It's finally happened CRYPTSY is insolvent

CasioK

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Quote from: Dassi on November 11, 2016, 06:13:22 PM

It appears Bitfinex is following the path of Cryptsy closely, only that it is not making it so obvious.

OMG. It should not. Cryptsy case was itself very big disappointment even crypto users using it for altcoin trading rather than for BTC/fiat trading (still cryptsy had options to trade that with them). But, Bitfinex is famous for bitcoin trading with limited altcoins. So, it is directly bind with bitcoin's reputation and price levels. If it follows cryptsy that may trigger bigger disaster again.

But after recent exchange problems/hacks, I believe traders might have developed the habit of not keeping big amounts in exchange unless otherwise they have reasons to do so. If it is true, there will not be any significant effects if Bitfinex follows cryptsy.

Dassi

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It appears Bitfinex is following the path of Cryptsy closely, only that it is not making it so obvious.

Spoetnik

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FUD Philanthropist™

Quote from: spazzdla on November 09, 2015, 12:44:25 PM

Jesus.. people are trying HARD to take out cryptsy..

They took themselves out cheerleader fanboy Grin

Spoetnik

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FUD Philanthropist™

Quote from: spazzdla on November 09, 2015, 12:44:25 PM

Jesus.. people are trying HARD to take out cryptsy..

Excuse me ?

Hey smart ass..

I TOLD YOU SO Cool

Whoisthelorax

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Activity: 370

Merit: 251

Quote from: chokesir on December 30, 2015, 07:35:31 PM

My friends still got pending withdrawals like me.
It seems they are helping noone anymore, or did someone get his withdrawal today?

I've been withdrawing my limit ($25/day, $100/mo) and all have gone through as of yesterday. DOGE only, BTC was working until end of november.

chokesir

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fastdice.com The Worlds Fastest Bitcoin Dice

My friends still got pending withdrawals like me.
It seems they are helping noone anymore, or did someone get his withdrawal today?

Pollak

full member

Activity: 182

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Pollak

Cryptsy won't be here in 3/4 weeks. The stage for waiting on your coins has been gone now.
There is no bitcoin left in any of their (client) wallets.

Bitcoinbro

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Activity: 420

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This has been a disaster ever since they launched their new website bro's
Either the negative article or the affiliation with Josh Garza has caused this.

I can only hope my and your withdrawals, eventually will go through.

Blawpaw

legendary

Activity: 1596

Merit: 1027

I made a GLD deposit more around 2 weeks ago and still no sign of my coins. I'm getting sick and tired. Cryptsy support is a Crap, and they are kidding around with customers...

praprata

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Activity: 420

Merit: 250

Quote from: l8nit3 on December 28, 2015, 04:40:29 PM

thank you for the info

Its about damn time! Cryptsy has been screwing around for quite awhile now. I managed to get my stuff out a week or so ago, at quite a loss of course. At least most managed to get out their coin unlike the gox fallout

I got a withdrawal from over 4 days old. WTF?
No reply nothing. Will they realy steal our money. I am so angry right now.

l8nit3

legendary

Activity: 1007

Merit: 1000

thank you for the info

Its about damn time! Cryptsy has been screwing around for quite awhile now. I managed to get my stuff out a week or so ago, at quite a loss of course. At least most managed to get out their coin unlike the gox fallout

BTCBinary

hero member

Activity: 504

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Cryptsy or the new GOX?
Cryptsy is going Craptsy. I still haven't managed to get my coins out. I imagine how many Dev teams are being impaired with this situation.

wlefever

legendary

Activity: 1174

Merit: 1001

Welp my time to try and withdraw my small amounts of BTC left in Cryptsy has resulted in a Pending withdraw. I had never really had an issue, but have been following the insolvency threads which look like are all true.

Spoetnik

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FUD Philanthropist™

Quote from: adaseb on December 07, 2015, 01:56:39 AM

I was going to do some arbitage because I noticed that there is a high bid on Cryptsy compared to most other exchanges on Doge.

Then I noticed that many people are complaining about withdraw issues. Luckily I sent my Doge back to the other exchange minus the fees.

So I guess you can withdraw DOGE and not BTC. Same thing happened on Cryptorush.

These damn exchanges.

Please don't..
All your doing is putting yourself at risk.
And causing a higher premium to people forced to buy a shitcoin to bail out of Cryptsy.
AND making far too much traffic for the site to process withdrawals.

People doing that are pathetic vultures making a bad situation worse.
You decide to Arbitrage coins over there to capitalize on others misfortune while
making user wait times longer and longer.

Please think about it from different angles guys.

bhokor

legendary

Activity: 966

Merit: 1000

....what the hell, really sad to see so bad behaviour in some exchanges, it was one of the biggest..

erre

legendary

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Quote from: junbi39 on December 07, 2015, 03:09:21 PM

insolvent?that remains to be proved.

They are supposed to prove to be solvent, not the contrary!
The prove that they are insolvent is that I can't withdraw!

MaritiJames3

sr. member

Activity: 448

Merit: 250

They are not gone yet, but give it a few weeks. Cryptsy losing so many customers can't be good for business. Then them
getting so much bad media attention makes it even worse. I don't think they will be able to survive this mess.

Bobsurplus

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Making money since I was in the womb! @emc2whale

Quote from: owlcatz on December 08, 2015, 09:51:42 PM

Quote from: MaritiJames3 on December 08, 2015, 06:12:57 PM

It is not over, but it will be come january. Just look how the market of altcoins is destroyed for coins which sole exchange was cryptsy.
Don't be too late, and withdraw your funds people.

Good. Alt coins suck. They are a scam. Pump n Dump. They suck money out of bitcoin and other non-scam new coins like monero etc.

LOL, how do they suck money out of bitcoin?

owlcatz

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Activity: 3570

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Quote from: MaritiJames3 on December 08, 2015, 06:12:57 PM

It is not over, but it will be come january. Just look how the market of altcoins is destroyed for coins which sole exchange was cryptsy.
Don't be too late, and withdraw your funds people.

Good. Alt coins suck. They are a scam. Pump n Dump. They suck money out of bitcoin and other non-scam new coins like monero etc.

MaritiJames3

sr. member

Activity: 448

Merit: 250

It is not over, but it will be come january. Just look how the market of altcoins is destroyed for coins which sole exchange was cryptsy.
Don't be too late, and withdraw your funds people.

Topic: It's finally happened CRYPTSY is insolvent (Read 10067 times)