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newbie
Activity: 29
Merit: 0
January 15, 2016, 03:19:58 PM
Cryptsy is a diseased pile of crap that should be wiped off this earth.. this exchange will follow MtGox eventually and be brought to justice.

After months and months of fighting with them to give me back my BTC and them accusing me of "intentionally abusing" their system, they liquidated my account and took all my remaining coins which I was forced to leave there and I had hoped would be worth something again one day so I could at least get *some* of my investment back.

So, in short: Double spend bug bought twice the amount of QRK I wanted. Instead of selling immediately, I read people were losing money and decided I'll contact their support so they can sort it and others won't lose coin. It frustratingly took them more than 30 days to respond during which time QRK value dropped significantly. BitJohn said in a IRC chat I should be happy because they "lent" me QRK. I wasn't, I was infuriated because my account was in negative BTC and I couldn't remove the QRK either. So, I gave up and decided to wait. Lo and behold, I logged into my account yesterday and found ALL my QRK was sold on 6 March 2014. I contacted their support asking them WTF was going on, here is their response:

Quote
Hello *******,

You bought more QRK than you had money for. You then left your account inactive , with a negative BTC balance for several months. Your account was liquidated to try to recoup some of our losses after you abused your account.  This is your ledger of your running BTC balance, you can see where you intentionally abused the system.



 It is also your responsibility to check your balances as you trade and to not trade more than you own. Please deposit the BTC your account is negative to bring your account back into good standing.

Thank you,

Horus
Cryptsy Security
www.Cryptsy.com


So, you can say whatever you want about what I should've done, what I could've done better etc but here are the facts:

  • I tried to be a honest trader by logging a ticket rather than selling. If I sold, I would made more profit than I should've.
  • I was worried that if I "cheated" the exchange, I'd have my account closed down for exploitation/hacking
  • I have been repeatedly accused by 3 different staff members saying I "intentionally" tried to cheat the system, even after I've exhaustively explained what happened
  • My initial BTC investment is gone because of a double spend bug in their exchange
  • The QRK I had left behind is now gone too
  • They want me to deposit an additional amount of BTC to bring my account into "good standing"

FACT: Cryptsy will not take responsibility for their bugs, they will assume you exploited their exchange (does not matter how well you explain yourself and reference to logs / evidence), they will hold whatever coin you have and sell it without authorization (they didn't even send me an email advising me they'll be doing it. I had no warning.) to recoup "their" supposed loss. This exchange operates like a criminal enterprise and all off this within the borders of the United States.

Please listen carefully: Cryptsy will be shutdown eventually. Especially once they start taking USD deposits. Make sure your funds are NOT on Cryptsy when this happens. Don't give me the opportunity to say "I told you so, now shut the fuck up."

I haven't logged into Bitcointalk for so long, but felt compelled after I saw an article about Cryptsy wanting to file bankruptcy. And their blog: http://blog.cryptsy.com/

So, just wanted to come here and tell everyone that defended them.. that, well... I TOLD YOU SO. Eat it. Take this failure and learn from. Listen a bit more next time and stop arguing for the sake of arguing.

Hopefully there were at least a few people that listened and got the hell out of this exchange run by criminals. For the rest of you that saw this thread but still continued using them, you deserve every ounce of pain this has caused you.

Here's hoping this goes further and BigVern and his lackeys end up in jail. Too bad BitJohn left before this went down, he was just as useless.
sr. member
Activity: 302
Merit: 250
Never before 11 P.M.
January 08, 2016, 07:32:08 AM
Now it's part of 2016 as well.
legendary
Activity: 1632
Merit: 1010
December 27, 2015, 03:22:30 PM
It's good to see some action some action is be taken.
Extorting your customers with extra high fees, without a redemption period is called theft.

If your customers are unhappy and try tot withdraw their OWN money and you let them wait, you should be in jail


LoL this thread is from 2014
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
December 27, 2015, 02:06:32 PM
It's good to see some action some action is be taken.
Extorting your customers with extra high fees, without a redemption period is called theft.

If your customers are unhappy and try tot withdraw their OWN money and you let them wait, you should be in jail


action taken ?

you bet.. JIM says he's going to be suing many of us talking about them HAHAHHAHAHAHHAHAHAHHAHAHAHHAHHAHA

and cryptostocks.. yeah no shit i bailed on that after 1 day.. would have gotten me a 180 day ROI (if they paid on time)
and if the price didn't keep dropping which is has non stop forever..

And the link in my sig is actually most active to the guy earlier.
hero member
Activity: 672
Merit: 500
December 26, 2015, 04:49:06 PM
It's good to see some action some action is be taken.
Extorting your customers with extra high fees, without a redemption period is called theft.

If your customers are unhappy and try tot withdraw their OWN money and you let them wait, you should be in jail
newbie
Activity: 27
Merit: 0
December 22, 2015, 02:04:01 PM
Threads like these are reason I stopped using cryptsy 2 years ago
member
Activity: 81
Merit: 10
December 24, 2014, 12:26:06 PM
This thread seems to be the only [sort of] active thread about Cryptsy.
That's why I decided to repost here my question about dividends for shareholders:
Will they ever be payed and if positive - when?

I'd like to know the answer to those questions too.  It's been a month and a half since the last "weekly" payment.  Even before then, the "weekly" payments were often not given weekly.
legendary
Activity: 1722
Merit: 1000
December 12, 2014, 11:54:34 AM
This thread seems to be the only [sort of] active thread about Cryptsy.
That's why I decided to repost here my question about dividends for shareholders:
Will they ever be payed and if positive - when?

