Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 72. (Read 1007033 times)

After following this thread for a while, I just wanna say that it's just a coincidence that my moniker - Eternal Insolent - is the anagram of Lori Ann Nettles.

Being a former Cryptsy guy I saw quite a bit and most of the time I was employed there I have to say at least the employees I knew were really trying hard to make the best exchange possible for the users.

After following this thread for a while there are a few things I wanted to get off my chest. Never were any of us told there had been a hack where funds were never recovered. Numerous time there were incidents where a few coins got stolen here and there but Paul would usually "get them back" or refund them through his own coffers. Working for the guy you never got the sense he was shady until near the end. Once he started going off to China to start another international venture (remember Cryptsy Canada) and would go out of communication with the rest of us things started getting difficult. Hot wallets would go dry and would require him to fill them back up which was always the norm. He would just typically not get it that low and Mullick would bug him until it got fixed. The thing was it took longer and longer for him to do that. The other thing that never made sense out of all this was Paul had money big house lots of cars beyond his incompetence none of us possibly imagined he could be insolvent. We did imagine that he was a horrible CEO and manager of people. Most of the days it was a struggle to keep the place running no one would make a decision they would just wait on the all might Paul to come and fix stuff that they could not control. After reading the 500 pages of this thread I have made a few observations and theories.

1. The Cryptsy employees did care about the users they were just conned by the same con man. Most of us were not paid very much by the way.
2. I believe Paul embezzled money from the company to fund his personal lifestyle of jet setting to China but I think it was from more than the stolen money that was identified.
3. The incompetence of the thief mirrors some of the incompetence of the CEO meaning whoever it is probably lost the keys to that wallet.
4. Things felt really shady when Marshall Long came on the scene and felt more legit after he left.
5. Jshock after a few years at Cryptsy knew as much about crypto then as he did when it started. Meaning next to nothing. I am also pretty sure he is dead broke and always has been. Basically I do not think he is the mastermind nor profited.
6. Cryptsy at its peak had like 40 employees if there was a conspiracy internally it was well hidden or people would come forward. The employees could only see what Paul let us see on the web gui admin interface. So it always showed balanced or we as employees would try and fix that. That of course does not mean we had access to the wallets only Mullick did and from what I was told he only had access to the ones that Paul let him have access too. Certain ones were "protected from all employees to prevent theft" this actually made sense at the time.

The Class action is only making the lawyers rich probably the worst thing that could have been done. Even more ridiculous is coinbase class action. Efforts I think would be better placed on suing the Bitcoin Foundation and asking them to fork out the stolen millions. There is precedent for that with Ethereum and seems a large enough community to force that issue.

I would be happy to answer other questions that I feel comfortable answering if it helps.

Hey guys.

I want to come forward and say I have absolutely no idea who former cryptsy guy is.

I don't know if they are trolling or legitimately used to work there. I am open to a PM from them to tell me who they were so I can at least verify if they are legit or not.

Also, I appreciate the kind words Gleb. As much as we have butted heads in the past, I respect a lot of what you say. I think some of it is bat shit crazy, but the majority of it is very solid. That being said, which of us isn't a little bit crazy?

I'm really hoping this class action works out for the claimants. I know lawyers are going to take 33%, but at least some people will have some closure. I know it is by no means ideal, but still better than nothing. I'm not sure how many people claimed by the deadline, but I really hope everyone did.

I hadn't checked thread in a while but just read through last couple of pages now.

Any questions I can help with, as always guys, just toss me a PM or message me on here and I will answer anything I can.

Hope you guys are having fun trading with the rise in btc.

Take care,

John aka Horus

The point is we did not know the former employees were left jobless some of us moved to Florida and were super excited to be working in crypto. We are all far to angry to cover up for Vern he destroyed years of our lives. If there was an internal conspiracy it would already have been posted.

No Bitcoin did not fork for GOX but I ask the question why not sue all the major miners etc and force them to fix both problems. It is digital money it can be done and has been done. The problem could be fixed.