Author

Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 451. (Read 1007121 times)

legendary
Activity: 910
Merit: 1000
Does anybody know what is the deal with this chinese Cryptsy clone site?? WTH I call shenanigans!
hero member
Activity: 826
Merit: 1001
@Bit_John
Bitjohn i am happy you came by to talk to us but i was hoping for a far less evasive answer Sad

I am a man of context though so i can't envision you coming here to bad mouth Cryptsy all things considered.
But one could take what you said with a hint of sorts almost.
BitJohn YOU speak in riddles aahhaha

I wouldn't tell my friends / family to get into Altcoin stuff either.
I had them ask looong ago and i basically said just "Google it" LOL

Well the topic ?
I don't see much point in prying for an answer i know i will not get.. BUT !
I had an interesting thought just now (for you BitJohn)

BitJohn have you entertained the possibility your former employer *may" go full Gox on us ?
Because i think the other guys (staff) seem to think that is outside the realm of possibility.
Like have you thought it *could happen and how you would handle it ?
If he (BigVern) did i bet it would ramp up heat on you as being a long time Cryptsy employee.
So have you considered how you would react if that occurred ?
Maybe you already have and already know and already thought of that and we're seeing it now ?

I have said i never thought Mark from MTgox planned on screwing anyone around.
I firmly believe he painted himself into a corner and was eventually partially insolvent and had to make a move.
What he *chose* to do is close the site and run off with the Bitcoin..
Then later get his lawyer to say he found 150k in his couch. (he really did say that and it was on a USB drive)
And to be honest i might do the same in Mark's shoes..
It's tough to sit on such huge amounts of money and say you would not want to keep it LOL

Actually i am pretty sure i would do what Mark did.. i think i WOULD take the coins to be totally honest guys.

I probably would justify it in my head with a sense of self entitlement for all my years of hard work..
I would consider it my Crypto-Gold Watch and retirement bonus ROFL
How many guys would walk away with millions in Bitcoin if you knew you could get way with it ?

And Mark did.. last i seen of him was on a Coindesk News story..
That was about Mark Tweeting on the beach with a martinee posting about the beautiful sunset.
Mark from Gox rode into the sunset flush with Bitcoin and a martinee in each hand and a grin on his face !

Ever seen The Shaw Shank Redemption Guys ?

Mark is waiting for Paul on the beach RIGHT NOW !

I do not think Cryptsy would intentionally take run steal any ones money. I have said this before though people think there are grand conspiracy. At one point there were about 50 some employees to hard to keep secrets like that in a large organization. If it was happening or is it is well hidden.
hero member
Activity: 826
Merit: 1001
@Bit_John
https://www.cryptsy.com/drawings



Hey, BitJohn, is the above legal?

Probably only because its nearly impossible to define exactly what it is... Points are a reward program so you get them free or buy them from someone else right? Then you can win. If anything its in the same category as fantasy football weekly winner shit. Worst case they get told not to do it anymore.
hero member
Activity: 700
Merit: 500
I see that mintsy linked is in your twitter account still (perhaps you should fix that BitJohn  Roll Eyes ). I still wonder what happened to that venture, If I remember correctly the hashrate providers backed out of the deal but what were your actions after that? Did you try to pursue them legally? It felt like customers were duped out of their money and you did little to accommodate. I had money there, but I now consider it long gone. OFC I wouldn't mind having it back but right now I just thought it was a good chance to ask you about mintsy in general.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
Bitjohn i am happy you came by to talk to us but i was hoping for a far less evasive answer Sad

I am a man of context though so i can't envision you coming here to bad mouth Cryptsy all things considered.
But one could take what you said with a hint of sorts almost.
BitJohn YOU speak in riddles aahhaha

I wouldn't tell my friends / family to get into Altcoin stuff either.
I had them ask looong ago and i basically said just "Google it" LOL

Well the topic ?
I don't see much point in prying for an answer i know i will not get.. BUT !
I had an interesting thought just now (for you BitJohn)

BitJohn have you entertained the possibility your former employer *may" go full Gox on us ?
Because i think the other guys (staff) seem to think that is outside the realm of possibility.
Like have you thought it *could happen and how you would handle it ?
If he (BigVern) did i bet it would ramp up heat on you as being a long time Cryptsy employee.
So have you considered how you would react if that occurred ?
Maybe you already have and already know and already thought of that and we're seeing it now ?

