Topic: EXCHANGE SCAMS? DO YOU THINK BITTREX, CRYPTSY AND OTHER EXCHANGE ARE CHEATING ? (Read 2167 times)

Large exchanges are the main weapon of scammers. Now you can easily get to an exact copy of the original site, where attackers are trying to get your details, and use them on the real site. It is enough to enter your data on a fake exchange once and you can say goodbye to your funds.

I have the original Cryptsy Wallet for LitecoinX (2014 Chain) with nearly 5 million coins in it. If you are a developer please contact me, as it seems a bit of a waste for it to be sitting here doing nothing. Maybe we could offer some restitution for the people who owned LitecoinX on the exchange, thousands of transactions are in the wallet which could be used as proof for people who lost coins on Cryptsy. The coins are all currently unconfirmed as we would need someone with the old part of the blockchain to share the original chain to confirm them. Please let me know if anyone is interested in re-developing the original chain so we can help give back to the people who's money Cryptsy stole (I was one of them).

A distribution to the ones who were taken advantage of might just be exactly what we need to regain interest in LitecoinX coin and re-energise people to start a new chapter for this coin. We have the best name, we just need to regain the people who were originally involved so we can all enjoy this resurgence together.

Please PM me if you can help. Thanks

Well here is what I wonder in the world of altcoins how can you ever not have a negative balance issue at times. Coins rollback and low hashrate chains sometimes after a customer sells them. More interestingly why don't other exchanges do this. My guess is either they don't realize they are slowly leaking rolled back coins or they are trying to eat the loss.

Rollbacks can occur from miniforks, hardforks, attacks etc they are a pretty regular occurrence. I guess if you cannot detect them then you might never know your short coins in your wallets. Multpool owners see it more than anyone.

I noticed that too.... LOL big buy order would appear and will quickly get dumped 
Not sure if it's a trader with a bot who could detect it quickly or the exchange pumping volume 

hey interesting thread. I also experience buyorders popping up suddenly at the exact moment of a dump. Maybe someone has an advantage of a few milliseconds there?

will cryptsy ever fix their negative-balance-bug? I think it is embarassing for an exchange to even have it being possible the customer can have a negative balance.

Haha was not meant to be a pun.

I'd give you a 50% on the spot for some of your conspiracies.

i have been fed bs and called a conspiracy nut for a year from a certain guy here so i have long learned to tune it out.

dealing with people playing dumb is tiring.

you can fool some of the people some of the time..

We did have a day that our audit system got mucked up during an update. The system is pretty strict the negative balance would have to be settled in that currency. So your right you did have other coin but it would have to be settled in that coin. One thing you said I completely agree with is an email that goes out stating your situation already brought the suggestion to the dev's. Sorry for the inconvenience.

I don't have any open order that time. The support said it was from a trade I did long time ago. And I had BTC trades after that.
The negative balance only appeared when I tried to withdraw. I still have my craptsy points in my account that I could sell that time so my account balance isn't negative. And you made me wait for hours like an idiot trying to figure out what went wrong. I didn't even receive any warning or an email.

kore, shield and the latest one conceil. All coins released with no dev. How do these coins make it on there?

More than likely you had an open order, a withdraw or a reversal of coins (with LTC it probably was not the third) that was making your balance negative. In most of these cases you simply had to cancel. In your specific case I am not sure which it was but yes we do not let anyone withdraw if they have a negative balance.

Like they slapped us to add their coin? We simply added paycoin at the time it was "on the list" and its time came. Was a different rate of additions back then.

I'll repost it here. 
Here's my experience with mintpal and cryptsy.


This one happened twice already. The buy order I was supposed to dump at disappears when my deposit is about to arrive at mintpal.
I did a test one time, I just monitored the buy order at mintpal when I had a chance to arbitrage with mintpal and other exchange and there was a high bid at mintpal. The buy order remain there for hours... but of course, if I try to buy at other exchange and deposit it at mintpal, that buy order will disappear before I could dump on it. LOL!

