wry Posted January 15, 2019 #1 Posted January 15, 2019 While it is a minor exchange with relatively low volume I'm always sad to see these types of news stories. Cryptopia has been in unscheduled maintenance mode now for over 24 hours. This apparently was driven by it being "hacked." While it did not have a big negative effect on BTC price, it is always bad for the community, especially for lesser known alt coins that Cryptopia hosted. Condolences to anyone who had coins there. Link: https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/
Computer Posted January 15, 2019 #2 Posted January 15, 2019 omg really i think they hacked himself some people hate cryptopia because of withdrawal issues
Poknoy Posted January 15, 2019 #3 Posted January 15, 2019 Well, I predicted that they will do that that's why I moved to Binance and KuCoin.
bitman007 Posted January 15, 2019 #4 Posted January 15, 2019 HI friends , may be all of you read a news about recent hack Recently, @Cryptopia_NZ was the victim of a hack with more than $2 million leaks. Crypto exchanges MUST really care about #cybersecurity. According to some strong sources, there is no sign that Cryptopia has a bug bounty program. Should #CER take a closer look into this case? yes ? or No? if still not read the news can get here : https://www.coindesk.com/new-zealand-crypto-exchange-cryptopia-goes-offline-citing-major-hack
miconacua Posted January 15, 2019 #5 Posted January 15, 2019 20 minutes ago, wry said: While it is a minor exchange with relatively low volume I'm always sad to see these types of news stories. Cryptopia has been in unscheduled maintenance mode now for over 24 hours. This apparently was driven by it being "hacked." While it did not have a big negative effect on BTC price, it is always bad for the community, especially for lesser known alt coins that Cryptopia hosted. Condolences to anyone who had coins there. Link: https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/ as i thought, dont trust site like that, haha, always have a back up, i already withdraw
williamshennie9 Posted January 16, 2019 #6 Posted January 16, 2019 In my opinoon, exchanges that hold people's funds should have insurance against these types of attacks to protect their users who store funds in it.
wry Posted January 16, 2019 Author #7 Posted January 16, 2019 8 hours ago, williamshennie9 said: In my opinoon, exchanges that hold people's funds should have insurance against these types of attacks to protect their users who store funds in it. This is actually a very good idea! It is also one of the main reasons why a Bitcoin ETF can't get approved, authorities think that it is impossible to provide appropriate "custodianship" of crypto assets. Hacks like this reinforce that point of view.
miconacua Posted January 16, 2019 #8 Posted January 16, 2019 I agree wy and shenie, thus will be the best way to insure the people trusti their site
wry Posted January 16, 2019 Author #9 Posted January 16, 2019 Update! The New Zealand police are investigating and it looks like some of the ETH that was stolen was sent to Binance. Binance notes they have frozen it and so that gives me some hope that the site may recover. Of course, not sure anyone would keep coins there to trade if coins are not safe! Link to update: https://www.coindesk.com/new-zealand-police-keeping-open-mind-on-cryptopia-hack
carolwebd Posted January 16, 2019 #10 Posted January 16, 2019 Nice update @wry I hope that anyone who holds funds there, can benefit from this news! 40 minutes ago, wry said: Update! The New Zealand police are investigating and it looks like some of the ETH that was stolen was sent to Binance. Binance notes they have frozen it and so that gives me some hope that the site may recover. Of course, not sure anyone would keep coins there to trade if coins are not safe! Link to update: https://www.coindesk.com/new-zealand-police-keeping-open-mind-on-cryptopia-hack
bmg Posted January 18, 2019 #11 Posted January 18, 2019 It really is discouraging to read about these types of things but on the other hand it is being dealt with so hopefully it won't happen again.
Kate Posted January 18, 2019 #12 Posted January 18, 2019 Sad to hear it. I was a user of cryptopia and it had shutdown and come back up due to financial problems and investors invested in it. I had like 10k sats there and its gone but eh its fine .
