CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 77.

BagHolder010

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Quote from: TheTommyD on June 05, 2017, 11:39:31 AM

Quote from: spamsucks on June 05, 2017, 10:48:48 AM

Quote from: Minimaxa on June 05, 2017, 02:36:43 AM

And coinbase where do they stand they laundered stolen money? Hasn't that been proven already? Why can't we as a collective file a suit with them? They seem to be rolling in cash lately, with any bad publicity they might even settle?

The magic of the US legal system... you can sue them anytime you are ready for anything you want. Finding a lawyer to take the case without wanting to get paid up front.. thats the trick

"The Settlement resolves all claims asserted against the Settling Defendants in the Class Action, thereby providing partial relief to the Class Members while the Class Representatives and the Receiver continue to pursue their claims against non-party Coinbase, Inc. – against whom they have recently filed suit. See Leidel et al., v. Coinbase, Inc., United States District Court for the Southern District of Florida, Case No. 9:16-cv-81992-KAM. As this Settlement and its release specifically excludes Vernon, Plaintiffs intend to move for the entry of a final judgment against him, and may continue to pursue Vernon should additional evidence become available as to his whereabouts and the monies he stole from the Class."

http://law.justia.com/cases/federal/district-courts/florida/flsdce/9:2016cv81992/497843/36/

Does that mean if Vernon comes back to the US in lets say 5 years we might get our coins back?

Also how much coinbase took?

TheTommyD

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Quote from: spamsucks on June 05, 2017, 10:48:48 AM

Quote from: Minimaxa on June 05, 2017, 02:36:43 AM

And coinbase where do they stand they laundered stolen money? Hasn't that been proven already? Why can't we as a collective file a suit with them? They seem to be rolling in cash lately, with any bad publicity they might even settle?

The magic of the US legal system... you can sue them anytime you are ready for anything you want. Finding a lawyer to take the case without wanting to get paid up front.. thats the trick

"The Settlement resolves all claims asserted against the Settling Defendants in the Class Action, thereby providing partial relief to the Class Members while the Class Representatives and the Receiver continue to pursue their claims against non-party Coinbase, Inc. – against whom they have recently filed suit. See Leidel et al., v. Coinbase, Inc., United States District Court for the Southern District of Florida, Case No. 9:16-cv-81992-KAM. As this Settlement and its release specifically excludes Vernon, Plaintiffs intend to move for the entry of a final judgment against him, and may continue to pursue Vernon should additional evidence become available as to his whereabouts and the monies he stole from the Class."

http://law.justia.com/cases/federal/district-courts/florida/flsdce/9:2016cv81992/497843/36/

spamsucks

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Quote from: Minimaxa on June 05, 2017, 02:36:43 AM

And coinbase where do they stand they laundered stolen money? Hasn't that been proven already? Why can't we as a collective file a suit with them? They seem to be rolling in cash lately, with any bad publicity they might even settle?

The magic of the US legal system... you can sue them anytime you are ready for anything you want. Finding a lawyer to take the case without wanting to get paid up front.. thats the trick

Minimaxa

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And coinbase where do they stand they laundered stolen money? Hasn't that been proven already? Why can't we as a collective file a suit with them? They seem to be rolling in cash lately, with any bad publicity they might even settle?

Spoetnik

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FUD Philanthropist™

Whether we believe his story or not doesn't matter.
Him and his wife spent YOUR money .

spamsucks

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Quote from: dunja22 on June 03, 2017, 02:16:10 AM

so there is still btc coming in the cryptsy wallets?

Sorry Can Someone explain. Why Did he run With only 3 million, if the Exchange was stil operatief today it wod be worth 100s of millions

And why is he so dumb to delete all the servers

He could not have predicted that BTC would go this high, and I assume he thought the ex wife would get a chunk if he did everything legit.
He deleted the servers in an effort to keep anyone from finding out how far this actually went.

Or... he didnt. A former craptsy employee could just have easily wiped the servers to keep the general public from knowing the level of knowledge they had about the loss. If it was on the servers that the employees knew about the "theft" then there could be criminal liability...

Or it could have been the hacker that caused all this in the first place... if you believe thats what happened.

In reality Vern had very little reason to care what was on the servers... he ran away to china and was never gonna come back, so nothing on them mattered to him at all. He (mostly) screwed his ex wife by giving her stuff bought with money stolen from the users, and he has / will have no repercussions for any of it.

So to recap:

All data destroyed to cover something up. You get to guess as to what it might be.
Vern gets to live his life in China, and just wont ever come back here
Employees move on to other ~~rip off scams~~ jobs in the industry
they also got to keep the money they were paid that was stolen from the users. (if they knew it was stolen of not)
Vern wife got to keep $250k of the stolen money.

dunja22

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so there is still btc coming in the cryptsy wallets?

