Cryptsy deposits of UTC and other coins are delayed.
All deposits are being done manually as a security precaution - until it is known exactly how MintPal was hacked.
My deposit of UTC 8 hrs ago recd at Cryptsy - but 0 Cryptsy confs while 1200 blockchain confs
It seems MintPal had weaker security than the average private user - too many coins in hot wallet, no trigger for additional verification of significant withdrawal amounts and no adequate password security, no SOP for staff to follow for managing limits in hot wallets (and required transfers to cold wallets) and significant SQL vulnerabilities.
Seriously - after all the issues that exchanges have had to date - there is no excuse good enough from MintPal on this one. At least they were honest in their timely delivery of details. MintPal says it will introduce stricter protocols from now on - but its really too late - they should have already been in place. I wont consider trading with them - and a lot of others agree.
And the golden rule remains - only leave your funds on an exchange for the minimum time - trade and get out.
What I am really impressed by is the VRC developers actions on the rollback which will lead to the return of funds - perfectly justified for them to step in and manipulate the blockchain. This is great hope for any future large hacks - and hopefully a deterrent. I suppose though the next concern though is the possibility of malicious rollbacks and creating new transactions to different wallets as the VRC devs have done.
There is just a small alarm bell related to the vulnerability of central control by a malicious dev or other group - for any coin.
I NEVER have any issues with Cryptsy - but a word of advice
NEVER send exchange to exchange - send exchange to your wallet - then send to next exchange (exchanges manually verify exchange/exchange transfers)
I have tested in/out of Cryptsy from my wallets many times over last 5 days - all working 100% and less than 2 mins for 6 confs
Note that MintPal lost 30% of all VRC (hacked) - they will roll back the blockchain apparently to try to recover. This was a MintPal security weakness. After all thats happened so far - not acceptable no matter how professionally they handle the cleanup.
Can you imagine the issues with wallet to wallet transactions this will cause?
this wont be helping price on this exchange at all
MintPal is likely history - Caput
Cryptsy is often known as Craptsy - but I have never had any serious issues, they have never lost any coins (to my knowledge) AND their support is actually fantastic!
Mintpal will not be considered a serious exchange by serious investors again.
Best advice is to get your MintPal UTC over to Cryptsy - If you want to sell.
I would not even go to MintPal to buy cheap there
do not worry everybody, i have 100 BTC and i will buy 10,000,000 UTC at 0.00001
Put your buy order before its to late...
[quote mintpal]
PRICE (BTC) UTC BTC
0.00001117 1123.00000000 0.01254391
0.00001086 1311.00000000 0.01423745
0.00001072 5000.00000000 0.05360000
0.00001071 1472.00000000 0.01576512
0.00001070 70.91036343 0.00075874
0.00001062 2000.00000000 0.02124000
0.00001001 500.00000000 0.00500500
0.00000989 7061.41889289 0.06983743
[/qoute]
and remember...
...
remember also Xwebnetwork his strong motto; “If you are going through hell, keep going". !
...
I tried sending coins to cryptsy today. They show in the deposits but confirmation counter stays at 0. Opened support ticket, waiting.
Exchanges have recovered from worse and Mintpal still has a lot of support, it's a great place for arbitrage. Cryptsy is fine, but their support often has issues dealing with problems like negative balance, they also tend to disable deposits/withdrawals/wallets without notifying people, they don't even bother mentioning it on their twitter feed. Not mention the lag, although that's less of a an issue lately. Have you tried sending UTC to Cryptsy in the past 12 hours or so? I'm curious if you had any success depositing UTC because my deposits have been stuck at 0 confirms for quite a while now as well.