CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 347.

suchmoon

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Quote from: baritus on January 13, 2016, 01:28:17 PM

It doesn't help that I was twice able to withdraw double my balance on Cryptsy.

I did return the coins to fix the negative balance, but that same issue has happened thousands of times on Cryptsy. Do you really think people that cashed out 10 free BTC are going to return them out of kindness?

How will they pay back money they don't have? That is the big question.

Well, if that really is THE issue then yeah, it's fubared.

baritus

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It doesn't help that I was twice able to withdraw double my balance on Cryptsy.

I did return the coins to fix the negative balance, but that same issue has happened thousands of times on Cryptsy. Do you really think people that cashed out 10 free BTC are going to return them out of kindness?

How will they pay back money they don't have? That is the big question.

suchmoon

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Quote from: baritus on January 13, 2016, 01:04:54 PM

Quote from: suchmoon on January 13, 2016, 01:00:41 PM

Quote from: Horus_Cryptsy on January 13, 2016, 07:52:45 AM

Here is a statement from the man himself about today's phishing fiasco.

http://blog.cryptsy.com/

He also says another statement will be coming out within the next couple of days.

I know it isn't much, but it's definitely a step in the right direction. I just said I'd post as I got info and I was just told of the blog post.

A step in the right direction would be to shut the whole thing down, sort it out (quickly), and give everyone their money back. I mean real money not the +50% overpriced shitcoins.

How could a blog entry possibly be any kind of "right" if it's been insolvent for months now, without communication, and people have LOST money?

It's too late for that. You have to shut down exchanges as soon as you anticipate problems like this.

They have waited too long and probably no longer have the funds to return to their users.

Well, to be fair we don't fully know yet what "this" is. I'm not holding my breath but - hypothetically speaking - if the funds are still there and can be recovered then it still needs to be shut down NOW to prevent further bleeding. Maybe even a compensation plan could be worked out for those who were forced to withdraw via alts at a loss (although that opens a whole barrel of worms).

On the other hand, the fact that they are NOT doing what would make sense (i.e. shutting down) probably means bad news.

And seeing that they haven't bothered to even put up a warning of any kind on the website for months - it doesn't look like whatever sob story is coming out in a "couple of days" would bring any consolation.

baritus

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Quote from: suchmoon on January 13, 2016, 01:00:41 PM

Quote from: Horus_Cryptsy on January 13, 2016, 07:52:45 AM

Here is a statement from the man himself about today's phishing fiasco.

http://blog.cryptsy.com/

He also says another statement will be coming out within the next couple of days.

I know it isn't much, but it's definitely a step in the right direction. I just said I'd post as I got info and I was just told of the blog post.

A step in the right direction would be to shut the whole thing down, sort it out (quickly), and give everyone their money back. I mean real money not the +50% overpriced shitcoins.

How could a blog entry possibly be any kind of "right" if it's been insolvent for months now, without communication, and people have LOST money?

It's too late for that. You have to shut down exchanges as soon as you anticipate problems like this.

They have waited too long and probably no longer have the funds to return to their users.

suchmoon

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Merit: 8909

https://bpip.org

Quote from: Horus_Cryptsy on January 13, 2016, 07:52:45 AM

Here is a statement from the man himself about today's phishing fiasco.

http://blog.cryptsy.com/

He also says another statement will be coming out within the next couple of days.

I know it isn't much, but it's definitely a step in the right direction. I just said I'd post as I got info and I was just told of the blog post.

A step in the right direction would be to shut the whole thing down, sort it out (quickly), and give everyone their money back. I mean real money not the +50% overpriced shitcoins.

How could a blog entry possibly be any kind of "right" if it's been insolvent for months now, without communication, and people have LOST money?

baritus

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And this is why I shut down CryptoAve and returned everyone's funds. It's almost impossible to find staff that can be trusted with sensitive data and a one-man show can't handle thousands of users.

