So Cryptopia has been hacked MILLIONS GONE

Discussion in 'Digital Currencies' started by Gullintanni, Jan 15, 2019.

  1. Gullintanni

    Gullintanni Well-Known Member

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  2. dozerz

    dozerz Well-Known Member Silver Stacker

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    kim dot com needs to pay his legal bills somehow.
     
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  3. Gullintanni

    Gullintanni Well-Known Member

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  4. systematic

    systematic Well-Known Member

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    The reason why embezzlement and hacking crimes exist is because people are stupid and some think it is funny instead of taking it seriously ....
     
  5. dozerz

    dozerz Well-Known Member Silver Stacker

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    looks like only ethereum tokens taken, other wallets have not moved, bismuth for example holds 300btc worth remains untouched.
     
  6. Silverdale

    Silverdale Active Member

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    Hope they didn't raid my account I think I still have 27 cents there
     
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  7. Gullintanni

    Gullintanni Well-Known Member

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    Is that a dig at me and Dozer?

    I certainly do not think financial crimes are funny, in fact i think those that commit them get far to lenient sentences.
    I am simply amazed that it is a HERE WE GO AGAIN situation with cryto.
     
  8. dozerz

    dozerz Well-Known Member Silver Stacker

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    wuznt me
     
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  9. goldpelican

    goldpelican Administrator Staff Member

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    I would be interested to find out "how" they were hacked - there's so many attack vectors. Compromised user accounts, software bugs, infrastructure security holes, rogue employees...

    Looks like only two coins were taken - ETH and one other alt coin which I cannot find the name of now.

    Had a relative working in the building society sector in the 2000s - daily losses to fraud or security hacks were in the tens of thousands at the one building society he worked at. Several million every year in a small regional building society that was just considered a "cost of doing business". Never disclosed publicly.
     
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  10. Jim4silver

    Jim4silver Well-Known Member

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    Embezzlement and hacking happen because there are always crooks looking for people who have unsecured or insufficiently secured electronic or digital assets within easy reach.
     
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  11. Gullintanni

    Gullintanni Well-Known Member

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    Dearest dozer ,i thought systematic was having a dig a YOU and ME for our seemingly blase approach.
    I was not trying to say it was you mate, i thought it was US that they were having a go at:)
     
  12. Gullintanni

    Gullintanni Well-Known Member

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    I'd bet some of those millions on an employee facilitated theft.
     
  13. dozerz

    dozerz Well-Known Member Silver Stacker

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  14. systematic

    systematic Well-Known Member

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    If you are "amazed" then express it appropriately ... you could condemn it instead of laughing about it ... show some integrity and maybe some maturity ...
     
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  15. Gullintanni

    Gullintanni Well-Known Member

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    Sounds reasonable.
    I have money tied up in there so at least i have some personal interest in this one, do you?

    I also hear that binance has frozen the accounts where some of the crypto was transferred and i just about wet my pants when hearing that.
    After all crypto was supposed to protect us from banks and governments having all their control over our money, right?
    Crypto is a very very very large scheme to separate people from their money and anyone who thinks otherwise is WRONG.
    Just like all other ponzi or pyramid schemes some people do make money like with crypto, but in the end most lose money.
    Just because crpyto has 100 billion involved does not make it legit, IT JUST MAKES IT THE WORDS BIGGEST RIP OFF.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    100 billion is market cap based on the last transacted price. Theoretically, a single buyer buying just 1 bitcoin is enough to create this 100 billion market cap.

    Don’t know much about cryptos but how do we know the bids on exchanges are real? How to know it is not shill bids? Insiders could bid up the price to attract “buyers” and customers. If they run out of funds, the exchange will be hacked.
     
    Last edited: Jan 17, 2019
  17. willrocks

    willrocks Well-Known Member Silver Stacker

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    When I was working in a bank they had a security hole that allowed thieves to get away with $$ thousands each month. It was cheaper to let them continue rather than fix the problem. It eventually stopped after about 6 months when machines were upgraded.
     
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  18. systematic

    systematic Well-Known Member

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    That is because banks understand the nature of money and they know money is not valuable ... what is valuable is the power and control it has on others ...

    The banks see the financial system like a hotel and if a few extra tissues go missing from the tissue box on the table it is no big deal to them ...

    However to the public when financial theft and fraud is committed against them it is psychologically similar to how it is to a violent rape ... many papers have been published on this subject ... white collar crime is a disgusting immoral and criminal act and should be treated no differently to a criminal assault ...
     
    Last edited: Jan 17, 2019
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  19. systematic

    systematic Well-Known Member

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    If the headline was "Women's shelter invaded millions of women and children raped" it would not be regarded as a laughing matter ... but in a psychological sense the people that had their money stolen from them are statistically going through the same torment of a violent sexual assault ... it is important to realise how truly dysfunctional the financial sector is and what kind of people it attracts ...
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    How many politicians and public office holders have committed some form of white collar crime? They would legalise white collar crime if they could.
     
    Last edited: Jan 17, 2019
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