More and more incriminating evidences are revealing - on 3rd.March through 3 transactions P.Vernon sent 1.1 BTC from Cryptsy wallet to Bittrex address -
1G1QMXNCsyVAMiuXxHkzs3FrX3QGiXfUg9What is interesting is that this address was first time seen 2 weeks(on 15th.Aug.2014) after alleged Cryptsy theft
All incoming txs to the address
1G1QMXNCsyVAMiuXxHkzs3FrX3QGiXfUg9 are from Mintpal,Bittrex,BTER and Cryptsy
Few days after Cryptsy theft,from new DASH wallet on Cryptsy numerous big DASH transactions started to go on Mintpal and first few incoming BTC transactions to this address are also from Mintpal.But it seems that he did not sell DASH on time,because few days after it Mintpal owner took all BTC and other valuable coins and run away.After that Bittrex is coming in play and as we know today all stolen altcoins,except LTC were sold on Bittrex and BTER.
This address was very active until 6th.November.2014 - the date when all stolen XC and BTCD were finally sold on Bittrex and others on BTER.From then until now it was pretty dormant.
1G1QMXNCsyVAMiuXxHkzs3FrX3QGiXfUg9 also received BTCs directly from Cryptsy old hot wallet,something that ordinary Cryptsy members could not do,because direct BTC transactions from old hot wallet to the outer(non-Cryptsy) addresses had to be approved by P.Vernon himself.
In total 548.9 BTC came to this address
1G1QMXNCsyVAMiuXxHkzs3FrX3QGiXfUg9 and it was used to launder BTC,because every exchange does not held BTC on your deposit address,but they use it to distribute BTC withdrawals to other users.
One thing should be noted too - P.Vernon opened Bitebi9 on 28.July.2015(exactly 1 year after theft) and only after all LTCs(last remaining from stolen altcoins) were sold in July big LTC pump.Obviously he needed time and peace to sell such a lot of altcoins.So he conviently hide the truth what is going on Cryptsy,because stolen altcoins can be easily tracked and their sell prevented if the truth was revealed on time.When he did it all and secure his position in China,he shutdown Cryptsy auto-pilot and Cryptsy started to fall very fast.