I have said i never thought Mark from MTgox planned on screwing anyone around.
I firmly believe he painted himself into a corner and was eventually partially insolvent and had to make a move.
What he *chose* to do is close the site and run off with the Bitcoin..
Then later get his lawyer to say he found 150k in his couch. (he really did say that and it was on a USB drive)
And to be honest i might do the same in Mark's shoes..
It's tough to sit on such huge amounts of money and say you would not want to keep it LOL

Actually i am pretty sure i would do what Mark did.. i think i WOULD take the coins to be totally honest guys.

I probably would justify it in my head with a sense of self entitlement for all my years of hard work..
I would consider it my Crypto-Gold Watch and retirement bonus ROFL
How many guys would walk away with millions in Bitcoin if you knew you could get way with it ?

And Mark did.. last i seen of him was on a Coindesk News story..
That was about Mark Tweeting on the beach with a martinee posting about the beautiful sunset.
Mark from Gox rode into the sunset flush with Bitcoin and a martinee in each hand and a grin on his face !

Ever seen The Shaw Shank Redemption Guys ?

Mark is waiting for Paul on the beach RIGHT NOW !
vip
Activity: 1428
Merit: 1145
http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0800-0899/0849/0849.html

Quote
849.09 Lottery prohibited; exceptions.—
(1) It is unlawful for any person in this state to:
(a) Set up, promote, or conduct any lottery for money or for anything of value;
(b) Dispose of any money or other property of any kind whatsoever by means of any lottery;
(c) Conduct any lottery drawing for the distribution of a prize or prizes by lot or chance, or advertise any such lottery scheme or device in any newspaper or by circulars, posters, pamphlets, radio, telegraph, telephone, or otherwise;
(d) Aid or assist in the setting up, promoting, or conducting of any lottery or lottery drawing, whether by writing, printing, or in any other manner whatsoever, or be interested in or connected in any way with any lottery or lottery drawing;
(e) Attempt to operate, conduct, or advertise any lottery scheme or device;
(f) Have in her or his possession any lottery wheel, implement, or device whatsoever for conducting any lottery or scheme for the disposal by lot or chance of anything of value;
(g) Sell, offer for sale, or transmit, in person or by mail or in any other manner whatsoever, any lottery ticket, coupon, or share, or any share in or fractional part of any lottery ticket, coupon, or share, whether such ticket, coupon, or share represents an interest in a live lottery not yet played or whether it represents, or has represented, an interest in a lottery that has already been played;
(h) Have in her or his possession any lottery ticket, or any evidence of any share or right in any lottery ticket, or in any lottery scheme or device, whether such ticket or evidence of share or right represents an interest in a live lottery not yet played or whether it represents, or has represented, an interest in a lottery that has already been played;
(i) Aid or assist in the sale, disposal, or procurement of any lottery ticket, coupon, or share, or any right to any drawing in a lottery;
(j) Have in her or his possession any lottery advertisement, circular, poster, or pamphlet, or any list or schedule of any lottery prizes, gifts, or drawings; or
(k) Have in her or his possession any so-called “run down sheets,” tally sheets, or other papers, records, instruments, or paraphernalia designed for use, either directly or indirectly, in, or in connection with, the violation of the laws of this state prohibiting lotteries and gambling.

LOCK THIS MOTHERFUCKIN' THREAD! Seriously, anybody with half a brain can clearly see that Paul Vernon's (BigVern) Cryptsy is legally operating a lottery alongside his legit cryptocurrency exchange.

