CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 317.

Libertymind

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Activity: 560

Merit: 500

Quote from: GoldSeal on January 16, 2016, 03:35:18 AM

Paul,

Here's another option. Sell the company - 100% - to the customers for the amount of the shortage. Distribute ownership to the depositors based on what they have trapped in the company. Then reset all balances in cryptsy to 0 and the new cryptsy get a new CEO and reopen. All coins on balance go into the exchange's reserves. Over time, cryptsy can buy shares back using it's profits. You never come back to the US again and you hold no business interest in Cryptsy.

Your liability is with the depositors. Turn the company over to the depositors. You can do this today and nobody has to wait two years for a bankruptcy proceeding.

If you are a depositor and would rather wait 2 - 3 years for a fraction paid at bankruptcy, speak up.

That is really smart. Better than nothing.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Approximate time of theft: https://plus.google.com/explore/cryptsy

12 hours before the theft: https://bitcointalksearch.org/topic/ann-bitbot-a-crypto-currency-trading-bot-and-backtesting-platform-free-714870

GoldSeal

legendary

Activity: 1862

Merit: 1002

Maybe they weren't stealing the coins. Maybe they were just protecting them from Paul Vernon.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

As an aside: I was in the Cryptsy trollbox when the Lucky7 crew was shilling that shit and I remember thinking they had to be the slickest pitchmen in crypto history. They were the real professionals, unfortunately.

Gleb Gamow

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Activity: 1428

Merit: 1145

Quote from: peonminer on January 16, 2016, 02:55:17 AM

Quote from: Gleb Gamow on January 16, 2016, 01:27:51 AM

Quote from: peonminer on December 22, 2015, 12:45:16 AM

https://www.walletexplorer.com/address/1EzK7T326C3eU3pi4MWFDzUptg143vV4K5?page=35

That wallet address was first funded at approximately lunchtime in Florida on July 29, 2014, the day of Cryptsy's inside job of stealing ten million dollars.

CRYPTSY WAS AN INSIDE JOB, NEVER FORGET!!!!

FBI YOU CAN PAY US PI FEES IF YOU WANT SINCE WE'RE DOING MOST OF THE LEG WORK Grin

😄

Are we allowed to double-dip since Paul's already goin' pay us 1000 BTC for our efforts being it was a tough case and all. Took almost a full 20-post page on this thread to crack. HAHAHA

GoldSeal

legendary

Activity: 1862

Merit: 1002

Paul,

Here's another option. Sell the company - 100% - to the customers for the amount of the shortage. Distribute ownership to the depositors based on what they have trapped in the company. Then reset all balances in cryptsy to 0 and the new cryptsy get a new CEO and reopen. All coins on balance go into the exchange's reserves. Over time, cryptsy can buy shares back using it's profits. You never come back to the US again and you hold no business interest in Cryptsy.

Your liability is with the depositors. Turn the company over to the depositors. You can do this today and nobody has to wait two years for a bankruptcy proceeding.

If you are a depositor and would rather wait 2 - 3 years for a fraction paid at bankruptcy, speak up.

GoldSeal

legendary

Activity: 1862

Merit: 1002

Quote from: MemberCount+1 on January 16, 2016, 03:20:35 AM

Withdrawals the users-deposits-balance, if available. Would be one step.

strong agree. you can try it out by allowing people to withdraw casinocoin and if that goes well then maybe allow some other coins to withdraw...

MemberCount+1

hero member

Activity: 798

Merit: 1000

Allow to withdrawals the (altcoins)balance, if available on the user-deposits-adresses. Would be one step.

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Quote from: digit on January 16, 2016, 03:11:57 AM

All the "common practices" of those shady other exchanges, its as if he simply made a list of what cryptsy was doing themselves and then turned around accused all the other exchanges of it. Cheesy

and 3rd party CPA audit? Were they aware of the full situation and became a part of this conspiracy or were they kept in the dark intentionally by cryptsy with false reports pass on to them to sign off on?

anyway some BitJohn dated July 21, 2014 (a week before the alleged hack they say occurred on July 29 2014):

Quote from: BitJohn on July 20, 2014, 07:44:59 PM

Quote

, didnt went through until the pumping/dumping was over,even when confirmations were 4-5x of required amount.

This happened a couple times and was completely related to an overwhelming number of deposits to a single threaded wallet. We have new systems that better handle this now but many altcoin wallet just cant handle that many inputs in a block. DOGE for instance would have 200 inputs to our wallet every time it found a block which with DOGE is very fast. Any fast block time coin has this issue.

Quote

Also, i have seen that many times certain coins get bought off insanely on other exchanges, and then cryptsy adds them the next day.. pure inside info trading,shamefull

We do competitive adds meaning other exchanges have high volume we will add the coin http://www.cryptocoincharts.info/v2/coins/info I would not call using that site insider trading.

