I hope Paul Vernon makes a plea bargain with the authorities in the U S of A in which he is allowed to return back "home" to Miami (or where ever) and in return he surrenders the $7m or so that he stole.
Add to that an extra 50% on top of the original losses as a form of compensation so that makes his pay up around $10.5m and finally for him to pick up the legal fees so the lawyers will not eat in to the final fee.
That leaves Paul Vernon with well over $10m and that is enough for him to live in Miami or anywhere else with his ex-wife and his Chinese girlfriend.
Come on Paul Vernon, have some heart...
Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 68. (Read 1006936 times)
June 21, 2017, 03:56:43 PM
June 21, 2017, 03:36:14 PM
They would defend adding some coins by citing "user demand"
It was their go to defense to make money off this crap.
Many times i said would you give your kids candy & cookies for dinner every night ?
So they add them then BLAME YOU GUYS with the "demand" excuse.
They add scammy ass pointless garbage then say oh we had to.. "user demand"
Although all exchanges do that.
So i can see it was either they play along or people go else where.
I said i never envied their jobs.
They would be screwed if you do and screwed if you don't.
But people in key prominent positions share a responsibility to ensure crypto is moving in the right direction.
And Cryptsy was shirking on it's duties for a long time.
Luck7coin ?
Why are they blaming a coin they should never have added ?
Why was the code not vetted ?
Why did the wallet guy mullick run a compiled wallet ?
Simple.. they lied.
It was their go to defense to make money off this crap.
Many times i said would you give your kids candy & cookies for dinner every night ?
So they add them then BLAME YOU GUYS with the "demand" excuse.
They add scammy ass pointless garbage then say oh we had to.. "user demand"
Although all exchanges do that.
So i can see it was either they play along or people go else where.
I said i never envied their jobs.
They would be screwed if you do and screwed if you don't.
But people in key prominent positions share a responsibility to ensure crypto is moving in the right direction.
And Cryptsy was shirking on it's duties for a long time.
Luck7coin ?
Why are they blaming a coin they should never have added ?
Why was the code not vetted ?
Why did the wallet guy mullick run a compiled wallet ?
Simple.. they lied.
June 21, 2017, 09:53:06 AM
The more I read about this the more I feel sorry for the investors. How can Paul Vernon sleep at night knowing what he did?
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
It can be hard feeling sorry for people sometimes though.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
The clients were simply profiteers hoping to get rich off of shitcoins.
Hell even when it was obvious it was a scam, user activity spiked higher.
Because of GREED.
And many of these dumb pieces of shit will get money from the settlement too.
Once people caught on the Doge wallet was getting topped up regularly users were saying it was a way out.
Then people flooded onto it soaring the price.. creating a bottleneck stampede of users trying to exit Cryptsy and scumbags trying to capitalize on the situation by monetizing a sinking ship.
It was like standing at a fire exit in an apartment fire charging people money to leave.
THEN !
Loitering around afterwards for sympathy and settlement money.
When they were just there in the first place to make money off Kitteh Coin and Elephant Coin etc.
But yeah Vern is WORSE hahahha
I am presenting the reality here.
It was all bullshit anyway.. which is why i quit like 2 year earlier with Cryptsy trading.
They lived high on the hog and would simply lie to you.. mouth you off, then ban you.
Cryptsy staffers ego got big !
So i left.. i had no interest in being fed lies when my coins vanished anymore (while trying to arb)
I had enough of that from other places like BTER at the time.
But yeah my point..
Vern is probably thinking these assholes deserved it.
And in a way many of them actually did too.
Sorry but its the truth
Quote
It can be hard feeling sorry for people sometimes though.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
Could not agree more. The writing was on the wall -- ALL OVER THE WALL.
"Craptsy" had a very bad reputation for a LONG time.
They listed one $#!t Coin after another with no regard for customers.
They accepted a "Prime Controller," (totally unethical inflationary keys) from ScamKing Josh Garza
It will be fun to see claimants get hammered for lying -- Next Scam....Coming Soooooon.
Paycoin first exchange hit on cryptsy (q)
Paycoin profit pump /dump conflict to $20 cryptsy bank profit [aka Vern piggy bank control ] (a)
As same luck7coin offer to cyptsy to troll over .
Man shutdown but body did not found
June 21, 2017, 09:41:02 AM
The more I read about this the more I feel sorry for the investors. How can Paul Vernon sleep at night knowing what he did?
