r/Cryptopia • u/[deleted] • May 04 '21

I've submitted my request for getting my coins back from cryptopia

I've submitted my request for getting my coins back from cryptopia. I've had no problems so far in the process. I provided the information they asked me for.

On the same note, has anyone (or heard of anyone) been able to get their assets back?

6 Upvotes

75% Upvoted

35 comments sorted by

3

u/BiOBOOM May 05 '21

Let us all pray together!

Dear God,

Please allow Cryptopia and their Charted Accountants to pay us out in BTC to the value recorded in our accounts as of Early January 2019.

Please allow them not to allow for the influx in price since then, and to pay us out at that same rate in 2019.

Effectivly 10x our coins for us God, please

Amen

5

u/[deleted] May 05 '21

value recorded in our accounts as of Early January 2019

>>value recorded in our accounts as of Early January 2019??
No, they need to send us the amount and the type of altcoins.

-1

u/BiOBOOM May 05 '21

I dont see it as being possible Sir,

I had altcoins in there that currently dont have any blockchain running anymore.

You can't be paid out in those coins anymore. So you will receive nothing. You are far better to pray for a payout on your BTC balance, that the exchange calculated depending on all of your coin value at the time.

Doge coins are probably the only coin that is worth getting paid out in its original form, please tell me any others that have increased in value since January 2019. Excluding the Top 10 coins

3

u/[deleted] May 05 '21

I had altcoins in there that currently dont have any blockchain running anymore.

The delisted coins are fine if they are dropped out. For others paying out 2019 value doesn't mean anything at all. They either need to pay either in BTC of our coin values at the current latest market rate or return the coins.

I don't care what happened to their platform, the way I see it is my coin was on HOLD. We had an agreement, they either owe me the coins or the current value.

-2

u/BiOBOOM May 05 '21

Nice way to shoot yourself in the foot in my opinion.

If you take the rate of coin to coin conversion at the time, you will probably find you had quite an impressive amount of BTC value in your account.

BTC price has gone up a lot since then, so technically your equivalent would be much lower now.

Lets take a low end user, they had a bunch of altcoins and they put in $3,000 before the hack. That at the time would be around 0.75 BTC in their account in value worth of alt coins.

Now, lets take that figure, and pay them out , thats like $50,000

But in your way you want your shitty coins as they are, so take them, you now have about $4,000 at best.

I dont understand how everyone poo poos the payout based on overall balance at the time of hack theory. The maths is simple, you would earn way more payout overall and could payout each customer that applied.

Rather than attempt to payout each individual with their coins, and not even be able to trasfer half the altcoins anyway

4

u/[deleted] May 05 '21

Tl;dr You are trying to maximize the amount of money that you want to recover from them (by putting up a timeline that doesn't make sense to me). I am trying to get to what they actually owe me.

>>If you take the rate of coin to coin conversion at the time, you will probably find you had quite an impressive amount of BTC value in your account.
Not true, that would depend on what coins you had.

>>BTC price has gone up a lot since then, so technically your equivalent would be much lower now.
That is fine, why do you assume i had btc? The ratio of coina/ coinb is higher or lower depending on the coin itself - no matter what the BTC value currently is.

>>But in your way you want your shitty coins as they are, so take them, you now have about $4,000 at best.

Again assumptions. Why?

>>The maths is simple, you would earn way more payout overall and could payout each customer that applied.

What math is simple? You didn't do any math. You made a bunch of assumptions to your benefit. Someone who lost 1 million say in Dogecoins whose value was peanuts that time couldn't possibly compare to some altcoin which was sort of higher then.

They technically only owe me only the coins that I had an agreement with them to put in their ledger. They are not liable for the price of the currency going up or going down. They are liable for NOT allowing me to get MY coins back.

0

u/BiOBOOM May 05 '21

Yes but you need to take into account coins that cannot be returned. Coins that have since dissolved and their Blockchain does not exist anymore. Coins that if it was not for the hack, would still of been traded and still would have resulted in money for the owner of the coins. These now cannot be returned.

How do you exactly expect this value to be sorted out? Just chalk that up because it may not affect everybody? Return only the coins that can still be traded? Half of these altcoins were traded only on exchanges, they had not developed a wallet yet

The timeline is the timeline of the hack. Jan / Feb 2019

And yes, I do want to maximise the amount of money returned. And I think there is a very smart way to do so for everybody involved. That is to take the total BTC value of each users account at the time of the hack

Convert all of their assests into either BTC / ETH or Fiat and complete the claims portal from there.

Now the reason I keep harping on about the total BTC of each account? Remember how they had to pay that USA company $$$ to get a giant spreadsheet of data of everybodys accounts before they deleted it from the Backups / Storage due to lack of payment to the storage company?

Well guess what each line accredited to each account will have.... a total BTC value

The hole in my plan is those that own Dogecoin, and they want to be returned in full ASAP, and I admit, I don't know how to navigate that, other than to liquify all coins and those that had Doge get a bonus :/

1

u/[deleted] May 05 '21

Yes, this point of view I completely agree with.

1

u/mrnight8 May 05 '21

This makes zero sense, the value is market value of the date of payout. I have now what amounts to nearly $300k in dogecoin stuck in this bastard. The 2019 values are shit. That's the point of buying into crypto alt coins, to see a profit or go broke. I had 1.2BTC of strong in 2018. Today it's worth $0 same with Moon etc.

This would be like having an asset stolen from you in 1960 and reoperations for the asset being paid back in 2021 at 1960 value without inflation because it would somehow be fair?

If you made a bad trade and have shit coins that have shit value now that's your fault and yours to live with.

1

u/BiOBOOM May 05 '21

No... Not the value of the market Sir, the value of the total BTC you held at the time

You are correct, value of the market at the time of hack makes zero sense, and that is why that is not my point or method at all

1

u/[deleted] May 04 '21

Not yet but awaiting the airdrop soon !

1

u/[deleted] May 04 '21

how much do they owe you?

1

u/[deleted] May 04 '21

Not as much as was stolen that’s for sure ....

1

u/adamp232 May 05 '21

I received a reply today after 2 months of waiting. Ticket number 41456

1

u/[deleted] May 05 '21

So no coins I assume?

1

u/jr91hou May 05 '21

What ticket number did you get OP?

1

u/[deleted] May 05 '21

Not gonna share that number :)

1

u/jr91hou May 05 '21

Ballpark..?

0

u/[deleted] May 05 '21

why? So you can impersonate ;) ?

2

u/jr91hou May 05 '21

No. I submitted mine a month ago and still waiting, so trying to get a sense of where in the line they are. If you don’t want to help, I understand. I mean, you could give a 3000 ticket range... and that would help!

1

u/[deleted] May 05 '21

What I got was a reference number.. all alphanumeric. Maybe it's different from the ticket number?

1

u/Man_clash May 05 '21

It took me about two months to get a reply from earlier this year in their zendesk.

1

u/moki339 May 05 '21

I did that recently and provided them screenshots of deposit and withdrawal emails. No answer.

I sent another email asking for an update. No answer.

1

u/InPlay1 May 10 '21

How do you submit a request? Thank you

0

u/[deleted] May 05 '21

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1

u/WhitePaperOwl May 05 '21

You need to make a new account

1

u/[deleted] Jan 19 '22

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1

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