Quote

Just stay away, its a shady site, useless support and questionable admin.

Keep these things in mind:
- Cryptsy is a public company and is US based with over 40 employees. You can drive there and visit:
160 Congress Park Dr Suite 101
Delray Beach, FL 33445
- We are led by our fearless leader Paul Vernon an actual face you can find at just about any Bitcoin conference.
- We have quarterly audits by a 3rd party CPA firm to ensure existence of funds.
- We have just finished an audit on June 30th for our crytocurrency balances, which is why we held off on launching USD until July 1st.
- We practice stringent security practices which have kept us running for well over a year and a half.
- We work hard to stay compliant with Federal laws ensuring your funds are not seized. ACAM certified CFO.

Many of the exchanges that have popped up are unknown entities run by shadowy figures outside of the regulations. Common practices I have noted other exchanges running:
- Fractional Reserves to include using customers funds to trade on their markets for perceived volume utilizing site integrated bots.
- Volume numbers that are fictional and fake order books in order to give folks the impression they are bigger or more successful than they are.
- I have found numerous exchanges reporting volume numbers that essentially state their customers typically put .04 BTC or more per trade that is quite a bit more than BTC-e or Cryptsy per trade numbers
- Collusion between groups of coin "developers" to bring coins onto their exchange to move the perceived volume onto. Usually involving bribes.
- Some exchanges even do this publicly.
- -Incredibly unsafe security practices.
- Complete bypass of security questions.
- No utilization of cold wallets.
- Major DB vulnerabilities compromising not only wallet but account info.
- Addition of coins with no coin code review.
- Running outside of the law in countries where its only a matter of time before funds are seized.
- Several of these companies are based in the EU or the US running outside of compliance laws. Believing these only apply to FIAT. Some completely unregistered.

Anyhow that is my rant Cryptsy does everything we can to stay above board. Bottom line your coin is safe here and we appreciate all of our customers.

imgur of the quote https://i.imgur.com/25mCI7B.png and snapshot of thread found here https://archive.is/Pgi79

"The Crooksy Playbook"

digit

legendary

Activity: 1672

Merit: 1010

All the "common practices" of those shady other exchanges, its as if he simply made a list of what cryptsy was doing themselves and then turned around accused all the other exchanges of it. Cheesy

and 3rd party CPA audit? Were they aware of the full situation and became a part of this conspiracy or were they kept in the dark intentionally by cryptsy with false reports pass on to them to sign off on?

anyway some BitJohn dated July 21, 2014 (a week before the alleged hack they say occurred on July 29 2014):

Quote from: BitJohn on July 20, 2014, 07:44:59 PM

Quote

, didnt went through until the pumping/dumping was over,even when confirmations were 4-5x of required amount.

This happened a couple times and was completely related to an overwhelming number of deposits to a single threaded wallet. We have new systems that better handle this now but many altcoin wallet just cant handle that many inputs in a block. DOGE for instance would have 200 inputs to our wallet every time it found a block which with DOGE is very fast. Any fast block time coin has this issue.

Quote

Also, i have seen that many times certain coins get bought off insanely on other exchanges, and then cryptsy adds them the next day.. pure inside info trading,shamefull

We do competitive adds meaning other exchanges have high volume we will add the coin http://www.cryptocoincharts.info/v2/coins/info I would not call using that site insider trading.

Quote

Just stay away, its a shady site, useless support and questionable admin.

Keep these things in mind:
- Cryptsy is a public company and is US based with over 40 employees. You can drive there and visit:
160 Congress Park Dr Suite 101
Delray Beach, FL 33445
- We are led by our fearless leader Paul Vernon an actual face you can find at just about any Bitcoin conference.
- We have quarterly audits by a 3rd party CPA firm to ensure existence of funds.
- We have just finished an audit on June 30th for our crytocurrency balances, which is why we held off on launching USD until July 1st.
- We practice stringent security practices which have kept us running for well over a year and a half.
- We work hard to stay compliant with Federal laws ensuring your funds are not seized. ACAM certified CFO.

Many of the exchanges that have popped up are unknown entities run by shadowy figures outside of the regulations. Common practices I have noted other exchanges running:
- Fractional Reserves to include using customers funds to trade on their markets for perceived volume utilizing site integrated bots.
- Volume numbers that are fictional and fake order books in order to give folks the impression they are bigger or more successful than they are.
   - I have found numerous exchanges reporting volume numbers that essentially state their customers typically put .04 BTC or more per trade that is quite a bit more than BTC-e or Cryptsy per trade numbers
- Collusion between groups of coin "developers" to bring coins onto their exchange to move the perceived volume onto. Usually involving bribes.
   - Some exchanges even do this publicly.
- -Incredibly unsafe security practices.
   - Complete bypass of security questions.
   - No utilization of cold wallets.
   - Major DB vulnerabilities compromising not only wallet but account info.
   - Addition of coins with no coin code review.
- Running outside of the law in countries where its only a matter of time before funds are seized.
   - Several of these companies are based in the EU or the US running outside of compliance laws. Believing these only apply to FIAT. Some completely unregistered.