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
It can be hard feeling sorry for people sometimes though.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
The clients were simply profiteers hoping to get rich off of shitcoins.
Hell even when it was obvious it was a scam, user activity spiked higher.
Because of GREED.
And many of these dumb pieces of shit will get money from the settlement too.
Once people caught on the Doge wallet was getting topped up regularly users were saying it was a way out.
Then people flooded onto it soaring the price.. creating a bottleneck stampede of users trying to exit Cryptsy and scumbags trying to capitalize on the situation by monetizing a sinking ship.
It was like standing at a fire exit in an apartment fire charging people money to leave.
THEN !
Loitering around afterwards for sympathy and settlement money.
When they were just there in the first place to make money off Kitteh Coin and Elephant Coin etc.
But yeah Vern is WORSE hahahha
I am presenting the reality here.
It was all bullshit anyway.. which is why i quit like 2 year earlier with Cryptsy trading.
They lived high on the hog and would simply lie to you.. mouth you off, then ban you.
Cryptsy staffers ego got big !
So i left.. i had no interest in being fed lies when my coins vanished anymore (while trying to arb)
I had enough of that from other places like BTER at the time.
But yeah my point..
Vern is probably thinking these assholes deserved it.
And in a way many of them actually did too.
Sorry but its the truth
Quote
It can be hard feeling sorry for people sometimes though.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
Could not agree more. The writing was on the wall -- ALL OVER THE WALL.
"Craptsy" had a very bad reputation for a LONG time.
They listed one $#!t Coin after another with no regard for customers.
They accepted a "Prime Controller," (totally unethical inflationary keys) from ScamKing Josh Garza
It will be fun to see claimants get hammered for lying -- Next Scam....Coming Soooooon.
June 21, 2017, 06:58:48 AM
where is that key sentence that lawyers send back to us equivalent of lost cryptos ?
June 21, 2017, 01:52:15 AM
The more I read about this the more I feel sorry for the investors. How can Paul Vernon sleep at night knowing what he did?
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
It can be hard feeling sorry for people sometimes though.
90% of the coins were OBVIOUS pointless garbage traded simply for profits.
The clients were simply profiteers hoping to get rich off of shitcoins.
Hell even when it was obvious it was a scam, user activity spiked higher.
Because of GREED.
And many of these dumb pieces of shit will get money from the settlement too.
Once people caught on the Doge wallet was getting topped up regularly users were saying it was a way out.
Then people flooded onto it soaring the price.. creating a bottleneck stampede of users trying to exit Cryptsy and scumbags trying to capitalize on the situation by monetizing a sinking ship.
It was like standing at a fire exit in an apartment fire charging people money to leave.
THEN !
Loitering around afterwards for sympathy and settlement money.
When they were just there in the first place to make money off Kitteh Coin and Elephant Coin etc.
But yeah Vern is WORSE hahahha
I am presenting the reality here.
It was all bullshit anyway.. which is why i quit like 2 year earlier with Cryptsy trading.
They lived high on the hog and would simply lie to you.. mouth you off, then ban you.
Cryptsy staffers ego got big !
So i left.. i had no interest in being fed lies when my coins vanished anymore (while trying to arb)
I had enough of that from other places like BTER at the time.
But yeah my point..
Vern is probably thinking these assholes deserved it.
And in a way many of them actually did too.
Sorry but its the truth
June 20, 2017, 09:39:24 PM
Even if the servers are deleted if there is any way to prove it
Yes, via photoshopped screenshots and altered emails, and you're golden.
U mean Lyin' Liars lying about other Lyin' Liars??
Exactly, with Leroy Fodor undoubtedly inflating his lost so to at the end the day use the windfall to rebuild the largest bitcoin mining farm in all the Philippines complete with a west-facing solar array on a hot tin roof surrounded on three sides (not the south) by towering trees powering the farm with enough energy left over to run the grocery store, disco, internet cafe, and living quarters in the basement. Patrons visiting Leroy's sorry-as Sari Sari will again be treated with roasted hog cook daily on his piggery served with fresh mangos and coconuts sourced from his organic farm. And, you'll be able to pay for it all with his RateCoin.
June 20, 2017, 08:43:06 PM
Even if the servers are deleted if there is any way to prove it
Yes, via photoshopped screenshots and altered emails, and you're golden.
U mean Lyin' Liars lying about other Lyin' Liars??
June 20, 2017, 05:18:26 PM
Even if the servers are deleted if there is any way to prove it
Yes, via photoshopped screenshots and altered emails, and you're golden.
