Federal Investigations of Cryptsy Underway - page 2.

sdmathis

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AKA The Rubber Monkey

Quote from: BitcoinEXpress on October 05, 2015, 07:48:21 PM

This has been completely debunked.

I have had nothing but excellence across hundreds of trades at Cryptsy.

~BCX~

http://blog.cryptsy.com/post/130547612142/re-coinfire

That's the same thing that GAW said when it was revealed that they were being investigated.

tokeweed

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Life, Love and Laughter...

I think I'll wait and see before sending some coins back at Cryptsy. I just don't know who's telling the truth anymore...

tokeweed

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Life, Love and Laughter...

Quote from: BitcoinEXpress on October 05, 2015, 07:48:21 PM

This has been completely debunked.

I have had nothing but excellence across hundreds of trades at Cryptsy.

~BCX~

http://blog.cryptsy.com/post/130547612142/re-coinfire

Wtf? Seriously?

r0ach

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Activity: 1260

Merit: 1000

Quote from: tokeweed on October 05, 2015, 07:43:19 PM

If the BTS community had a choice, which exchange would you guys want BTS to be traded into?

I want everything traded on a DEX because the exchanges can defraud people all day by running their own bots, trading with customer funds, having infinite liquidity, access to all long/shorts, etc. There's no reason you should ever trust an exchange. We don't need exchanges trying to censor people telling them they're not allowed to talk about manipulation while they watch it going on 24 hours and claim it doesn't exist either. It's the equivalent of running a crack house and telling people they can't talk about drugs.

BitcoinEXpress

legendary

Activity: 1210

Merit: 1024

This has been completely debunked.

I have had nothing but excellence across hundreds of trades at Cryptsy.

~BCX~

http://blog.cryptsy.com/post/130547612142/re-coinfire

tokeweed

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Quote from: r0ach on October 05, 2015, 07:40:01 PM

I thought it was interesting seeing one of the things they were investigating on Cryptsy is "fake walls" to manipulate price. Yesterday I type on Poloniex, "welp, there's the scammer that puts up a fake 27 btc sell wall and starts spamming the sky is falling in engrish to try and drive down price", and of course one of the moron moderators types "there's no such thing as fake walls, stop that", then the wall is gone 2 seconds later. They all claim to be running "clean" exchanges and tell everyone to not talk about manipulation while it just goes on non-stop in front of their faces.

If the BTS community had a choice, which exchange would you guys want BTS to be traded into?

sorryforthat

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Quote from: r0ach on October 05, 2015, 07:40:01 PM

I thought it was interesting seeing one of the things they were investigating is "fake walls". Yesterday I type on Poloniex, "welp, there's the scammer that puts up a fake 27 btc sell wall and starts spamming the sky is falling in engrish to try and drive down price", and of course one of the moron moderators types "there's no such thing as fake walls, stop that", then the wall is gone 2 seconds later. They all claim to be running "clean" exchanges and tell everyone to not talk about manipulation while it just goes on non-stop in front of their faces.

Ill back this up. I was in the box when you made mention of it and do recall the mods trying to move past the thought.

r0ach

legendary

Activity: 1260

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I thought it was interesting seeing one of the things in the article they were investigating on Cryptsy is "fake walls" to manipulate price. Yesterday I type on Poloniex, "welp, there's the scammer that puts up a fake 27 btc sell wall and starts spamming the sky is falling in engrish to try and drive down price", and of course one of the moron moderators types "there's no such thing as fake walls, stop that", then the wall is gone 2 seconds later. They all claim to be running "clean" exchanges and tell everyone to not talk about manipulation while it just goes on non-stop in front of their faces.

duuuuude

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This is very serious, there were many peoples jumping of point for alt coins, this will probably be a black eye for cryptos. But in a weird way i think it will renew interest in crypto's ala silk road.

J

tokeweed

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Cryptsy should have stayed away from Paycoin. I think this is where the Fed's alarm bells started ringing, when they got involved with that big of a scam.

It's a pity. I liked trading at Cryptsy. I never had a problem using them.

tokeweed

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Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote

Federal Investigations of Cryptsy Underway

The online exchange is under several investigations with multiple agencies including the Securities and Exchange Commission, the Internal Revenue Service, and the Criminal Investigation Division of the Internal Revenue Service, among others.

Documents from various investigations obtained by Coin Fire show a litany of purported wrongdoing by the company and several team members. The large number of allegations levied against the company varies from agency to agency in more than 300 pages of documents. In some instances, the investigation alleges that the company failed to obtain appropriate licenses. In one particular instance, a connection is made between a Cryptsy team member and GAW Miners’ fraudulent operations. Other government agencies report a failure to report gains appropriately, market manipulation, the sale of unlicensed securities, money laundering, and more...

More here... http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

Topic: Federal Investigations of Cryptsy Underway - page 2. (Read 2761 times)