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Author Topic: Cryptopia exchange hacked  (Read 3325 times)
RivAngE
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April 30, 2019, 09:08:11 AM
 #341


Probably by late May or early June. CLM represents the value of the coins that were withdrawn by the hacker from your wallet (in NZ Dollar). You may face a 14% haircut on your Bitcoin holdings in Cryptopia. But don't worry. The remaining 86% is safe and you may be able to withdraw them in approx. 2 months from now. And you may get a part of the remaining 14%, if you chose to exchange the CLM coins to BTC or NZD.

Firstly the haircut effect all the clients/users of Cryptopia with no exeptions. Secondly withdraws for those coins is available from now, if anyone wants to.
As for the CLM tokens, Cryptopia doesn't even make a market. They just credit our accounts and nothing more, at least until now.
Btw a lot of alt coins are still not available due the "hot wallets" fixation...

They are so slow. They probably want to "prove" to their users that their exchange is safe again and they are trustworthy (or rather, fake it) before enabling CLM trading.
Maybe they'll stick a PoS tag on it hoping it'll be made less useless this way.
It's disgusting how they create a new useless token as a form of compensation when they already have their own token called "DOT" which at least has 1 use, that is getting listed in their exchange (https://www.cryptopia.co.nz/CoinListings).

They could have compensated people with DOT but nope, that'd be like sharing the loses with their users, let's instead push all the loses to their customers! Great business tactic.

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April 30, 2019, 10:23:22 AM
 #342

Quote
Anyone here already got a successful withdrawal by now? (BTC,LTC,Doge)
Yes I got my BTC out, already last week.
BUT: My Altcoins are not tradeable against BTC and I cannot withdraw.
So since 3 Months they block the money.
Its not only the haircut, but still lack of info and no progress at the altcoins.
They autoclose tickets.
They lie about the (almost nonexistent)progress.
They have no plan to slowly pay the loss-tokens back, not even a promise...

Man, there are people who open a new exchange in less time.

They dont know how to handle things or they dont want to handle them.

I dont believe I will get my altcoins, I think cryptopia will be dead before.
Somehow its a zombie already...
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May 01, 2019, 03:25:33 PM
 #343


Anyone here already got a successful withdrawal by now? (BTC,LTC,Doge)

In such cases, users have to wait for years to get back their money but Cryptopia has been more reliable than other exchanges that just pulled down their website and disappeared. I'm also waiting on withdrawing my altcoins.

Already prepared on that since the day it was hacked. On the bright side, even they left their customers hangings for a brief period of time, at least they showed some progress even at slow phase. Still hoping even at low chances that my altcoins there where not affected by the hacked as it wasn't even mentioned on several reports that released.

I withdrew my 0.03 BTC from the website last week and since it was Easter, I got it after 3 days. I have another 0.035 BTC stuck in altcoins. Not a big amount but those coins were worth even more when I deposited them. My mistake as I just forgot about the exchange for a year and now desperately need them out as I need to swap some of them and have asked the admin to wait for Cryptopia's update.

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May 01, 2019, 07:32:31 PM
 #344

Quote
Anyone here already got a successful withdrawal by now? (BTC,LTC,Doge)
Yes I got my BTC out, already last week.
BUT: My Altcoins are not tradeable against BTC and I cannot withdraw.
So since 3 Months they block the money.
Its not only the haircut, but still lack of info and no progress at the altcoins.
They autoclose tickets.
They lie about the (almost nonexistent)progress.
They have no plan to slowly pay the loss-tokens back, not even a promise...

Sadly, they probably won't be able to -- at least from the look of these pitiful trading volumes and the loss of trust after this pathetic relaunch. This situation increasingly reminds me of Vircurex. After being hacked in 2014, Vircurex attempted to maintain services and slowly paid back a small portion of the losses. But trading volume died and they eventually just stopped processing withdrawals. Then they disappeared.

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May 01, 2019, 08:14:43 PM
 #345

Quote
Anyone here already got a successful withdrawal by now? (BTC,LTC,Doge)
Yes I got my BTC out, already last week.
BUT: My Altcoins are not tradeable against BTC and I cannot withdraw.
So since 3 Months they block the money.
Its not only the haircut, but still lack of info and no progress at the altcoins.
They autoclose tickets.
They lie about the (almost nonexistent)progress.
They have no plan to slowly pay the loss-tokens back, not even a promise...

