Cryptopia exchange hacked

[yurimir]

Now the situation begins to clear up. I hope Cryptopia will work in full mode soon  

"The New Zealand-based crypto exchange that just suffered from a massive yet “untypical” hack will be introducing cancel-only mode for their users in the next few days.

The announcement wrote that users are allowed to cancel any positions accordingly on this mode, although there’s no detail on how many days will “the next few days” be.

Moreover, the team also emphasized that this update is crucial as it will be the last step before the trade engine is turned back on for trading."

https://www.chepicap.com/en/news/7921/cryptopia-to-introduce-cancel-only-mode-trading-engine-will-be-on-after.html

[pinoycash]

Now the situation begins to clear up. I hope Cryptopia will work in full mode soon  

"The New Zealand-based crypto exchange that just suffered from a massive yet “untypical” hack will be introducing cancel-only mode for their users in the next few days.

The announcement wrote that users are allowed to cancel any positions accordingly on this mode, although there’s no detail on how many days will “the next few days” be.

Moreover, the team also emphasized that this update is crucial as it will be the last step before the trade engine is turned back on for trading."

https://www.chepicap.com/en/news/7921/cryptopia-to-introduce-cancel-only-mode-trading-engine-will-be-on-after.html

I find it odd that they are not talking about withdrawal they are playing it safe and nicely and buying more time to build up more trust so no mass withdrawal will happen when they eventually open for business.

[RivAngE]

Now the situation begins to clear up. I hope Cryptopia will work in full mode soon  

"The New Zealand-based crypto exchange that just suffered from a massive yet “untypical” hack will be introducing cancel-only mode for their users in the next few days.

The announcement wrote that users are allowed to cancel any positions accordingly on this mode, although there’s no detail on how many days will “the next few days” be.

Moreover, the team also emphasized that this update is crucial as it will be the last step before the trade engine is turned back on for trading."

https://www.chepicap.com/en/news/7921/cryptopia-to-introduce-cancel-only-mode-trading-engine-will-be-on-after.html

I find it odd that they are not talking about withdrawal they are playing it safe and nicely and buying more time to build up more trust so no mass withdrawal will happen when they eventually open for business.

They can't allow you to withdraw what they don't "physically" have. I suppose that "physically" isn't the exact word for cryptocurrencies, but you get what I mean. They had coins stolen so even though we see some balances in our accounts, they can't be put into the blockchain because Cryptopia doesn't hold those coins anymore.

As stated here: https://twitter.com/Cryptopia_NZ/status/1102776289650335744 they'll offer "rebates"... now what those "rebates" mean, I don't know.

[pinoycash]

They can't allow you to withdraw what they don't "physically" have. I suppose that "physically" isn't the exact word for cryptocurrencies, but you get what I mean. They had coins stolen so even though we see some balances in our accounts, they can't be put into the blockchain because Cryptopia doesn't hold those coins anymore.

As stated here: https://twitter.com/Cryptopia_NZ/status/1102776289650335744 they'll offer "rebates"... now what those "rebates" mean, I don't know.

I dont have ERC20 or ETH Balance on my Cryptopia account and majority of my funds is on USDT and its not affected by the hack.

They should be allowed to be withdrawn while the users with affected coins can wait for their so called rebates.

[digit]

They can't allow you to withdraw what they don't "physically" have. I suppose that "physically" isn't the exact word for cryptocurrencies, but you get what I mean. They had coins stolen so even though we see some balances in our accounts, they can't be put into the blockchain because Cryptopia doesn't hold those coins anymore.

As stated here: https://twitter.com/Cryptopia_NZ/status/1102776289650335744 they'll offer "rebates"... now what those "rebates" mean, I don't know.

I dont have ERC20 or ETH Balance on my Cryptopia account and majority of my funds is on USDT and its not affected by the hack.

They should be allowed to be withdrawn while the users with affected coins can wait for their so called rebates.

USDT is also an ERC20 token, not just OMNI.  and they have not made a public announcement of what has been lost, so no one knows.

Unless you can show on one or both of its blockchains, you cannot know if the USDT are safe.  Have you checked on either of the blockchains for USDT to see if Cryptopia wallet has its coins?

[pinoycash]

USDT is also an ERC20 token, not just OMNI.  and they have not made a public announcement of what has been lost, so no one knows.

Unless you can show on one or both of its blockchains, you cannot know if the USDT are safe.  Have you checked on either of the blockchains for USDT to see if Cryptopia wallet has its coins?

Based on unofficial reports, only TrueUSD are stolen by the hacker which is an ERC20 Token.

So there are big chances that they are using omni for their USDT Balance


EDIT

I just check that they are using OMNI for their USDT


Current Block height of Omni 565889
https://omniexplorer.info

[condoras]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

[pinoycash]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

Hello Brother Condoras long time...

Yes the site is currently on read-only mode and their next plan of action is to open the site as cancel-only mode (wherein users can cancel their orders from the trading terminal page) 

[starmman]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

Hello Brother Condoras long time...

Yes the site is currently on read-only mode and their next plan of action is to open the site as cancel-only mode (wherein users can cancel their orders from the trading terminal page) 

Did anybody lose any coin?

[RivAngE]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

Hello Brother Condoras long time...

