There have been alarming news over the last few weeks about Cryptopia and deposits that are not credited and withdrawals that are not processed. Lots of complaints in their Facebook groups as well in the Exchange board on Bitcointalk (links below). Some people wait already for weeks to get their balances deposited, which are confirmed on the blockchain, or withdrawals out of Cryptopia. Support tickets are completely ignored, but Cryptopia confirmed at least the issues on Facebook.
I'm also waiting for several days for two withdrawals which are listed as "Processing" but nothing happens.
Thus I have checked the corresponding balances on the addresses in Cryptopias hot wallet and they are all ZERO. What does that mean? Firstly they have no balance to process the withdrawals. Secondly the coins must have gone somewhere. This can mean two things, either they have been hacked as it happened to many exchanges before and try to keep it secret and under the rug. What it also could mean is they try to pull an exit scam. Which also several exchanges have done before.
To date we do not know what is going on, we do not know where our money is and Cryptopia does not reply to any tickets and also does not communicate anything about the ongoing issues with their customers.
So for the time being, do yourself a favor and stay far away from that exchange. They are located in New Zealand, so legal options may also be limited. Damage is done, trust is gone and we can only hope to get some of our funds back. Be careful, if still possible!
https://www.facebook.com/cryptopiaexchange
https://bitcointalk.org/index.php?topic=2673828