Marianas Web

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Quote from: Horus_Cryptsy on January 13, 2016, 07:52:45 AM

Here is a statement from the man himself about today's phishing fiasco.

http://blog.cryptsy.com/

He also says another statement will be coming out within the next couple of days.

I know it isn't much, but it's definitely a step in the right direction. I just said I'd post as I got info and I was just told of the blog post.

A step in the right direction? A bit fucking late, 4 fucking months late.

My crystal ball sees appending doom is near.

Horus, find out long the asshole banned me from cryptsy chat, it has been over 2 weeks.

Regarding other issues that have been apparent at Cryptsy for the last couple months, I will be making another post to explain what has been happening in the next couple days.

BigVern

Jan 13th, 2016

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Quote from: wooder on January 13, 2016, 11:02:19 AM

Quote from: tittiecoiner on January 13, 2016, 10:59:32 AM

Quote from: wooder on January 13, 2016, 10:45:20 AM

And don't forget, only coins with at least 30% higher prices than on other exchanges still work and they get recommened in the trollbox by the trollbox admins!!!

EDIT: even these coins are locked by now ...

I bet they will be bankrupt by the end of february and all "customers" will loose everything like in the good old MtGox times...

Don't forget the divorce, it's time to hide assets and earnings. Crypto during a weak price period for altcoins isn't the worst "investment". The next pump and dump period will occur and you can sell your coins xx% higher than now.

Nearly all altcoins are dying currently look at the volumes. most of them are just c&p coins so i wouldn't count on a pump Wink

And even if you get devorced, your customer funds don't belong to you or your partner..

Pump and dumps will never end until you regulate the price which defeats the whole point. Some alts are awesome. Most scams though

Marianas Web

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Quote from: o0o0 on January 12, 2016, 11:22:30 PM

Quote from: WigitGetIt on January 12, 2016, 11:16:22 PM

Look who showed up https://twitter.com/cryptsy/status/687125569159467008

https://i.imgur.com/zV5eReg.png

I suspect that's not vern.. its about time the person posting as vern announced its a handle used by multiple staff. I believe though I could be wrong that Horus said he posts from it. Which is shit... its making it look like vern is talking but its a number of people.

http://www.liveleak.com/view?i=82d_1312153529

jesselivermore

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wooder

sr. member

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Quote from: tittiecoiner on January 13, 2016, 10:59:32 AM

Quote from: wooder on January 13, 2016, 10:45:20 AM

And don't forget, only coins with at least 30% higher prices than on other exchanges still work and they get recommened in the trollbox by the trollbox admins!!!

EDIT: even these coins are locked by now ...

I bet they will be bankrupt by the end of february and all "customers" will loose everything like in the good old MtGox times...

Don't forget the divorce, it's time to hide assets and earnings. Crypto during a weak price period for altcoins isn't the worst "investment". The next pump and dump period will occur and you can sell your coins xx% higher than now.

Nearly all altcoins are dying currently look at the volumes. most of them are just c&p coins so i wouldn't count on a pump Wink

And even if you get devorced, your customer funds don't belong to you or your partner..

tittiecoiner

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Quote from: wooder on January 13, 2016, 10:45:20 AM

And don't forget, only coins with at least 30% higher prices than on other exchanges still work and they get recommened in the trollbox by the trollbox admins!!!

EDIT: even these coins are locked by now ...

I bet they will be bankrupt by the end of february and all "customers" will loose everything like in the good old MtGox times...