Yes the site is currently on read-only mode and their next plan of action is to open the site as cancel-only mode (wherein users can cancel their orders from the trading terminal page) 

Did anybody lose any coin?

Well, my whole 0.000005 BTC dust is still there for now, but that's only during the "view-only" phase. I hope that after they restart the business they won't touch my balance!
Seems like there is no official word about it though.

[harizen]

Did anybody lose any coin?

100% yes.

Everyone saw their balance, including mine, complete and exact amount prior to the hack.

But until the site goes live we can't really say if some of users here in the forum got lost coins.

They should be allowed to be withdrawn while the users with affected coins can wait for their so called rebates.

We didn't even know if our balance still there.

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?

If 2FA is activated, I think no email authentication needed at least in my case. 2FA can't be found in email.

[condoras]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

Hello Brother Condoras long time...

Yes the site is currently on read-only mode and their next plan of action is to open the site as cancel-only mode (wherein users can cancel their orders from the trading terminal page) 

Nice to see you again man, long time indeed...

If you don't know that is on "read-only" mode, you believe that nothing happend.
I don't understand though why to do such few steps for such long time. Probably they want to fix books before they open withdraws?

We didn't even know if our balance still there.

At least "looks" like it's there, even if we can't move or trade it.

[bitbollo]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

Hello Brother Condoras long time...

Yes the site is currently on read-only mode and their next plan of action is to open the site as cancel-only mode (wherein users can cancel their orders from the trading terminal page) 

Did anybody lose any coin?

No. Because my funds deposited were BSD and it seems the wallet hasn't be hacked.
https://chainz.cryptoid.info/bsd/wallet.dws?36087.htm

[harizen]

At least "looks" like it's there, even if we can't move or trade it.

Don't want the idea of a fake view. It will build a fake expectations.

Looks like a delaying tactics to me just to show their customers that they are taking actions.

Anyways, hope that another good progress will happen few days by now.

[figmentofmyass]

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.

it's much better than expected. bitfinex lost ~36% of user deposits a few years ago and they recovered. (although personally i still feel screwed over by the way bitfinex handled things and i'm sure people at cryptopia will too)

Did anybody lose any coin?

No. Because my funds deposited were BSD and it seems the wallet hasn't be hacked.
https://chainz.cryptoid.info/bsd/wallet.dws?36087.htm

doesn't matter. they will probably haircut everyone's balances to account for the total losses. this is how other exchanges have handled hacks. they convert all the losses to fiat value and then socialize the % amount from all customers.

[STOPBEINGREEDY]

So users gain access again to the site but they can't do anything...
Now we will have to wait at least two weeks, to see wallets back and working or for something else? What's the next step of this procedure?

Hello Brother Condoras long time...

Yes the site is currently on read-only mode and their next plan of action is to open the site as cancel-only mode (wherein users can cancel their orders from the trading terminal page) 

Did anybody lose any coin?

I have $1400 in usdt on cryptopia and 0.2 BTC and 48 neo.
Waiting in limbo to see what has or has not happened to it.
Also have a few low market coins which are not my biggest concern.

[condoras]

At least "looks" like it's there, even if we can't move or trade it.

Don't want the idea of a fake view. It will build a fake expectations.

Looks like a delaying tactics to me just to show their customers that they are taking actions.

Anyways, hope that another good progress will happen few days by now.

I hardly believe that after Police investigation, will put fake balances. Besides most people didn't have any expectations at all.
Yes, they are late to announce some actions and it's obvious that it is their strategy. The result though so far, is positive and i really hope it continue this way.

So we are on the same page here.

[pinoycash]

I hardly believe that after Police investigation, will put fake balances. Besides most people didn't have any expectations at all.
Yes, they are late to announce some actions and it's obvious that it is their strategy. The result though so far, is positive and i really hope it continue this way.

So we are on the same page here.

Yes they are good in buying more time to create an illusion that they are working behind the scene's its getting more obvious now.

Next week (No specific day) they will enable cancel - only mode in the site and based on the discord discussion of some mods, Cryptopia will give more *time (ehem delay) to all customers to cancel all active orders on the site.

What happen next is still a mystery and still no positive news about customer's balance withdrawals.

[yurimir]

In my opinion, this story is very strange  - Mothership receive private keys from Cryptopia hacker, 16.8m MSP returned

https://www.chepicap.com/en/news/8000/mothership-receive-private-keys-from-cryptopia-hacker-16-8m-msp-returned.html

[harizen]

At least "looks" like it's there, even if we can't move or trade it.

Don't want the idea of a fake view. It will build a fake expectations.

Looks like a delaying tactics to me just to show their customers that they are taking actions.

Anyways, hope that another good progress will happen few days by now.

I hardly believe that after Police investigation, will put fake balances. Besides most people didn't have any expectations at all.
Yes, they are late to announce some actions and it's obvious that it is their strategy. The result though so far, is positive and i really hope it continue this way.

So we are on the same page here.

The opening of that fake website view turned out to be positive to others including me, but I realized later on that the picture was not totally makes sense and just used, as I mentioned, to show people they are in progress of making the site operational.

And now they leave people again hanging after a week of reopening that fake view site.

I really missed my funds there lol although Im now on the process of moving on.