I have no clue what CLM actually represents in fiat (we’ll work with USD for the purpose of this email). I know it’s an acknowledgment of lost or stolen funds, but is it just representing any particular stolen fund. On the flip side, 5000 CLM could be 5000 doge, which cryptopia loss marker would be almost worthless. Cryptopia, a once well-known exchange, suffered a brutal hack in mid-January. Blockchain researchers claimed that the Christchurch-based company lost upwards of $16 million in Ethereum, ERC-20 tokens, and an array of unnamed digital assets.

  1. By and large, Cryptopia’s clients were pleased, posting cheery quips in response to the above tweet.
  2. Cryptopia, a once well-known exchange, suffered a brutal hack in mid-January.
  3. I don’t know what is actually a significant number of “CLM”, but in comparison to the others I have seen, my number is higher.
  4. Like in Cryptopia’s case, traders using the Hong Kong-headquartered platform took a “generalized” haircut, with this one being a platform-wide 36%.
  5. Blockchain researchers claimed that the Christchurch-based company lost upwards of $16 million in Ethereum, ERC-20 tokens, and an array of unnamed digital assets.
  6. I won’t dispute it either because they make a thinly veiled threat that I’ll have to reestablish who I am and go through all the BS I did to even get to this point.

They call this a “haircut,” and it’s rather reminiscent of the Bitfinex hack of yesteryear. I have seen a few others reference this so far, but I have a CLM balance. I don’t know what is actually a significant number of “CLM”, but in comparison to the others I have seen, my number is higher.

Crypto Haircut?

But, in the middle of February, local authorities gave the exchange an A-OK to resume trading. And since then, Cryptopia has begun to rebuild its platform, slowly putting the bricks down for a new, improved, and dramatically more secure iteration of its offering. It isn’t clear whether Cryptopia will follow in the https://cryptolisting.org/ footsteps of Bitfinex, but victims of the hack are surely riding on it. I won’t accept the coin balance until I have some idea of how this compares. I won’t dispute it either because they make a thinly veiled threat that I’ll have to reestablish who I am and go through all the BS I did to even get to this point.

‘Delete Immediately’: Trezor Warns Users of Elaborate Phishing Emails and Large Scale Attack

In 2016, Bitfinex, then one of the world’s largest cryptocurrency exchanges, lost $72 million worth of BItcoin in a surprising hack. Like in Cryptopia’s case, traders using the Hong Kong-headquartered platform took a “generalized” haircut, with this one being a platform-wide 36%. Bitfinex went on to establish a reimbursement token, BFX, before buying back the tokens at their $1 face value in the months that followed the August hack. Yet, Cryptopia’s situation is all too cut and dried, as some users reported a loss in their exchange holdings.

Is Cryptopia liquidation properly handled by Grant Thornton?

As the firm attempted to cool the hot water it was standing it, company representatives kept their mouth shut. What’s going to happen with that Cryptopia Market Loss shown in the balance? Everytime I read these updates, things become even more shady, My lost is not that big compare to others, but it’s significant to me, I lost 1 ltc, I would like to take back my coin a forget all about this exchange… By and large, Cryptopia’s clients were pleased, posting cheery quips in response to the above tweet. However, there are still many facets of the platform that are surrounded by yellow tape. According to a Cryptopia letter, emailed to its clientele last week, deposits are still shuttered due to the exchange’s newfangled wallet solution.