New reports have come in detailing a class action lawsuit that has been filed against Cryptsy. The cryptocurrency exchange has been under scrutiny for many weeks now, with multitudes of users complaining of withdrawal issues when trying to get their Bitcoin back. On November 22, the website allegedly suffered a severe denial of service (DDoS). Since the reported attack, Cryptsy’s reputation has been riddled with rumours of insolvency. Many people are criticizing the exchange for not explaining why they cannot withdraw BTC, LTC and other valued altcoins.
Class-Action Lawsuit Launched Against Cryptsy
“Plaintiff and the potential Class Members have also been damaged in other and further ways subject to proof at trial. Therefore, CRYPTSY engaged in unfair and deceptive trade practices in violation of section 501.201 et seq., Fla. Stat.”
– Class Action Lawsuit
Cryptsy Scam
Big Vern
There has been no official response made by the Cryptsy team to follow up with this criticism, minus some tweets from Paul “Big Vern” Vernon, the CEO of Cryptsy, with vague information. The last tweet made by Big Vern “All wallets will be offline on Friday 12/18 for one hour due to equipment changes.” And previously before this: “Thank you, everyone, for the patience while we get these issues resolved. The team is working hard, and we will try to do more frequent updates.” Now a phishing attempt has been announced by Big Vern on January 12th. He says, “A new phishing attempt is out. It is not from cryptsy. Do not acknowledge it” with no response to any of the new allegations.
https://news.bitcoin.com/class-action-lawsuit-officially-launched-cryptsy/
Topic: [2016-01-14]NB-Class Action Lawsuit Officially Launched Against Cryptsy (Read 263 times)
January 14, 2016, 10:49:20 AM
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