Demarkus89 Posted January 18, 2019 #13 Posted January 18, 2019 This is very bad! Developers need to create a more reliable way!!!
williamshennie9 Posted January 18, 2019 #14 Posted January 18, 2019 On 1/16/2019 at 9:21 PM, wry said: Update! The New Zealand police are investigating and it looks like some of the ETH that was stolen was sent to Binance. Binance notes they have frozen it and so that gives me some hope that the site may recover. Of course, not sure anyone would keep coins there to trade if coins are not safe! Link to update: https://www.coindesk.com/new-zealand-police-keeping-open-mind-on-cryptopia-hack I really hope these criminals are caught! I think more crimes will be on a digital platform as we progress more into the future.
KiXxnTRiXx Posted January 20, 2019 #15 Posted January 20, 2019 Ahhh, Cryptopia.. i completely forgotten about that site since my laptop broke. That site was pretty cool, so many alt coins.. coins ive never even heard of and some with just right put funny names for a coin,l, I hope they get their site all taken care of..
CAPT.DEADPOOL Posted January 22, 2019 #16 Posted January 22, 2019 Yes a lot of coin there exchanger is stolen so very the hacker is very lucky but he is finding now to him self is how danger then finding nbi to trace him location.
Etude Posted January 22, 2019 #17 Posted January 22, 2019 I have not got to personally use Cryptopia exchange for cryptocurrencies but this is certainly an unfortunate news both for the company and cryptocurrency. They will really need to tighten up on their site security much more from now on.
artizykristy Posted January 22, 2019 #18 Posted January 22, 2019 Yes, there are lots of coin there exchangers, they are very good, but the hacker is very lucky, but he is finding him location. I hope the site I use isn't broken
Babagucci Posted January 22, 2019 #19 Posted January 22, 2019 I have always had issues with cryptopia especially during the big boom and the exchange had to pause they trading because they couldn't handle the volume. I have had coins stuck withdrawal issues, so many problems.
davinmark Posted January 23, 2019 #20 Posted January 23, 2019 for me personally i didnt know Cryptopia exchange because i using a local exchanger from my country. But there is so many issues about exchanger got hacked these past few days. its makes me worried about my balance in some exchanger for my advise better dont save too much money on exchanger. you cant do anything when its hacked. but its all your choice
wry Posted February 7, 2019 Author #21 Posted February 7, 2019 Just an update on this story from the official New Zealand Police web page, they are continuing their investigation and hope to be wrapped up onsite by next Friday (the 15th). They note all the challenges etc. of dealing with a crypto crime. Maybe if they get done on site the site will be able to open up and at least let its users withdraw any coins that might have survived, but somehow I doubt it. Oh well. Link to official announcement: http://www.police.govt.nz/news/release/police-continue-make-progress-cryptocurrency-investigation
barbaris Posted February 13, 2019 #22 Posted February 13, 2019 I have long refused this service and do not regret. They constantly have some problems and huge commissions.
wry Posted February 13, 2019 Author #23 Posted February 13, 2019 In an interesting update to this story, there is a news report that they have now been given the green light to reopen! While they have not yet, let's hope they do so soon both to allow users to withdraw their coins and to start generating income to make good the larger than expected losses that have occurred. While I want to be optimistic, their behavior to date does not inspire a lot of confidence. Link: https://news.bitcoin.com/hacked-nz-exchange-cryptopia-allowed-to-reopen/
bicoinman Posted February 14, 2019 #24 Posted February 14, 2019 which means if I understand well that the price of the bitcoi wari in the focus of news about him to know hacking, thefts, and others? so the BITCOINS are ot correcty that we have said since a long time?? please answers Cheers...!
Kate Posted February 14, 2019 #25 Posted February 14, 2019 Well what is a good thing is that unlike other governments New Zealand at least tries to find the culprit who did this and made them incur loses but there are governments who don't support crypto exchanges and doesn't care what happens to them.
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