This story is really out there. But does anyone really care as long as they manage to finally get their coins out of Cryptsy? It's not just the BTC anad LTC wallets that are locked. Doge and a whole bunch of others are locked too. There's a lot of coins tied up in there.
You should care because this story being out there shows that you aren't getting your coins back.
Either Cryptsy is putting on a show to make it seem like they are getting the coins back for some reason that won't result in you getting your coins back.
or
They are stupid enough to believe this guy who has offered no proof that he can get the coins back, and are waiting on this jabroni to get the coins back when they could be doing other things that have a chance of working to get the coins back (assuming of course someone actually stole them).
Your coins are gone because you gave them to the wrong person.
You are in this situation because you didn't do anything about the "out there" stories and bullshit reasons they gave for their "technical problems" preventing withdrawals when you could have taken a loss by moving to coins that you could withdraw.
I'm not sure what (if anything) you should be doing instead of listening to this "out there" story, but sitting back and hoping it works out will work out just as well as it did when you did this to the withdrawal problems, and all the other scams that have come before.