/s

 Pretty sure theres a big difference between a "lottery" and a raffle

Quote
(7) Any organization that engages in any act or practice in violation of this section commits a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083. Any organization or other person who sells or offers for sale in this state a ticket or entry blank for a raffle or other drawing by chance, without complying with the requirements of paragraph (3)(d), commits a misdemeanor of the second degree, punishable by fine only as provided in s. 775.083.
legendary
Activity: 1632
Merit: 1010
http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0800-0899/0849/0849.html

Quote
849.09 Lottery prohibited; exceptions.—
(1) It is unlawful for any person in this state to:
(a) Set up, promote, or conduct any lottery for money or for anything of value;
(b) Dispose of any money or other property of any kind whatsoever by means of any lottery;
(c) Conduct any lottery drawing for the distribution of a prize or prizes by lot or chance, or advertise any such lottery scheme or device in any newspaper or by circulars, posters, pamphlets, radio, telegraph, telephone, or otherwise;
(d) Aid or assist in the setting up, promoting, or conducting of any lottery or lottery drawing, whether by writing, printing, or in any other manner whatsoever, or be interested in or connected in any way with any lottery or lottery drawing;
(e) Attempt to operate, conduct, or advertise any lottery scheme or device;
(f) Have in her or his possession any lottery wheel, implement, or device whatsoever for conducting any lottery or scheme for the disposal by lot or chance of anything of value;
(g) Sell, offer for sale, or transmit, in person or by mail or in any other manner whatsoever, any lottery ticket, coupon, or share, or any share in or fractional part of any lottery ticket, coupon, or share, whether such ticket, coupon, or share represents an interest in a live lottery not yet played or whether it represents, or has represented, an interest in a lottery that has already been played;
(h) Have in her or his possession any lottery ticket, or any evidence of any share or right in any lottery ticket, or in any lottery scheme or device, whether such ticket or evidence of share or right represents an interest in a live lottery not yet played or whether it represents, or has represented, an interest in a lottery that has already been played;
(i) Aid or assist in the sale, disposal, or procurement of any lottery ticket, coupon, or share, or any right to any drawing in a lottery;
(j) Have in her or his possession any lottery advertisement, circular, poster, or pamphlet, or any list or schedule of any lottery prizes, gifts, or drawings; or
(k) Have in her or his possession any so-called “run down sheets,” tally sheets, or other papers, records, instruments, or paraphernalia designed for use, either directly or indirectly, in, or in connection with, the violation of the laws of this state prohibiting lotteries and gambling.

LOCK THIS MOTHERFUCKIN' THREAD! Seriously, anybody with half a brain can clearly see that Paul Vernon's (BigVern) Cryptsy is legally operating a lottery alongside his legit cryptocurrency exchange.

/s

 Pretty sure theres a big difference between a "lottery" and a raffle
vip
Activity: 1428
Merit: 1145
hero member
Activity: 826
Merit: 1001
@Bit_John
Thanks for letting us know what you think BitJohn.
I was pretty damn surprised to see you chime in.
But as you can see i quoted you before to be fair here to people.
I didn't post that to be a dick but rather *try and help explain maybe why that happens.
So yeah i was trying to be nice LOL Wink

BitJohn do you have any thoughts why so many people may be complaining right now ?
Any complaint i have with Cryptsy was 1 year+ ago..
But a LOT of guys are bitching and moaning something really doesn't seem right BJ.
I am not saying that to be a dick nor to try and jump on you about the issues BitJohn (I'm sure Gleb has that covered LOL)
And i know if you left you may have to watch what you say.. but figured i'd give it a shot and ask.

BitJohn would you advise people to continue using Cryptsy ?

Honestly I'm pretty done with altcoins and crypto altogether probably keep tabs on Bitcoin. But the banking and government regulation is just killing the fun in it all. So Id tell anyone I knew not to get into crypto if that answers your question haha.

I think Polo, Bittrex and Cryptsy will get crushed by regulation and get run out of the scene by the Geminis of the world (banks).
hero member
Activity: 798
Merit: 531
Crypto is King.
BitJohn, I know you don't work there anymore; Maybe though, you have a clue why the ETH wallet is making TXID's for withdrawals yet they aren't showing up on the blockchain?

