions/day.

For NZ? For Cryptopia Users at first!!!!!


"$2millions/month"
$2millions/day I assume.
Where did you find these figures please?
 

Yes 2millions / day

Source here : https://www.blockchaintransparency.org/reports
 And here  (look at the graph for past 30 days ) : https://coinlib.io/exchange/cryptopia

[Saint-loup]

Anyone with information which could assist the investigation can contact police by email at crypto@police.govt.nz

https://www.police.govt.nz/news/release/update-investigation-involving-cryptocurrency-company

[coine]

exchange is down yet when up i fund in crptopia exchange

[Pmalek]

It is these types of news that will make the headlines and make potential investors go: Nah, lets invest our money somewhere else, far away from the crypto industry. And can we blame them? How many times have we already heard about exchanges being hacked, wallets being compromised, exit scams etc...

[encycrypto]

LOL... Preparation for relaunch of Cryptopia underway!

New Zealand police state Cryptopia may reopen in early February

https://www.chepicap.com/en/news/7112/.html

[sujonali1819]

I have seen a news about hacked cryptopia exchange that who (hackers) hacked the exchange 16 millions dollars have returned . But i don't sure about the news that 100% right. You can find the news here :  http://cryptocrunchapp.com/news/15-days-later-the-cryptopia-hack-continues/

[encycrypto]

I have seen a news about hacked cryptopia exchange that who (hackers) hacked the exchange 16 millions dollars have returned . But i don't sure about the news that 100% right. You can find the news here :  http://cryptocrunchapp.com/news/15-days-later-the-cryptopia-hack-continues/

No, they've not returned. They actually deleted Cryptopia's copy of Ethereum private key after copying it for themselves on the day of hack. It's not like that Cryptopia has been hacked again!

[xtraelv]

I have seen a news about hacked cryptopia exchange that who (hackers) hacked the exchange 16 millions dollars have returned . But i don't sure about the news that 100% right. You can find the news here :  http://cryptocrunchapp.com/news/15-days-later-the-cryptopia-hack-continues/

No, they've not returned. They actually deleted Cryptopia's copy of Ethereum private key after copying it for themselves on the day of hack. It's not like that Cryptopia has been hacked again!

The police has already refuted that claim.

https://www.stuff.co.nz/business/110287959/police-dispute-claims-more-cryptocurrency-taken-from-christchurch-company-cryptopia

Police dispute claims more cryptocurrency taken from Christchurch company Cryptopia

Blockchain analysis company Elementus' CEO Max Galka has written a blog post claiming another $260,000 worth of Ethereum (a type of cryptocurrency) has been transferred from about 17,000 Cryptopia wallets (like a bank account for digital currency) since police began investigating. The transfers allegedly began about 1am on Tuesday.

Detective Inspector Greg Murton, of Canterbury police, said it was "not correct" that more currency had been transferred without authorisation.

I think that @Lafu might work there, maybe he can let us know more about the situation.

Lafu doesn't work there. He is a volunteer chat moderator on their trollbox.
Their staff is currently on leave while the police is investigating.

There is very little confirmed information about what has happened. Everyone is calling it a hack but the statement says "security breach". That could describe a lot of different scenarios that do not involve hacking.

So far the only reliable source of information has been here: http://www.police.govt.nz/news/search-results/Cryptopia

Until there is a detailed official statement from the police it is hard to tell the facts from fiction.

[24Kt]

LOL... Preparation for relaunch of Cryptopia underway!

New Zealand police state Cryptopia may reopen in early February

https://www.chepicap.com/en/news/7112/.html

I doubt they will open this February, or if they will ever re-open again. The site is still having that important announcement. No progress yet.

[shitcoinoffering]

Here is the history of hacked exchanges

[NeuroticFish]

Here is the history of hacked exchanges

I think that's only the list with Bitcoin exchanges. There were plenty of hacks between the altcoin-only exchanges too. One example would be Mintpal, which I recall and it's not on your list (yes, Mintpal also had a hack, not only the money Moolah has stolen some months later).

[eddie13]

Here is the history of hacked exchanges

I think that's only the list with Bitcoin exchanges. There were plenty of hacks between the altcoin-only exchanges too. One example would be Mintpal, which I recall and it's not on your list (yes, Mintpal also had a hack, not only the money Moolah has stolen some months later).

Yeah I remember Mintpal.
Their are many not on the list like shapeshift, and Cryptsy.

[xtraelv]

March 01, 2012, [HACK]Shared online web host Linode hacked and users bitcoins stolen. (46,703 BTC stolen)
January 11, 2013,[HACK] VIRCUREX hacked.
November 08, 2013, [HACK]CoinLenders, Inputs.io, Tradefortress (4000BTC HACK)

https://www.coindesk.com/gatecoin-2-million-bitcoin-ether-security-breach Gatecoin hack
https://mashable.com/2017/12/21/etherdelta-hacked/#LqdSbf4LJqqV Etherdelta hack

QuadrigaCX may also turn out to be something other than "lost private keys".

Source: The most iconic bitcointalk threads. History on Bitcointalk.

[encycrypto]

Three exchanges the hacker of Cryptopia used to sell all those hacked coins:

https://bitcoinist.com/cryptopia-3m-cryptocurrency-exchanges/