Sorry Can Someone explain. Why Did he run With only 3 million, if the Exchange was stil operatief today it wod be worth 100s of millions

And why is he so dumb to delete all the servers

fakecryptsynagger

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Quote from: Gleb Gamow on June 02, 2017, 11:40:14 PM

This is odd!

https://www.walletexplorer.com/wallet/Cryptsy.com

https://www.walletexplorer.com/wallet/Cryptsy.com-old

(Today
8.12190025 Bitcoin equals
20105.76 US Dollar value )

Gleb Gamow

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This is odd!

https://www.walletexplorer.com/wallet/Cryptsy.com

https://www.walletexplorer.com/wallet/Cryptsy.com-old

TheTommyD

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Quote from: killera124 on June 02, 2017, 06:08:25 PM

Wait, how are we supposed to know who's rejected? I read that they will get back to you only if you need to provide additional info.

I don't know. There was nothing in the last Court Document.

killera124

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Wait, how are we supposed to know who's rejected? I read that they will get back to you only if you need to provide additional info.

TheTommyD

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They are definitely settling at the value at the moment of closure. The case was put into court in that manor and the only people to blame are those that let it happen. Class action or not, if you are not being represented in the manner that you feel you should be during a court case that you are involved in, then it is your duty to step forward and state that fact for the courts.
[/quote]

Except it wasn't the Moment of Closure. I Traded into January and doubled my Holdings.

Like an above post by Gleb. People cashed out at a huge premium after The Date.

Maybe the Solicitors don't care. They get their 33%

1,683 people submitted claims as of the May 17, 2017 claim deadline.

They did not say how many were Rejected.

BitcoinsGreat

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Quote from: dunja22 on June 02, 2017, 01:58:04 PM

off course now it says we only get the value of our account from 2 years ago, if we get any, this lawsuit is totally worthless

so what was that guy from MT.Gox saying, he could almost pay everyone back? so paying back in meaning, the value from back then, the criminals only get better from this.

they don't even have a plan.

by the way all servers were deleted right? so that means there is nothing. and no ex employee or anyone knows anything.

we could all have been millionaires, even bigvern, but he chose the fastest way to the milliones.

They are definitely settling at the value at the moment of closure. The case was put into court in that manor and the only people to blame are those that let it happen. Class action or not, if you are not being represented in the manner that you feel you should be during a court case that you are involved in, then it is your duty to step forward and state that fact for the courts.

LukeRocksALot

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Any news on the settlement today?

dunja22

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off course now it says we only get the value of our account from 2 years ago, if we get any, this lawsuit is totally worthless

so what was that guy from MT.Gox saying, he could almost pay everyone back? so paying back in meaning, the value from back then, the criminals only get better from this.

they don't even have a plan.

by the way all servers were deleted right? so that means there is nothing. and no ex employee or anyone knows anything.

we could all have been millionaires, even bigvern, but he chose the fastest way to the milliones.

Gleb Gamow

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Quote from: RoomBot on June 02, 2017, 11:39:09 AM

Quote from: BagHolder010 on June 02, 2017, 06:31:13 AM

Lets see this from a different view please.

Vernon run away and loling at this
Cyrptsy workers loling at this because there is nothing against them
Vernon's Ex-wife took 250k and loling at this
Lawyers taking 33.33% and loling at this
We look at this and get scraps crying at this
?

All true except for maybe the jilted wife who lost her mansion and husband, and now has to raise Perv's kids alone...

Since when did a non-ugly Asian women still capable of spreading her legs start fearing about raising her kids alone?

Quasi-successful Dude staring at a quarter of a million dollars in Asian chick's bank account: I can eat that! Hell, I might even fuck the kids since they're not biologically mine, probably an easy task to accomplish given that their real dad was a perv. Hell, I'm welling to bet that the Asian chick will sit back and watch while she plays with her toys set on high. Life is good!

RoomBot

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Quote from: BagHolder010 on June 02, 2017, 06:31:13 AM

Lets see this from a different view please.

Vernon run away and loling at this
Cyrptsy workers loling at this because there is nothing against them
Vernon's Ex-wife took 250k and loling at this
Lawyers taking 33.33% and loling at this
We look at this and get scraps crying at this
?

All true except for maybe the jilted wife who lost her mansion and husband, and now has to raise Perv's kids alone...

spamsucks

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Activity: 306

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Quote from: BagHolder010 on June 02, 2017, 06:31:13 AM

Lets see this from a different view please.

