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Topic: Cryptsy Legal Posibilities (Read 3508 times)

sr. member
Activity: 308
Merit: 250
January 21, 2016, 08:23:39 AM
#26
Site will go offline soon, the owner will move somewhere maybe Cambodia or Netherlands and says thank you to all.
Who knows he may have been in the remote areas this time probably in the solomon islands watching the pacific and are amaze how blue it is
I really hope Big Vern and all his scamming staff all get to go somewhere nice, and I also hope they get at least 20 minutes a day to step outside and breathe fresh air. Hopefully none of the prison guards will be crypsty scam victims or else this wont be half as much as they dont imagine.

Like these things tend to play out they will probably get away with it.
Look at big time scammers as Chris (LTCGear) & Josh Garza (GAWminers). They are still walking freely.
sr. member
Activity: 325
Merit: 250
January 18, 2016, 04:32:24 AM
#25
There is absolutely no way they continue operating after what just got revealed; a lawsuit will most likely be filed. Honestly this is pretty extreme case of fraud and I think jailtime for the CEO of Cryptsy and other affiliates is pretty viable. I doubt you'll get any of your coins back, it's impossible. They're simply not there, they never truly were. It was a huge Ponzi scheme. It sucks but you have to just deal with it. This isn't the same as FIAT currency, you can't just get it refunded.
Totally agree, I hope they get rained on soon
hero member
Activity: 672
Merit: 500
January 17, 2016, 08:31:50 AM
#24
There is absolutely no way they continue operating after what just got revealed; a lawsuit will most likely be filed. Honestly this is pretty extreme case of fraud and I think jailtime for the CEO of Cryptsy and other affiliates is pretty viable. I doubt you'll get any of your coins back, it's impossible. They're simply not there, they never truly were. It was a huge Ponzi scheme. It sucks but you have to just deal with it. This isn't the same as FIAT currency, you can't just get it refunded.
newbie
Activity: 11
Merit: 0
January 17, 2016, 05:56:47 AM
#23
the same will happen, with cryptsy like it happened with bitstamp, no coins back, they are gone, nada, zero, they are in the hands of thief



can you name me a single complex technology the flew perfect on the first try?
There is a REASON bitcoind is v0.1 at this time.
Running an exchange still has some work to do as well.
When the technology reaches v1.0, you can rest assured. But by then you will have missed the boat and just along for the ride.

but this has more to do with the negligency of the owner, and not the technology, so i'm afraid nothing will change in the future if the people are dump and don't care about the money of the other

i'm sure that if there were their money there they would have been more diligent and cautious


exactly -- this is human (mis-)bevahiour, don't blame it on "Bitcoin technology"... Also, the case is different from Bitstamp and others where "coins have gone" or are "in the hands of thieves" because at Cryptsy, user coins are in segregated accounts and showing until the site goes (went) offline as "user balance" or "account value" belonging to account holders.

These will have to be distributed 1:1 as individual user property in case of a bankruptcy, this is why a group lawsuit, bankruptcy proceedings, class action etc are needed  -- the quota fractions can only be distributed for the remaining lump sum (if any) belonging to Cryptsy's own assets to settle other creditors' claims (the landlord on whom Cryptsy moved out so suddenly and apparently without notice comes to mind here, etc).

It all depends on what kind of lawsuit there will be and if people are smart enough to drop that stupid Go-to-Jail thing long enough for the culprits to be available and forced to co-operate on the return of recoverable user assets.
newbie
Activity: 11
Merit: 0
January 17, 2016, 05:48:45 AM
#22
I am happy I sold all mine coins with some lose after I had to buy some altcoins with high prices. They scammed a lot of people and never told people about the problems when they deposit on their exchange. When people complain on the chat they just ban you. They way they treat people is ridiculous really hope they once get in jail for stealing people there money.

oh, pleaeaease -- the jail-thing is not the top concern, though. More importantly, they should stay out of jail as long as necessary to make good on what they owe their users!

I don't know why people still resort to Lycnh-first-think-later behaviour -- like we were still in the 16th century. There are much better ways and legal solutions to that these days -- suing them and claim punitive damages, starting a class action, etc come to mind.

I actually hope that these -- more realistic -- scenarios come to fruition here and will be pursued instead. BTW equally painful to Paul Vernon and/or any accomplices.
legendary
Activity: 3248
Merit: 1070
January 17, 2016, 04:03:30 AM
#21
the same will happen, with cryptsy like it happened with bitstamp, no coins back, they are gone, nada, zero, they are in the hands of thief



can you name me a single complex technology the flew perfect on the first try?
There is a REASON bitcoind is v0.1 at this time.
Running an exchange still has some work to do as well.
When the technology reaches v1.0, you can rest assured. But by then you will have missed the boat and just along for the ride.

