GROUP ACTION: CRYPTSY EXHANGE NEGLIGENCE - TAKE ACTION

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Quote from: coinits on January 17, 2016, 06:09:47 PM

Quote from: TECSHARE on January 17, 2016, 02:45:08 PM

Hey look, more ignored warnings. Don't worry tho, it is just a personal vendetta, just like I have with the staff here, so you can ignore those warnings too. It is not because the trust system allows for fraud, we all know the trust system is great, just like Cryptsy is great and I just need to STFU.

The day I read what you said that they did with Infinitecoin, I took everything out of that criminal enterprise. The dumb fuck is trying to say that a cold wallet was hacked. Hopefully he and his minions are in jail soon. Rumor is he fled to China so who knows?

Awesome choice. You were one of like 6 people paying attention. I also saw some evidence Paul Vernon has fled to China. Funny thing is he probably also ripped off more than a few Chinese nationals, and over there they don't just slap you on the wrist for large scale financial crimes. He might be the first Bitcoin con-artist put to death by a firing squad (by the government anyway).

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: TECSHARE on January 17, 2016, 02:45:08 PM

Hey look, more ignored warnings. Don't worry tho, it is just a personal vendetta, just like I have with the staff here, so you can ignore those warnings too. It is not because the trust system allows for fraud, we all know the trust system is great, just like Cryptsy is great and I just need to STFU.

The day I read what you said that they did with Infinitecoin, I took everything out of that criminal enterprise. The dumb fuck is trying to say that a cold wallet was hacked. Hopefully he and his minions are in jail soon. Rumor is he fled to China so who knows?

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Hey look, more ignored warnings. Don't worry tho, it is just a personal vendetta, just like I have with the staff here, so you can ignore those warnings too. It is not because the trust system allows for fraud, we all know the trust system is great, just like Cryptsy is great and I just need to STFU.

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: alrachid on November 16, 2015, 04:11:42 PM

Cryptsy glitched and drove my account into the negative and tells me I have to buy more BTC and deposit to bring back positive!

CRYPTSY stopping withdraw locking accounts without notifying users! Class Action
https://bitcointalksearch.org/topic/cryptsy-stopping-withdraw-locking-accounts-without-notifying-users-class-action-1173703

Run to the hills.. run for your freakin fatass shitcoin pushing life !
https://youtu.be/3ZlDZPYzfm4

Grin

alrachid

member

Activity: 101

Merit: 10

Just another man trying to find his way.

Cryptsy glitched and drove my account into the negative and tells me I have to buy more BTC and deposit to bring back positive!

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

I tried to warn you...

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: TECSHARE on January 28, 2014, 03:03:23 AM

Seeing as Cryptsy is clearly hurting many coin communities here by frivolously adding coins then not supporting them correctly, refusing to suspend new registrations when they are overwhelmed with registrations, allowing coins to go missing from customer accounts, blatantly lying to customers, and trapping people in their exchange for weeks or longer, I would like to help organize group action against Cryptsy to put pressure on them to resolve these issues in manner that doesn't result in the user base suffering while they profit. I have personally had coins trapped there for a half of a month as of today, and I know there are many others suffering from Cryptsy's negligence. They are only doing this because NO ONE IS PUSHING BACK. Let Cryptsy know playing with your money isn't a game they want to play.

Possible plans:
-Group protests at their HQ
-Social media campaigns exposing their negligence (like done with BFL)
-Class action lawsuits

What do you think is the best way to do this?

LETS PUSH BACK

From the Josh Garza Scam Thread:

The noose begins to tighten.

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

Coin Fire is now able to report that multiple federal investigations are underway regarding Crypsty.

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.

The document cache obtained by Coin Fire contains materials ranging from the Securities and Exchange Commission to the Department of Homeland Security. The earliest records in the cache against Crypsty contain minor investigations of wrong-doing and are dated prior to the larger investigation of Mr. Homero Joshua Garza and Mr. Carlos Garza; however, the information discovered during the GAW Miners investigation caused lead investigators from multiple organizations to begin scrutinizing Crypsty and its parent company, Project Investors, more closely. The investigation against Cryptsy intensified after a “PayCoin controller” was exchanged to the company and the two investigations began to run concurrently.

In one document, FinCen began to examine allegedly illegal transactions where money was being moved to accounts connected to suspected terrorists, but the investigation had since stalled. This document was set aside and ignored for several months until recent information indicated potential transactions with suspected terrorists. Later documents referenced this earlier FinCen document, with the most recent alleging that both Project Investors and Cryptsy were aware of an account on their platform being used by an individual with ties to banking watch lists and restrictions.

The documents also explore other allegations. In one report, an organization alleges that the company utilized automated trading software on a platform that directly benefitted Crypsty staff members. The report also alleges that a key Cryptsy staff member performed fraudulent transactions related to the movement of PayCoin by Mr. Garza.

Another document shows one organization beginning a probe of PayCoin’s blockchain history. This document alleges that Cryptsy was being used by Mr. Garza to disguise money movement for both him and his associates. Furthermore, the report claims that the company was aware of this movement and not merely complicit; this allegation is echoed by material within the document indicating that (1) staff member engaged in these fraudulent transactions and transfers, and directly engaged in market manipulation.

