Topic: WARNING Cryptsy exchange is a Scam site (Read 4821 times)

They were down for an hour or so due to an outage at our datacenter.

You can keep up to date on wallet statuses with our new twitter account https://twitter.com/CryptsyWallets

"Your withdrawal request has been successfully confirmed"
Everything was fast to this point, and I am expecting it will complete.
Cryptsy has proven to be very dependable for me and many other traders.

At all coins? For every user? Was there any explanation?

I had the feeling that they got their troubles sorted out, more or less. My last experience there (maybe half a year ago) was when support guys were employed/hired (my ticket after 2FA loss was solved successfully in a matter of minutes after creating it... I heard those support stories here on the forums, so Cryptsy was the last exchange I contacted to reset my 2FA, thinking it won't work out anyway because nobody will answer my ticket - I stood corrected when the reply arrived some five minutes later) and the user NetworkAdmin was constantly busy improving the system (it got faster, indeed), and also the staff in the chat has always been nice.

Luckily, I never went into negative balance.
But maybe there will be an explanation for the current lock of withdrawals, so let's be patient.

wish all the nay sayers were around for this moment. Cryptsy withdrawals are frozen ... never a good sign.

I was completely idle at the pc, when my 42 deposit tripled. You shouldn't assume that people are always madly clicking away. lol

Months earlier, it was the 30 DMD I withdrew, then found it still sitting there on my next visit.

Have you asked BigVern or BitJohn, why are these events occuring ?

The only time you get a negative BTC balance is if you are not paying attention during a trade lag and you put the order in again...and again.


You are exaggerating a lot or you are not competent/experienced enough to be an authority on this subject.
I've been spending more time on Cryptsy and it is really pretty good.

I honestly hope people are still not using this site.  Straight up losses

I wouldn't say Cryptsy was a scam. I highly doubt their intention is to rip of users. The site just over used and can't keep up with the volume.

They might know Cryptsy as "Project Investors"

Eventually, as with all Bitcoin businesses, we will find out Cryptsy was being operated by a 14 year old boy in his parents basement.

Cryptsy's fee shares are likely to go up in value.  That Dogecoin rally was on huge volume.  Like a weeks worth of volume in a day. So this Fridays dividend is going to be fat.  I guess this is what the future holds as more people and money come into Cryptsy.  Fatter and fatter dividends.

This week is a record though.  By at least 100% over past record.  Maybe more.

The problem with Cryptsy is the bloated and non-transactional code. I was also able (by their mistake) to sell twice some coins, ended up with negative balance and withdraws locked.

It's okay for miners that dump and auto-sell their coins, it's not so good for trading and arbitrage

warning signs are in..
im sure the "hack" is weeks or even days away....

Here is the property management company that leases their supposed address. They never heard of them.

http://genetgroup.com/property/delray-professional-center-inc/

Anyone in Florida want to pay a visit to this address?

1300 NW 17th Ave. Delray Beach, FL 33445

Or this one,

Project Investors Inc
8656 Tourmaline Blvd
Boynton Beach, FL 33472

I have problems upon problems with cryptsy. I've been really trying to shut up and wait for them to sort their shit out but they won't.
Right now I can't withdraw my money for the reason unknown to me. I've sent them a ticket, received message saying that "my ticket has been received" and another "that it has been resolved", and another one "it's been closed". I still can't withdraw my money and it's stuck there for reasons unknown to me.
I also experienced negative balance, delays and whatnot.
So for me it's a no no. They're either scam or useless - either way it's no way I want to carry on doing business there.

JJ

Bingo! This place is a 100% rip! Users Beware!

Guys I am also trading with cryptsy since a long time and i do have problems but when we put supports tickets they use to solve, in my case my long run was 70 hrs and that also happened because of having a lot of support tickets, We must understand such situations, They are trying to do there best and that we must support. If you do hace issuee just put your support ticket and tweet so your problem wil be solved.
But because of a simple problem its not good to blame as a scam, In my history i have more then 20 support tickets submited (some issuee i try to solve myself which could be solved by trigging the audit) almost all the supports were been replied within 12 Hrs or less and the only ticket took long was at the time of Vegas Conf. now they upgraded there system and making more and more smoother.

Good Luck
Note: I am just a trader like you guys who is happy with trading them
I dont have any other relation with Cryptsy to support them

The insider trader talk was simply disgusting at times. That is.. until 2-3 of us began to complain and basically had to spell out what insider trading was.

Then theres the resident hobo, jumping on every noob that walks in the door, beggin and askin them for emails and skype id's. Verry phishy ?!

Just don't use this scamware. Withdraw your coins and get away.

I realy dont underestand why so many people still using the site..


They collect fees from customers and dont offer anything in return! (eg. a working site or customer support)
Instead of dealing with their problems and bugs (they obviously have a lot), they are adding a new coin almost dayly. This clearly shows what they care about, profit!

This is pretty mutch the definition of SCAM...


In my Opinion they badly damaging the crypto community. I vote for scammer tag!




Also the poor excuses: lag, server overload, victom of own success... 
Please take a look at the cost for computing power, if you buy decent server hardware for lets say a month of cryptsys income.... you would handle that hand full of users without noticeable load!

The site is slow and buggy, I had litecoins disappear then magically reappear.

Please format, and then I might read your wall of incoherent drivel.

I join OP in his warning. I have experienced first hand exactly what he has described.

- half of the trade carried out (BTC for LTC)
- the other half carried out the next day way above my limit (when I had already transferred my funds out)
- BTC account in negative as result of the trade
- unknowingly, i transferred some new alt coins to my account but afterwards couldn't withdraw them because my BTC account was in the negative
- ticket opened three days ago, no reply

Moral of the story: I end up owing Cryptsy BTC and my altcoins are held hostage as long as I'm in negative.

