Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 308. (Read 1006940 times)

more importantly it showed AGAIN how Vern was there and tinkering with site code making changes.
while hiding
Priorities ? say and do nothing about site problems that were acknowledged..
because there was nothing fix i guess we found out later.. hackers.

paybans are only good for shill's ass kissing and advertising.

@Gleb
I checked that site isup.me last time Cryptsy got DDOS'd
remember i reported RarBG got hit too and this time KAT too ?
I didn't just Google it then.. i had it bookmarked it for about a decade or so now.

Point being is i tested it and it was NOT working right *last time*
It was reporting 'down' on me either way i was pretty sure.
But NOW ? it seems to work fine so uhhmm well fuck i don't know LOL
I guess it must have been the Med's again man ahahhah

EDIT:
AND I DO have a problem with HippieTech he's an idiot nutjob.
If that cunt wants to jab away at me endlessly i will finally lift a finger to stuff it in his ass.. Exposing HIS BS !
HippieTech i have bent over backwards to appease you and you still act like a colossal fucking prick to me.
enough's enough ya fucking goof.

Hey idiot..
I am not in cahoots with any shit coin teams or am i anybody else and NO i never made any coins.
Stop being a fucking retard.
YOU ARE acting like a fucking wacko moron drunk on conspiracy theories.
And..
You seem to fail at grasping what Off-Topic means.
This entire forum is nothing but a goose chase to harass people.
No matter what the topic is about you just show up & hijack it with an endless rant / conspiracy.

You have NEVER had one shed of proof to back up any idiot claim against me so fuck of already crazy idiot.

Paul exaggerates, it was only 11,325 BTC and 247,508 LTC (and likely, but not confirmed 456,501 Dash, and 9.727 Billion DOGE)

That was my queue to split...

I took a hit on the unannounced 0.5% withdraw fee (before they added vouchers), and asked them to close my account, and delete my personal info (they didn't)

Pauls already in deep enough shit with 13,000 btc and 300,000 ltc I don't think he's stupid enough to add more years to his sentence for the other altcoins.

How about the asshole re-enables chat... how else are people to give him leads? He could come on the chat box and talk with people and face the music unless he's indeed the coward everyone thinks he is?

If he doesn't like the trollbox maybe he can use the lucky7 wallet irc .... that was sarcasm.

Is no-one else concerned that those coins might also disappear?

it was desperation. paul claims lots of withdrawals occurred after coinfire articles so this could be true. Paul couldn't afford to pay out the withdrawals so had to create a method to scare people into not withdrawing while hiding it under the whole but now you can trade for free... It did reduce their income but it was Paul trying to prevent the insolvency being exposed earlier.

Paybans were an immature stupid way to have people ban and get more money to cryptsy. I think they were hoping people would 1 day ban others for bigger fees.

I suspect too that cryptsy had big reserves of doge and the like they wanted to direct people to trade to so they could recoup the btc while under the whole 0 trade fees.

Problem was his ploy didn't work and when people kept withdrawing the reserve got too low so they played the technical issues.

Pauls wife knew how much shit she was in so she just bailed... I guess love only goes so far.

Has anyone actually calculated the amount cryptsy lost? not in $$$$ USD or bitcoin I mean a %%%% of cryptsy's entire holdings? I suspect it would of been around 70%

OK, thanks, that makes sense.

Charge a fee on withdrawals so you still have a way of making up the shortfall while simultaneously encouraging people to leave their coins with you so a) your insolvency is less likely to become apparent and b) if it all goes wrong you have more coins to exit scam with.


I remember after MtGox went belly up there was a lot of noise made about requiring exchanges to do regular proof-of-solvency audits. Whatever happened to this? Is it still standard practice for exchanges to just ask their clients to trust that they are solvent?

The one that allegedly put the backdoor in is "alerj78"

https://bitcointalksearch.org/topic/m.6861797
https://bitcointalksearch.org/topic/m.7769393

I see that the Cryptsy.com web page is now up. Now everyone can check their balances again to see if they accurately reflect what Paul Vernon will be stealing from them.

0% trading fee, people deposit more coins to trade for free, charge instead % for withdrawal so people leave their coins on your platform.....sounds like the perfect plan if you're coming undone with not having the coins on your books.

Lucky7coin

When fractional reserving's not working for you; crypto exchange 101; pull out the ol our coins got stolen one  

I didn't use cryptsy, but what sense does it make to drop trading fees to 0% when you're trying to make good on insolvency? I would have thought that collecting trading fees would be your best hope of making up the shortfall.

whos steam account is that? its private. is this bitjohns or?

Then the MODS released that SPECOIN knowing the exchange was bad just to squeeze a few more $$$ out... Nordman, Greenlion and Feed The Baby

http://steamcommunity.com/profiles/76561198142645623/namehistory

For starters, jlong187 lives 90 miles due south of Jim Shockney (Orange & Pineland, TX, respectively).

I think you are mistaken. $12,700,000 beats a foundation member. Millions and Millions and Millions.. or a dude's say so... IT"S MONEY!

The ONLY bank-run I could see after the 'inside job' were more Investards signing up to Cryptsy, with Paul Vernon announcing placement of more cowbells secure servers to handle the load as he continued to siphon off more bitcoins and, perhaps, myriad altcoins. That's a fact, Jack!