This just highlights the unprofessionalism of Cryptsy as service and BigVern as business owner.
Stop blaming the hackers / scammers / phishers, Cryptsy acted irresponsibly silly with YOUR money by installing a software component (wallet) without any review. Additionally, the failed to implement any firewalling and / or limits to transfers and between Coins.
A Class action lawsuit is the right thing now imho, this people shoud never operate an Exchange again.
Topic: cryptsy hacked - bigvern on cryptsy blog - page 3. (Read 4862 times)
Probably back in america but theoretically can be anywhere. Who would be a potential buyer? Sunlot holdings? Gemini maybe?
because the alts are now assets in bankruptcy proceedings/buyout/takeover
well presuming he has filed petitioned and/or been given a sequestration order by a court .....he may be holding onto the alts to try and attract a buyer ....which could work out......
where is big vern anyway which country?
because the alts are now assets in bankruptcy proceedings/buyout/takeover
if ltc and btc were taken...then should not the remainder of alts be still ok to take?
even if Vern sold alts for btc that was left, but even then the alts should still be on their exchange
accordingly, why should Vern shut up shop and not at least let people get thier alts out?
even if Vern sold alts for btc that was left, but even then the alts should still be on their exchange
accordingly, why should Vern shut up shop and not at least let people get thier alts out?
Only thing now is to :- do remember all the Cryptsy team , Cryptsy fanboyz and devs that were along/supporting in this show all the time together for future such events be caught quickly ! As its the same people making making GOX show repeat again and again ! Specially the fanboyz who where telling i totally trust Cryptsy and they never go poof ! Similar to Garza fanboys ! Without this fanboyz, truth would have came out pretty soon ! Blind dumb herd mentality followers !
That's such a good idea, I've already started.
There are multiple single-purpose accounts which registered around the same time as or after the Darkcoin launch, and to this day only post in Dash threads.
Let's hold them accountable for defending the Crypty scam, by memorializing their Baghdad Bob worthy 'there is no problem on Cryptsy' cheerleading.
I suspect there is more than meets the eye about the relationship between Dark/Dash-coin and its former main exchange.
Remember the cozy relationship between BigVern and Paycoin? Now put that together with the fact Dash was their main coin, by far, for about an entire year.
If anyone has more examples of DRK/Dash sockpuppets acting as white knights for Cryptsy, please LMK so I can add them to the dossier.
Let's hold them accountable for defending the Crypty scam, by memorializing their Baghdad Bob worthy 'there is no problem on Cryptsy' cheerleading.
I suspect there is more than meets the eye about the relationship between Dark/Dash-coin and its former main exchange.
Remember the cozy relationship between BigVern and Paycoin? Now put that together with the fact Dash was their main coin, by far, for about an entire year.
I have got to defend Cryptsy, from the beginning they have been a stable exchange to rely on while many others have fallen down hard(mintpal anyone?)
Cryptsy has been really good for me, Big Vern is known and US based, and no one has ever lost money there over a very long time.
I remember this same thing with people recommending to leave Cryptsy and go to Mintpal in this same thread. How did that turn out?
I remember this same thing with people recommending to leave Cryptsy and go to Mintpal in this same thread. How did that turn out?
There is also the distinct possibility that Cryptsy has done absolutely nothing wrong at all and these are all completely false allegations.
If anyone has more examples of DRK/Dash sockpuppets acting as white knights for Cryptsy, please LMK so I can add them to the dossier.
Only thing now is to :- do remember all the Cryptsy team , Cryptsy fanboyz and devs that were along/supporting in this show all the time together for future such events be caught quickly ! As its the same people making making GOX show repeat again and again ! Specially the fanboyz who where telling i totally trust Cryptsy and they never go poof ! Similar to Garza fanboys ! Without this fanboyz, truth would have came out pretty soon ! Blind dumb herd mentality followers !
what is the chance they can be bought out? Sunlot?
Another reason NEVER to keep your coins on any exchange. NEVER, NEVER, NEVER.
Cold storage is the only credible option.
These 10k BTC due are funds of their users. What now? U can kiss your funds good bye.
Cold storage is the only credible option.
These 10k BTC due are funds of their users. What now? U can kiss your funds good bye.
Vern should take a polygraph. Nerd Life Labs was saying in the chat that the thieves wallets were the cold wallets of cryptsy.
Only thing now is to :- do remember all the Cryptsy team , Cryptsy fanboyz and devs that were along/supporting in this show all the time together for future such events be caught quickly ! As its the same people making making GOX show repeat again and again ! Specially the fanboyz who where telling i totally trust Cryptsy and they never go poof ! Similar to Garza fanboys ! Without this fanboyz, truth would have came out pretty soon ! Blind dumb herd mentality followers !
