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Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 262. (Read 1006940 times)

vip
Activity: 1428
Merit: 1145
what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

You definitely get cred for using venerable in a post!


Do I have cred for accidentally discovering that Cryptsy's office was abuzz prior, during and after the event via the some random info I gleaned from the Internet, taking a screenshot to boot to make sure you guys know that it's probably just some random stuff?

To be honest... I have skipped passed that stuff... I know it means something -- I just can't wrap my head around it.
I have a small head.


Maybe this analogy will help you.

Pretend you work in an office where your job is to trade real ugly women 24/7 that stand in front of your desk. To the right (or left) stands a beautiful blonde that'll do anything for anybody and is worth millions. Your job is to make sure she doesn't go missing while you're doin' your other job of trading off the ugly women that keep approaching your desk for other ugly women, all the while staring at that blonde worth millions.

Question: How long would it take you to notice that she's missing given that there's a bell tied around her neck of her naked body that rung every time she moved? BTW, she's locked in a glass room so that nobody can touch her, yet she disappears anyway.

Oh, and I forgot to mention her five identical sisters not worth as much but still valuable, also in locked glass cages always within eyesight of you that may disappear first five hours prior to the million dollar baby going missing. Would you notice?

And, her valuable international beautiful naked cousins also in your office locked in glass cages that you're responsible for to make sure they don't turn up missing. Would you notice if they disappeared too?

yo gleb
yu ever thought about bottling up all yer posts and turning it into a book and  do that self publish thing and sell it it on amazon?
hell,  id buy one  for a couple of  tittiecoin....you wll accept tittiecoin wont you? no?  how bout takcoin?
i always had this thing about takcoin......oh wait a  minute ...i might  be ot....fuck it   nm   Grin




Interesting! My first book was a major hit.
vip
Activity: 1428
Merit: 1145
Nobody would buy Craptsy... who would buy a failed ponzi-scheme exchange with a bad reputation?

If someone wanted to start their own exchange, it would be easier, cheaper, and safer to start from scratch than to buy Craptsy's broken system with pissed off customers for $10M...

I would say some people are still in the throes of Stage 3:



Cryptsy et al. will always be in the throes of Stage 1 even after the confection.
vip
Activity: 1428
Merit: 1145
there is value in this house itself : CRYPTSY

if it was penny stock exchange - value of such house would be in billions

if it would go under bankruptcy - lawyers would sell to highest bidders

you say : small coins have no value : how much bigger intrinsic value having diamonds, posts stamps and so on

by allowing lawyers to sell Cryptsy to someone for pennies ( possibly to competitor who would close Cryptsy )

by this action ( or inaction ) - allowing to sell Cryptsy for ZERO - we would confirm ( as you  say) that all altcoins have ZERO value




actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all

What part of Craptsy is bankrupt do people not understand?

There is no money... coins of value were stolen 19 months ago... Craptsy has maybe $100k worth of crapcoins to dole out, so be patient...

Dead coins are worthless because they are scams which were abandoned after the pump-n-dump... don't invest in them, so some research before throwing your money away...

you are right when say that bankrutcy is a bad option,but it is inevitable if some big investor does not buy it.

If Cryptsy wants to stay in business,they needs a lot of income,big volume,quick and effective support response,deposit/withdrawal works smooth,fast trade engine - everything Cryptsy lacked before hack

So every investor have to put a lot of money at start and give members reasonable plan how to pay debt - that is not likely at all

you are also right when you say that Cryptsy fall will mean certain death for a lot of small coins - but uncontrolablle putting coins on exchange is one of reasons for Cryptsy security was on such low level - they had only one man Mullick to maintain few hundred wallets which was completely insane.They hired ordinary people to give endless excuses for a technical problems they had,instead to hire qualified tech support to maintain such beast.

Also there is a quite big security risk that Cryptsy can be bought by some notoriuos scammers,which could exploit sensitive private info of their members given through AML or make Mintpal 2



I'm seeing a lot of transactions stemming form MintPal's known addresses going to and from Cryptsy leading up to the event... and continued thereafter.

Question: Can a person who embezzles his company file bankruptcy of said company after the fact?
newbie
Activity: 16
Merit: 0
Nobody would buy Craptsy... who would buy a failed ponzi-scheme exchange with a bad reputation?

If someone wanted to start their own exchange, it would be easier, cheaper, and safer to start from scratch than to buy Craptsy's broken system with pissed off customers for $10M...

these two assumptions - fully agree

1.nobody will buy Cryptsy

2.for an external investor cheaper to finance new exchange ( maybe )

so

Cryptsy could be resurrected only by common effort of 300.000 users ( losers ) as a kind of joint stock company




edit: there is remote similarity with bankrupcy of Greece - avoided only by all losers ( banks in this case ) borrowing more to bankrupt organization

legendary
Activity: 3388
Merit: 3514
born once atheist
what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

You definitely get cred for using venerable in a post!


