Ongoing Massive Cryptopia Problems - Time to Take Action!steemCreated with Sketch.

in #cryptocurrency8 years ago

We know about the problems with Cryptopia for days, weeks, if not months. They are unable, unwilling or even intentionally hold deposits back from being credited and withdrawals from being processed.

There are hundreds of customer complaints all over the Internet, here, in their forum, in Facebook, in Twitter, in Steemit, you name it. But they can't be bothered. Support requests are simply ignored. There is no support. There is nothing but a black hole. No company address, no Email, no people, no nothing.

If you are a coin developer/provider/community, you should be on highest alert. Do not list your coins on Cryptopia! This poses an extremely high risk for any investor to lose all their funds and coins. We've just seen what happened to Nano/Raiblocks at the Bitgrail fraud.

Cryptopia may just be the next in line. All points into the same direction of failure. 3 Options, either they are insolvent, they got hacked, or they pull an exit scam, or any combination of these.

This can no longer be seen as a minor technical issue that may be resolved in some days. They have clearly shown they are unable and unwilling to fullfil their duties as registered financial service provider, based in New Zealand.

Action needs to be taken now before it is too late and they run!

Sort:  

So there has been a hack and user data was compromised. What exactly happened is still unclear:
https://www.reddit.com/r/Cryptopia/comments/7z38w7/cryptopia_leaked_ccd_emails_for_2fa_reset/

It's confirmed now, they do it intentional and there are no technical issues at all.

I did another withdrawal of a small amount of 1.6 BTX to the same address. This went through. Another withdrawal of 220 BTX is stuck in "processing" for almost a week now. They keep higher balances artificially stuck in either deposits or withdrawals and are collecting the airdropped dividend of 6% every Monday, I have no longer doubts about this. The same is the case for DeepOnion which pay around ~3% in their "airdrop" every Friday. Shame on you, Cryptopia. You are thieves and it is proven now!!!

Coin Marketplace

STEEM 0.11
TRX 0.33
JST 0.032
BTC 116787.39
ETH 4002.43
USDT 1.00
SBD 0.74