Custom integration, and bugs. Keep poking at them it'll get fixed.
Thanks. I have faith they'll get it sorted for everyone. I would just rather have my ETH right now so I could convert to BTCitcoin on another exchange. Cheesy This next pump is going to be Godlike.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
Thanks for letting us know what you think BitJohn.
I was pretty damn surprised to see you chime in.
But as you can see i quoted you before to be fair here to people.
I didn't post that to be a dick but rather *try and help explain maybe why that happens.
So yeah i was trying to be nice LOL Wink

BitJohn do you have any thoughts why so many people may be complaining right now ?
Any complaint i have with Cryptsy was 1 year+ ago..
But a LOT of guys are bitching and moaning something really doesn't seem right BJ.
I am not saying that to be a dick nor to try and jump on you about the issues BitJohn (I'm sure Gleb has that covered LOL)
And i know if you left you may have to watch what you say.. but figured i'd give it a shot and ask.

BitJohn would you advise people to continue using Cryptsy ?
hero member
Activity: 826
Merit: 1001
@Bit_John
BitJohn, I know you don't work there anymore; Maybe though, you have a clue why the ETH wallet is making TXID's for withdrawals yet they aren't showing up on the blockchain?

Custom integration, and bugs. Keep poking at them it'll get fixed.
hero member
Activity: 798
Merit: 531
Crypto is King.
BitJohn, I know you don't work there anymore; Maybe though, you have a clue why the ETH wallet is making TXID's for withdrawals yet they aren't showing up on the blockchain?
hero member
Activity: 826
Merit: 1001
@Bit_John
I noticed this reply late from BitJohn.. it's interesting !
It's about partial withdrawals i think.. CHECK IT OUT GUYS

"What exactly is the withdrawal issue?"

I cannot verify what others have experienced, only myself.  For many of the alt coins there have been withdrawal problems over the last year.  Let's say you put in a withdrawal for 100k FLO.  It would show up as 100k pending.  Then you'd refresh and it would show 50k.  Then 25k.  This happened to me many times, this halving of the number requested.  Then some time around the first of this month it got REALLY bad.  All BTC and LTC withdraws would go straight to pending and be forever "stuck".  A request to cancel the withdrawal would be immediately followed if requested.  A lot people were converting to DOGE to withdraw and then DOGE withdraws started locking up.  Obviously people who arb coins would be the first to notice as their accounts will sometimes get out of balance and have to re-balanced by having to withdraw coin from exchange to exchange.



What your describing is what the programming does to mitigate wallet issues with too many inputs. So you make a withdraw the RPC request hangs. It cuts it in half and tries again (less inputs). It will continue to do that until the RPC call is successful.


So i am wondering is this their explanation why you take out a small amount of say Vertcoins and it works
but if you take out a large amount it fails ?

Tell me what you all think and Cryptsy guys feel free to chime in i promise to be nice Wink
Ok well not JShock though..i don't like him he's a douche ROFL
And i say that on behalf of every guy who has gotten a ban from him since DEC 2013  Cool

You can replicate the split withdraw thing on any wallet. Make a coin solo mine the crap out of it into your wallet try sending a large chunk of it to another wallet. The wallet will likely hang due to too many inputs. Long ago some code was added that essentially decided if the output wont send to try again splitting the withdraw amount, and it will repeat until coins are sent. Was not really an issue until the new fees system they put in.

Now what really should be done is the process will repeat itself until the entire withdraw is fulfilled while charging the correct amount.....
legendary
Activity: 910
Merit: 1000
I noticed this reply late from BitJohn.. it's interesting !
It's about partial withdrawals i think.. CHECK IT OUT GUYS

"What exactly is the withdrawal issue?"