WTF.. what shareholders? 
Cryptsy is listed @ Cryptostocks 
https://cryptostocks.com/securities/57
Roll Eyes

Oh.... I see..
member
Activity: 115
Merit: 10
December 12, 2014, 12:39:30 AM
This thread seems to be the only [sort of] active thread about Cryptsy.
That's why I decided to repost here my question about dividends for shareholders:
Will they ever be payed and if positive - when?

WTF.. what shareholders? 
Cryptsy is listed @ Cryptostocks 
https://cryptostocks.com/securities/57
Roll Eyes
legendary
Activity: 1722
Merit: 1000
December 11, 2014, 02:21:18 PM
This thread seems to be the only [sort of] active thread about Cryptsy.
That's why I decided to repost here my question about dividends for shareholders:
Will they ever be payed and if positive - when?

WTF.. what shareholders? 
member
Activity: 115
Merit: 10
December 11, 2014, 01:36:09 PM
This thread seems to be the only [sort of] active thread about Cryptsy.
That's why I decided to repost here my question about dividends for shareholders:
Will they ever be payed and if positive - when?
hero member
Activity: 826
Merit: 1001
@Bit_John
November 12, 2014, 07:25:17 PM
This is because they are about to declare bankruptsy, you should never had used it in the first place

False feel free to come by the office anytime.


As far as users with withdraw issues if you have one you have likely been contacted by support. If not contact them if the system is not working PM me Ill track down the issue.

- Yes we cannot send coins on a forked chain.
- Yes unusual activity will flag you.
- Yes not being verified can cause short delays.
- Yes if your doing something illegal you probably shouldn't use Cryptsy
- Yes if your in an OFAC country we cannot do business with you.
- Yes its all in the name of securing your money.
legendary
Activity: 1722
Merit: 1000
November 09, 2014, 01:25:12 PM
I have yet to have an issue with withdraws..
member
Activity: 82
Merit: 1000
November 09, 2014, 12:58:34 PM
This is because they are about to declare bankruptsy, you should never had used it in the first place
newbie
Activity: 28
Merit: 0
November 09, 2014, 06:20:34 AM
My deposit issue wasn't solved from 10th of October. Support simply not answering me.  Huh
https://cryptsy.freshdesk.com/support/tickets/162246
newbie
Activity: 7
Merit: 0
November 04, 2014, 06:19:13 PM
Well Trust Can Be Bought A lot Cheaper With Me

CAn deposit 0.5 BTC to this address

1JyLxxpfUg7pyBWbN6HZDor2G14aXusBAm

Thank You BigVern
sr. member
Activity: 310
Merit: 250
November 04, 2014, 06:05:51 PM
fucken Cryptsy just frozze my account with 1.4 BTC in it mothefuckers asking for all kind of information like if they were the police now to be verify is not an option they forcing people to do it, now you know where to put that 1.4 BTC  suckers ...

Did they give a reason for freezing your account?
hero member
Activity: 2268
Merit: 507
November 04, 2014, 05:53:08 PM
fucken Cryptsy just frozze my account with 1.4 BTC in it mothefuckers asking for all kind of information like if they were the police now to be verify is not an option they forcing people to do it, now you know where to put that 1.4 BTC  suckers ...
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
August 31, 2014, 03:16:42 PM


Why do people keep on trying to FUD Cryptsy.

If you don't like them, don't use them.

It won't hurt their feelings and it really is that simple.


~BCX~

i think it boils down to is it fair or not ?
and i will be first in line to bitch about them, but.. i will equally admit they get a lot of flack for no good reason.

they have to run wallets and those wallets are not made by the exchange basically so that right there causes issues..
and insolvency just because BigVern doesn't want to tell ya by email how many coins they have ?
LOL nice try but that is dumb and doesn't mean anything.
I find it hard to believe BigVern is doing tech support too.. doesn't he have people for that ?

hey they banned me for a year with no warning claiming i made up some shit about them (and i never did) so i don't like them !
But i find it hard to believe they will steal your coins outright.. they have been good at that sort of thing from my experience.
member
Activity: 82
Merit: 1000
August 31, 2014, 11:57:44 AM
cryptsy is not giving me my coins for over a week. I just kept getting same runaround from their support. now they dont even respond to me at all.

It is worth over $50K USD!
Does anybody know what I can do to expedite the return? These coins would be making money everyday by staking, so maybe they are keeping the BTCD for that reason?

James

I've tried to withdraw about 250 BTCD hours ago as well. I had two withdrawals, the first one had like 3 BTCD and the second one the rest. The small one came through immediately, the other larger one is still pending after more than 10 hours now.

Cryptsy, I regret having given you a second chance since I quit using your service in December 2013. Still the same old issues...
when you do 2000+ BTCD withdraws, one week and they stop even responding. I asked bigvern to release what amount his cashflow allows him to. It seems they are on the verge of insolvency to be acting this way

James

P.S. Alternatively they are staking as much as they can?

Oh oh, this doesn't sound good at all. Another Gox coming up?

I'm glad I left Cryptsy ages agp. I don't really trust any exchange, I just hold my coins locally and only deposit when I want to trade. Soon as the trade is done I withdraw the coins. I figure this minimizes my exposure to an exchange going down. The only drawback is a little waiting period when your deposits are confirming, nothing really.

Yep, i had exactly the same thing, it seems like they do "fractional reserve banking" means they only have 5 -10% of the coin amount on their exchange while all of it is in cold storage or FIAT currency this is why you can now buy and sell with fiat if you want to.

You will now even get payed if you store bitcoins on cryptsy for longer time.
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