Topic: So Cryptsy's CEO predicted this would happen. (Read 1556 times)

I hope so, but unfortunately as long as he stays in China I'm not sure anything will happen to him. BTW I'm dropping a link to the Cryptsy Scam thread because a lot of this is being discussed there:

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

"I need to recuse myself from being present in this case because I, too, lost SexCoins on Cryptsy. I was one of the top ten holders of the coin but never spent any because I was unsure who exactly would accept them except for a Secret Service Agent, but I think we all know what happened with him."

Don't be such a pessimist, a guy needs to have some kind of hope there is still a smidgen of justice left in the world.

Yes they have some bitcoins of mine too.  More than a couple of bucks.  I doubt I will ever see it again.

Speaking of KARMA, I want my karmacoins back! not to mention my thousands of sexcoins they stole (worth a couple bucks  )

Wow that is an incredible outcome what I read all here. His personal life isn't that great anymore after he got greedy and can't control his expenses.

He'll only get what is coming to him, may take awhile but he'll be ruined.

Will the jumpsuits be the same shade of bright orange that Sonny Vleisides of BFL won't be wearing or is there a for-real bright orange that I'm not versed in?

I have given up hope on any return of significant value from what was left in my Cryptsy account, but it would be nice to see a few former Cryptsy executives and employees wearing bright orange jumpsuits for the next 20-30 years.

This was to happen. Weeks before disclosing that the digital currency exchange Cryptsy was insolvent, CEO Paul Vernon told a Florida divorce court in a financial affidavit that he expected the operator of the exchange to fail.

Cmon...
A lot of people was predicting this since Cryptsy open it's doors.
Now, I wonder where Big Vern is spending our coins...

Paul Vernon and his team scammed marks since 1997 while he was supposedly in the Army sucking the dicks of 3-, 4- and 5-Star Generals in the Hood down in Texas. Paul Vernon jacked off over himself when he stumbled upon Bitcoin knowing in his mind that he and his team could reap millions, more that what he fucked over in the porn and penny auction sectors combined.

I think the lawsuit names Project Investors and Paul Vernon.  Regardless, they are not optimistic to recover much.

well they were only doing a maximum of 3000 volume at a 0.2%buy 0.3% sell (0.5% trade fee=15btc a day)

if you have over 40,000 coins and knowing that only 10% moves in or out at a time then yes stealing anything from 25%-90% is tempting for those without morals.
as oppose to running the exchange at 15 a day which would take 2 years to make 10,000..

so those without morals would easily see that taking 25% (10,000) and hoping the trading fee's can recoup that deficit in time to go unnoticed.

but it seems they got greedy and now want to keep the majority of coins

The temptations to go nefarious must be incredibly strong when you're operating an exchange. Ultimately though it's a dim move. You can run now and fuck yourself for life or build a real business that might sell for way more than you steal. Unsurprising but still pathetic and loathsome especially to keep taking deposits when you know of the 'hack' for such a long time.

A lot of us tried warning you guys for a LONG time.. Maybe you should stop listening to trolls and start listening to people with actual experience in the sector

If this is true, then we can assume that either the hack is a lie or after being hacked, Cryptsy's MO changed a little bit. This makes "Big Vern" a con artist (beyond having been trusted with coins and "misplacing" them )

Soo this is another exchange going down?Well i tryed it in the past and didnt liked it soo i hope all who were there can recover their funds otherwise we will see another bad experience related to bitcoin affecting thousands.

just to note anyone filing against "cryptsy" (only) under the pretense that its fincen registered, wont get very far. you need to file against
"project investors trading as cryptsy".
getting both names into the lawsuit. as it is the umbrella company 'project investors' that has the fincen registration.

EG Apple Inc. can easily declare itunes bankrupt, and close down itunes. while still running and profiting from apples retail and products business.
so just for instance going after Itunes, will make you only a creditor of the bankruptsy case. rather than something stronger against apple themselves

this is because "cryptsy" can file standard bankruptcy and leave the sheep to the wolves, where customers are fighting to their death just for a small chance of a small return.

but going after project investors means that the government get involved and penalize the wolves. which is more ammo to shoot at the wolves.
(hopefully the 1.4million dollar house gets taken, in the process)

so might be worth checking with your lawyers what they are going after, is it a proper lawsuit against a fincen registered company. or is it just wasting legal costs to be legally recognised as one of 'cryptsy' creditors in the bankruptcy that can take years for a small chance of pennies

P.S read my footer

yea he knew he was going to exit scam at some point, taking y'all precious bitcoins for posterity.

people using centralized exchanges, with not even a company being registered, are getting exactly what they deserve.