I cannot verify what others have experienced, only myself.  For many of the alt coins there have been withdrawal problems over the last year.  Let's say you put in a withdrawal for 100k FLO.  It would show up as 100k pending.  Then you'd refresh and it would show 50k.  Then 25k.  This happened to me many times, this halving of the number requested.  Then some time around the first of this month it got REALLY bad.  All BTC and LTC withdraws would go straight to pending and be forever "stuck".  A request to cancel the withdrawal would be immediately followed if requested.  A lot people were converting to DOGE to withdraw and then DOGE withdraws started locking up.  Obviously people who arb coins would be the first to notice as their accounts will sometimes get out of balance and have to re-balanced by having to withdraw coin from exchange to exchange.



What your describing is what the programming does to mitigate wallet issues with too many inputs. So you make a withdraw the RPC request hangs. It cuts it in half and tries again (less inputs). It will continue to do that until the RPC call is successful.


So i am wondering is this their explanation why you take out a small amount of say Vertcoins and it works
but if you take out a large amount it fails ?

Tell me what you all think and Cryptsy guys feel free to chime in i promise to be nice Wink
Ok well not JShock though..i don't like him he's a douche ROFL
And i say that on behalf of every guy who has gotten a ban from him since DEC 2013  Cool
LOLZ you are never "nice". and you are all the better for it.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
I noticed this reply late from BitJohn.. it's interesting !
It's about partial withdrawals i think.. CHECK IT OUT GUYS

"What exactly is the withdrawal issue?"

I cannot verify what others have experienced, only myself.  For many of the alt coins there have been withdrawal problems over the last year.  Let's say you put in a withdrawal for 100k FLO.  It would show up as 100k pending.  Then you'd refresh and it would show 50k.  Then 25k.  This happened to me many times, this halving of the number requested.  Then some time around the first of this month it got REALLY bad.  All BTC and LTC withdraws would go straight to pending and be forever "stuck".  A request to cancel the withdrawal would be immediately followed if requested.  A lot people were converting to DOGE to withdraw and then DOGE withdraws started locking up.  Obviously people who arb coins would be the first to notice as their accounts will sometimes get out of balance and have to re-balanced by having to withdraw coin from exchange to exchange.



What your describing is what the programming does to mitigate wallet issues with too many inputs. So you make a withdraw the RPC request hangs. It cuts it in half and tries again (less inputs). It will continue to do that until the RPC call is successful.


So i am wondering is this their explanation why you take out a small amount of say Vertcoins and it works
but if you take out a large amount it fails ?

Tell me what you all think and Cryptsy guys feel free to chime in i promise to be nice Wink
Ok well not JShock though..i don't like him he's a douche ROFL
And i say that on behalf of every guy who has gotten a ban from him since DEC 2013  Cool
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
ROFL ya they runnin' a god damn charity hahahha i love that angle !

And i have to admit when people put check marks in their posts my ears perk up. (and "it" moves a little)
I am like shit bra this be some official shit up it here !
No shit i am serious there i something about them that stops me dead in my tracks
and think oh snap something be going down right here..
More checkmarks !
Things in list form is cool !
..and i like double dots and exclamation point too Wink
Sometime i get hot & bothered about smiley's too and go nuts using them (or end every sentence with LOL)
Not screwing with you Gleb.. in all seriousness you post well i started copying bits of your forum style hahaha
Such as increasing the font size a bit to highlight things.. that often adds a LOT of clarity to the reader.

Yeah but uhhh Cryptsy.. hmm what can we say ?
I honestly thought that after this topic started getting around they would have fixed up their crap.
But it seems like things are just as bad or maybe even worse overall.