Don't forget the divorce, it's time to hide assets and earnings. Crypto during a weak price period for altcoins isn't the worst "investment". The next pump and dump period will occur and you can sell your coins xx% higher than now.

wooder

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Activity: 324

Merit: 250

Quote from: tittiecoiner on January 13, 2016, 10:36:27 AM

Quote from: wooder on January 13, 2016, 10:28:22 AM

Even if they really got hacked. They are dealing with problems like braindead people and taking money although you know you will never give it back is crime and they just hacked the mail servers no word of any funds missing by now (which is my bet, they don't own all userfunds anymore)

100% agree. But I doubt they really got hacked. Smells fishy, at fist there are withdrawal problems for weeks (deposits and trading still works). To avoid waves of complaints, they let some withdrawals go through to get more deposits (like a Ponzi??). Suddenly they notice technical issues and stop trading and withdrawals completely (still accept deposits) for a few hours. They suggest trying to withdraw smaller amounts at a max. of 0.01 (they charge you everytime, imagine you need to withdraw 3 BTC in 0.01 steps, do the maths). And now, when air gets thinner, the long expected "hacker attack" occured.

A script of a movie couldn't be more predictable than this story. Until I'm proven wrong, it's nothing but scamming and stealing.

And don't forget, only coins with at least 30% higher prices than on other exchanges still work and they get recommened in the trollbox by the trollbox admins!!!

EDIT: even these coins are locked by now ...

I bet they will be bankrupt by the end of february and all "customers" will loose everything like in the good old MtGox times...

tittiecoiner

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Quote from: wooder on January 13, 2016, 10:34:34 AM

because the users had massive balances but were not trading that much. so you just raise the withdrawal fees to get a part of the pie that doesn't belong to you

Paul is a scammer nothing else

I never paid much attention to it, Cryptsy was mostly #3 on trading volume but for many coins the only exchange. But yeah, makes sense what you say and it's similar to my thoughts.

tittiecoiner

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Quote from: wooder on January 13, 2016, 10:28:22 AM

Even if they really got hacked. They are dealing with problems like braindead people and taking money although you know you will never give it back is crime and they just hacked the mail servers no word of any funds missing by now (which is my bet, they don't own all userfunds anymore)

100% agree. But I doubt they really got hacked. Smells fishy, at fist there are withdrawal problems for weeks (deposits and trading still works). To avoid waves of complaints, they let some withdrawals go through to get more deposits (like a Ponzi??). Suddenly they notice technical issues and stop trading and withdrawals completely (still accept deposits) for a few hours. They suggest trying to withdraw smaller amounts at a max. of 0.01 (they charge you everytime, imagine you need to withdraw 3 BTC in 0.01 steps, do the maths). And now, when air gets thinner, the long expected "hacker attack" occured.

A script of a movie couldn't be more predictable than this story. Until I'm proven wrong, it's nothing but scamming and stealing.

wooder

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Quote from: tittiecoiner on January 13, 2016, 10:30:56 AM

Quote from: wooder on January 13, 2016, 10:10:23 AM

Even the mintsy scam was registered by them :
http://domainbigdata.com/mintsy.com
http://domainbigdata.com/mintsy.co

But the cryptsy stuff insisted that they are not connected to mintsy...

This document contains several companies, found there Hashmax LLC which directly leads to Paul and Mintsy.co
http://courtcon.co.palm-beach.fl.us/pls/jiwp/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=502015DR009881XXXXSB&begin_date=&end_date=

So it's hard to deny.

Just my opinon: Cryptsy always had some trouble, mostly technical issues. But I think the bullshit started when Vern became greedy, like getting a part of the Cloud Mining pie with Mintsy, Paycoin. I'm still not sure why they removed trading fees but increased withdrawal fees instead. Just to fake volume in order to attract more users with the plan to "get hacked"?

because the users had massive balances but were not trading that much. so you just raise the withdrawal fees to get a part of the pie that doesn't belong to you

Paul is a scammer nothing else

tittiecoiner

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Quote from: wooder on January 13, 2016, 10:10:23 AM

Even the mintsy scam was registered by them :
http://domainbigdata.com/mintsy.com
http://domainbigdata.com/mintsy.co

But the cryptsy stuff insisted that they are not connected to mintsy...