June 20, 2017, 04:20:55 PM
if there weren't so many bogus claims made due to lawyers letting everybody know that the servers were erased, thus impossible to verify claims.
Oh darn! I wish I had registered in time for the class action. I have emails and such things which can show some transactions. I feel gutted now regardless of whether I got back $0.05 per $100 or anything else because it was still recognition that I was swindled.
I hope that Paul Vernon gets caught pronto - Lord bring him to his senses and allow him to return the stolen property back to its owners.
June 20, 2017, 04:17:39 PM
Even if the servers are deleted if there is any way to prove it
June 20, 2017, 04:07:29 PM
What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%)
In all of the paperwork I have not seen the total amount available.
This settlement leaves open options for going after cryptsy and vern... That makes me happy.
In all of the paperwork I have not seen the total amount available.
This settlement leaves open options for going after cryptsy and vern... That makes me happy.
Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong
The Cryptsy Lawsuit is Over. The Judge issued the Final Order on June 13....Next Coinbase.
It's all in here. This is the Motion Approved by the Judge on June 13, 2017 :
http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Motion-for-Final-Approval-of-Settlements.pdf
Yes, the Lawyers get 33%. I read The House will net around $800,000 after the Realtor fees and costs.
The total is around 1.5 Million, to be split amongst the Lawyers and the Approved Claimants. A little over 1,600 met the Deadline and filed Claims.
They have not stated yet how many were approved.
One note of concern, is the Receiver stated that Just One Claimant's Claim is for more the the Entire Settlements Fund so let's hope that one gets Rejected
http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf
Did I read that right? Since no proof exist, all ~1680 claimants will get an equal share of the available loot minus lawyers fees, equating to ~U$470? Or is the available money doled out according to percentages?
"diminished pro rata recovery"
http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf
Thanks, Tommy. I should've Google "Pro Rata" prior to asking, whereupon I would've easily been brought up to speed. Claimants will be rewarded (what a funny fuckin word in this context) proportionally according to their claim that according to the lawyers' docs CANNOT be verified because the server was successfully 100% erased. Ergo, any Tom, Dick or Harry willing to put in some effort could easily game the system, including the lawyers and receiver.
I remember not too far back when Decred was conducting their airdrop campaign. I came along and demonstrated how their airdrop model could easily be gamed. I was met with discontent and assured that NO WAY IN FUCKIN HELL would gamers bypass their defense mechanisms. I said "Really!" Then I proceeded to create 10 user accounts so to game their system which they said couldn't be gamed. Success! All ten accounts where funded during the airdrop, whereupon I quickly sold off the amassed tokens because ... wait for it ... I knew in my heart that no way in hell they would be worth anything because I'm such a fuckin genius.
Today: https://coinmarketcap.com/currencies/decred/ 
Believe me Bruno, I know the Feeling
I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC
I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016
My Problem, as others have mentioned, is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015
Tommy, I don't know what's crazier - you investing ~U$500 in Ripple at one time in hopes of it going to the moon or that once the smoke clears and the lawyers are paid, you'll receive ~U$7.14 as compensation for your initial ~U$500 lost on Cryptsy, of which you would've received, perhaps, close to U$8.00 if there weren't so many bogus claims made due to lawyers letting everybody know that the servers were erased, thus impossible to verify claims.
Who would've thunk that there'll been an ~U$35K spread on an ~U$500 investment as depicted above made less than two years ago?
June 20, 2017, 03:58:36 PM
We will have some way to recover something that we had in cryspty,
June 20, 2017, 03:42:21 PM
The word conscious and Paul Vernon don't belong in the same sentence or paragraph regardless the context.
True... it remains a sad situation which can be resolved so easily IF the biggest protagonist (Paul Vernon) stepped out of the shadow and apologised to everyone and then paid back the BTC because even after all he spent the value of BTC has rocketed. Whatever he has left can easily pay back everyone he scammed but the man has no concious as you so aptly commented.
EXCELLENT POINT!
Even though it's probably too late, technically it's NOT too late to do the right thing & make thousands of traders whole again.
PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too.
Oh, that would be so jolly good, JollyGood. Hey, maybe Mark Karpeles will also come around and return the over half billion dollars worth of crypto he stole. Or maybe Joshua Zipkin of AMT will turn a new leaf and return the millions he stole. Or maybe Josh Zerlan will return the moneys he indirectly stole from users. Or maybe Josh Garza will return the millions he stole.
