Cryptopia exchange hacked

[Bitze]

read this:
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12203358

Slowly all users get angry about the way cryptopia handles that situation...

or read on twitter the answers to the 'latest' news from cryptopia...

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

Its incredible how they treat their users as shit.

First Telegram Groups are forming against Cryptopia:

https://t.me/cryptopiausersclaimsuit

Is it true funds are still moving from Cryptopia?

the sentence that always exists - not your keys. not your bitcoin - shows it over and over again. much too careful rather than losing.
but if this is really an inside job then it would be another huge setback for the crypto world.

[1714742606]

1714742606

[Capt00]

the sentence that always exists - not your keys. not your bitcoin - shows it over and over again. much too careful rather than losing.
but if this is really an inside job then it would be another huge setback for the crypto world.

Yeah, you're right, the reason why people afraid to store their crypto asset on exchange it is because on that scenario, unlike if the exchange is a reputable one. We can't assure that our funds are safety on exchanges.
Cryptopia is a shitty exchange before hacked has happened so that is expected an exit scam.

[adamvp]

Yes the future is decentralized.
But in fact no other exchange with volume had provided that huge range of altcoins.
An no decentralized one too...so this was not yet an alternative.
Again, not the users are to blame.
Cryptopia lost the funds they kept for their users. And they dont even talk to the victims.
They have the responsability.
We all know, they wont be able to refund all and now.
But I kept funds there that were probably not stolen.
And I want to know whats with my money.
Cryptopia is responsible for information at least, and they fail again.
That makes me also think about the possiblility of the hack as an inside job.

Oh decentralized exchanges will have better liquidity and volume when people will start tu use it - but to more people come to decentralized exchanges it needs people understand disadventages of CEX (mostly in terms of security)

the sentence that always exists - not your keys. not your bitcoin - shows it over and over again. much too careful rather than losing.
but if this is really an inside job then it would be another huge setback for the crypto world.

Yeah, you're right, the reason why people afraid to store their crypto asset on exchange it is because on that scenario, unlike if the exchange is a reputable one. We can't assure that our funds are safety on exchanges.
Cryptopia is a shitty exchange before hacked has happened so that is expected an exit scam.

you aren't right cryptopia wasn't the top of exchange but there was and still is some much more "shady" exchanges which are still performing

[MinermanNC]

All I know is they are doing a very poor, almost intentional job at not communicating to the public. They have all the user emails, maybe a nice letter of reassurance of what they are doing and when they plan to open for withdraws of OUR funds.  This just really seems suspicious now. 

[harizen]

Yeah, you're right, the reason why people afraid to store their crypto asset on exchange it is because on that scenario, unlike if the exchange is a reputable one. We can't assure that our funds are safety on exchanges.
Cryptopia is a shitty exchange before hacked has happened so that is expected an exit scam.

Might be right but there are part of your comment which I disagree.

First of all, even how reputable exchanges is, don't ever considered your coins as "safe" there. It's just that you are minimizing the risks.

And disagree with Cryptopia being a shitty exchange prior to hack. I don't know how you define "shitty" or maybe we have a different meaning to it. They are way better compare to other "average" exchanges in terms of volume. Im not a biased here just because I have a lost funds there but what will you do if you have hold coins and it was only listed on few exchanges including Cryptopia (other exchanges involved not even have a nice volume - dexes)? You will just let it sleep on your precious wallet and never it will traded? I already received a decent profit out from playing coins into Cryptopia even on a bearish market that dominates the whole 2018. That is not possible if volumes there is not that great.

Anyways I already considered my funds there as loss.  There is still no "bright" progress since the day it were hacked . Overall, that's not really a loss for me because I earned much throughout my career there. It's just that I value my time and effort so still not closing the doors that exchange will reopen again even at 0.05%.

[peonminer]

All I know is they are doing a very poor, almost intentional job at not communicating to the public. They have all the user emails, maybe a nice letter of reassurance of what they are doing and when they plan to open for withdraws of OUR funds.  This just really seems suspicious now. 

I can confirm, I never had a good experience while using cryptopia. This is why I pulled all of my funds out of there a long time ago. I did not have a good feeling about their devs and operators and ability to keep things running smoothly and safe.

[MinermanNC]

I don't know I have used Cryptopia since they started. Never an issue at all. Were better than most at the time. A step below Poloniex and Bittrex. Mainly they carried a good variety of coins that I mined. But I never held coins there that I did not plan on selling, which i did quickly. Only now because I was going out of town for a couple of months and would be away from my wallet, did I send up 80,000 coins just before I left town just in case there was a price increase. As it turns out the coin has doubled in value and is moving up. But of course this "Hack" happens just as i did that.  

So ya this really sucks.

If I hadn't done that I could care less what they do in the future. I just want my coins back in my wallet.

PS: and no it wasn't 80k BTC lol

[Legnum-Abez]

give me cryptopia discord link pls

[mr.relax]

Please sign the petition :
https://www.change.org/p/cryptopia-we-deserve-a-fair-appraisal-from-cryptopia

Check reddit:
https://www.reddit.com/r/Cryptopia/comments/au9hja/lets_start_fighting_for_our_money/

Telegram groups:
https://t.me/Cryptopiatraders
https://t.me/cryptopiausersclaimsuit

Cryptopias Twitter Channel (without real news but nice comments):
https://twitter.com/cryptopia_nz?lang=de&lang=de

[peonminer]

Who has the cryptopia bitcoin wallet addresses? I would like to do some blockchain digging.

