Yes. They went insolvent and now looking for help.
Another Mt.Gox story. Exchanges should learn from this case so that no more traders/users got fucked up by their mistakes.
OK... so it is confirmed. Those users, who had their funds remaining in Cryptopia are now royally screwed. I can't believe how lucky I am. Just a few hours before they closed down, I had transferred my BTC from the Cryptopia wallet to one of my personal wallets. I still have some CLM tokens remaining there, but the amount is not that big.
Now I guess what happened with Mt Gox will repeat with Cryptopia as well. The Mt Gox users are yet to receive any reimbursements, despite the process going on for more than 5 years now. Anyway, all the best guys!!!
You are very lucky. I suspected something was not right because they locked up many of the altcoins for so long.