Do I have cred for accidentally discovering that Cryptsy's office was abuzz prior, during and after the event via the some random info I gleaned from the Internet, taking a screenshot to boot to make sure you guys know that it's probably just some random stuff?

To be honest... I have skipped passed that stuff... I know it means something -- I just can't wrap my head around it.
I have a small head.


Maybe this analogy will help you.

Pretend you work in an office where your job is to trade real ugly women 24/7 that stand in front of your desk. To the right (or left) stands a beautiful blonde that'll do anything for anybody and is worth millions. Your job is to make sure she doesn't go missing while you're doin' your other job of trading off the ugly women that keep approaching your desk for other ugly women, all the while staring at that blonde worth millions.

Question: How long would it take you to notice that she's missing given that there's a bell tied around her neck of her naked body that rung every time she moved? BTW, she's locked in a glass room so that nobody can touch her, yet she disappears anyway.

Oh, and I forgot to mention her five identical sisters not worth as much but still valuable, also in locked glass cages always within eyesight of you that may disappear first five hours prior to the million dollar baby going missing. Would you notice?

And, her valuable international beautiful naked cousins also in your office locked in glass cages that you're responsible for to make sure they don't turn up missing. Would you notice if they disappeared too?

yo gleb
yu ever thought about bottling up all yer posts and turning it into a book and  do that self publish thing and sell it it on amazon?
hell,  id buy one  for a couple of  tittiecoin....you wll accept tittiecoin wont you? no?  how bout takcoin?
i always had this thing about takcoin......oh wait a  minute ...i might  be ot....fuck it   nm   Grin
hero member
Activity: 616
Merit: 500
something something Bitcoin
Nobody would buy Craptsy... who would buy a failed ponzi-scheme exchange with a bad reputation?

If someone wanted to start their own exchange, it would be easier, cheaper, and safer to start from scratch than to buy Craptsy's broken system with pissed off customers for $10M...

I would say some people are still in the throes of Stage 3:

sr. member
Activity: 406
Merit: 250
Nobody would buy Craptsy... who would buy a failed ponzi-scheme exchange with a bad reputation?

If someone wanted to start their own exchange, it would be easier, cheaper, and safer to start from scratch than to buy Craptsy's broken system with pissed off customers for $10M...
sr. member
Activity: 916
Merit: 312
there is value in this house itself : CRYPTSY

if it was penny stock exchange - value of such house would be in billions

if it would go under bankruptcy - lawyers would sell to highest bidders

you say : small coins have no value : how much bigger intrinsic value having diamonds, posts stamps and so on

by allowing lawyers to sell Cryptsy to someone for pennies ( possibly to competitor who would close Cryptsy )

by this action ( or inaction ) - allowing to sell Cryptsy for ZERO - we would confirm ( as you  say) that all altcoins have ZERO value




actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all

What part of Craptsy is bankrupt do people not understand?

There is no money... coins of value were stolen 19 months ago... Craptsy has maybe $100k worth of crapcoins to dole out, so be patient...

Dead coins are worthless because they are scams which were abandoned after the pump-n-dump... don't invest in them, so some research before throwing your money away...

you are right when say that bankrutcy is a bad option,but it is inevitable if some big investor does not buy it.

If Cryptsy wants to stay in business,they needs a lot of income,big volume,quick and effective support response,deposit/withdrawal works smooth,fast trade engine - everything Cryptsy lacked before hack

So every investor have to put a lot of money at start and give members reasonable plan how to pay debt - that is not likely at all

you are also right when you say that Cryptsy fall will mean certain death for a lot of small coins - but uncontrolablle putting coins on exchange is one of reasons for Cryptsy security was on such low level - they had only one man Mullick to maintain few hundred wallets which was completely insane.They hired ordinary people to give endless excuses for a technical problems they had,instead to hire qualified tech support to maintain such beast.

Also there is a quite big security risk that Cryptsy can be bought by some notoriuos scammers,which could exploit sensitive private info of their members given through AML or make Mintpal 2

vip
Activity: 1428
Merit: 1145
I just withdrew 1.1M Sprouts -- now if I can only find some place to sell them ...