[mr.relax]

Today, after terrible long silence, good news are coming from Cryptopia.
Check their twitter...

[RivAngE]

Who has the cryptopia bitcoin wallet addresses? I would like to do some blockchain digging.

I've found an old post of mine just for you mate!
This is one of their (previous) deposit wallets: 3ALZ4ALw2T4jebXXUy8GMv2rLB7JpFL1JD]3ALZ4ALw2T4jebXXUy8GMv2rLB7JpFL1JD
I had also tried to do some digging, here's what I had found,

Okay I think I found the Cryptopia's BTC wallet. My deposit there is kinda old and I can't recall 100% if it's the address I deposited was Cryptopia's or another exchange's, but I traced the movement and since the wallet's movements stopped on 14th January I'm 99% sure it's Cryptopia's.

This is their wallet: 3ALZ4ALw2T4jebXXUy8GMv2rLB7JpFL1JD

After many hops between 1-use addresses, I find a big amount of funds consecrated here: 12YBZCaPe45LFbvgYWP5AVm3pvZTtHTiNY
This was a new address created on 13th January.
It seems that after gathering BTC from different Cryptopia's wallets, summing 392.31 BTC, they sent a "test" transaction of 3 BTC on 14th January and 10 minutes later they sent all the amount to the same address.

From that point on, it seems like the funds were split to multiple addresses, probably many of which are exchanges.

Your thoughts? Anything I missed maybe?

Today, after terrible long silence, good news are coming from Cryptopia.
Check their twitter...

Tweet 1#
We are continuing to work on assessing the impact incurred as a result of the hack in January. Currently, we have calculated that worst case 9.4% of our total holdings was stolen. Please keep an eye on our page for further updates today

Tweet 2#
We are securing each wallet individually to ensure the exchange is fully secure when we resume trading.
We have more updates to come today, please keep an eye on our page.

Tweet 3#
As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses.
We have more updates to come tomorrow, keep an eye on our page.

[Bitze]

All I know is they are doing a very poor, almost intentional job at not communicating to the public. They have all the user emails, maybe a nice letter of reassurance of what they are doing and when they plan to open for withdraws of OUR funds.  This just really seems suspicious now.  

i fully agree with you. if something happens then you have to stand by it. all involved parties deserve a notification and regular updates. i think the police can't forbid that
but at least via twitter there are some news. a lot of them are up to date.

[MinermanNC]

Yes, Twitter post help but is a very general way to be handling this. A direct email would be far more professional and reassuring. We shall see....  

[onecall123]

Yes, Twitter post help but is a very general way to be handling this. A direct email would be far more professional and reassuring. We shall see....  

I should think so. Indeed, smart thought as most account associated with the email. That would be regarded genuine formal procedure than this. I appreciate their new approach, though. They are not bankrupted, our assets are very Safe! I trust we hear some good news on the very beginning of March.

[MinermanNC]

Yes, Twitter post help but is a very general way to be handling this. A direct email would be far more professional and reassuring. We shall see....  

I should think so. Indeed, smart thought as most account associated with the email. That would be regarded genuine formal procedure than this. I appreciate their new approach, though. They are not bankrupted, our assets are very Safe! I trust we hear some good news on the very beginning of March.

Yes and more news has come out that they have lost around 9.4 % of their crypto assets. So maybe not a total loss now.

https://www.coindesk.com/hacked-exchange-cryptopia-discloses-estimate-of-stolen-crypto

[MinermanNC]

Maybe just maybe we will get somewhere with Cryptopia?   

https://twitter.com/cryptopia_nz?lang=de&lang=de

[harizen]

Today, after terrible long silence, good news are coming from Cryptopia.

Hopefully the expected good news will not become terrible lol.

Cryptopia Exchange@Cryptopia_NZ
Update: We are aiming to have the Cryptopia site re-opened as read only by Monday.

Still wondering how's the compensation (cross fingers) of lost tokens will be done.

[jhongzjhong]

Cryptopia Exchange@Cryptopia_NZ
Update: We are aiming to have the Cryptopia site re-opened as read only by Monday.

Re-open? Lol, I don't think so if people or their current clients will trust them again. They are a very shady exchange, I think building trust again for them is not easy and as of now traders perhaps afraid of what happened before. my guess that exchange was going to die no traders will come there.

[examplens]

Cryptopia Exchange@Cryptopia_NZ
Update: We are aiming to have the Cryptopia site re-opened as read only by Monday.

Re-open? Lol, I don't think so if people or their current clients will trust them again. They are a very shady exchange, I think building trust again for them is not easy and as of now traders perhaps afraid of what happened before. my guess that exchange was going to die no traders will come there.

it will soon be forgotten. but it is good to come back. They will probably maximum slow down all withdrawal because of security and trying to keep people in. Also, expect to reduce the conditions for listing new altcoins to bring as many people back.