Here's another one. This happened twice already.My buy order doesn't get hit because someone will suddenly appear and block the dump by 1 satoshi.
This one happens when I'm logged out of the exchange. That's why I always remain logged in now and monitor the orderbook 

--------------------------
And here's with cryptsy, they suddenly slap me with a negative balance when I emptied my balance on their exchange. They're blaming it on a trade I did long time ago. And they also held my withdrawal as hostage. LOL!
I've confirmed the withdrawal from my email an hour later and waited 6hrs but still, the withdrawal wasn't processed. It appears that they kept it as hostage because they say I owe them -0.00017388LTC. That's just  $0.00172. LOL! I miss my arbitrage opportunity because of that! 

very possible, hopefully credits CRD will be released soon and all that cheating and scamming will he a thing of the past.

see https://bitcointalksearch.org/topic/ann-credits-crd-with-20-decentralized-exchangeanonmarketmore-peak-july-2nd-634403

I broke down and signed up for an account on BitTrex a few days ago hoping I would be able to try some arbitrage trading between Cryptsy and BitTrex but ultimately found the UI for BitTrex ground to a slow crawl for me.  Not sure if it was system-specific as I haven't tried accessing my BitTrex account on another system but certainly was frustrating.

The reason I bring up paycoin is because I asked DeppJ how did the coin get onto Cryptsy? He said Cryptsy take backhands, This was after he left the coin... I will see if I still have the response in my message history.

10 page ANN
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941


Reading that ANN is funny, they didnt even have a working pool and we here talking about how bad bittrex is.

I agree 100% with the above. Really all exchanges are out to make money and some go about it differently to others.

@KenChanYu
want a good infrastructure ?
click on the banner ad's here and buy an exchange of your own pre-made LOL

and what is important ?

uhh honesty ? lol

I just think Bittrex have the infrastructure to add as many coins as they like where the rest of the exchanges have to remove coins before adding new ones just to maintain decent performance.

I also got burned by scam coins in the past and only had myself to blame, one of them being a coin that got added to mintpal without a vote. Cryptsy still has coins like paycoin where the dev stopped working on it back in January.


[/quote]

Bittrex has a link on it's site that loads a forum topic here.. that is their professionalism (a bitcointalk forum post lol)
i just checked and it's not on right now but it is a lot !

here is an example of a contradiction in your statement taken from their pro support topic lol
source=https://bitcointalk.org/index.php?topic=635824.0
and there is more i just found using google on this forum alone !



so..

you were saying ? LOL
[/quote]


but what is worse, exchanges keeping on coins that are dead already or coins being removed if they are determined to have no future?

If Cryptsy wants to be the best they need to start scanning ANNs to see what coins are still valid and which ones aren't. Having coins like paycoin (one of many dead on cryptsy) just keeps the scam going longer for newcomers.

by the way i watched as coin after coin was added simultaneously to www.ipominer.com
and sometimes it was just painfully obvious there was a connection between that Scypt clone auto coin changing port multi-pool
they both added them in tandem and these short lived pump and dump coins would die in value so bad and so fast
i couldn't mine enough to do the minimum coin sell amount or min withdraw amount from the pool !
that is REALLLLLY bad !

there was so many coins that i wondered how in the hell did they even know to get them listed so fast ?
i would bet my left testicle they ran both sites and made the coins too !
why ? because they could and it was easy and it as worth a LOT of money !
make a new coin and dump it hard then make a new one.. on and on and on..

i have watched all the bigger ones pull stunts that can NOT be white washed with excuses..
BTER for example as pulled some shit.
The bigger the are the more shit they seem to pull i think.

if it stinks ?
there is prob a a reason.. $$$$$$$$$$$$

Bittrex has a link on it's site that loads a forum topic here.. that is their professionalism (a bitcointalk forum post lol)
i just checked and it's not on right now but it is a lot !

here is an example of a contradiction in your statement taken from their pro support topic lol
source=https://bitcointalk.org/index.php?topic=635824.0
and there is more i just found using google on this forum alone !



so..

you were saying ? LOL

Everyone just playing the game, I am asian and we like to gamble, it's in our nature but I have also taken a step back and taken a look at coins with a longterm view point, it's also healthy to support coins that are trying to make a difference.


http://www.at5.nl/artikelen/131523/patatje-sate-betalen-met-de-guldencoin
http://vimeo.com/94143313

bittrex is taking the risk that cryptorush took, though bittrex toned it down slightly. bittrex is adding coins first and that means theyre on the bleeding edge of the hype and the start of pumps that go on though additional exchange listings until the inevitable dump when the hype bubble bursts.  everyone seems comfortable operating this way at the moment, and it doesnt appear to be making anyone super rich or super poor. same money in and out. (thats my opinion, people may be doing great or terrible)
*edit, bittrex is adding more frequently new coins than other exchanges

I just think Bittrex have the infrastructure to add as many coins as they like where the rest of the exchanges have to remove coins before adding new ones just to maintain decent performance.