Sadly, they probably won't be able to -- at least from the look of these pitiful trading volumes and the loss of trust after this pathetic relaunch. This situation increasingly reminds me of Vircurex. After being hacked in 2014, Vircurex attempted to maintain services and slowly paid back a small portion of the losses. But trading volume died and they eventually just stopped processing withdrawals. Then they disappeared.
Cryptopia would be heading on the same path.This is the problem on where exchanges getting hacked because trust of its users cant really able to gain back which means majority of them will really switch into those flawless or non tarnished exchangers rather than entrusting their coins into an exchange which do have the history of hacking.It would be just a normal reaction for anyone to experience this problem so i wont be surprised if this would disappear too.



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May 02, 2019, 05:09:01 AM
 #346

They had their chance of regaining trust.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.
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May 02, 2019, 08:26:17 AM
Merited by suchmoon (4)
 #347

They had their chance of regaining trust.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.

B-but-but... the police... they blocked our entrance... a-and then the weather... such a bad weather, first of all is the employee's safety!
A-A-and th-the coffee machine broke, our employees can't work more than 1 hour per day without coffee.
Al-also, two of our hamsters powering the servers died, so we can't sync more than 1 wallet at a time.

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May 02, 2019, 02:10:00 PM
 #348

They had their chance of regaining trust.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.

B-but-but... the police... they blocked our entrance... a-and then the weather... such a bad weather, first of all is the employee's safety!
A-A-and th-the coffee machine broke, our employees can't work more than 1 hour per day without coffee.
Al-also, two of our hamsters powering the servers died, so we can't sync more than 1 wallet at a time.

It's true that they come up to with more than 1mil excuses and it's well known already their "remarkable" customer service...
We can only (?) wait and hope that all the coins will be active.
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May 02, 2019, 05:53:22 PM
 #349


If they are not trying to regain trust or just want to disappear completely, they shouldn't allow withdrawals in the first place and let customers hanging for a long period of time by posting/tweeting they are really working.

That action is way better than those exchanges that turned scammed completely and leave without a trace.

I'm sicked of waiting whether what happened now to our altcoins there but I don't mind waiting now that they achieved even small progress.



Ok now confirmed that BTC withdrawals are now smooth. Those people who able to withdraw now can freely say goodbye to that exchange. Don't have BTC there, only altcoins, but the fact they allow withdrawals, hoping the next progress will now be on other altcoins (finger crossed).

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May 05, 2019, 01:11:18 AM
 #350

Cryptopia needs to give it up. This random new zealand exchange was fine back when altcoin exchanges were almost non-existent, but now there is so much competition they need to do better or exit the business.

Take your business elsewhere to a decentralized exchange or somewhere that has rock solid security.

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May 05, 2019, 12:42:48 PM
 #351

Cryptopia needs to give it up. This random new zealand exchange was fine back when altcoin exchanges were almost non-existent, but now there is so much competition they need to do better or exit the business.

Take your business elsewhere to a decentralized exchange or somewhere that has rock solid security.

Until they refund everyone with their hard earn money and all CLM Coins properly compensated they cannot give up and abandon their exchange. They should returned everything to all their users upto the single satoshi on each and every account.

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May 06, 2019, 08:05:21 PM
 #352

Cryptopia needs to give it up. This random new zealand exchange was fine back when altcoin exchanges were almost non-existent, but now there is so much competition they need to do better or exit the business.

Take your business elsewhere to a decentralized exchange or somewhere that has rock solid security.

Until they refund everyone with their hard earn money and all CLM Coins properly compensated they cannot give up and abandon their exchange. They should returned everything to all their users upto the single satoshi on each and every account.

I really dought that they will return everything back to us. Besides if they want to do just that, why they make a haircut and issue a new token?
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May 06, 2019, 11:23:51 PM
 #353

Cryptopia needs to give it up. This random new zealand exchange was fine back when altcoin exchanges were almost non-existent, but now there is so much competition they need to do better or exit the business.

Take your business elsewhere to a decentralized exchange or somewhere that has rock solid security.