Vernon run away and loling at this
Cyrptsy workers loling at this because there is nothing against them
Vernon's Ex-wife took 250k and loling at this
Lawyers taking 33.33% and loling at this
We look at this and get scraps crying at this

and the most typed word in these 13 pages is THIS IS FAIR THIS FAIR THIS IS FAIR

"Importantly, had the value of cryptocurrency gone the other way, deceasing in value, the
current objections be without support. And, in such event, and if the valuation date had been the
current date, as the Objectors propose, then Class Members might have objected because the
Settlement did not lock in the perceived value of the cryptocurrency as of the date Cryptsy shut
down and before the market went south."

No! just NO if it went south the number of claimants would go from 1687 to 16 ONLY because it won't be worth the hassle but IT WENT UP, if my grand grad grandfather 300 years ago bought a land with 2 CENTS if it's mine now would I sell you my land for 2 cents or 1,000,000 ?

Agreed about the people laughing all the way to the bank... As the cryptsy employees received paychecks consisting entirely of stolen funds... but that isnt the issue here...

When you look at the argument thats being made, the point is this:

No matter what the currency WOULD be worth now, the funds are set. For example:

100 dollars is all that's left to take from the remains of craptsy.
100 people have an equal claim to the money (I know this isn't correct as some people had .2 and others had 2 BTC but for math sake... bear with me)
Each person has 1 share (or the fraction of a share as explained above)

1 share = 1 dollar

If you think your 1 share is worth more than the 1 dollar offered, where should they get it from?
Each share cannot be worth more than whats left. you cannot claim that your share should be worth 5 dollars because the value of the stolen goods is higher now.

If you don't agree with the settlement, you are free to sue Vern, and I am sure you would win. But you will never collect anything.

The goods are gone. There is no place to get more money from. The funds are going to get split evenly by the amount held at the time of closing. If there is a more fair way to do it, let us all know.
Yes, the lawyers are gonna take a cut. 30% it looks like. but whatever left over will be split up based on what you had.

BagHolder010

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Lets see this from a different view please.

Vernon run away and loling at this
Cyrptsy workers loling at this because there is nothing against them
Vernon's Ex-wife took 250k and loling at this
Lawyers taking 33.33% and loling at this
We look at this and get scraps crying at this

and the most typed word in these 13 pages is THIS IS FAIR THIS FAIR THIS IS FAIR

"Importantly, had the value of cryptocurrency gone the other way, deceasing in value, the
current objections be without support. And, in such event, and if the valuation date had been the
current date, as the Objectors propose, then Class Members might have objected because the
Settlement did not lock in the perceived value of the cryptocurrency as of the date Cryptsy shut
down and before the market went south."

No! just NO if it went south the number of claimants would go from 1687 to 16 ONLY because it won't be worth the hassle but IT WENT UP, if my grand grad grandfather 300 years ago bought a land with 2 CENTS if it's mine now would I sell you my land for 2 cents or 1,000,000 ?

spamsucks

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Activity: 306

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Quote from: Gleb Gamow on June 01, 2017, 06:21:16 PM

Quote from: TheTommyD on June 01, 2017, 01:59:07 PM

1,683 people submitted claims as of the May 17, 2017 claim deadline.

"The price of Bitcoin on November 1, 2015 was approximately $330.00 per Bitcoin. On May 24, 2017, the price of Bitcoin was approximately $2,943.00 per Bitcoin. While it is understandable that Cryptsy users would like to enjoy the benefit of that staggering increase, the Cryptsy Defendants, and not this Settlement, has precluded them from doing so. In the context of this Settlement, the valuation date is of no moment because, as explained earlier, the value of the claims exceeds the available Settlement Funds, whether using a valuation date in November 2015 or May 2017 and, therefore, either valuation date will yield the same result. In other words, the pro rata distribution will be the same based on the type and amount of cryptocurrency held regardless of the valuation date employed.
Moreover, the Settlement provides a fair and reasonable valuation method and corresponding date. The valuation method recognizes what a recognized loss amount should have been when Cryptsy stopped servicing clients. On November 1, 2015, Cryptsy effectively stopped allowing users to buy, sell, or trade cryptocurrencies. Therefore, Class Members are being treated equally for where their portfolios stood on that day. This valuation is not intended to be an estimate of, nor indicative of, the amount that Class Members might have been able to recover after a trial. The proposed valuation plan was designed to fairly and rationally allocate the net settlement proceeds across the universe of cryptocurrencies traded at Cryptsy, not act as an insurer as to the price fluctuation of any one particular cryptocurrency."

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

Correct me if I wrong, but isn't it on record that myriad users of Cryptsy were indeed able to liquidate their positions via the help of staff on chat after Nov 1, 2015?

I dont know if it counts. You had to be blowing one of the staff and telling everyone that there was no problem before you would be able to sell... so in all senses that "handjob crew" was working for it. Guss you can call it payment for some service rendered... you know who you are.

Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 77. (Read 1006931 times)