Hey, hang on to them till this rumored guy down south who used to be in the Army at Fort Hood gets his altcoin crypto exchange up and running. Expect his forum to go live first with its mods later becoming devs and support for this new exchange, with a recent grad from law enforcement school leading the security team. Oh, and later support (trained by former support) will consist of folks versed in the porn and penny auction spaces. Exciting times ahead!  Shocked Shocked Shocked
legendary
Activity: 987
Merit: 1003
there is value in this house itself : CRYPTSY

if it was penny stock exchange - value of such house would be in billions

if it would go under bankruptcy - lawyers would sell to highest bidders

you say : small coins have no value : how much bigger intrinsic value having diamonds, posts stamps and so on

by allowing lawyers to sell Cryptsy to someone for pennies ( possibly to competitor who would close Cryptsy )

by this action ( or inaction ) - allowing to sell Cryptsy for ZERO - we would confirm ( as you  say) that all altcoins have ZERO value




actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all

What part of Craptsy is bankrupt do people not understand?

There is no money... coins of value were stolen 19 months ago... Craptsy has maybe $100k worth of crapcoins to dole out, so be patient...

Dead coins are worthless because they are scams which were abandoned after the pump-n-dump... don't invest in them, so some research before throwing your money away...

Lawyers will not be able to sell Cryptsy to anyone for less than what is owed to the depositors. They can liquidate assets yes, not sell it. Why would anyone buy an exchange that owes so much money only to put the coins in the exchange so people can leave with them and never come back? Those coins now go to other exchanges and leave the buyer holding a worthless exchange.

If the community were allowed to take over then that would be a different story. Then we implement a profit sharing agreement that all holders of coin get an IPO of sorts and revamp the infrastructure and security. The people who have their money in the exchange now stay as users and create a market again. This is the only way any type of repayment works since no one is dumb enough to just cover the coin that was stolen to buy a fraudulent exchange with PR problems. The only person who could afford to would be the thief.

The only people who would normally have the possibility of getting their BitCoin back are the MN Share holders. Funny how they are not going to be paid out though now. If the MN2 and MN markets could be shown as fake it would prove an inside job. Even though we know it was an inside job it would give more proof.
legendary
Activity: 987
Merit: 1003
They opened wallets to give themselves some positive props that they're still trying to make things work. I'm waiting for doge and btc to open but I have little hopes. Opening btc will allow a lot of withdrawals so their funds will be depleted by the massive withdrawals.

There is no BTC and or Doge! Opening empty wallets would allow BTC to come in and repeat the same fractional reserve ponzi that was implemented after the coins go missing.
newbie
Activity: 4
Merit: 0
What ideas concerning the purse of XPY? It is closed. On balance of purse of cryptsy 750k.

How do you know it's 750k? Can you post an address that you think is Cryptsy's XPY wallet?

https://chainz.cryptoid.info/xpy/wallet.dws?29868.htm
sr. member
Activity: 473
Merit: 250
I just withdrew 1.1M Sprouts -- now if I can only find some place to sell them ...
newbie
Activity: 16
Merit: 0
there is value in this house itself : CRYPTSY

if it was penny stock exchange - value of such house would be in billions

if it would go under bankruptcy - lawyers would sell to highest bidders

you say : small coins have no value : how much bigger intrinsic value having diamonds, posts stamps and so on

by allowing lawyers to sell Cryptsy to someone for pennies ( possibly to competitor who would close Cryptsy )

by this action ( or inaction ) - allowing to sell Cryptsy for ZERO - we would confirm ( as you  say) that all altcoins have ZERO value




actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all

What part of Craptsy is bankrupt do people not understand?

There is no money... coins of value were stolen 19 months ago... Craptsy has maybe $100k worth of crapcoins to dole out, so be patient...

Dead coins are worthless because they are scams which were abandoned after the pump-n-dump... don't invest in them, so some research before throwing your money away...
vip
Activity: 1428
Merit: 1145
In the mean time:

Quote
Hello Serge,

We are sorry but the LK7 wallet is down for maintenance at the moment. It will return shortly, and your funds will credit when it's back. Thanks for your patience. Please respond or close the ticket when they show up.


pr9me
Cryptsy Agent
Tradekey: 33ffde7e37a6cebc349ca3e26afd1ab13a3f44b7
CryptoNerd.co ★ Crypto News & Stuff...
Need BTC? Try Coinbase with my referral to save!

Though, this does not clearly states that the coin will come up again.

Today I got the following response regarding LK7 that is suddenly disappears and then also suddenly appears back:
Quote
Hello Serge,

LK7 is undergoing maintenance right now. The system delisted it automatically if there is any sign of a reversal. Will be back soon if everything is OK. Thanks for your patience it will be back soon.


pr9me
Cryptsy Agent
Tradekey: 33ffde7e37a6cebc349ca3e26afd1ab13a3f44b7
CryptoNerd.co ★ Crypto News & Stuff...
Need BTC? Try Coinbase with my referral to save!

So I believe this is the one of new great "features" Vernon announced in his latest tweets:

Quote
BigVern @cryptsy
Working hard so @cryptsy users will have lot to smile about in 2014: stay tuned & keep suggestions/feedback coming #features #upgrades
CollapseReplyRetweetFavorite· 9 RETWEETS  12 FAVORITES
22h
 BigVern @cryptsy
happy new year everyone.  number of backend improvements implemented over last ten days.  More in the works.

