Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 131. (Read 1006931 times)

Someone tell me
Vern pointing who
The lawyer who filed the lawsuit against you likened what you did to "robbing a bank." How do you respond?

He doesn't think the hack occurred, which is surprising to me since the ex-wallet manager is working with them and he knows all the details of what happened

That news come out in public nice 5hour ago

Just alert got on  .

Vern running out of money or other  thing got so badly ,he want to shutdown that website  n start a new UI website + totally different form cryptsy . I got nothing  support msg  reply ( why they doing this lol )

Closing of Bitebi9 on 23rd.June coincided(no way by accident) with the putting rest of 3300 BTCs from selling allegedly stolen altcoins from Cryptsy to Bitcoin mixer - Bitmixer.io.Series of transactions were conducted on 21st,22 and 23rd.June and all of them to Bitmixer.io. Soon after series of huge dumps occured on Huobi and OKCoin.

Now there are no slightest doubt that Vernon is behind alleged hack.He sold all of his Bitcoins except 11825 BTCs taken on 29.July 2014.


Wallet with BTCs obtained from selling altcoins :

https://www.walletexplorer.com/wallet/1356a64174770337

Just alert got on  .

Vern running out of money or other  thing got so badly ,he want to shutdown that website  n start a new UI website + totally different form cryptsy . I got nothing  support msg  reply ( why they doing this lol )

April 1, 2013
The Class Action Racket
By Lawrence W. Schonbrun

Have you ever received a notice in the mail informing you that you might be a member of a class action lawsuit?  You probably have.  Did you even bother to read it?  Probably not.  Did you ever file a claim for compensation?  Probably not.  Did you ever file an objection to the settlement?  Certainly not.  Did you know that the lawyers bringing these suits get paid regardless of how many people file claims and regardless of how many class members actually get anything out of the settlement?

In what could be the poster child for the dysfunctional class action system, plaintiffs’ lawyers in the Ford Explorer SUV class action settlement were awarded $25 million in attorneys’ feesby claiming that the class members were receiving a benefit of $500 million.  However, what class members actually received was a $500 coupon towards the purchase of a new Ford vehicle.  Only 148 of those were ever redeemed for a total value of $74,000.  That’s right -- $25 million for the lawyers although the class members actually received $74,000.

But it gets worse.  Take the infamous Bank of Boston class action.  In that case, class members had their accounts credited between $2.19 and $8.76 as a result of the settlement, but also had their accounts debited with a “miscellaneous deduction” of up to $91 -- to cover the costs of the settlement, i.e., plaintiffs’ and defendants’ attorneys’ fees and litigation costs.  For this so-called “benefit” to class members, class counsel received $8.5 million in attorneys’ fees.

It's all about focus.  Class action lawyers don't want the public to focus on the negative aspects of class action settlements -- the $91 the lawsuit is costing you.  All class action settlements focus on the benefits, however meager, but never disclose the true costs to class members and consumers generally.

Why do the lawyers get so much when their clients get so little? In the words of Federal Judge William G.  Young, “simply put, the class action vehicle is broken.” Unfortunately, the vehicle works well for the people who run it -- lawyers -- and the people who could fix it -- judges and legislators.  The injured class members who are supposed to be the primary focus of these cases have become its primary victims.  The plaintiffs’ lawyers are happy because they are getting overpaid -- massively; the defendants’ lawyers and the experts (hired by both sides and an important part of the class action scheme) are happy because they’re getting well paid (if not overpaid); the defendants are happy because they are avoiding further costly legal proceedings with unknown outcomes.  And, last but not least, the judges are happy because they are getting a case cleared off their dockets.

Unfortunately, the criterion for good judging these days is how quickly cases are processed to conclusion, not how well reasoned the outcomes.  The judge gets the additional satisfaction of having made an important decision in a big case, thereby enhancing his or her self-importance and reputation.  Some class members may even be happy -- at least those few who actually read the notice and redeemed their coupons.  (Although is getting a $500 coupon towards the purchase of a $25,000 car really something to gloat about?)  Even some class members who didn’t redeem their coupons may be happy because they assume that a bad corporation has been punished for some actual or alleged misdeed.  But we as a society should not be happy because money (we’re talking hundreds of millions if not billions of dollars) that could be going to a better use becomes nothing more than slop for thousands of lawyers feeding at the class action trough.

What’s wrong with the class action system?  Why does it put lawyers’ interests first, the public's interest last, and class members’ interests next to last?