Topic: The Exchange cryptsy dies? - page 2. (Read 3254 times)
This is a good learning curve for people who have been into cryptos after gox disappearance. For the past two years, cryptsy have been in exchange business. Many times, I have heard about poor performance of cryptsy. The trades are done slowly. Many people were aware of the current issues which might arise. They have kept their funds out of the exchange. Still now, you need to admit some loss to withdraw your currency. Who knows, they can come up with their faults and find out solution for all the issues. No one can assure.
At last i got all my funds out of the sinking cryptsy boat, i feel much better now.
So this is really the end? I have been reading about cryptsy dying for months I think, but whenever I entered the site it seemed to work. It is true that some coins were overpiced, though.
Fortunately (it seems) I have nothing in cryptsy right now.
Fortunately (it seems) I have nothing in cryptsy right now.
It's the end..
No office
No withdrawals
No news/updates
No support.
All the signals are there, vern wanted to get out and decided to get out like a thief.
So this is really the end? I have been reading about cryptsy dying for months I think, but whenever I entered the site it seemed to work. It is true that some coins were overpiced, though.
Fortunately (it seems) I have nothing in cryptsy right now.
Fortunately (it seems) I have nothing in cryptsy right now.
Try to withdraw from cryptsy as altcoins as fast as possible. Seems they are insolvent at the moment.
I think it will not make the end of this month.
Honestly prices of coins are unrealistic, the support team is gone.
And Vern is on the bahama's
Honestly prices of coins are unrealistic, the support team is gone.
And Vern is on the bahama's
I don't know how many threads we already have of this topic, been seeing and saying to trade at cryptsy with caution. its been a time bomb for YEARS...
I cannot doubt your topic assertion because nobody can withdraw any coin from their website not only bitcoin but they are still receiving deposits.
What is happent to cryptsy?
a withdrawal of all coins with high volume is no longer possible or the amount paid has been severely limited.
the altcoins where a withdrawal is possible where the price is about 30-50% higher than the normal rate.
Cryptsy was removed from coinwarz and coinmarketcap
a withdrawal of all coins with high volume is no longer possible or the amount paid has been severely limited.
the altcoins where a withdrawal is possible where the price is about 30-50% higher than the normal rate.
Cryptsy was removed from coinwarz and coinmarketcap
"Somebody Photoshop me, please!"
I took what i had out a few months ago, but i had approx 0.5 BTC left in there, trying to withdraw it yesterday, i noticed that they have reduced the (unverified) withdrawing limits to the equiv of $25 a day and $100 a month. i tried to withdraw the BTC equiv of $25 yesterday, and this morning i notice the transfer is still pending. hmmm
THis is the same as when a bank goes down, aka "capital controls" not letting people take their money out
THis is the same as when a bank goes down, aka "capital controls" not letting people take their money out
It can be brother...
Because crypto don't have market as well as btc...
So their prices are too low and transaction fees can also... so in case of crypto if you can have a bulk amount then it should be profitable..
But never mind.. bitcoin is always thwr to beat everyone..
Trade between btc usd dash ltc coins...
Because crypto don't have market as well as btc...
So their prices are too low and transaction fees can also... so in case of crypto if you can have a bulk amount then it should be profitable..
But never mind.. bitcoin is always thwr to beat everyone..
Trade between btc usd dash ltc coins...
cryptsy gave more warning than even Mt. Gox. If you still have btc there, you are incredibly naive.
Anybody have any luck getting any type of withdrawal in the past week or so? USD by check or any particular crypto?
This is so sad.. i used to do my trades here..
the withdrawal also got processed almost instantly.. why.. oh why...
the withdrawal also got processed almost instantly.. why.. oh why...
Have't you seen the latest interview with one of the Cryptsy founders?They were requesting on the camera to not put this interview in public because they're scared people might start showing up in their office.One of the reasons I feel they moved their office.Its over for me the day I withdraw my bitcoins.If you still have a chance please withdrew your coins.
but why they become insolvent if are free?
Although we don't know exactly what's going on with Cryptsy, some possibilities are, in order from least to most scam-oriented:
1. Bad Business Practices: Sloppy accounting, lack of professional standards, poor cost containment. I.e., what happens when an immature person tries to run a company.
2. Bad Trades: In order to make markets, they were taking the other side of customer trades (acted as principal in the transaction). The trades went bad on a large scale.
3. Liquidity problems: They ran into problems settling trades. They ended up with a big inventory of alts that was declining in value.
4. Misfeasance: They "borrowed" from customer accounts to pay ongoing operating expenses, fully intending to pay the customers back. It didn't work out that way.
5. Malfeasance: Assets in customer accounts were expropriated for personal use, possibly with intention of repayment, crossing fingers that they could repay.
6. Ponzi: Despite what was displayed on the website, they didn't really have an inventory of coins. The transactions were faked. When deposits net of redemptions stopped
growing, the music ended, leaving account holders to scramble for chairs (withdraw their coins).
What to find?
Quote
Case Caption: LORIE ANN NETTLES V PAUL EDWARD VERNON
Court: DR - DOMESTIC RELATIONS/FAMILY
Type: DI - DISSOLUTION
Status: PE - PENDING
Court: DR - DOMESTIC RELATIONS/FAMILY
Type: DI - DISSOLUTION
Status: PE - PENDING
Quote
5 3RD PARTY DEFENDANT @3741815 CRYPTSY INTERNATIONAL LTD Aliases: none
6 3RD PARTY DEFENDANT @3741816 PROJECT INVESTORS INC Aliases: none
7 3RD PARTY DEFENDANT @3741817 HASHMAX USA LLC Aliases: none
6 3RD PARTY DEFENDANT @3741816 PROJECT INVESTORS INC Aliases: none
7 3RD PARTY DEFENDANT @3741817 HASHMAX USA LLC Aliases: none
Cryptsy withdrawal problems possibly due to CEO divorce proceedings
And this news
http://bitcoinist.net/cryptsy-has-moved-out-of-their-building-unannounced-nowhere-to-be-found/
Cryptsy is not dead yet, but he is sure dying slowly in a painful way by taking other people money
What is happent to cryptsy?
a withdrawal of all coins with high volume is no longer possible or the amount paid has been severely limited.
the altcoins where a withdrawal is possible where the price is about 30-50% higher than the normal rate.
Cryptsy was removed from coinwarz and coinmarketcap
a withdrawal of all coins with high volume is no longer possible or the amount paid has been severely limited.
the altcoins where a withdrawal is possible where the price is about 30-50% higher than the normal rate.
Cryptsy was removed from coinwarz and coinmarketcap
I think That this is market a joke, "big vern cryptsy" has always thought of taking "bribe" to add altcoin in his exchange, this is a result
what big vern is saying in regard to this? i always thought he was a nice guy and honest, and suddenly they turned into scammer, seems strange
got my last coins with xpm out there.
NMC payout halved repeatedly until settlement
VTC has stopped in the middle of pay
PPC has stopped in the middle of pay
xpm with up to 4x 3000 coins were successfully paid off
NMC payout halved repeatedly until settlement
VTC has stopped in the middle of pay
PPC has stopped in the middle of pay
xpm with up to 4x 3000 coins were successfully paid off
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