but this has more to do with the negligency of the owner, and not the technology, so i'm afraid nothing will change in the future if the people are dumb and don't care about the money of the other

i'm sure that if there were their money there they would have been more diligent and cautious
sr. member
Activity: 264
Merit: 250
derp
January 16, 2016, 11:08:19 AM
#20
the same will happen, with cryptsy like it happened with bitstamp, no coins back, they are gone, nada, zero, they are in the hands of thief



can you name me a single complex technology the flew perfect on the first try?
There is a REASON bitcoind is v0.1 at this time.
Running an exchange still has some work to do as well.
When the technology reaches v1.0, you can rest assured. But by then you will have missed the boat and just along for the ride.
legendary
Activity: 3248
Merit: 1070
January 15, 2016, 04:03:35 AM
#19
the same will happen, with cryptsy like it happened with bitstamp, no coins back, they are gone, nada, zero, they are in the hands of thief

newbie
Activity: 12
Merit: 0
January 15, 2016, 12:58:11 AM
#18
Maybe he doesnt have staff just many admin profiles
sr. member
Activity: 325
Merit: 250
January 15, 2016, 12:09:23 AM
#17
Site will go offline soon, the owner will move somewhere maybe Cambodia or Netherlands and says thank you to all.
Who knows he may have been in the remote areas this time probably in the solomon islands watching the pacific and are amaze how blue it is
I really hope Big Vern and all his scamming staff all get to go somewhere nice, and I also hope they get at least 20 minutes a day to step outside and breathe fresh air. Hopefully none of the prison guards will be crypsty scam victims or else this wont be half as much as they dont imagine.
legendary
Activity: 2282
Merit: 1041
January 15, 2016, 12:03:58 AM
#16
Site will go offline soon, the owner will move somewhere maybe Cambodia or Netherlands and says thank you to all.
Who knows he may have been in the remote areas this time probably in the solomon islands watching the pacific and are amaze how blue it is
newbie
Activity: 12
Merit: 0
January 14, 2016, 11:52:17 PM
#15
I got chat banned on cryptsy, doesnt seem like I will be able to troll in the chatroom anytime soon. Cool down period they call it....
same here what a scam site
sr. member
Activity: 329
Merit: 250
Bitcoin may be the TCP/IP of money.
January 14, 2016, 11:46:16 PM
#14
they now have there now blog post
http://blog.cryptsy.com/
and also a class action

when they ran into insolvency they still run the site without any notice to their customers
and they try to run the Ponzi scheme

I really don't think they can just get away with all these unethical business conduct even they file for Chapter 11

their current liabilities is about 10,000 BTC, given the current BTC value how many % of these liabilities can be recovered from their asset (if any) Cry Cry

their chat window seems off line now
sr. member
Activity: 325
Merit: 250
January 14, 2016, 03:43:26 PM
#13
I got chat banned on cryptsy, doesnt seem like I will be able to troll in the chatroom anytime soon. Cool down period they call it....
full member
Activity: 290
Merit: 100
January 14, 2016, 03:08:18 PM
#12
well Im out 5 btc tried to login before christmass to find my password had been changed and my account locked have done about 7 support tickets with no response even PM horus with no response
sr. member
Activity: 325
Merit: 250
January 14, 2016, 02:00:58 PM
#11
In my years as a member, I have seen this happen over and over with different exchanges going AWOL. The result is basically always the same. The crypto-currency is lost forever and there is no legal recourse.
know your right hope your wrong
legendary
Activity: 1736
Merit: 1006
January 14, 2016, 01:07:04 PM
#10
In my years as a member, I have seen this happen over and over with different exchanges going AWOL. The result is basically always the same. The crypto-currency is lost forever and there is no legal recourse.
hero member
Activity: 952
Merit: 1000
www.pumpmycoin.com
January 14, 2016, 12:58:24 PM
#9
can I still use the exchange, does it work now, or the process had already gone too far?
legendary
Activity: 2097
Merit: 1070
January 14, 2016, 08:36:35 AM
#8
All of you should have voted for #1 and this is why everyone keeps depositing money on exchanges that just run away with it.  They're on their way out, and in another thread I predicted that they'll be offline within a month.  By March at the latest. 

Back online like nothing happened?  Who in their right mind is going to keep depositing coins???  Only suckers would do such a thing and I don't think Cryptsy could sustain themselves on suckers alone.
So if this happens who can we go to, in order to make a claim for our missing coins?

You're out of luck and there's nowhere to go.
sr. member
Activity: 325
Merit: 250
January 13, 2016, 10:03:36 PM
#7
All of you should have voted for #1 and this is why everyone keeps depositing money on exchanges that just run away with it.  They're on their way out, and in another thread I predicted that they'll be offline within a month.  By March at the latest. 

Back online like nothing happened?  Who in their right mind is going to keep depositing coins???  Only suckers would do such a thing and I don't think Cryptsy could sustain themselves on suckers alone.
So if this happens who can we go to, in order to make a claim for our missing coins?
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