Post
Topic
Board Service Announcements
Re: Cryptopia Cryptocurrency Platform Services and Development
by
pinoycash
on 21/05/2019, 10:26:11 UTC
OK so there's something that's confusing me a lot regarding cryptos and liquidation. Particularly with MTgox and what happened to their customers and apologies in advance if I've got the wrong idea regarding this.

MTGox repaid their customers in USD value at the time of the liquidation, they did not return the coins users had.

If cryptopia does this in a few months and say we still go at the parabolic rate the market is going in now, can they do the same thing and pay back what the USD value is now?

What happens, if they do pay the $$$ value, to the coins left over. Who gets them?

Same question with MTgox, who or what entity is now owners of the bitcoins not paid out?



They will probably pay $$$ value at the time of the hack,

The floating question right now what will be the value of those coins that only being traded on cryptopia? Having zero exchange their value is flat zero. The liquidators should just refund the users of those non-liquid coins.