EmirhanDemircio Posted February 14, 2019 #26 Posted February 14, 2019 On 1/15/2019 at 3:51 PM, Poknoy said: Well, I predicted that they will do that that's why I moved to Binance and KuCoin. i saw that before in a site that predicting this and they were really sure.
Kate Posted February 17, 2019 #27 Posted February 17, 2019 On 2/14/2019 at 11:12 PM, EmirhanDemircio said: i saw that before in a site that predicting this and they were really sure. Actually we can't really predict that even though that Cryptopia is even one of the most choices of more freedom with less fees it also comes with a price the less fees implies that since they get less of a share from your profits they can't keep a very secure exchange system where as binance charges 50000 satoshis for each transaction and in a day there are 100 users withdrawing hence they easily get 0.5 Bitcoin which is around 1500$ and an easy money grab for them to enhance their security.
wry Posted February 27, 2019 Author #28 Posted February 27, 2019 In an update to this story Cryptopia has reported it has lost a little over 9% of it's assets. Hopefully, they will reopen soon, as it looks like they are working toward that based on their latest Twitter posting to not deposit to any old Cryptopia deposit addresses. Frankly, I can't imagine the rush they are going to have with everyone trying to cash out as soon as they open. They promise many more updates soon. Follow their twitter for the latest here: https://twitter.com/Cryptopia_NZ
wry Posted March 6, 2019 Author #29 Posted March 6, 2019 A final update: Cryptopia has reopened, right now it is read only however so a long way from being back to normal. I expect there will be a mad rush as everyone tries to withdraw their balances. I at least give them credit for not giving up and running away.
swoleisthegoal Posted March 6, 2019 #30 Posted March 6, 2019 hopefully, this is a wakeup call to crypto sites and they begin to up their security. if peoples funds are at risk and its the SITES fault they are stolen i believe the site should reimburse them as it is their fault their security is lacking.
Shaniqua Posted March 6, 2019 #31 Posted March 6, 2019 On 1/16/2019 at 12:34 AM, 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. wow what a interesting idea, i wonder if this type of thing or insurance actually exists or not kind of like the fiat FDIC
wry Posted May 15, 2019 Author #32 Posted May 15, 2019 In a sad final update to this story, Cryptopia announced it would have to liquidate: https://www.cryptopia.co.nz/ Condolences.
Babagucci Posted May 16, 2019 #33 Posted May 16, 2019 On 1/15/2019 at 7:33 AM, 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/ Always problems with cryptopia, I stopped using them a lot ng time ago. They don't know how to properly run an exchange.
Shaniqua Posted May 16, 2019 #35 Posted May 16, 2019 so man y exchanges hacked again and again... it wont ever stop huh... nothing safe i guess
wry Posted May 22, 2019 Author #36 Posted May 22, 2019 WOW! And I only thought liquidation was the end of the story. It turns out that one of the Cryptopia founders is starting ANOTHER exchange! To be fair to him, he was not involved at the time of the "hack" but still, he left one exchange to start another? Seems odd. Anyway, Link: https://www.coindesk.com/collapsed-cryptopia-exchange-founder-wants-you-to-put-funds-in-his-new-project
rajamishra Posted May 22, 2019 #37 Posted May 22, 2019 hello friends hope who are user there may recover their coin so soon,still its a threatening to crypto users before they store the coin check their security and terms properly and then go for stored.
Eben Posted May 25, 2019 #38 Posted May 25, 2019 On 1/15/2019 at 7:33 PM, 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/ So how much was hacked? If it is a minor exchange I don't think there are big numbers
675675 Posted September 24, 2019 #39 Posted September 24, 2019 I think people will no longer invest their money there
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