Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 302. (Read 1006940 times)

Hey, thunderjet, is your 500 BTC finding and my 500 BTC finding (5X100 on July 29, 2014) the same? I found my independently of your research if it's the same otherwise I would've gave you credit for the find.

If different, please point me to your finding so that I can do some exploratory on my own. Thanks, bud.

EDIT: Just scrolled down and see that it is.

Somehow I missed your post and posted the exact same findings the next day (yesterday): https://bitcointalk.org/index.php?topic=1173703.msg13574270;topicseen#msg13574270

To be clear, thunderjet, my research was independent of yours and would've gladly given you credit for your find.

Apologies for any misunderstandings.

How many times do we have to tell you, it was all an inside job done by a retarded pedophile.

Spotted BigVern's latest blog post!~

Here's a screencap:

Cryptsy Lockbox & Improved Currency Converter Tool

Greetings Cryptsy Users,

Two new features have been released today that I wanted to tell you about.

Cryptsy Lockbox:

Cryptsy has always tried to be the leader in developing a safe and secure environment for trading.   Today we have released Cryptsy Lockbox.   Cryptsy lockbox allows you to store funds you hold on your account more securely.   When you move funds to a lockbox, those coins will not be availalbe for trade or withdrawal.   The lockbox is a time-lock system, you can set the time lock for 1 hour, 6 hours, 12 hours, or 24 hours.   When a lockbox release request is made and approved from one of the email accounts set for the lockbox, the system will notify you every hour of a pending release via email and optional SMS alerts.   If somehow you find you didn’t make the request, you can cancel it by clicking a link in the email.  Once the allotted time has passed since the request was approved, you lockbox funds will be restored to your Cryptsy balance and will be available for trade or withdrawal.

You can access the lockbox from your Cryptsy balances page.

Who should use lockbox:

- Users to are not going to be trading for awhile due to vacation or another reason should store their funds in the lockbox.   If you don’t plan on trading or withdrawing those coins for awhile, then store them.

- Users who store large amounts of coin on their local computer.   The majority of hacks that we have seen in the past have occurred on the end users computer.   If your computer is compromised, stolen, or damaged your local wallets are at risk.   Cryptsy takes great measures to ensure our wallets and keys are stored safe and securely and make backups of our wallets to very secure locations often.

- Services who hold funds in their own wallets.   If you run a service that stores funds in your own wallets, and do not want to worry about the security of your wallets, then you can store them into a Cryptsy Lockbox for safekeeping.

New Improved Currency Converter:

The new currency converter is back and better than ever.   You can find the currency converter under the tools menu at Cryptsy.  Using the converter you can convert any currency into any other currency, including USD if you are verified.   You can specify either the sending amount and we will convert to show you the receiving amount, or you can specify the receiving amount and we will show you how much to send.

Soon we will be enhancing the converter tool even more by allowing you to send funds to an address to complete the conversion process, as well as providing these tools via the API.   We feel this tool will be essential in the creation of merchant payment tools that use any currency traded at Cryptsy.

Happy Trading!

Paul Vernon
“BigVern”

    Nov 7th, 2014

If you look at transactions you could see most coins are dumped on cryptsy, that doesnt make sense, crypsy could have seen easy they where stolen from cryptsy wallet.

I haven't checked the timing on this, but here's a quick thought:
Maybe that had a lot to do with implementing the new Tier system?? They might have been trying to identify who was selling the stolen coins and get the acct locked down

Kinda points to it being an inside job, right?

Or complete incompetence...

How could you let someone steal $2mil worth of Dash, then sell it on your own website?

The trail is too obvious for them to have missed it... Wouldn't they be looking very closely at anyone depositing 100k+ Dash? Over 200k went to the same address...

If you look at transactions you could see most coins are dumped on cryptsy, that doesnt make sense, crypsy could have seen easy they where stolen from cryptsy wallet.

I find it suspicious that they have not posted links to the other stolen altcoins yet...

I'm willing to bet that the stolen Dash trail leads directly to someone who works/worked at Cryptsy:
https://chainz.cryptoid.info/dash/tx.dws?1120889.htm

You can click on the "Redeemed in" hash of the largest output and follow the trail as he sells the Dash on Cryptsy 5-10k at a time over several months (and watch the Dash price plummet shortly after each selling session)

I'm willing to bet that the stolen Dash trail leads directly to someone who works/worked at Cryptsy:
https://chainz.cryptoid.info/dash/tx.dws?1120889.htm

You can click on the "Redeemed in" hash of the largest output and follow the trail as he sells the Dash on Cryptsy 5-10k at a time over several months (and watch the Dash price plummet shortly after each selling session)

Unless you have an inside connection to twitter or facebook (on technical side), I doubt it is possible. Otherwise, one would have to persuade vern to click a crafted link in a facebook or twitter post...

As a side joke, his first name is an anagram of Botswana's currency

There are cases when negligence is criminal. Whether Cryptsy's negligence was criminal I don't know but if reasonable precautions could have been made and standard practices weren't followed then I think it should be criminal.

I hope Bigvern gets a big cellmate I'm sure we can hold a collection to make sure that his cellmate gets a never ending supply of Viagra.

I find it suspicious that they have not posted links to the other stolen altcoins yet...

I'm willing to bet that the stolen Dash trail leads directly to someone who works/worked at Cryptsy:
https://chainz.cryptoid.info/dash/tx.dws?1120889.htm

You can click on the "Redeemed in" hash of the largest output and follow the trail as he sells the Dash on Cryptsy 5-10k at a time over several months (and watch the Dash price plummet shortly after each selling session)

The funny thing is that twitter nor facebook shows/provide the IP. The only way to get it would be with an IP logger.