I also got burned by scam coins in the past and only had myself to blame, one of them being a coin that got added to mintpal without a vote. Cryptsy still has coins like paycoin where the dev stopped working on it back in January.

Guldencoin is simply the best. Just no one knows it yet. Also I don't think Guldencoin is on Mintpal or Cryptsy because no one has asked for it with the team or community. I know there was a push for mintpal votes until it got hacked and then we stopped voting.

They even asked coinwarz to remove the coin off the voting list. Just shows how much concern they have for it.

Great coins? Really? It feels like Bittrex lists coins just if the developers asks the to. They edrose pumps ad dumps heavily.

It's amazing how the most honest exchange gets targeted.

Let me give you reasons why.

1. Mintpal volume has gone down by 80%
2. All coins that are only successful on Mintpal will have future volume and price pressure.
3. Bittrex also adds great coins. Do you guys see Guldencoin on Cryptsy or Mintpal?

Most of these alt coin exchanges don't have adequate support. Users are own their own should they encounter any issues.

This. Between fake volumes, dubious security flaws, and the aforementioned sponsored coins, it's almost impossible to know which way is up.

These markets are completely unregulated so everyone is stealing.

The real question is why the Official Cryptsy Logo is a penguin packing heat?

This is a concern I've had as well. I couldn't really tell why bittrex was having such big volumes while being founded this year. It has a life span of almost half a year and older, more established and stable exchanges still get a lower volume than bittrex. This just doesn't seem realistic to me, the difference between the volumes is also huge. It would be hard to prove that the volumes are not real though.

To be honest, I'm personally disgusted by bittrex accepting coins to be sponsored. This makes me think that even volumes could be manipulated to drive traders to a certain direction.

Ahh ok well that may explain some behavior in the past that could easily be perceived as suspicious.

I appreciate you saying that and it's excellent info (or a convenient easy to use excuse LOL)
i will of course assume your being fully honest in that response and just want to add one more thing..

A great idea for Cryptsy and other in a similar situation would be to have an FAQ page of sorts so you can mention stuff like that.
and i understand some bits of info like that maybe private for your own security reasons but telling the public *some info
would go a LONG way in instilling confidence in your exchange.. a fair trade off in my opinion.

i have always believed it's irrefutable, if you tell people NOTHING then they will always assume the worst !
So when you habitually provide no info / data and fishy circumstances keep popping up your rep is going to continue to decay
and you will be on forums like this doing damage control.. after the fact.
when providing more info up front earlier would have been far less work and less of a headache !

I have seen lots on Cryptsy chat before newer guys ask all kinds of questions and of all the support url's i have
none of their questions ever seem to be answered (on those pages).. so i am saying what is already out there is not too helpful in my opinion.
and that would be the Cryptsy Wiki and Support Site and the underused Cryptsy Blog site.. not using the blog is an opportunity wasted !
lastly some exchanges utilize a warning message directly on the top of the market page ..this is great !!!!!
Cryptsy does not do this..

and BJ.. there is conspiracies man lol
i just mentioned how there was one before with Coinmarketcap and the coin AUR.
I have proof of lots of them too..
Such as when all of you Cryptsy guys including Mullick and Prime etc were playing dumb with me about who made TIX last year
and i got a pm from an anonymous user that demonstrated how Mullick was caught uploading the compiled TIX binaries.
So uhhhhhhhhhhhhhhhhhhhhhhh
explain to me how at the time he was letting Spots and his Troll buddies play anonymous troll and harass me non stop while
all you mods knew exactly who was involved and in reality all of you mods had played a part in making the coin lol

what really pissed me off is you guys let this guy pick fights with me and troll on me big time while you sat in silence
only to look for a way to ban me(and not your buddy cloner iGotSpots).. when all i did was ask who made the coin and all of you guys sat there quietly Knowing fully who did.
BitJohn back then you even told me on chat you knew who made it and you would not say.. and there was many of us who asked..
and i said don't you think we have a right to know ?
And i know much MUCH MUUUUUUUCH more than that too by the way.. another mod Prime had an exclusive to post it on his site before this site
and when i mentioned that on Cryptsy chat Spots ran over here and created a topic on TIX after the fact..
Then he denied saying it was him doing it.. then he admitted to using the account here and about a month or two ago he came clean and admitted all of it !
saying "yeah" and that eh just didn't want to admit it back then.
Proving every SINGLE thing i ever said about it going back to last year was 1000% true !
and.. proving how corrupt you Cryptsy guys are in the process.. him admitting that was damning for you guys lol

