Cryptopia Hacked. Will BTC Crash?

[abstractednerve]

I don't think the crypto market will crash for this fake, scam exchange! I stopped even visiting cryptopia since November 2017! My first experience was horrible in cryptopia exchange and I never wanted to trade there! And this is the main exchange to manipulate the price and every signal group used this exchange to make people fool and at the end, they are claiming it is hacked! Oh, I don't believe it, and I think the owner of cryptopia is involved in this hacking.

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[tulpe12]

no the market wont crash due to hacks. only the bad news can affect the price for short term.

the bitcoins which were stolen are still in the blockchain pool, they are not gone, also they are tracable which makes the anonym cashout at such large sums very hard. they cant spam the bitcoins in exchanges in large amounts to affect the prices.

also such amounts of stolen bitcoins to cashout its common to do it by cash in person, so its no big buy or sell order which get logged on the exchange sites to dump or pump the prices as the trade is under the radar.


so no the only reason the prices gets dumped while the bad news of hacked exchanges are displayed, is only the fear of the ppl

[rodel caling]

Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.

Oh god, I never knew that one of the first exchanges I used and trusted would also make a final exit in this hard times. Cryptopia is not a huge exchange so I doubt that they will leave a negative impact on the marketcap but it's really good on pumping several altcoins.

Don't be buttered just be calm wait for the nitice update of cryptopia the management promise to give update to theirs user if the the problem fixed by the team management, yes it's possible havenegative impact for the crypto currency market.

[Ribbitforum]

From what i read all over in the internet news in google when i search only eth and erc20 tokens is affected with this hack but in the police new zealand website i only got this info http://www.police.govt.nz/news/release/investigation-involving-crypto-currency-company

[xuan87]

Usually a news like this could create panic situation for the investors and traders, but let's keep calm and try to wait for the update news, the price of BTC will surely affected by this news, but a crash like this could be recover soon, still wait for the official news, hopefully the damage is not too severe

[ranman09]

First bad news for 2019. Lets wait for the official press news.

From what i read all over in the internet news in google when i search only eth and erc20 tokens is affected with this hack but in the police new zealand website i only got this info http://www.police.govt.nz/news/release/investigation-involving-crypto-currency-company

So does this mean they are still in business?

[trashman43]

I just read this news. Its quiet sad to read such news about exchange sites. It is high time exchange sites improve on their security and avoid the chances of hackers from getting into their system. I just hope Cryptopia will recover from this hack as soon as possible.  

[bitcoinsc]

I heard it was erc20 token coins that are affected. I'm sad my btc is in there. It's sad my bank wasn't hacked but my crypto is hacked. So much for storing money into crypto.

[exstasie]

I heard it was erc20 token coins that are affected. I'm sad my btc is in there. It's sad my bank wasn't hacked but my crypto is hacked. So much for storing money into crypto.

Stop storing your money on exchanges. People storing crypto in their own wallets were unaffected by this hack.

From what i read all over in the internet news in google when i search only eth and erc20 tokens is affected with this hack but in the police new zealand website i only got this info http://www.police.govt.nz/news/release/investigation-involving-crypto-currency-company

So does this mean they are still in business?

Honestly, they should just be shut down. They slowly devolved from a decent exchange to providing Yobit-level service over the course of 2018. But I say that as someone with no skin this game. Whatever compensates depositors best, I'm all for it.....

[adaseb]

I don't think the 3% price decline yesterday was a result of the Crytopia hack. I think the ETH fork delay caused a greater panic than the exchange hack.

I think people these days are used to services and exchanges getting hacked. Crytopia is a medium type of exchange and doesn't seem to have an effect.

IF a larger exchange like Coinbase, Bitfinex or Bitmex gets hacked then it might cause chaos like the MtGox hack. However not as severe since there are many exchanges these days instead of the one.

