They had their chance of regaining trust.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.
But after 3 months they dont got their exchange running.
You cannot rise from the ashes if you dont try to stand up.
B-but-but... the police... they blocked our entrance... a-and then the weather... such a bad weather, first of all is the employee's safety!
A-A-and th-the coffee machine broke, our employees can't work more than 1 hour per day without coffee.
Al-also, two of our hamsters powering the servers died, so we can't sync more than 1 wallet at a time.
They are calculating that trust is gone so pseudo Exit Strategy:
(1) Freeze all Customer shitcoin transfers.
(2) Force Customers to dump shitcoins for $0.80 on the dollar... Cryptopia instantly arbs your shitcoin for $0.20 in BTC.
(3) With BTC mooning and alts tanking this is BIG WINDFALL for Cryptopia...
They could be making as much as $20-30,000/day by freezing Customer shitcoins indefinitely.
(4) In any civilized country with a Court System (like NZ) this is fraud and criminal...
But when you are totally fucked anyway... hey, you do what you have to do
then theres no doubt that this one is really valid.
Today I withdrew all my remaining BTC in Cryptopia (around BTC0.08). I wanted to withdraw some of my alts, but it was not possible since the hot wallets were not ready. I was waiting for more than a month now, so lost my patience and converted all my alts to BTC. Now I have just the CLM (Cryptopia Loss Marker) tokens remaining in that exchange.
Lucky for you but for me same as others my altcoin is still locked and cant be traded.