Category Archives: Bitcoin Exchanges

Cryptopia Exchange hacked!

Cryptopia crypto exchange has been hacked.

Important Announcement
14th January 2019, the Cryptopia Exchange suffered a security breach which resulted in significant losses. Once identified, the exchange was put into maintenance while we assessed damages.

Cryptopia has notified and is cooperating with the appropriate government agenecies, including the NZ Police and High Tech Crimes Unit. Please see their media release below.

NZ Police Press Release

The New Zealand police websites states:

Investigation involving crypto-currency company
Tuesday, 15 January 2019 – 9:50pm
National News
Police were advised late yesterday of an issue involving potential un-authorised transaction activity at the Christchurch based crypto-currency trading company Cryptopia.

A significant value of crypto-currency may be involved and Police are taking this very seriously. We are currently talking to the company to gain a further understanding of what has occurred. A dedicated investigation team is being established in Christchurch including specialist police staff with expertise in this area. Police are also liaising with relevant partner agencies in New Zealand and overseas. The investigation is still in its very early stages and police are unable to provide further information tonight.

We expect to provide an update tomorrow.
ENDS
Issued by Police Media Centre.

Proof of keys! Not your private keys, not your Bitcoin! Remember this everyone! If you are storing your crypto, you really should be storing them on crypto cold storage wallets!

Follow the news from Cryptopia on their Twitter feed here.

HitBTC affiliate system scam

For years I have promoted the HitBTC crypto exchange from my sites or even to friends of mine that were interested in trading crypto. Also have always defended HitBTC when anyone spoke against it, since I always had a nice experience using HitBTC, UNTIL last year when I noticed all of my HitBTC affiliate earnings had vanished!

I have been back and forth with HitBTC support team for over a year and now I finally decide to create a blog post about this, to let the public know. (I saved all these support tickets and plan to post some screenshots soon)

HitBTC reps have been saying every time that “the new affiliate program is coming soon and your funds are safe”, I tried to be patient, but I am pretty confident now that it was all a lie.

I will continuously call them out as being a scam until my affiliate earnings balance is paid. (safe to assume they’ll be keeping all future earnings from the trading fees of my referred users).

Gemini “cracking down” on legit users?

After my recent round-the-world trip, I get home to see this in my email account:

Your Gemini Account – Action Needed

A review of your recent account activity showed regular deposits of fiat and a one way trading pattern where you deposit funds, convert it to digital currency, and then withdraw. This may be indicative of business activity. Could you please provide an explanation for this pattern and also the source of funds for the referenced activity?

Additionally, from the end of July 2018, you have only logged into your Gemini account from XXXXXX and the XXXXXX. Can you please verify your current residential address? Please upload a new proof of residence document showing that address. Please visit http://exchange.gemini.com/upload to upload your documentation.

WTF is this Gemini?!

Bittrex removing Bitcoin Gold, Private & Bitshares

On October 6th, 2018 Bittrex announced they’ll be delisting Bitshares, Bitcoin Gold, & Bitcoin Private.

As a valued Bittrex customer, we wanted to inform you that on November 5, 2018, we are retiring wallets that do not have markets, including Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP). Our records indicate that you have a balance for at least one of the wallets being retired.

To keep your BTS, BTG or BTCP assets, you must withdraw your balance before Monday, November 5, 2018. After this date, your assets will be unrecoverable.

Wallet removals are a routine part of our ongoing platform management for performance and operational efficiency. For additional information read the related support article at: https://support.bittrex.com/hc/en-us/articles/360001391586

… I just found this email today in my spambox, so I contacted Bittrex support to ask how I can withdraw my coins, they said: “there is nothing more the support team can do to recover these coins”.

exchanges, exchanges! Another reason why you should not store coins on exchanges!

Why won’t Bitfinex add Cardano (ADA)?

Bitfinex crypto exchange is so active in adding trading for coins that most of us in crypto space have never heard of. So far in November 2018 they’ve added: On.Live (ONL), Internet Node Token, Omni, DragonChain, Kleros, Digibyte, Wollo, and even supported the Bitcoin Cash to BitcoinABC/BitcoinSV fork, buy my question to Bitfinex is this: “how can you add any shitcoin known to man, yet you still have not added a top 10 cap crypto Cardano (ADA)?”.

An old Tweet by Cardano founder Charles Hoskinson says:

“We’d love to be on Bitfinex”

I am waiting on response to Bitfinex about this. Until then, what are your theories on this? Email me.

Gemini adding Litecoin trading & custody services

Gemini exchange adds Litecoin

Great news for all of us Litecoin holders, traders & supporters, Gemini the New York-based crypto exchange is finally adding Litecoin!

Fellow Moonwalkers,

We are thrilled to announce that Gemini will begin accepting Litecoin for trading and custody services. Beginning Saturday, October 13th at 9:30am EDT you will be able to deposit Litecoin into your Gemini account. Trading will begin on Tuesday, October 16th at 9:30am EDT.

You will be able to trade Litecoin against all other currencies offered on the Gemini Exchange: BTC, ETH, ZEC, USD. You will also be able to participate in daily auctions for Litecoin / USD.

We are supporting this new digital asset with the regulatory oversight of the New York State Department of Financial Services (NYSDFS) and are excited to provide customers with a safe, secure, and compliant method to buy, sell, and store new cryptocurrencies.

Read more about it on the Gemini Medium blog here.

Coinbase account terminated

On June 11th I received an email from Coinbase about account problem. I login to my Coinbase account to see this message:

NOTICE OF ACCOUNT CLOSURE
Unfortunately, we had to close your Coinbase account. Before your account can be closed, you will need to withdraw your digital currency to an external wallet and any other funds (such as USD) to a bank account associated with your Coinbase account. Please take precautions when transferring digital currency to an external wallet, as transfers outside of Coinbase are irreversible. Please also be sure to delete any external references to digital currency addresses generated by Coinbase, as funds sent to those addresses will not be accessible once the account is closed. If you have any questions you may visit https://support.coinbase.com.

I quickly submitted a support ticket

My message: “Hi, i see my account is being closed, i had no warning and i’m not exactly sure why this is happening, can you please explain?”

Coinbase reply: “Thanks for contacting Coinbase Support. I’m sorry to hear your concern regarding your account closure. Let me help you with this one.

Our primary goal is to make our platform safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.

We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the balance currently in your Coinbase account; while we can no longer process brokerage orders via our banking relationship, you may still send your balance offsite to an external address.

There are a variety of factors which have been weighed in your case, and we unfortunately are unable to elaborate on our internal decision process. Please know that we do not make these decisions lightly, and do regret losing you as a customer.

We wish you all the best in your future endeavors. Thank you for your understanding. Please reply to this email if you continue to have issues or need help with anything else. Take care and have a nice day ahead.

Best regards,
Ron”

I have since seen more people had accounts closed on this Reddit thread including GAB & Wikileaks.

Coinbase, what has happened to you, terminating legitimate 5 year old customers accounts, and more importantly not giving any reason!!! bad bad.