Anyhow that is my rant Cryptsy does everything we can to stay above board. Bottom line your coin is safe here and we appreciate all of our customers.

imgur of the quote https://i.imgur.com/25mCI7B.png and snapshot of thread found here https://archive.is/Pgi79

Arrakeen

hero member

Activity: 532

Merit: 500

Offer escrow, receive negative trust

Quote from: peonminer on January 16, 2016, 02:55:17 AM

Quote from: Gleb Gamow on January 16, 2016, 01:27:51 AM

Quote from: peonminer on December 22, 2015, 12:45:16 AM

https://www.walletexplorer.com/address/1EzK7T326C3eU3pi4MWFDzUptg143vV4K5?page=35

That wallet address was first funded at approximately lunchtime in Florida on July 29, 2014, the day of Cryptsy's inside job of stealing ten million dollars.

CRYPTSY WAS AN INSIDE JOB, NEVER FORGET!!!!

FBI YOU CAN PAY US PI FEES IF YOU WANT SINCE WE'RE DOING MOST OF THE LEG WORK Grin

😄

If only the FBI would actually use their power for socially justifiable cases like this, instead of using btc to buy drugs off silk road ;_;

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Quote from: Gleb Gamow on January 16, 2016, 01:27:51 AM

Quote from: peonminer on December 22, 2015, 12:45:16 AM

https://www.walletexplorer.com/address/1EzK7T326C3eU3pi4MWFDzUptg143vV4K5?page=35

That wallet address was first funded at approximately lunchtime in Florida on July 29, 2014, the day of Cryptsy's inside job of stealing ten million dollars.

CRYPTSY WAS AN INSIDE JOB, NEVER FORGET!!!!

FBI YOU CAN PAY US PI FEES IF YOU WANT SINCE WE'RE DOING MOST OF THE LEG WORK Grin

😄

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Quote from: peonminer on January 16, 2016, 02:22:33 AM

Quote from: Gleb Gamow on January 15, 2016, 04:54:57 PM

2014-07-29 18:55:43: https://www.walletexplorer.com/wallet/0c07e0bec1002bd2

2014-07-29 13:17:36: https://www.walletexplorer.com/wallet/0c07e0bec1002bd2

2014-07-29 18:55:43: https://www.walletexplorer.com/wallet/Cryptsy.com-old?page=1198

Only a retard thief would use a cherry picker to get the hard-to-reach fruit (coins in a cold wallet) but not touch the low-lying fruit (~133 BTC worth of bitcoins in a hot wallet), then not spend the loot for a year and a half even though no police report was filed, meanwhile Cryptsy continued to conduct business as usual as if a theft didn't occur, treating the incident like some pesky gnat buzzing around the office with hopes that cryptocurrency community members not banned from participating will opine a solution to rid the critter once and for all if a 1000 BTC reward is put on the table.

The 20 MILLION DOLLAR KNAT LOLLLLLLLLLLLLLLL

FUCK YOU CRYPTSY

I just caught my mistake:

2014-07-29 13:17:36: https://www.walletexplorer.com/wallet/0c07e0bec1002bd2

I wanted to post more in this post but there's a Skype chat awaiting my ass. Only the second time I've ever used Skype.

I'll be bumping this post later to reveal something of interest.

GoldSeal

legendary

Activity: 1862

Merit: 1002

I've got an option for Vern. Don't allow any trading. Allow all withdrawals immediately in all other coins other than BTC LTC. After all coins coins have been disbursed, file for bankruptcy and never come back to the US again.

I love how this guy is holding other coin balances hostage to make people dance for him. This is crazy.

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Quote from: Gleb Gamow on January 15, 2016, 04:54:57 PM

2014-07-29 18:55:43: https://www.walletexplorer.com/wallet/0c07e0bec1002bd2

2014-07-29 18:55:43: https://www.walletexplorer.com/wallet/Cryptsy.com-old?page=1198

Only a retard thief would use a cherry picker to get the hard-to-reach fruit (coins in a cold wallet) but not touch the low-lying fruit (~133 BTC worth of bitcoins in a hot wallet), then not spend the loot for a year and a half even though no police report was filed, meanwhile Cryptsy continued to conduct business as usual as if a theft didn't occur, treating the incident like some pesky gnat buzzing around the office with hopes that cryptocurrency community members not banned from participating will opine a solution to rid the critter once and for all if a 1000 BTC reward is put on the table.

