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
What's your take about USDT?
#3 is a real deal, they are the one buying this coins/tokens below market price to get some profit for themselves. Allowing BTC withdrawal is just a smoke screen to hide their real intention and to buy sometime to prevent people from filling cases against them.