Post
Topic
Board Press
Re: [2019-01-15] Breaking: Cryptopia hacked!
by
hatshepsut93
on 15/01/2019, 22:29:18 UTC
Lucky for me I had no funds there, what about you guys? I hope this does not turn out to be a big loss for lot's of users.

$1 million in daily volume gives you some idea -- it wasn't the biggest exchange.

With the altcoin market being so dead, I haven't touched tiny exchanges like that in over a year. I do have an account there and if this were 2017, I might have been affected.

Yet another example why you shouldn't store funds on exchanges. Just deposit, trade, and immediately withdraw.

I have my doubts about decentralized exchanges because of them being so tied to centralized payment systems when it comes to fiat, but when it comes to cryptocurrencies, decentralized exchanges seem to be the future. So, services like Cryptopia will eventually become obsolete, because their main feature is listing of wide variety of altcoins.