This document contains several companies, found there Hashmax LLC which directly leads to Paul and Mintsy.co
http://courtcon.co.palm-beach.fl.us/pls/jiwp/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=502015DR009881XXXXSB&begin_date=&end_date=

So it's hard to deny.

Just my opinon: Cryptsy always had some trouble, mostly technical issues. But I think the bullshit started when Vern became greedy, like getting a part of the Cloud Mining pie with Mintsy, Paycoin. I'm still not sure why they removed trading fees but increased withdrawal fees instead. Just to fake volume in order to attract more users with the plan to "get hacked"?

wooder

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Quote from: tittiecoiner on January 13, 2016, 10:22:17 AM

Quote from: wooder on January 13, 2016, 10:10:23 AM

Quote from: tittiecoiner on January 13, 2016, 10:01:27 AM

Wouldn't it be stupid to run another site with the same design and probably bugs in the code? I mean, who knows, but it wouldn't make sense.

at least the domain is registered by projectinvestors which is Cryptsy

see http://domainbigdata.com/cryptsy.com
and http://domainbigdata.com/bitebi9.com

Ok, TBH, didn't check that.

Quote from: wooder on January 13, 2016, 10:10:23 AM

It is stupid to run a site that allows no withdrawals but still accepts deposits

It depends on the poin of view, guess you know what I mean Wink

Just collect funds, report about "technical issues", let users deposit more and wait for a "hacker attack" which caused a loss of user funds. Was a usual business model in 2015's crypto world.

Even if they really got hacked. They are dealing with problems like braindead people and taking money although you know you will never give it back is crime and they just hacked the mail servers no word of any funds missing by now (which is my bet, they don't own all userfunds anymore)

tittiecoiner

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Quote from: wooder on January 13, 2016, 10:10:23 AM

Quote from: tittiecoiner on January 13, 2016, 10:01:27 AM

Wouldn't it be stupid to run another site with the same design and probably bugs in the code? I mean, who knows, but it wouldn't make sense.

at least the domain is registered by projectinvestors which is Cryptsy

see http://domainbigdata.com/cryptsy.com
and http://domainbigdata.com/bitebi9.com

Ok, TBH, didn't check that.

Quote from: wooder on January 13, 2016, 10:10:23 AM

It is stupid to run a site that allows no withdrawals but still accepts deposits

It depends on the poin of view, guess you know what I mean Wink

Just collect funds, report about "technical issues", let users deposit more and wait for a "hacker attack" which caused a loss of user funds. Was a usual business model in 2015's crypto world.

wooder

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Quote from: tittiecoiner on January 13, 2016, 10:01:27 AM

Quote from: wooder on January 13, 2016, 09:57:54 AM

i bet with you that bitebi9.com is run by Cryptsy (BigVern) maybe they use a chinese sock puppet to get the "ownership problem" solved.

Everything fits, BigVern is in China and if he would just have sold the website there would be no reason to be there.
And who would buy a site like cryptsy? the trading engine sometimes leads to impossible market states like the first buy is higher then the first sell.
And even after months of withdrawal problems they told the people that the new withdrawal system is so complicated that they need more time to understand it, which means they developed something that they don't even understand (but i guess this excuse was just used to get more time ripping off customers that were still allowed to deposit)

bitebi9.com even mentioned Cryptsy multiple times, like on the coins sponsors page (they fixed this by now) but a picture showing this, was posted some time ago in this thread

Wouldn't it be stupid to run another site with the same design and probably bugs in the code? I mean, who knows, but it wouldn't make sense.

at least the domain is registered by projectinvestors which is Cryptsy

see http://domainbigdata.com/cryptsy.com
and http://domainbigdata.com/bitebi9.com

It is stupid to run a site that allows no withdrawals but still accepts deposits

Even the mintsy scam was registered by them :
http://domainbigdata.com/mintsy.com
http://domainbigdata.com/mintsy.co

But the cryptsy stuff insisted that they are not connected to mintsy...

Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 347. (Read 1007075 times)