So, smile, folks, smile!
legendary
Activity: 3654
Merit: 8909
https://bpip.org
What ideas concerning the purse of XPY? It is closed. On balance of purse of cryptsy 750k.

How do you know it's 750k? Can you post an address that you think is Cryptsy's XPY wallet?
sr. member
Activity: 406
Merit: 250
actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all

What part of Craptsy is bankrupt do people not understand?

There is no money... coins of value were stolen 19 months ago... Craptsy has maybe $100k worth of crapcoins to dole out, so be patient...

Dead coins are worthless because they are scams which were abandoned after the pump-n-dump... don't invest in them, so some research before throwing your money away...
newbie
Activity: 16
Merit: 0
actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all



I think at the very end Cryptsy will finally shut down. Nobody that have been locked there for months will have any interest to start there again. In addition it would be very difficult to get new additional customer here.

The thing is, if the site was to open again with trading and deposits
allowed while keeping some wallets unable to withdraw till tx fees replenish
them, might sound bad to some.

There are a hell of a lot of users with funds tied up in there that the
majority of people would go for this.

All you have to think is do people want to see their  coins again, people will say yes.
Better some rescue plan for us all rather than nothing  in the end.

If the bank-run that happened never did, I have a feeling it would have worked
like has been said.

I know there is a TRUST thing to be got over, but if the cover up was indeed a last
ditch attempt to save  US ALL and was working, the finger should be pointed at the site that gave the
info that caused the bank-run and messed up the plan.

Now MOST of the story is out , where does it leave US ALL ?

If we should see the site become operational again we should all
be there to help , because we all have a stake in it , till ALL wallets
are open again for withdrawals.

I would rather see a trickle of my lost coins , knowing they are eventually
coming back to me , than nothing at all.

I would deposit too ( alt coins ) and if we all put the effort in, the faster
the recovery would be.

Bad mouthing is not going to help. ( At least till you know your money's
gone for good )
i think you are missing out the big part that should go like this
1. cryptsy is liable for the money supposedly stolen hmm i mean embezzled.
2.this money belongs to customers so cryptsy now owes the customers.
3.money put in by customers after event has absolutely nothing to do with the event. the missing money is now cryptsy debts.
4.at no point should new deposits be allocated towards paying off the debts. That means cryptsy now knowingly spending customer funds to pay off its debts to customers i know crazy stuff. = stealing and now site is running a ponzi/pyramid scheme.and is now basically a criminal entity in operation. and not reporting the incident to the authorities only works out for cryptsy and not the current or future customers it plans to steal from in the future commencing from the event
5. cryptsy ran this scam for 18 months. and actually had the diversity to blame a online article for its final demise. still unwilling to take any responsibility for theft/embezzlement/cover up/unreal irresponsibility.
6. he offers this options up has a possible remedy .
 

http://blog.cryptsy.com
quote
1.   We shut down the website and file bankruptcy, letting users file claims via the bankruptcy process and letting the court make the disbursements.
-   or –
2.   Somebody else comes in to purchase and run Cryptsy while also making good on requested withdrawals.
-   or –
3.   If somehow we are able to re-aquire the stolen funds, then we allow all withdrawal requests to process.    


bug vern and cryptsy are clearly insane and/or delusional. are you ?
vip
Activity: 1428
Merit: 1145

i can just picture some old fart judge at big verns trial sifting thru this thread and altcoin list for evidence.
Poring over  exibit A B AND C .... a big white board with  reams of arrows and and txids
and inputs and outputs and big long hexi decimal number thingys.
 and little troll face doodles and what have you  (oh wait im confused, thats that other thread, my bad,  lol)
and  all the memes.... oh man....

(trial)
councelors.. please approach the bench!
then he'll be like "and just who is this Gleb individual? i see he likes contributing eh?...."  
.....altcoins ....hmmmm
Tittiecoin, wankcoin???  is this some sort of joke?!!


yoke.>


"Paul Vernon, You were known for your genial personality, charm, bonhomie and wit which you displayed in various roles.

However, those who have admired you for these qualities and the cryptocurrency community now know that there is a darker side to you, one hidden from public view until now.

A side which you were able to conceal, taking advantage of your status as CEO of Cryptsy."
hero member
Activity: 616
Merit: 500
something something Bitcoin
What ideas concerning the purse of XPY? It is closed. On balance of purse of cryptsy 750k.

You sir are a true glutton for punishment. This is indeed a double butt-blast from Marshall Long-but-not-in-the-pants as you're waiting to withdraw an utterly failed scam shit coin from an insolvent exchange.
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