A wide variety of federal agencies have taken an interest in cryptocurrency companies over the last year, with many preparing for administrative actions and even criminal charges in early 2016. These agencies have been seen cooperating on several levels. One agent with the Securities and Exchange Commission told Coin Fire that they were,

"Looking at the worst offenders in cryptocurrency and would be closing in further on our unofficial “top ten” list of which Cryptsy and Project Investors will find itself to be in the Top 5."

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Round round we go.

The Crypsty circle jerk continues

https://bitcointalksearch.org/topic/cryptsy-stopping-withdraw-locking-accounts-without-notifying-users-class-action-1173703

Luqman

sr. member

Activity: 826

Merit: 263

I just leaved this exchange after an issue about freezing SDC wallet over a months..

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I don't use cryptsy anymore although it was my very first exchange I made some bucks with sexcoin lol. I got hacked and since then they were never able to get me my account back and for some reason I wasn't able to make a new one so I give up as they were asking for some complicated stuff and I am not very technical lol which is a shame but it has always had problems, especially with coins randomly going missing from peep's accounts.

illyiller

hero member

Activity: 697

Merit: 520

Quote from: JerryCurlzzz on June 20, 2015, 08:06:41 PM

Quote from: bitnanigans on June 20, 2015, 12:13:36 PM

Cryptsy has been a very dodgy exchange since the beginning. Best to avoid them altogether.

I've stayed away from them ever since November 2013. At the time, they were taking 12-24 hours to credit deposits, not responding to customers ... and the engine was simply horrible. I've kept an eye on them ever since, and they never improved.

Cryptsy has always sucked. And it still does. Yet, it's the most liquid exchange for trading alts. So I still use it.

JerryCurlzzz

hero member

Activity: 504

Merit: 500

Quote from: bitnanigans on June 20, 2015, 12:13:36 PM

Cryptsy has been a very dodgy exchange since the beginning. Best to avoid them altogether.

I've stayed away from them ever since November 2013. At the time, they were taking 12-24 hours to credit deposits, not responding to customers ... and the engine was simply horrible. I've kept an eye on them ever since, and they never improved.

bitnanigans

sr. member

Activity: 266

Merit: 250

Cryptsy has been a very dodgy exchange since the beginning. Best to avoid them altogether.

TECSHARE

legendary

Activity: 3318

Merit: 2008

First Exclusion Ever

Quote from: coinits on April 25, 2015, 06:50:15 AM

Hey Techshare

They are at it again. Involved in the Paycoin Scam with Josh Garza and the rest of his minions.

https://bitcointalksearch.org/topic/m.11189025

You should come over and offer your two Satoshi's worth...

I would but I really don't know anything about the situation.

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Hey Techshare

They are at it again. Involved in the Paycoin Scam with Josh Garza and the rest of his minions.

https://bitcointalksearch.org/topic/m.11189025

You should come over and offer your two Satoshi's worth...

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: NewportHighlander on December 19, 2014, 02:18:31 AM

Day fuckin 17...

They need to have their legs kicked out from underneath them. Class action is the only way.

NewportHighlander

newbie

Activity: 16

Merit: 0

Day fuckin 17...

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

It will take a class action to get satisfaction.

NewportHighlander

newbie

Activity: 16

Merit: 0

Cryptsy is back at it but with Ripple (XRP). Sorry to revive this but I am trying to get word out, as Cryptsy apparently is either flatout scamming or has completely incompetent staff who I'd IMAGINE would be axed over this. 13 days with no refund of XRP attempted to withdraw as well as cash in. I was silently banned which was a red flag to me that nobody in the troll box was alerted to it. The customer service rep "Mark" straight lied to me telling me I was refunded, checked my account and there was neither XRP, BTC, or even Crpytsy Points which I'd fuckin gladly take at this time.... YOU'LL MAKE MONEY OFF THE FEE ANYWAYS AND ITS YOUR OWN CURRENCY. Give me an equivalent to the 10k+/- I have missing in cyberspace.

Current related thread: https://bitcointalksearch.org/topic/cryptsy-and-ripples-very-high-risk-884710

BitJohn even personally popped in to have me and another user PM him which did an astounding amount of nothing.

Make it right Cryptsy.

tetrac

newbie

Activity: 12

Merit: 0

Quote from: DMDCreeper on August 13, 2014, 10:13:35 AM

While I understand the frustration some people are having with Cryptsy, I would exercise caution and restraint when dealing with them or talking about them. This fledgling industry does not need another major player going under. If anything we all need to work together to get all of this right, including the exchanges. Keep in mind that while people are bitching about Cryptsy, DMD has had its own problems recently. While I give a lot of credit to those who worked tirelessly to fix them, it is my understanding we are not out of the woods completely yet. Cryptsy, for all their flaws, is an exchange that supports a lot of different coins and has to deal with the wallet problems for all of them. DMD is not alone with these problems.

Cryptsy is a major player in the cryptocurrency exchange domain. It would be good for no one if they failed.

Yea, last thing we need is more exchange blow ups.

Topic: GROUP ACTION: CRYPTSY EXHANGE NEGLIGENCE - TAKE ACTION (Read 20160 times)