Cryptopia is gone?

[puremage111]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

[target]

It wouldn't be fair if they just close without giving their users the time to withdraw their funds. From everything I've seen, thats how it works.
They'd tried to revive the exchange, to see them coming back after the hack is something positive. Its still got some way to go of course but without a fighting chance, they may close. I'm not sure what they exactly mean on their announcement but my understanding is that the Liquidator Grant Thornton will act on their behalf probably they will continue its operation.

[Lakai01]

It wouldn't be fair if they just close without giving their users the time to withdraw their funds. From everything I've seen, thats how it works.
They'd tried to revive the exchange, to see them coming back after the hack is something positive.

Well, due to the fact their case is now managed by a liquidator it may now take a very long time to get access to those wallets, if they are ever unfrozen again. I am not sure who is the legit owner of wallets on an exchange, if its cryptopia they may use those wallets to cover their depts.

[arjuna BTC]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

after coinsmarkets few months ago, now cryptopia gone
what next ?
and now a lot of exchange born, i hope all the new exchange will have a good security system, to prevent hacking

[jak3]

I don't even understand what is happening in the market right now? Some exchange got hacked and some are closed. but still, the price is rising! the market is not making any sense. Cryptopia has a very high reputation so I do not expect anything shady from them. I hope they are going to pay all the debts to all of their users soon. they said

“Given the complexities involved we expect the investigation to take months rather than weeks.”

so just play the waiting game now.

[Pamadar]

It wouldn't be fair if they just close without giving their users the time to withdraw their funds. From everything I've seen, thats how it works.
They'd tried to revive the exchange, to see them coming back after the hack is something positive.

Well, due to the fact their case is now managed by a liquidator it may now take a very long time to get access to those wallets, if they are ever unfrozen again. I am not sure who is the legit owner of wallets on an exchange, if its cryptopia they may use those wallets to cover their depts.

That's the reality that will happen just in case they've decided to pay, but for now the investigation will take some time and everything are frozen no traders can get anything inside the exchange, lesson learned from investors who's keeping huge amount of assets from any exchange not to do it anymore.

[zgrdyg]

At least i withdraw my %85 of btc after hack. I have some other coins seems didn't affect on a hack, i hope they let me withdraw them either.

It is a dark day for the crypto community.

[Landak]

this is very sad news, many victims of cryptopia were hacked and there is no money back guarantee. after previously announcing to rise again but there were no more people who believed in cryptopia and now the news is that cryptopia will be shut down (omg).
there are some users whose balance is still stored in wallet cryptopia but cannot be withdrawn, shutdown without giving access to withdrawals. really bad, and very disappointing.

[erikalui]

I just read it and WTH. They won't allow users to withdraw their altcoins which haven't been hacked? How can they just shut down. I have funds worth 0.03 BTC or even more on the exchange.

[dunfida]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

after coinsmarkets few months ago, now cryptopia gone
what next ?
and now a lot of exchange born, i hope all the new exchange will have a good security system, to prevent hacking

We dont need new exchangers yet this is already somehow saturated.When it comes to good security it is a really a must thing
but preventing completely against hacking is impossible.Just take a look on what happened on Binance even how good they are
but still they were being hacked.

I don't even understand what is happening in the market right now? Some exchange got hacked and some are closed. but still, the price is rising! the market is not making any sense. Cryptopia has a very high reputation so I do not expect anything shady from them. I hope they are going to pay all the debts to all of their users soon. they said

“Given the complexities involved we expect the investigation to take months rather than weeks.”

so just play the waiting game now.

Users wont really have any choice but to play that waiting game. 

[ePesoInitiative]

I just read it and WTH. They won't allow users to withdraw their altcoins which haven't been hacked? How can they just shut down. I have funds worth 0.03 BTC or even more on the exchange.

Yeah, those New Zealand regulators don't know shit about crypto. They probably didn't know that it is possible some customers can withdraw their unstolen  coins just by tallying the existing balances of each token in Cryptopia's balance sheets. It will probably happen in few months.

[coco23]

Very sad news indeed. Cryptopia was a nice exchange for many smaller Altcoins. Wuth things like this happening, To me it looks like we are entering the era of decentralized exchanges. Many of the Altcoins on Cryptopia are now almost exclusively on DEXs like Cryptobridge. Its for the better for the user as  we are now in control of our own keys.

[arpon11]

Cryptopia is gone?

I don't get what they mean
They liquidated so they are saying that
the exchange shut down
I cannot withdraw anything from their wallet anymore?

This is really unbelievable! I have some units of graftcoin there and I am just hearing about this shutdown of cryptopia exchange platform for the first time.  I don't know if there is a provisions for investors and traders been able to withdraw their hard earned investments funds?  It is really a pity that this is happening at this time that I think cryptopia do give opportunity for those that want to makes money from the pump and dump of some coins.

[tomahawk9]

I just read it and WTH. They won't allow users to withdraw their altcoins which haven't been hacked? How can they just shut down. I have funds worth 0.03 BTC or even more on the exchange.

The Press release on their website says this:

"The liquidators are also working with independent experts and the relevant authorities with regards to the company’s obligations."

By "company's obligations" they probably meant paying off whatever amount in crypto a customer had on the exchange before shutting down (as well as settle the outstanding claims made by creditors, employees, shareholders, etc). The whole process could take months, even more, so you might want to sit tight and wait for a long time for the whole thing to resolve to see if you can get your coins back.

[CaVO32]

this press release says it all



if they are in the liquidation mode, they will be shutting down soon. i guess. i hope all those small time users can get their coins out as well. good luck!

[go4crypto]

Ever since cryptopia reopened after the hack, most of its coin wallets and withdrawls were suspended so it was not giving a good vibe. This announcement seals its fate. Just hoping that it will reopen again some day and will allow customers to withdraw their coins before closing for good.

[XbladedThanos]

Lets hope this security problem doesnt get to affect newer exchanges so we get to make convincing trade without any fear for now is best we just hold and see if they unfrozen the funds which they might likely do since they didnt announce anything like closing

[malcovi2]

It wouldn't be fair if they just close without giving their users the time to withdraw their funds.

But you forgot the rule in crypto. Its not your money if you dont hold the private key. Its their money because they have the private key, they control the funds.

[Japinat]

They are likely going to shut down, as no one would trust them anymore.
Your best option now is just to wait until you can withdraw your coin/s, for sure you are not the only one who the kind of problem.

[samcrypto]

At least i withdraw my %85 of btc after hack. I have some other coins seems didn't affect on a hack, i hope they let me withdraw them either.

It is a dark day for the crypto community.

Its a dark day for the users of cryptopia, especially those who are unable to get back their losses. Cryptopia was able to get active again after the hack but suddenly becomes inactive again, they must let the users to get the money its their fault and they should shoulder everything. Always don’t put big money on a wallet which you can’t control for your safety.