The 20 MILLION DOLLAR KNAT LOLLLLLLLLLLLLLLL

FUCK YOU CRYPTSY

sserge009

hero member

Activity: 770

Merit: 501

It seems there is new update http://blog.cryptsy.com/

"– Update 2016/01/16 12:38am –
Here are the transactions from the LTC wallet:
http://ltc.blockr.io/tx/info/61e61a63f35c951a16870df9e0a34df462ee473fde819d134da9485d2e7d8f44
They moved about a year later, so that movement may help with tracking"

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Quote from: Spoetnik on January 16, 2016, 01:40:21 AM

Quote from: volyova on January 16, 2016, 01:15:37 AM

Quote from: Gleb Gamow on January 16, 2016, 12:38:37 AM

Quote from: BitJohn on July 28, 2014, 05:02:48 PM

Quote from: Spoetnik on July 28, 2014, 11:16:40 AM

i have been fed bs and called a conspiracy nut for a year from a certain guy here so i have long learned to tune it out.

dealing with people playing dumb is tiring.

you can fool some of the people some of the time..

I'd give you a 50% on the spot for some of your conspiracies.

I predict that in ~15 hours, ten million dollars worth of cryptocurrencies is goin' be stolen from Cryptsy. I'll settle for 31.4% because I'm nice dramatic guy.

You are an old drama-queen, though. You exhibit attention-seeking behaviour. I would surmise that.."you love it".

At least he is not boring like all the other guys around here most times !
Gleb Gamow made this Cryptsy Dish SPICEY

Now, how the fuck did you know that I ended the practice of inducing eggnog via an enema bag to perform the same task with masala chicken via a douchebag?

Quote from: Melech on January 16, 2016, 01:52:59 AM

Quote from: Spoetnik on January 16, 2016, 01:40:21 AM

At least he is not boring like all the other guys around here most times !
Gleb Gamow made this Cryptsy Dish SPICEY

It's not a party until someone sticks his dick in the mashed potatoes! Shocked

And for desert, Mark Karpels' homemade apple pie:

Melech

sr. member

Activity: 406

Merit: 250

Quote from: Spoetnik on January 16, 2016, 01:40:21 AM

At least he is not boring like all the other guys around here most times !
Gleb Gamow made this Cryptsy Dish SPICEY

It's not a party until someone sticks his dick in the mashed potatoes! Shocked

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: volyova on January 16, 2016, 01:15:37 AM

Quote from: Gleb Gamow on January 16, 2016, 12:38:37 AM

Quote from: BitJohn on July 28, 2014, 05:02:48 PM

Quote from: Spoetnik on July 28, 2014, 11:16:40 AM

i have been fed bs and called a conspiracy nut for a year from a certain guy here so i have long learned to tune it out.

dealing with people playing dumb is tiring.

you can fool some of the people some of the time..

I'd give you a 50% on the spot for some of your conspiracies.

I predict that in ~15 hours, ten million dollars worth of cryptocurrencies is goin' be stolen from Cryptsy. I'll settle for 31.4% because I'm nice dramatic guy.

You are an old drama-queen, though. You exhibit attention-seeking behaviour. I would surmise that.."you love it".

At least he is not boring like all the other guys around here most times !
Gleb Gamow made this Cryptsy Dish SPICEY

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: Hippie Tech on January 16, 2016, 12:51:10 AM

SpoetnoobCoin TO DA MOOOON....

Let him in on the premine and Crusty will peddle cab your maggoty ass TO DA MOOON. Grin

Quote from: Crestington on October 27, 2014, 05:22:22 AM

@Spoetnik

In terms of adoption I don't see how it could fail, what are you thinking in terms of algo's, rewards, etc.

Here's a little logo pic as well

http : // s30 .postimg .org /qjd13ci0x/ Spoetnik_Coin .png

(I took a screenie of the original pic and replaced it because I do not trust Crusty's links and .pngs. HT xD)

At the height of Coin Cloning i created a topic asking "should Spoetnik make a coin ?"
that *unused* picture was posted by Cresty because he was trying to be nice.
i had said all along i had no real plans and i doubt i ever would.
But i wanted to talk about the issue.. this is a forum after all.

I have said guys like Crestington, BitJohn, Horus are nice guys that for the most part best i can tell treated me fairly
IN COMPARISON to iGotSpots raving at me spamming on IRC with insults non stop for an hour straight.
So..
Within the CONTEXT of the ongoing conversation yes i do sometimes say good things about people.
Would you prefer i as an asshole all the time ?
I bet i'd be bitched at just he same then..

What is wrong with giving people some props sometimes ?
I have also said if ya all got dirt on who ever.. then have at 'er.. POST IT !

Take for example iGotSpots he is a great coin cloner.. i give him props for that Cool

HippieTech your grasping at straws in the wrong place man.
There is not secret conspiracy surrounding me and making shit coins etc
I'm just another *older* opinionated Jerk on the web into Crypto stuff.. one of many LOL

Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 317. (Read 1006940 times)