I'd seriously advise anybody *NOT* to trade at Cryptsy's. It will ruin your time and cause you many worries. And when you think your troubles are over it, you will discover new ones. 

Lots of people seem to excuse Cryptsy because of technical issues. If this were the case they'd be so incompetent to deserve to be out of business. I, like OP, believe on the other hand that Cryptsy is a scamming site, stealing people out of their coins. You have been warned.

me too, but only with btc. And since i like to play with crypto-crapcoins but unwilling to install a cryptocrapclient for each one, my solution is to spread the risk and the crapcoins among a number of exchanges, which are hopefully unlikely to fail/scam all at the same time.

LOL if you put all your money in bitcoin YOLO style you'll die poor and homeless since you lack basic financial skills.

I've been on Cryptsy and yes they are buggy but all my tickets have been resolved.
Sometimes you go negative because you've sold your coins twice and they correct it during audits.

BTC-e on the othehand stole 2BTC from my coworker. No withdrawl mail, no nothing and his money got traded to LTC and transferred to an account with 50000 LTC. Since he had multiple passwords (different for mail and BTC-e it is unlikely that a hacker had both passwords).

Anyhow the basic rule applies. Only put money into an exchange that you are willing to lose (incl. stolen). I put >80% of my coins in cold storage aka paperwallet.

Damn, tough thread to read about all or nothing people. Don't play the bitcoin game if you can't afford it

i see people call cryptsy is scammer also btc-e and ofc mt.gox too
some of say if they dont refund me i may be a homeless

u people really scare me i never use my own wallets 

I would be willing to bet that none of you have taken the time to contact support and just gotten ignored.

If you have, and can prove it, then I stand corrected.

But I sent a whiney, irritating email to them when their site was being slow.  It didn't even deserve a response.

They replied anyways, 4 days later, profusely apologizing.  I was already over it.  But here they were, taking the time to reply anyways.

He said they had over 8,500 inbox requests to go through still ...

If you have proof that you've been "scammed" then you should all post your email chain and prove that nothing has been done, and your coins were stolen.

Just posting that its a scam with nothing backing it ..... the devil is in the details.

They audited my account for .05 BTC, no explanation when asked.

you want to go there, then fine. actually it isnt me that had the issue so much but the multiple users complaining about it. they sent some guys into negative btc which they were unable to pay their way out of. they totally ruin the trading experience for beginners, throwing them in the red, taking their small change and kicking them off the system basically since they can no longer withdraw disheartened.

question.. why does cryptsy even allow users to go into negative balance. seems very much like a ploy, if the system doesnt allow loans, then why is it even possible.

next incompetence is abound in the lack of support. just ask my diamonds which i sent to cryptsy 3 days ago. ive been begging for support and launched multiple tickets until my patience ran out. every day i went to support and asked for help every couple hrs and either noone was there or whoever was there couldnt do anything and every single new day they pretend they never heard about 'disappearing diamonds' issue and its the first time im speaking to them about it. and the diamonds are sitting right there in the block chain showing deposited at cryptsy address.. in 3 days they couldnt rectify this and the price of DMD has since dropped in half.

my diamonds are still awol even though support assured me it would be sorted out as soon as the sync was finished. i suppose a sync takes more than 12 hrs. but really they have no intention of giving me my diamonds back as far as im concerned. 3-4 days for a diamonds deposit is not incompetence.. u may be right. it's something else.

Sounds like you messed up by setting multiple asks even before your balances were rectified.

They do have a slow turn around time when cancelling orders, and as to your claim to their incompetence, I believe you should turn the mirror on yourself before casting the first stone.

They should have taken steps to stop new sign ups weeks ago when they started to have these problems until they got there system ungraded properly. Instead they decided to keep increasing volume to make more money. It's not criminal but it is stupid.

Just don't do business with them until they sort their shit out.

I haven't used them in weeks.

it's obviously nowhere to trade for anyone who is serious about trading. might be run by highschool kids because they really cant get anything right for months.

You wouldn't have this problem if you were HODLING!!!!!

Hmm, ive had a few problems and so have people I know in the forum..

IDK why this isn't in altcoin forum.

OP needs to understand that the govt considers this to be monopoly money unless US dollars are changing hands.  No one in the US govt cares.  No one in FL govt cares.  If Cryptsy is not working for you, go somewhere else.  It sucks but that's life.

Call the Bitcoin Police quick! lol

What is the difference between a buggy site that isn't being run as well as it could be ...

... and a site run by a sinister Dr Evil who is out to harm everyone?

The difference is paranoia on the part of the observer.   And a tinfoil hat.

-Burger-

if you trade there you will face the nightmare of having your coins sent into negative, traded at higher than order cost. trades sold/bought multiple times, the support does not tend to tickets.. they just close them when you open them. there is no support, you get no answers.. and when your coins go missing they tell you to buy it back.

if you dont believe me, then go and deposit your btc there and try to trade.. but remember you were warned. it wont take more than a few hrs for u to start experiencing mild problems and as u trade more the problems will increase. your deposits will stay frozen in every event until the value of a good trade item goes down. and finally, you will have many problems withdrawing if you fall into theire 'negative balance' trap.

the system as mentioned before will push an order through multiple times and send your btc account into negative, u will then be banned from withdrawing your coins until u rectify the negative. even if it means selling back the stock at half price. which is just about when the order will go thru after not showing in your open orders all day.

I believe the site should be investigated because the level of incompetence is far above amazing.. if u want.. go and see for yourself at their support channel on irc.freenode.net.

I advise all to proceed with extreme caution. but even that can result in your deposits being stolen and never being credited to your account even though they are shown deposited on the blockchain.

believe me when i tell you.. im not exaggerating in the slightest.. and that site needs to be looked at by someone.