Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 327. (Read 1006940 times)

Well, to date nary a crypto-theme periodical has taken a few minutes to connect the dots like I have in what amounted to less than a minute of research on my part (took longer to pen it) to further prove that Paul Vernon is a Goddamn motherfuckin' serial liar just like Leroy Fodor and Marshall Long and John Fitzpatrick and Craig Wright.

Smile...Well, we can also wait to see what Hearn comes up with while working with JP Morgan's team and try to emulate some of their solutions....?  Huh?

is that his real picture? got more info on him ? post it for us we need real names and addresses

We need to educate scam artist on how to betterer execute thefts, then pen more betterer prose of words stuff so to make thier involvement less likely otherwise the world will looks at us bitcoiner peoples as being nothing but theivess and stupid, the laddder we no want thme to think of us as of.

It's done!....The warning signs were there....the community was pointing them out....and the concerns proved to be valid.  Now, whether or not it was a self fulfilling prophecy is up for debate.  Maybe if everybody kept quiet (not an option morally in my opinion) then the problem could have been avoided.  

At this point, it seems,  the most that can be gained from this debacle will be gained by taking advantage of the lessons learned (AGAIN!) and walking away with a deeper understanding of the frailties involved around the whole bitcoin experiment.  It's just another very disappointing event in a string of disappointments but the lessons learned are extremely valuable!  We started with bitcoin's genesis and now we're in its evolutionary stages....it's all part of the plan!

Question: What did we learn and how can we use that knowledge to foster a healthy evolution of the project?  

Respect your opinion, but why didn't the retard spend a single satoshi in a year and half after going through all the trouble of stealing the coins in the first place?

Here's a theory: The thief is none other than Chen Jianhai and he plans on returning the coins any minute now. Also, check out this short video: https://www.youtube.com/watch?v=LlJkec-CQRM

Here's how it'll play out: https://bitcointalksearch.org/topic/statement-about-the-suspect-of-recent-bitcoinica-hack-95795

Before and after the theft on July 29, 2014: https://twitter.com/cryptsy?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor



Less than two months later after losing ten million dollars: http://www.coindesk.com/digitalbtc-cryptsy-mining-platform/

I wholeheartedly disagree. If they're smart, they just sat and watched Paul and Mullick's workflow and learned how they fill hot wallets with cold wallet funds, manage the servers, and isolate wallets from each other (if they do/did). If they saw an way to get access to the cold wallets, either by moving horizontally within the Cryptsy internal network to some server that controlled cold wallet funds, or by setting up a trojan for Paul to download from the servers and use it to steal cold wallet keys from his computer, than that payoff would obviously be much better than stealing a hot wallet. If we are to believe they have monitoring set up to make sure the funds don't suddenly disappear, which I think is reasonable even for Cryptsy, and the thief saw evidence of that, then they'd know to go for the jackpot (cold wallet) instead of stealing 133 BTC and immediately setting off alarms, shutting off further access.

Here's another idea, by the way. They obviously have to have another wallet set up on (presumably) another computer to send the cold wallet funds. What if Paul downloaded the Lucky7Coin wallet there, either for personal use or for making a cold wallet for it? That's a MUCH easier and more likely way to pwn their cold wallets than moving horizontally within the network or dropping another payload for Paul to download and then break in.

Well they were paying a premium. Sometimes it can be really tempting to pick up nickels in front of a steam roller.

I'm just pissed that I left 17 sprouts in there. On top of the $0.04 I lost to MTGOX, I'm just destroyed inside.

yes they already made a statement long ago about how they can add any coins they feel like adding . so even if anything was stolen what has that got to do with anyones funds? it is the companies problem and responsibility . has of now we practically own that company all depositors . and why didn't he report the theft in the first place .i think this man is insane look at the stupid pathetic lie he expects us to believe.

A real thief wouldn't give a shit, but your sentiment is true if an inside job which even a retard in a coma can see that this is the case.

cold wallet needs at least two people to make withdrawals from it though right? how did the hacker get those keys besides how did he hack the btc wallet itself ?or am i missing something here? i already pointed this out to them in their chat box that any claims that any coins are missing is a bare faced lie and their admins says no coins missing just withdrawal process messed up . so everyone that works at cryptsy is a criminal. and must be dealt with appropriatly.

They should stop calling it a cold wallet if they have the machine directly connected to the net.

Again this is total horse shit, an exchange that does not audit altcoin source code should not be allowed to trade, its common practice!
The whole excuse saying a infected wallet caused this is just cover up, they are grasping at straws now.

I think it was smart to not touch the hot wallet (with public address, right?) and only empty the cold(?) wallet of which the address was not known.

Very sad news to hear.

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.

Agree.


Still, how about the transfer that originated from Localbitcoins.com ?
Someone was at the sending end of that transaction, if he/she can recall who he/she was doing business with, who knows what information that will reveal.

Afaik, localbitcoins transaction are either in person in cash, or with bank transfer.
Does localbitcoins.com maintains a history of all transactions, if possible ?

this are the chat handles of the cryptsy defenders i can remember . they will stalk the chat and harass anyone asking for their money i suspect some of them might just be cryptsy staff member alts who knows.


lurker
ukmayhem
schad
terrik
jagrapolite
greenlion
jimmy00777

we should not allow this people to get away with  this crime.

If you're only taking 2.5 BTC in fees for every 1000 BTC in volume, like bittrex, then most days bittrex is only making like $200 to $1000 USD. This is why all exchanges are insecure. That's barely enough money to hire a quality security expert. Then there are server costs, customer service costs, new development costs, etc. These exchanges are running on barely any funds.