[Mr.grin]

I just read this news. Its quiet sad to read such news about exchange sites. It is high time exchange sites improve on their security and avoid the chances of hackers from getting into their system. I just hope Cryptopia will recover from this hack as soon as possible.  

well, in general, if cryptopia gets hacked, it will definitely have an effect on bitcoin, or other altcoins. however, so far, there has been no significant decline. I only hope that cryptopia will immediately solve this as soon as possible. well, maybe other exchangers need to increase their defenses because of this.

[Barbut]

I just read this news. Its quiet sad to read such news about exchange sites. It is high time exchange sites improve on their security and avoid the chances of hackers from getting into their system. I just hope Cryptopia will recover from this hack as soon as possible. 

well, in general, if cryptopia gets hacked, it will definitely have an effect on bitcoin, or other altcoins. however, so far, there has been no significant decline. I only hope that cryptopia will immediately solve this as soon as possible. well, maybe other exchangers need to increase their defenses because of this.

What kind of effect can have cryptopia hack on cryptocurrencies? Exchanges gets hacked, banks get robbed, its what happens all the time. This is not a first exchange that gets hacked, and its not the biggest hack. What is $3,600,000 compared with $120B market cap? How big effect this couple millions can have?

[bering]

Too bad this has to be happen and this is another attempts to makes crypto price fall again because i'm sure some people will utilize this news to dump crypto price and i heard it yesterday and i was thought it was only a rumour but apparently this news were true and in the beginning of this year we have seen more exchange got hack it is very sad indeed

[Prettymie]

From what i read all over in the internet news in google when i search only eth and erc20 tokens is affected with this hack but in the police new zealand website i only got this info http://www.police.govt.nz/news/release/investigation-involving-crypto-currency-company

Thanks for sharing the news; it's so sad about this hacking incident that somehow many of crypto investors and traders have been the victims with this incident. I just hope that cryptopia management will reimburse those affected and make a thorough analysis to improve their system if they want to get live again.  Lessons learn to this incident that we don’t let our coins or token stay longer in the exchanges as they are prone to hacking.

[raven7886]

Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.

No. Why would btc be affected by cryptopia hack? I mean cryptopia is a good exchange at its level and all that but they are not really that big and even if the hacker got all the money in hot wallet it would probably not end up worth that much.

Bitcoin managed to get 5 thousand bitcoin sold all at once and dropped only 8% at one point, which means bitcoin can take some damage and still continue to fight the bull side instead. We are waiting for the SEC decision now and the BAKKT deal going through so right now wouldn't be the right time to sell anyway and thats why even hackers won't be selling their coins right now.

Maybe wait until that two thing goes by and if the price goes higher than they can sell their coins for a profit on the hack job but until that time it seems like crash is impossible.

[deisik]

Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked

Cryptopia was a shitty exchange from the beginning

And they didn't do anything to change things for the better. So it was only a matter of time till they were hacked. They had plenty of stupid issues in the past that was a very clear writing on the wall showing that their management was very unprofessional if not to say outright amateurish and incompetent. I tried trading doges there some time ago but later moved away since trades were lagging as hell and it was almost impossible to trade there in any meaningful way (unless you made only a couple trades a day, of course)

[romero121]

Exchange hacks were common with cryptocurrency. Likewise now it has happened with cryptopia, it isn't a big volume tradeable exchange. Upon this bitcoin won't crash after these hacks. In the past when top volume exchanges get hacked the price used to crash for a while and after a short the price recovery happens. Surely the price of bitcoin will slightly crash and will recover gradually.

[jrrsparkles]

The hack of Cryptopia exchange didn't bother the price of bitcoin or any other crypto currencies yet.Is they have released any information about their have like what coins they have lost and they are going to make any refund or something?

[thecodebear]

nah at this point price is at the bottom of the market and only a major hack of a major exchange would drop the price significantly.

[omonuyak]

Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.

I am hearing about this for first time and I have some coins with them! I think there are ligitmate and may there are really suffering from hackers attacks. Because of volume of coins with them I think this is going to really affect the market.