If i had to bet on whats going on, this is my theory:
Cryptsy moved the coins into those separate wallets (probably still on their servers somewhere), then reports the "theft / hack" to see how far the FBI investigates or if FBI even gives a shit at all. Cryptsy has left themselves a way out of blame by virtue of "computative error" IF the FBI decides to investigate and can find how the coins actually moved. If cryptsy would have sold the coins and FBI investigated and discovered it was an inside job by Cryptsy - then Cryptsy knows they would be screwed this way. but by leaving the coins in those wallets (probably still on their servers) they are leaving themselves an out. Now cryptsy is simply waiting for the FBI's move - if FBI does nothing, then Cryptsy can move and sells the coins after the dust settles.
a real hacker would have used a mixing service and sold the coins by now.
Cryptsy moved the coins into those separate wallets (probably still on their servers somewhere), then reports the "theft / hack" to see how far the FBI investigates or if FBI even gives a shit at all. Cryptsy has left themselves a way out of blame by virtue of "computative error" IF the FBI decides to investigate and can find how the coins actually moved. If cryptsy would have sold the coins and FBI investigated and discovered it was an inside job by Cryptsy - then Cryptsy knows they would be screwed this way. but by leaving the coins in those wallets (probably still on their servers) they are leaving themselves an out. Now cryptsy is simply waiting for the FBI's move - if FBI does nothing, then Cryptsy can move and sells the coins after the dust settles.
a real hacker would have used a mixing service and sold the coins by now.
no, it isn't actually hacked, it is a form of lie using hacked scheme.
cryptsy is now in the china AFAIK, and he is attempting to launder his funds out.
cryptsy is now in the china AFAIK, and he is attempting to launder his funds out.
Seriously what were the developers doing for an year? I think cryptsy is just giving an excuse for the scam they pulled off and honestly this post doesn't hold quite significance for me.Not like Lucky7coin was the only developer involved,other coders might have had access to the code blocks and they could have figured it out sooner.
from: blog.cryptsy.com
"Here are the transaction details from the Bitcoin wallet:
https://www.walletexplorer.com/wallet/0c07e0bec1002bd2
As you can see, 2014-07-29 13:17:36 is when the event occurred. "
So Cryptsy knew about the "theft / hack" for more than a year and did nothing about it? Not even reporting it to authorities? seems a bit fishy to me.
If a thief/hacker had stolen that many coins, they would have mixed them and sold them (or at least some of them) before news of the hack got out to maximize their profits - not just leaving them in the mentioned wallets waiting to be traced.
"Here are the transaction details from the Bitcoin wallet:
https://www.walletexplorer.com/wallet/0c07e0bec1002bd2
As you can see, 2014-07-29 13:17:36 is when the event occurred. "
So Cryptsy knew about the "theft / hack" for more than a year and did nothing about it? Not even reporting it to authorities? seems a bit fishy to me.
If a thief/hacker had stolen that many coins, they would have mixed them and sold them (or at least some of them) before news of the hack got out to maximize their profits - not just leaving them in the mentioned wallets waiting to be traced.
is there any way to contact bigvern / where is the official discussion thread?
he asked for ideas.
I mean if the liability of 3000BTC (like he wrote) was cur away in 1,5 years, the rest of 10000BTc could be too.
My 4th option is, to run the site to gain profits. this would take nearly 3-4years by the actual BTC price,
IF BTC rises the time could be shorten to 0,5-1 year (1000 or more usd per BTC)
I am not interested in another bankcruptsy like mt.gox becuase this will fire up a big party in the mainstream media against Cryptocurrencies which will damage the reputation for several years from now on! (mainstrem lives from bad news)
he asked for ideas.
I mean if the liability of 3000BTC (like he wrote) was cur away in 1,5 years, the rest of 10000BTc could be too.
My 4th option is, to run the site to gain profits. this would take nearly 3-4years by the actual BTC price,
IF BTC rises the time could be shorten to 0,5-1 year (1000 or more usd per BTC)
I am not interested in another bankcruptsy like mt.gox becuase this will fire up a big party in the mainstream media against Cryptocurrencies which will damage the reputation for several years from now on! (mainstrem lives from bad news)
I am not surprised one bit. I never trusted Cryptsy ever and had a legitimate feeling something bad was going to happen. I feel bad for people who stored large amount of coins on exchanges and these "said" exchanges just "disappearing" with all these coins. Per se, this is a negative mark on bitcoin regarding this incident if it could be called that.
wonder how low this will drive btc price down. sub 400 for sure. sub 300?
I'm going with $350 by the end of the weekend.
i feel sorry for anyone who got screwed over by both gox and cryptsy. these ppl will never trust crypto again
..hmm...it looks...dodge
I mean would you not run coin on VM sandboxed from everything else?
so that a trojan simply can not claw its way back up?
I mean would you not run coin on VM sandboxed from everything else?
so that a trojan simply can not claw its way back up?Jump to: