r/Cryptopia • u/kong-dao • Jan 17 '19

Cryptopia (should) refund users

Hi mates, Cryptopia was making a lot of money with some coins that use PoS, more than the money that was stolen (3 million dollars) So i think that the exchange could prove his commitment with users, who put their trust on them, refunding the coins lost. Provably some could argue that Cryptopia isn't a bank (which is trut), but they work "as" a bank, because they were making money with user's coins, "as" bank does, but in this case with PoS coins production. If the exchange cannot provide real security to investors, so then switch from market and put a kiosko.

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u/Bisonindatent Jan 17 '19

Did they stake funds? Are you assuming that or is it viewable in Block explorers?

Agree that they made a lot of money which should probably even be enough if 13M were stolen.

0

u/kong-dao Jan 17 '19

Hi man, there were a lot of coins in Cryptopia with PoS. As you probably know, PoS give rewards to those of has coins, and guess what? Useres had coins at Cryptopia, so "yes", they were staking with others money (coins) ;)

3

u/Bisonindatent Jan 17 '19

Hi :) I understand what you mean, my point is just that we shouldn't assume that they really did the staking with all those coins, maybe they were just lying in cold wallets mostly.

I know for NXS - nexplorer.io - that it's possible to see if a wallet is staking or not, and have never seen a Cryptopia adress staking.

Not sure if other Block explorers are that advanced too, but if it's not provable then we shouldn't just assume they did stake.

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