Crytopia already allowed BTC withdrawals and that's a good action by them rather than be silent for long time and left without a trace. The said action lead others to get out to that exchange with their funds which is a good thing.

If you don't have an active funds left on Cryptopia prior to hacked then stop giving people an advice about using another exchanged instead. We know what we are doing.

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May 07, 2019, 12:36:58 PM
 #354

Cryptopia needs to give it up. This random new zealand exchange was fine back when altcoin exchanges were almost non-existent, but now there is so much competition they need to do better or exit the business.

Take your business elsewhere to a decentralized exchange or somewhere that has rock solid security.

Until they refund everyone with their hard earn money and all CLM Coins properly compensated they cannot give up and abandon their exchange. They should returned everything to all their users upto the single satoshi on each and every account.

I really dought that they will return everything back to us. Besides if they want to do just that, why they make a haircut and issue a new token?

They should be returning everyone coins by now except those that been affected by hack, But until now they choose to ignore their customer plead in opening withdrawals of other coins,.

Basically they are forcing their users to sell their coins at loss in the BTC market so they can withdraw their money out of cryptopia.

Imagine on Cryptopia people are selling their ETN at 69 sats while the real market price of each ETN is 90 sats in other exchanges,. Its a hard pill to swallow that people have no choice but to sell their ETN at loss for BTC, So they can withdraw their money out of their system.

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May 07, 2019, 01:09:08 PM
 #355

At least you can exchange and withdraw. My Altcoins show market-disabled, so i cannot withdraw or exchange to a withdrawable currency.
Cryptopia are SCAMMERS
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May 12, 2019, 06:59:12 AM
 #356

At least you can exchange and withdraw. My Altcoins show market-disabled, so i cannot withdraw or exchange to a withdrawable currency.
Cryptopia are SCAMMERS

If they are scammers, then why should they enable the withdrawals? Already most of the users have withdrawn their coins from the exchange. And regarding the altcoins, I was able to convert most of my altcoins to BTC, and then to withdraw them. Can you tell me which alt is having the market disabled? IMO, we need to give them more time. They are still in a recovery phase and we need to be patient.
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May 12, 2019, 10:53:09 AM
 #357

Given Ex. is Loki, but also other coins cannot been traded now and not withdrawn
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May 13, 2019, 01:39:10 PM
 #358

If they are scammers, then why should they enable the withdrawals? Already most of the users have withdrawn their coins from the exchange. And regarding the altcoins, I was able to convert most of my altcoins to BTC, and then to withdraw them. Can you tell me which alt is having the market disabled? IMO, we need to give them more time. They are still in a recovery phase and we need to be patient.

There is though a general question. How much time they need in order to have wallets for all the coins? Their excuse is that they need the devs of those alts... Roll Eyes
Btw a lot of coins are not available, even if the market is open to trade them. That's even more strange, don't you think?
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May 13, 2019, 08:17:51 PM
 #359

They had their chance of regaining trust.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.

B-but-but... the police... they blocked our entrance... a-and then the weather... such a bad weather, first of all is the employee's safety!
A-A-and th-the coffee machine broke, our employees can't work more than 1 hour per day without coffee.
Al-also, two of our hamsters powering the servers died, so we can't sync more than 1 wallet at a time.

They are calculating that trust is gone so pseudo Exit Strategy:

(1)  Freeze all Customer shitcoin transfers.

(2)  Force Customers to dump shitcoins for $0.80 on the dollar... Cryptopia instantly arbs your shitcoin for $0.20 in BTC.

(3)  With BTC mooning and alts tanking this is BIG WINDFALL for Cryptopia...
They could be making as much as $20-30,000/day by freezing Customer shitcoins indefinitely.

(4)  In any civilized country with a Court System (like NZ) this is fraud and criminal...
But when you are totally fucked anyway... hey, you do what you have to do  Cheesy
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May 14, 2019, 04:45:39 PM
 #360

Today I withdrew all my remaining BTC in Cryptopia (around BTC0.08). I wanted to withdraw some of my alts, but it was not possible since the hot wallets were not ready. I was waiting for more than a month now, so lost my patience and converted all my alts to BTC. Now I have just the CLM (Cryptopia Loss Marker) tokens remaining in that exchange.
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