So conspiracy ?
ohh you bet your sweet ass BitJohn LOL

and i have proof 1000 fold on all the cryptsy mods being implicated balls deep in it all and lying and fighting about it all along !
And hmm you think i am dumb ?
You think when i have a mountain of proof Cryptsy staff got together and made a coin TIX for example with cloner iGotSpots
that the mysterious unknown Troll who would keep coming out to attack me on Cryptsy chat was ? hmm who was that hmmmmm ?
Of course it was you mods or Spots etc.. duh !
no none else would be motivated to go that much trouble.
Circumstantial evidence combined with tangible proof laid out in time = undeniable proof !

and that is just,               one                 coin and one single incident.. of many.

i will say again, i am stunned you wanna have a jab at me when i have a dump truck of proof at my disposal.
and the proof is 90% YOU GUYS admitting to things ..you get caught up lying and playing games and it starts to get hard to deny after a while lol
and your retort is to habitually play this little game trying to make me out to be a conspiracy theorist nut..
but.. uhhh ohhh
that won't work..
guys like 2many280's for example has sat on that Cryptsy chat *quietly and this forum watching ALL of it go down for years.. there is no lying to them,
because they were there LOL

anyway, i am all for letting it go but sometimes you guy need to be reminded you were caught red handed pulling stunts..
and if you keep doing it then the public deserves to know... and proof is proof and i have lots
so spare me the never ending conspiracy comment jabs.. not one guy in Crypto would think i am a conspiracy nut !
and i guarantee ever man women and child in crypto would believe what i say in a heart beat over any cryptsy mod LOL
so the veiled jabs at my credibility does not have the desired effect i can assure you.
People may not like me but they know i strive to be honest with my internet persona and i have 1.. no other accounts and no games or lies.
and if anyone has any questions ever about anything i have always answered truthfully and i always will.
And.. if i got some info wrong i will try and make it right.. i am not looking for conspiracies they have been jammed down my throat !
the TIX crap for example was such a bad scam jammed down ALL our throats it was impossible to ignore LOL
I also bet you guys learned a lot from TIX for all your other coins you have made since huh BJ ? hahhaa

Weird Spoetnik with a conspiracy... Anyhow why we used to suspend markets was due to our automated fraud system. It would detect anomalies in the chain deposits etc and would freeze that market. Then when we would feel comfortable that the anomalies (usually a reversed transaction) were no longer occurring or a threat we would reopen the market. Sometimes it coincided with us rebuilding an entire wallet which in the case of say Huntercoin or Bitcoin could mean a 24 hour+ redownload of the chain. Other coins fall into the very large chain category others do not.

Would I say we could have communicated this better at times absolutely. This system has been altered now and we catch this stuff using other methods.

ya your definition of cheat may be different than others.. a vague question.

and what ones ? there is many that have been caught red handed on a regular basis simply stealing.
many simply take your deposit and the coins never show up and they vanish sooner or later.

what would be REALLY interesting to me is to get guys like Bitjohn to give his opinion on how scammy all the well known ones are LOL
like what does he think of the top 5 altcoin exchanges ?

to me it boils down to choosing my words carefully for starters..
and i would ask, do you think any of the top 5 exploit their position and manipulate the market at all ?

for example..

it would super easy for an exchange to silently pause a market on everyone for say 2 days
then take those coins and do what ever they want with them.
then make up some dumb ass excuse for the public 4 days later..

THAT

happens a LOT !!!!!!!!

and guess who does it ?

What exactly are you asking?

ARE SOME RUMORS THAT BITTREX IS CHEATING WITH KEYCOIN AND OTHER ALTCOIN.  PLESASE COMMENT!!!!!