I also think their banning people on Chat routine is 100% unacceptable behavior !
Seems they really ramped that up even though they have a long history of that.
I never seen much of that until JShok stomped his way into Cryptsy.
And that is NOT how you treat your customers.
I hope he ain't being paid a lot to sit on chat banning people..
You could prob find someone willing to do that for free with less attitude LOL

Hey JShock i met this guy right.. his name was MikePark...
He told me your a useless, mouthy, fucking goof. Wink
..and Hey don't blame me.. i am just passing the comment along  Cool
I don't know WHO -that- guy is ROFL

Moral of the story:
Cryptsy never learns !
vip
Activity: 1428
Merit: 1145
http://info.legalzoom.com/state-statute-florida-raffles-charities-25884.html

Quote
Qualifying Nonprofits

As a general matter, raffles, lotteries and other "drawings by chance" are considered a form of gambling and prohibited by law in Florida. This is based on the assumption that money is exchanged for participation in these contests. However, an exception to this rule applies to certain nonprofits that have obtained federal 501(c)(3) status from the Internal Revenue Service. This is a tax exempt designation that is only granted upon written request to the IRS by organizations that further a specific charitable, scientific, educational or religious purpose.

I see my error. Investards are able to fund Cryptsy but are unable to withdraw, ergo Cryptsy's a charity, thus legally can conduct a lottery on their site accepting moneys from around the world with full blessing from the IRS, with its CEO living a in million-dollar-plus home in Florida overseeing the legit lottery.

/s
vip
Activity: 1428
Merit: 1145
http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0800-0899/0849/0849.html

Quote
849.09 Lottery prohibited; exceptions.—
(1) It is unlawful for any person in this state to:
(a) Set up, promote, or conduct any lottery for money or for anything of value;
(b) Dispose of any money or other property of any kind whatsoever by means of any lottery;
(c) Conduct any lottery drawing for the distribution of a prize or prizes by lot or chance, or advertise any such lottery scheme or device in any newspaper or by circulars, posters, pamphlets, radio, telegraph, telephone, or otherwise;
(d) Aid or assist in the setting up, promoting, or conducting of any lottery or lottery drawing, whether by writing, printing, or in any other manner whatsoever, or be interested in or connected in any way with any lottery or lottery drawing;
(e) Attempt to operate, conduct, or advertise any lottery scheme or device;
(f) Have in her or his possession any lottery wheel, implement, or device whatsoever for conducting any lottery or scheme for the disposal by lot or chance of anything of value;
(g) Sell, offer for sale, or transmit, in person or by mail or in any other manner whatsoever, any lottery ticket, coupon, or share, or any share in or fractional part of any lottery ticket, coupon, or share, whether such ticket, coupon, or share represents an interest in a live lottery not yet played or whether it represents, or has represented, an interest in a lottery that has already been played;
(h) Have in her or his possession any lottery ticket, or any evidence of any share or right in any lottery ticket, or in any lottery scheme or device, whether such ticket or evidence of share or right represents an interest in a live lottery not yet played or whether it represents, or has represented, an interest in a lottery that has already been played;
(i) Aid or assist in the sale, disposal, or procurement of any lottery ticket, coupon, or share, or any right to any drawing in a lottery;
(j) Have in her or his possession any lottery advertisement, circular, poster, or pamphlet, or any list or schedule of any lottery prizes, gifts, or drawings; or
(k) Have in her or his possession any so-called “run down sheets,” tally sheets, or other papers, records, instruments, or paraphernalia designed for use, either directly or indirectly, in, or in connection with, the violation of the laws of this state prohibiting lotteries and gambling.

LOCK THIS MOTHERFUCKIN' THREAD! Seriously, anybody with half a brain can clearly see that Paul Vernon's (BigVern) Cryptsy is legally operating a lottery alongside his legit cryptocurrency exchange.

/s
vip
Activity: 1428
Merit: 1145
https://www.cryptsy.com/drawings



This is why I've opted to cease dissing Cryptsy espousing that they're not operating legitimately. Do you Cryptsy naysayers honest believe that a legit cryptocurrency exchange operating inside the US would act nefariously, i.e., conducting a regularly scheduled lottery accepting anonymous, pseudo-anonymous and known moneys from within and across Florida state lines, including moneys from abroad? Seriously, guys, think for one fuckin' minute! You know that in your heart of hearts that no way would BigVern who just purchase an over million-dollar home in Florida back in March of this year would be so Goddamn stupid to pull such a stunt if said activity were indeed illegal.

https://www.cryptsy.com/drawings

/s
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