Or maybe I'm just joshing you because it makes me feel jolly good.
Or maybe I'm just joshing you because it makes me feel jolly good.
I think it would be karma if Paul Vernon was stung by his Chinese girlfriend and dumped after she took him to the cleaners just like he took us to the cleaners via Cryptsy. I would be so jolly at receiving the good news
I have no idea about these names you mentioned above because I only came back on the crypto forums a few weeks ago after a hiatus. I do feel sorry for all those who were scammed by the people you mentioned.
Yeah, I'm sure that the name Josh Zerlan wouldn't have crossed your radar given that he was only involved in a small-time operation that barely received any news, and most likely that fiasco - if one could refer to it as such - occurred during your hiatus, 2012-present I assume.
Oh, and that Mark Karpeles dude is even lesser known than Josh Zerlan, thus there's no way you could've possibly heard about him or of the woman who committed suicide in Singapore days prior to the collapse of Mark's little company.
June 20, 2017, 03:29:14 PM
Oh, that would be so jolly good, JollyGood. Hey, maybe Mark Karpeles will also come around and return the over half billion dollars worth of crypto he stole. Or maybe Joshua Zipkin of AMT will turn a new leaf and return the millions he stole. Or maybe Josh Zerlan will return the moneys he indirectly stole from users. Or maybe Josh Garza will return the millions he stole.
Or maybe I'm just joshing you because it makes me feel jolly good.
Or maybe I'm just joshing you because it makes me feel jolly good.
I think it would be karma if Paul Vernon was stung by his Chinese girlfriend and dumped after she took him to the cleaners just like he took us to the cleaners via Cryptsy. I would be so jolly at receiving the good news
I have no idea about these names you mentioned above because I only came back on the crypto forums a few weeks ago after a hiatus. I do feel sorry for all those who were scammed by the people you mentioned.
The link you provided at Bithomp shows transaction taking place where millions of XRP are moved around! Paul Vernon got filthy rich by ripping off his own customers.
June 20, 2017, 03:23:38 PM
Believe me Bruno, I know the Feeling I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.
The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC
I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016
My Problem, as others have mentioned, is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015
I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC
I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016
My Problem, as others have mentioned, is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015
I did not register in time for the class action. I wish I could still get my money back but cannot recall specifically how much I had in their wallets.
Did you trace the Cryptsy XRP wallet to see where the XRP have been forwarded to?
Here's it is: https://bithomp.com/explorer/rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN
I get a headache just looking at it, you'd have to be better than I to figure it out.
Too Bad you didn't get a Claim in.
EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex
https://bithomp.com/explorer/r3DFepUwQrswArcpJ5oHpmg984a4K48Nen
And this: https://bithomp.com/explorer/rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN
And this: https://www.google.com/search?q=Activated+by%3A+Cryptsy&rlz=1C1CHBF_enUS727US727&oq=Activated+by%3A+Cryptsy&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8#q=%22Cryptsy%22+%22bithomp.com%22
June 20, 2017, 03:15:56 PM
PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too.
HAHAHAHAHA !!
Well spotted....
But seriously, I hope Paul Vernon has a heart and I hope he has a conscience and I very much hope is concious too
When he scammed everyone what was the value of BTC? Now the value is floating around the $2700 mark. He can easily pay everyone back AND still have a good life with his Chinese female counterpart.
Oh, that would be so jolly good, JollyGood. Hey, maybe Mark Karpeles will also come around and return the over half billion dollars worth of crypto he stole. Or maybe Joshua Zipkin of AMT will turn a new leaf and return the millions he stole. Or maybe Josh Zerlan will return the moneys he indirectly stole from users. Or maybe Josh Garza will return the millions he stole.
Or maybe I'm just joshing you because it makes me feel jolly good.
June 20, 2017, 02:17:51 PM
You guys sad about some unknown coin, what if you were a bagholder of a big coin like Dash...watching it reaching $200 yesterday & I was like
Bitcoin and XRP are not unknown. As for your DASH being stolen, sorry to hear about it.
June 20, 2017, 02:02:45 PM
You guys sad about some unknown coin, what if you were a bagholder of a big coin like Dash...watching it reaching $200 yesterday & I was like
June 20, 2017, 01:50:03 PM
Too Bad you didn't get a Claim in.
EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex
EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex
I feel sorry for you... this must be so hard to take considering the price of XRP has increased so much and so obviously has Bitcoin.
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