⚠ ⚠ CRYPTOPIA EXCHANGE HACKED! -- REALTIME INVESTIGATION THREAD ⚠ ⚠

[chromosoma]

this is a truly shame, an exchange went down again. this is going to end as any other time, no funds will be gathered back nor the exchange will come back online. Luckily I'm not using such shitexchanges since a few years when I dumped all my shitcoins.

[BitGrind3r]

this is a truly shame, an exchange went down again. this is going to end as any other time, no funds will be gathered back nor the exchange will come back online. Luckily I'm not using such shitexchanges since a few years when I dumped all my shitcoins.

LOL

[kindbtc]

I always had a nervy feeling about cryptopia that is why i always tried to avoid it although the recent hack may not be their direct fault but still the blame will be on the team because they are responsible for the security.

[BitGrind3r]

I have a lot of issues with them in the past, mainly from support and transactions that take days to confirm. Cryptopia is being beaten by the new exchanges that offered lower fee and cheap listing the only reason I'm here are from a few coins I'm holding that I can only trade here.

Well, I had problems with support system of almost every exchange and I remember that in the middle of the last bullrun Cryptopia was one of the hottest Crypto to Crypto exchanges out in the market.

Also I thought Cryptopia would have ended in a exit scam much before than now (not affirming that they got an exit with this happening) but they instead went ahead operating the exchange such for long time.

I hope for everyone who had coins in it to regain access to the coins as soon as possible!

[Gab20]

I use cryptopia, but I do not hold my fund in it. Most times, after trading, I withdraw, because right from onset,I have always had the notion that exchanges are not safe if keeping funds, since the security of some of then is porous and liable to attacks by hackers.

[chocopapaya]

Wow, this made me realize that I have some random alts on there that I had forgotten about.
They are mostly shitcoins, so no big loss.
But I went through a stage where I was collecting funny shitcoins just for kicks and cryptopia was the best place to get my hands on them.
I'm pretty sure I had a bunch of Nyancoin on there lol.

But on the serious side, this is another sobering reminder about how risky leaving things on an exchange are.
Cryptopia is a New Zealand company, as such they reported to the New Zealand authorities.
...yeah, the chances the hackers are in New Zealand are like .00000001%.

And yes, we have the blockchain explorer and can track the movements of the crypto.
But beyond that, nothing.

[sixexgames]

This is the type of thing that makes everyday people scared to use crypto. Hopefully Cryptopia has the resources to make this right and can patch up holes in its security.

[ishirut009]

On the 14th January 2019 cryptopia exchange suffered a security breach and got hacked.

Still no news have been released about the entity of this loss, both in terms of financial amounts and personal informations.

This thread will follow the events.

Help to collect informations posting here if you have details about the things going on.

really we cannot blame the hacker that cryptopia's security is not good. That is why we really need to choose wisely when choosing an exchange, my first choice is binance. Binance can be able to track the hacked coins/tokens. Hats off to them.

[wayaneka]

Cryptopia is old exchange and i used it acouple years already, and this first times they get hacked. I have ECA and DAPS coin on that exchange, i believe the team of cryptopia will solve this issue soon and will be give good information update for all their user. But with this bad news did not make big effect to the crypto market, the price of Bitcoin just going down abit and going up again.

[ccsang]

Remember that I've register an account on cryptopia 1 year ago, that time I just used for trading non popular tokens, after that withdrawal all the assets and don't use it anymore, just wait for them update on the situation, fortunately hackers can't sold the funds anymore because binance has frozen some of the funds that were stolen from cryptopia.

[BitGrind3r]

This is the type of thing that makes everyday people scared to use crypto. Hopefully Cryptopia has the resources to make this right and can patch up holes in its security.

So if a Bank get robbed shouldn't be the same thing for FIAT money users?

[bisdak40]

1) possible exit scam under the excuse of an hack: in this case the service in unlikely to come back online and your funds are very likely to be lost forever.

If this would be the case then i lost my money on that exchange. I just have to learn my lesson on not to leave my tokens/coins on CEX.

Is there a chance that this would happen to Binance also?

[baigreen]

 What can we expect. Every month there are new exchanges. Which do not meet the high standards of protection. Hackers, of course, are young, they skilfully find frays in such exchanges. The losses will not be big. Since this may lead to a further fall in cryptocurrency prices.

[BitGrind3r]

What can we expect. Every month there are new exchanges. Which do not meet the high standards of protection. Hackers, of course, are young, they skilfully find frays in such exchanges. The losses will not be big. Since this may lead to a further fall in cryptocurrency prices.

Unless bigger exchanges are hacked all together resulting in a BTC loss over 100k BTC, market won't have any fault because of this kind of hacks.

This is no more 2014. Luckily.

[levyashin]

What can we expect. Every month there are new exchanges. Which do not meet the high standards of protection. Hackers, of course, are young, they skilfully find frays in such exchanges. The losses will not be big. Since this may lead to a further fall in cryptocurrency prices.

Unless bigger exchanges are hacked all together resulting in a BTC loss over 100k BTC, market won't have any fault because of this kind of hacks.

This is no more 2014. Luckily.

You can't say it is no more 2014. It was mt.gox that hacked.

If you think they were the market leader at that time, it would be like binance hack. And that would crash the markets a lot.

[BitGrind3r]

What can we expect. Every month there are new exchanges. Which do not meet the high standards of protection. Hackers, of course, are young, they skilfully find frays in such exchanges. The losses will not be big. Since this may lead to a further fall in cryptocurrency prices.

Unless bigger exchanges are hacked all together resulting in a BTC loss over 100k BTC, market won't have any fault because of this kind of hacks.

This is no more 2014. Luckily.

You can't say it is no more 2014. It was mt.gox that hacked.

If you think they were the market leader at that time, it would be like binance hack. And that would crash the markets a lot.

Mt.Gox was the leader in FIAT to BTC exchange markets so it affected so heavily the ecosystem of Bitcoin. Hack of Binance would result in "yet another crypto to crypto exchange". Hacking Binance alone won't cause panic dump such the Mt.Gox related ones.

[jan.nicolas]

I heard that this exchange was hacked. Today, every time the situation that would really concern the exchanges and hacking begins to resemble cases when the exchanges are breaking into themselves in order to collect the necessary amount of funds.

[BitGrind3r]

I heard that this exchange was hacked. Today, every time the situation that would really concern the exchanges and hacking begins to resemble cases when the exchanges are breaking into themselves in order to collect the necessary amount of funds.

Can you explain?

[lapyshka]

I have an account on cryptopia, there are not many assets of my assets there. But I don't want to lose them. Now I hope to see some good news.

[encryptedht]

This is my first time that an exchange was supposed to be hacked where i have some port polio in it. Honestly i am scared right now on losing my money on that exchange. Does anybody here know on what would be the future of our money on that exchange if it is true that it was hacked?

Same here. I've seen many hacks but it never happened to me before. Good thing is that most of the funds are stored off exchanges. Sooner or later any exchange can be hacked. That's why I only exchange on exchanges but store in wallets.