Cryptopia exchange hacked

[harizen]

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.

Disregarding the "regaining back the trust", they really need to reopen the site for an obvious purpose that traders will now able to withdraw their respective assets. It's nice if somehow traders can get out here together with their funds.

After that, it's a dumb thing to used this platform once again. So if there will be a chance of regaining access to withdrawals, need to rush things and get out immediately.

[1713577377]

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[squatter]

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.

If user losses are capped below 10%, things might actually just go on as normal. Remember when Bitfinex got hacked for 120,000 bitcoins? They only got bigger after that. Never underestimate cryptocurrency investors. They're born gamblers.

Cryptopia has never really come across as shady to me, either. Maybe stretched too thin and supporting too many coins, but not particularly shady.

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

Maybe some angel investor will step in so Cryptopia can compensate the losses, like Coincheck. Wouldn't that be nice?

I'm guessing they'll issue tokens for the losses like Bitfinex did.

[RivAngE]

If user losses are capped below 10%, things might actually just go on as normal. Remember when Bitfinex got hacked for 120,000 bitcoins? They only got bigger after that. Never underestimate cryptocurrency investors. They're born gamblers.

Cryptopia has never really come across as shady to me, either. Maybe stretched too thin and supporting too many coins, but not particularly shady.

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

Maybe some angel investor will step in so Cryptopia can compensate the losses, like Coincheck. Wouldn't that be nice?

I'm guessing they'll issue tokens for the losses like Bitfinex did.

Bitfinex seemed shady to me, I was ready to trust them and they took over 2 months to activate my account! Like hell I'd ever use them after that, what would happen if they'd decide they want to hold my funds until I provide them with some random paperwork?

As for Cryptopia, why would they need an angel investor to help them? They've said that they estimate the loses to be AT WORST 10%. They've made a killing from listing all these small coins so they better suck up the loses themselves if they want to have a chance for people to ever trust them again.

[condoras]

The news about the re-opening is good news for all.
Either someone want's to keep trading there or not, the fact is that we will all have access to our funds.

Let's see what they will deside to do about withdraws (which imho will be big) and how to compensate people about this incident.

[yurimir]

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

Another positive tweet: "Update: We have transitioned 24% of all wallets to our new secure servers.  Once the read only site is online, we will be keeping users up to date on which wallets have been checked and secured via the coin info page."

https://twitter.com/Cryptopia_NZ/status/1101275730372059136

[bitbollo]

Hi guys, any news about bitsend tokens? They have been stolen also? Or it's possible recover it already? Thanks in advance for replies.

[digit]

Hi guys, any news about bitsend tokens? They have been stolen also? Or it's possible recover it already? Thanks in advance for replies.

doesn't look like it, and funds have not been swept yet.  most likely the Cryptopia staff have not done that wallet yet.

[mr.relax]

Are you talking about Cryptopia?
May be another exchange as Cryptopia never told they will close and users should withdraw their coins

[wwzsocki]

Are you talking about Cryptopia?
May be another exchange as Cryptopia never told they will close and users should withdraw their coins

Thanks for this reply. You are right this is about Cryptopia, not Nova. I don't know how I messed this up?

Deleted my post already because is not related at all.

[bitbollo]

Hi guys, any news about bitsend tokens? They have been stolen also? Or it's possible recover it already? Thanks in advance for replies.

doesn't look like it, and funds have not been swept yet.  most likely the Cryptopia staff have not done that wallet yet.

thanks digit. Maybe this wallet is really safe
So there are some news about next steps? When they will come back online again?
When they come back

[MinermanNC]

I think if they come back on line with enhanced security and make right the missing funds and offer attractive listing fees to new coins as in FREE for a while and gain back trust, they can survive this. many other exchanges have been hit and made the right steps to recovery and are still here and stronger than before. Lets hope this is the scenario for Cyrptopia.

Hope we learn more by Monday, that will be the first step! and stick to what you say Cryptopia!

[yurimir]

Latest news about Cryptopia's opening - Cryptopia exchange to reopen on 4th march, could possibly be delayed updates team

"Update: We were aiming to get the site live today however, we have had a slight delay and are aiming to have the site live tomorrow. We will keep you updated as this progresses.

— Cryptopia Exchange (@Cryptopia_NZ) March 4, 2019"

https://blockmanity.com/news/exchanges/cryptopia-exchange-to-reopen-today-could-possibly-be-delayed/

[beer_man]

We're always here for our investors. 
Cryptopia hackers tried to sell tokens on DEX and MyWish team has bought about 450,000 WISHs to distribute it back to the real owners.
Every user will get 22% of his/her lost WISH tokens back.

https://twitter.com/mywishplatform/status/1102592605932699648

[roughswap]

So Cryptopia is back up read only but when you try sign in it brings you to two factor authentication and i am not yet to get an email from Cryptopia with the code so can not login anyone else have this problem?

Also the balances are apparently pre hack so how do i know if my coins were untouched.

[adamvp]

So Cryptopia is back up read only but when you try sign in it brings you to two factor authentication and i am not yet to get an email from Cryptopia with the code so can not login anyone else have this problem?

Also the balances are apparently pre hack so how do i know if my coins were untouched.

I saw in main cryptopia thread such post: https://bitcointalk.org/index.php?topic=1669443.msg50025317#msg50025317
in the middle of this post you can find this part:

Lost & Found

ETH gone
GNT, REP still there  Shocked

My shitcoin bags still there!!
BTC, LTC, usdt, doge still there!!!!

but I don't quite understand how to understand it 

[Blawpaw]

Great news... At least we will have a chance to check how much was stolen. Bringing the Exchange back up again means they are trying to do something right

[peonminer]

Is anyone still using cryptopia after the hack? Seems really risky. I would just pull out and move on.

[mr.relax]

Nobody can use cryptopia now, its read only and it shows only the balance before the hack,
so nobody knows how much is left NOW.
But anyway thats a positive step forward.
Sure many will use it after the hack too.
Almost all exchanges were hacked already,
it depends how much they learn and how they handle the loss.
At least if they come back, its almost a proof that they were not the scammers.
At least no exit scam.

You would draw back your funds?
Nobody can draw back now, its read only...

[peonminer]

Oh I see... read only. I am glad they are still in business at least. They are letting people back on to view stats and everything and say they only lost 9.5% of funds. That's just scary to think about if they would have pulled a cryptsy. Yeah exchanges are risky and it set them apart since they actually are back online and it seems like they will soon let users trade and withdrawal again.

[boyptc]

Oh I see... read only. I am glad they are still in business at least. They are letting people back on to view stats and everything and say they only lost 9.5% of funds. That's just scary to think about if they would have pulled a cryptsy. Yeah exchanges are risky and it set them apart since they actually are back online and it seems like they will soon let users trade and withdrawal again.

They are trying to be transparent to gain back what has been taken to them and that is their reputation.

But the damage has been done, I'll wait on where this is heading. I'm hoping that most of the users funds will be refunded.