Cryptopia exchange hacked

[Fluxtorrence9]

What a shame ,that's too early for the year and it makes me feel unsafe about crypto in general ,this have to stop ,exchanges should upgrade to better impenetrable security platform I've been using cryptopia for a very long time and I like it ,I hope this is not an exit scam

[1715331611]

1715331611

[iamverybusyperson]

Good timing, ain't it? Just 2 weeks after the "Proof of Keys" event. Remember: "NOT YOUR KEYS, NOT YOUR BITCOIN" -Aantonop


From Cryptopia_NZ Twitter(https://twitter.com/Cryptopia_NZ/status/1085084168852291586):


https://pbs.twimg.com/media/Dw76wLqUcAIfiFl.jpg

Well, first exchange that hacked in 2019. Nothing new, exchanges was hacked before, i lost a lot of money coz of inside scum. Sorry for you loss.

[Ayoofe]

I was so shocked to have heard this news as I least expected such, cryptopia exchange has been one of my favourites since I started crypto.. I hope this is resolved faster so that trading/withdrawal can continue smoothly.

[MeongElek]

Very surprised. I have assets there and I intend to hold them long term. This is really beyond my expectations, can the exchange of cryptopia still be saved? I opened the exchange and is still in maintenance.

[treatWy]

Another new year struggle.
This should be serve as  an example to be more careful caring what we owned most specially the big persons here.
Exchange is a place where money flooding as always. It must be treated as the most important part to be secured at all times to avoid hacking attack.

[Naida_BR]

Cryptopia was one of the first exchanges that I opened an account and It was one of my favorite because of this emotional bond that I had with it. I am very sad it got hacked and it puzzles me how that happened. Cryptopia was never a target and volumes were very low there compared to other exchanges. What is more frustrating is that they do not provide detailed information about the security breach. Seems like they are hiding something.

[Wend]

And what happen to the coins in that we deposit on there, Ill hope they are not gone but i will try to checked. Ill hope they can recover and being secured always of the cryptopia site. This site was one of trusted that i'm always trade on.

[gabmen]

And what happen to the coins in that we deposit on there, Ill hope they are not gone but i will try to checked. Ill hope they can recover and being secured always of the cryptopia site. This site was one of trusted that i'm always trade on.

That's going to be a hassle if your money there was affected. I'm not sure if there's any insurances that covers crytopia assets but it's likely most exchanges don't. I've read the hackers got millions worth in eth and tokens.

[kiansantan]

The exchange of cryptopia has become one of my favorites since I started crypto. I hope this is resolved faster so that the trade / withdrawal can continue smoothly. I was very surprised to hear this news as I did not expect.

[kucritt]

wow that is the sad news, i think hacking in website is possibly happen, because there are no websites that have a bug free, i think that all websites sill have the bug, so be careful when you input your data, identity and anything else in the websites

[ecnalubma]

Never leave your precious crypto's and trust any centralized exchange even if they are equipped with state of the art security. This centralized exchange hacking will continue to devastate investors and its worst than ransomwares. Decentralised exchange are scrutinized by the government but its more safe effective than the centralized one, crypto is designed to be independent so its better to keep it that way.

[South Park]

It's quite unusual that even at this day and age, with a lot of techniques and new practice on safeguarding a platform, hackers are still able to get through even with the robust of security systems. I wonder how tight their security are and what their system admins do for the hackers to still find a vulnerability on the platform. Also, this stresses the age-old question of whether to keep your funds in an exchange or not, and the answer is laid right before our eyes every time a theft occurs.

It is not really that unusual, there is nothing that is hacker proof, with enough time and resources a group of hackers can figure out how to enter a system, but the problem for them will be the costs, when it comes to a centralized exchange it does not matter how much time or money it took the hackers to get access to the funds of the clients of that exchange, it was worth it, but if you are the only one holding your coins and the amount of coins you have is low and your security tight then it is not worth for a hacker to try anything against you.

[DisturbedRTX]

It is rather dangerous now to keep money in a cryptocurrency, and in fact they said "the safest". 

[anafiene]

It's a piece of sad news, early in the year got hacking news on cryptopia, even though this exchange was long and famous. So many people play here and the system has been hacked, of course, the team will handle this case with and immediately resolved.

[gabbie2010]

Sophistication of hackers is of increase in recent times I am very sure cryptopia thought they are well secured but hackers were able to hack into their system based on the fact that they centralized while their security firewall was fragile, this will lead to massive withdrawal of funds by investors and traders while the exchange is at stake

[munareal]

Centralized exchanges are really insecure going by the numbers of haking carried out. Decentralized exchanges are the solution to the hacking and tracing of exchanges by nefarious people that are stealing from exchanges users funds. There is a lower rate of failures or control with decentralized exchanges

[Gary Levanevskii]

I hope that after this situation, other exchanges will be better towards cybersecurity. The risk of hacker theft is one of the reasons why some people do not keep money on the exchange and do not actively trade.

[vv181]

Damn Cryptopia was my favorite exchange to trade unpopular cryptocurrencies, luckily I don't have any kept assets. Everyone should be aware of the exchanges isn't a safe place to store assets, it is already been my habit to only use exchange only to trade then transfer it to somewhere else where I could control fully the private keys. I hope with the recent hack cryptocurrencies security awareness are improving, and I expect developer could urge the decentralized exchange development.

[Fredomago]

Damn Cryptopia was my favorite exchange to trade unpopular cryptocurrencies, luckily I don't have any kept assets. Everyone should be aware of the exchanges isn't a safe place to store assets, it is already been my habit to only use exchange only to trade then transfer it to somewhere else where I could control fully the private keys. I hope with the recent hack cryptocurrencies security awareness are improving, and I expect developer could urge the decentralized exchange development.

That's right, better to send your assets to a much safer wallets than to store it inside the exchange as there's a lots of incident which already happen before, now another exchange has been attack and there is no clear updates till now, better to be more secured and wisely saves our money while we are still working with our money.

[geyayy]

The list of hacked exchanges are just getting larger. That is the downfall of the strictly centralized exchanges. In 2018, hackers managed to syphon out around 731 million usd from exchanges and cryptopia is the first one in 2019. I am sure, this is not the end and the list will grow even larger in 2019.

Can decentralized exchanges be the solution to prevent such hacks? Since centralized exchanges keep their money into a centralized location, it's lucrative for the hackers. But in decentralized exchanges, handling of money is controlled by the users and not kept in a centralized location. What do you guys think? Should we pay more attention to decentralized exchanges going forward?

Your suggestion is good but the problem is that centralized exchanges are easier to use compare to decentralized ones. Good developers are also working for centralized exchanges and nit in decentralized exchanges. We should hope that one day, good developers will shift to decentralized exchange so that this problem won't happen again.