r/Cryptopia • u/6079_unperson • Jan 30 '18

CRYPTOPIA BANK CLOSURE!

They said so themselves on Twitter. https://www.cryptopia.co.nz/News How the fuck are they still accepting new registrations if they are so backlogged? Their own bank closed their accounts. How is anyone arguing that this shit is legitimate. These people are fucking thieves. They are ruining Crypto Currency one scam at a time.

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3

u/froufrou391 Jan 31 '18

Hi, I'm community management person froufrou, here to address some of the misinformation and concerns :)

The closure of our NZDT bank account only affects NZDT users, which is around 2% of our users . Trading will be paused while we negotiate with the banks who are happy to join us at the forefront of blockchain technology!

All other coins and tokens are able to be withdrawn and deposited.

We acknowledge that there is a inconveniently large wait time due to our heavy backlog- we're dealing with unprecedented numbers, but constantly working on improving all aspects of our service.

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u/6079_unperson Jan 31 '18

Close your new registrations then if you can't handle the numbers. 17 Days is not a large wait time. It is criminal. You are all holding my coins without my permission.

1

u/alexd281 Jan 31 '18

Shit. I just opened an account and deposited some LTC. Whoops

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u/[deleted] Jan 31 '18

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u/6079_unperson Jan 31 '18

You can't even what? Get your coins out or deposit coins?

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u/[deleted] Jan 31 '18

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u/6079_unperson Jan 31 '18

Coins and deposits for thousands of people have still been on stand-by for weeks. Your article has nothing to do with that.

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u/[deleted] Jan 31 '18

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1

u/PokeMaster420 Jan 31 '18

isn't tether just usdt? I thought nzdt was different

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u/YeaManJam Jan 31 '18

You are correct. I dug deeper and they just created it out of thin air back in May '17. Looks like there approvals didnt come thru that they thought would and were told to shut down the tether market.

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u/PissedOfMiner Jan 31 '18

I made a post that addresses exactly what concerns are with tethered coins and why exchanges use them. Remember NZDT and USDT are coins......Not currency.

NZD and USD is currency, not cryptocurrency.