Is the Cryptsy 1000 BTC bounty legit?

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: Monnt on February 12, 2016, 12:10:38 AM

Most probably a pile of bullshit. Cryptsy is having withdrawal problems for people withdrawing more than one bitcoin, how can we trust then to give away 1000 of em?

You're probably right, but if someone did recover the stolen coins, then I assume that the bounty would be paid out of the recovered coins. Of course the coins were probably never stolen from bigvern so this is all a moot point.

Monnt

legendary

Activity: 938

Merit: 1002

Most probably a pile of bullshit. Cryptsy is having withdrawal problems for people withdrawing more than one bitcoin, how can we trust then to give away 1000 of em?

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: Robertt on January 15, 2016, 11:02:02 PM

Quote from: eddie13 on January 15, 2016, 11:00:25 PM

I think that the same guy that is offering this bounty is the guy that stole the coins.. And it's not just about doxing him, his dox is allready in the class action thread.

He wants "information leading to the recovery of the coins" or something similar, though I bet he stole them himself..

His name is Paul Edward Vernon... Dig and dox away..

I'm not planing on doxing anyone, that was just an example of a non-paying bounty/lie.
It is possible that he stole them himself, no way to find out for sure yet.
Maybe it was an inside job in 2014, and they covered it up to get as much BTC as possible before making the scammed story.

This is a good theory,something we read from newspaper when a bank was robbed and the crime was perfectly executed,the Cryptsy crime is perfectly executed and they want a scapegoat for a perfect crime,a perfect scapegoat that they are looking for..

quentincole32

hero member

Activity: 518

Merit: 500

Quote from: aardvark15 on February 11, 2016, 09:56:08 PM

I think that if the bitcoins were really stolen from cryptsy, then it may be legit. It's just hard to know if they were stolen or if the owner took them himself.

the drama like this always happened time to time, a company who held large amount of bitcoin claiming they got hacked and all funds were stolen all of it are bullshit.
the truth are cryptsy untrustworthy they are lied being hacked so the bounty itself mean nothing.

aardvark15

hero member

Activity: 1008

Merit: 510

I think that if the bitcoins were really stolen from cryptsy, then it may be legit. It's just hard to know if they were stolen or if the owner took them himself.

Natweast

newbie

Activity: 40

Merit: 0

Quote from: Karpeles on January 31, 2016, 02:39:18 AM

They left the situation reach this point by lying, would you trust them?

Do it or don't, but don't expect anything in return, I think there are several hidden things in this story, but of course won't say anything because I have no proof

Your user name is Karpeles, that is very familiar to me. Do you have anything to do with the French guy?

Karpeles

legendary

Activity: 1162

Merit: 1000

They left the situation reach this point by lying, would you trust them?

Do it or don't, but don't expect anything in return, I think there are several hidden things in this story, but of course won't say anything because I have no proof

STT

legendary

Activity: 4102

Merit: 1454

Its legitimate in that it would be extremely hard to be in a position where you could claim it. Problem is you will get zero for your work if you only do 90% of the work, without recovery of the coins then there is nothing to pay you. Its not just this case, its often how rewards go but maybe someone knows how to easily get it back but its unlikely and yea just for publicity I guess though I'd offer the same if I were in the same position

teddy5145

hero member

Activity: 714

Merit: 528

Quote from: Cheap Ass on January 15, 2016, 10:50:44 PM

I think it is legit, because they really got shat on.
And I think they would actually lose all credibility if they didn't come through with that either.

I think that bounty is a bull
The owner already closed his office and running away somewhere Sad

He's trying to think he's the victim here by making a 1000 btc bounty
i doubt anyone can find the hacker Tongue

rammy2k2

legendary

Activity: 1974

Merit: 1003

i doubt the bounty is legit since their site was always crappy.
i think its just a try to clean some sh*t from their face, but that aint working at all.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

I've seen plenty of incentives offered in the past after major hacks. Does anyone know how many have been concluded and paid out? I'm assuming it's hovering somewhere around the zero mark.

onlinedragon

hero member

Activity: 1036

Merit: 501

Quote from: Bit_Happy on January 15, 2016, 11:14:26 PM

No, there is nothing legit about Big Vern and his source of stolen coins.

When there were high problems no one could find Big Vern. Strange when you are owner of Cryptsy and you are no where to explain it what happens.

Natweast

newbie

Activity: 40

Merit: 0

Quote from: Bitcoinbro on January 17, 2016, 06:00:14 PM

Quote from: rienelber on January 17, 2016, 05:24:14 PM

If it was a serious enterprise it would not have been jacked that way.

Yes, they can't be serious right now with this bounty.
They can't even pay me my 0.6 BTC.
Cryptsy is broke and a lot of customers will file suits against them. Mark my words.

I still have some coins in the Craptsy exchange. But coin name starts with V. So it will take long time to get my coins.

STT

legendary

Activity: 4102

Merit: 1454

Thing is with a bounty for any large amount of effort to be expended, it has to be held with a escrow party so that the work is assured to be paid with any sucess. So Im not sure that is the case, just the promise that with any money returned a section would be allocated to those that helped. Much like the police might offer, unfortunately trust is an issue here

Bitcoinbro

sr. member

Activity: 420

Merit: 250

Quote from: rienelber on January 17, 2016, 05:24:14 PM

If it was a serious enterprise it would not have been jacked that way.

Yes, they can't be serious right now with this bounty.
They can't even pay me my 0.6 BTC.
Cryptsy is broke and a lot of customers will file suits against them. Mark my words.

rienelber

full member

Activity: 154

Merit: 100

If it was a serious enterprise it would not have been jacked that way.
Thing is with a bounty for any large amount of effort to be expended, it has to be held with a escrow party so that the work is assured to be paid with any sucess. So Im not sure that is the case, just the promise that with any money returned a section would be allocated to those that helped. Much like the police might offer, unfortunately trust is an issue here

alwinlinzee

sr. member

Activity: 434

Merit: 250

How will you belief this type of cock and bull stories from people that have refused to process pay out request Huh

zivone

full member

Activity: 182

Merit: 100

Even if it's legit I guess no one will get caught.

Natweast

newbie

Activity: 40

Merit: 0

I suspect somebody inside the cryptsy stole the money. So the bounty will not be paid as nobody will be caught.

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Quote from: eddie13 on January 15, 2016, 11:00:25 PM

I think that the same guy that is offering this bounty is the guy that stole the coins.. And it's not just about doxing him, his dox is allready in the class action thread.

He wants "information leading to the recovery of the coins" or something similar, though I bet he stole them himself..

His name is Paul Edward Vernon... Dig and dox away..

This is probably the more likely scenario. When things like this happen it's likely just an inside job and another gox. Probably just trying to look innocent but even if it was someone else he knows there's next to zero chance of having the coins recovered (and even if someone did manage to locate them they'd likely just keep them for themselves anyway).

Topic: Is the Cryptsy 1000 BTC bounty legit? (Read 1554 times)