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Topic: WHY I DON'T TRUST CRYPTSY WITH MY MONEY (Read 8158 times)

legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
January 17, 2016, 08:07:19 PM
#57
The problem is cryptsy has no official thread in this forum besides only a few views the service discussion section.
So, the warning is not pretty much conveyed to the other users

No there is an official Cryptsy thread, they closed it shortly after I made these threads drawing attention to their fraudulent activities as a result of all the complaints filling it. Warnings from users here later were not exactly in short supply either.

You obviously want to tell everyone "I told ya so", and I get it.  You did.

https://youtu.be/Jfq3c4Cf1Fs?t=215
full member
Activity: 224
Merit: 100
January 17, 2016, 08:03:18 PM
#56
The problem is cryptsy has no official thread in this forum besides only a few views the service discussion section.
So, the warning is not pretty much conveyed to the other users
legendary
Activity: 3332
Merit: 6809
Cashback 15%
January 17, 2016, 07:16:45 PM
#55
Yes, TECHSHARE you sounded the warning buzzer back in 2013 but I don't think they'd gotten themselves into the trouble that led them to the present mess yet.  But who knows what the truth is.  I opened an account with them earlier last year and everything seemed to go OK, but I wasn't making huge trades.  Just some DOGE-->BTC.  Thank blob I did not deposit a significant amount of anything there.  They're fuckers over there.

You don't believe Vern's excuse do you? IMO they were engaged in various ponzis and other scams as well as being completely negligent running the exchange.
No, of course not.  We've heard the "we got hacked" story before with Mt. Gox and even if they did get hacked, they apparently didn't do anything about it until just recently.  That's gross mismanagement.  I said they were fuckers over there, did I not?

I don't know anything about them running or participating in ponzis but it would not surprise me.  I thought they might have gotten caught taking one side of a number of trades and lost when the price dropped (or something like that).  I don't see how an exchange can lose money any other way unless something shady is going on.  And I definitely believe something shady was going on.

You obviously want to tell everyone "I told ya so", and I get it.  You did.  I'm not arguing with you here.  They were shady all along it appears.
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
January 17, 2016, 07:08:41 PM
#54
Yes, TECHSHARE you sounded the warning buzzer back in 2013 but I don't think they'd gotten themselves into the trouble that led them to the present mess yet.  But who knows what the truth is.  I opened an account with them earlier last year and everything seemed to go OK, but I wasn't making huge trades.  Just some DOGE-->BTC.  Thank blob I did not deposit a significant amount of anything there.  They're fuckers over there.

You don't believe Vern's excuse do you? IMO they were engaged in various ponzis and other scams as well as being completely negligent running the exchange. Once the word got out they were failing there was a run and they got caught with their pants down and then manufactured this lame story to try to make their insider fraud look like an external hack. He is trying to accomplish what Mark Karpeles failed to do by filing bankruptcy at a market low and having the coins to sell later at peak prices, only being liable for the USD cash value at the time of filing. Karpeles must have got an offer he couldn't refuse and mysteriously all the "stolen" coins reappeared. We will see what kind of offers are presented to Paul Vernon. They were very much involved with the issues that lead them to this situation in 2013. Paul Vernon is a fugitive from justice most likely hiding in China. The funny part is he probably ripped off some Chinese customers too. Unfortunately for him they don't give slaps on the wrist in China for large scale financial frauds. Rest In Piss Vern.
legendary
Activity: 3332
Merit: 6809
Cashback 15%
January 17, 2016, 06:49:00 PM
#53
Yes, TECHSHARE you sounded the warning buzzer back in 2013 but I don't think they'd gotten themselves into the trouble that led them to the present mess yet.  But who knows what the truth is.  I opened an account with them earlier last year and everything seemed to go OK, but I wasn't making huge trades.  Just some DOGE-->BTC.  Thank blob I did not deposit a significant amount of anything there.  They're fuckers over there.
sr. member
Activity: 420
Merit: 250
January 17, 2016, 06:22:33 PM
#52
I think they have cancelled all withdrawals again. Right now i have to initiate them again. For good luck's sake I will do that.
But to answer your question, no I don't trust them anymore...


It won't matter to start a new withdrawal.
In their email they stated there is a problem and they need 'our' help.
This gives me no trust whatsoever they will honor this new set of withdrawals..
hero member
Activity: 616
Merit: 500
January 17, 2016, 05:21:04 PM
#51
I think they have cancelled all withdrawals again. Right now i have to initiate them again. For good luck's sake I will do that.
But to answer your question, no I don't trust them anymore...
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
January 17, 2016, 03:39:55 PM
#50
Who else is seeing this repeating pattern of the same errors over and over again with increasing frequency coupled with empty apologies and promises that it has been fixed. Is it just me or does this place seem to be on a severe downward slope? It seems far too often they are more concerned with their trade fees rather than the customer base.


I was warning you all in October 2013 (and before). Everyone get on the bandwagon, because after the fact is clearly the time to do it.
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
November 11, 2015, 07:06:30 PM
#49
I tried to warn you...
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
member
Activity: 93
Merit: 10
January 21, 2014, 10:39:46 PM
#47
Yesterday, i saw tons of open complaints about "withdrawal pending for hours and days" thread, especially for dogecoin, at cryptsy support. Today I go check, all threads are gone?? not a single one, Hmmm.... why? All resolved? Even if they are resolved, why they take down those complaints thread?
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
January 21, 2014, 01:56:43 PM
#46
I have 5 pending withdraws. One sent a confirmation email. The rest generated no email. Bit John blamed it on my host in a ticket. I checked nothing is wrong with my host. No reply or withdraws confirmed or not for 5 days. How long are we supposed to wait before we take group action?
hero member
Activity: 700
Merit: 500
January 16, 2014, 11:54:36 PM
#45
I honestly think cryptsy bit off more than they can chew. They have too many pairs and opportunities for screw ups.

Picking a handful of trading pairs and doing very well like BTC-e would net them much more success.

Good luck to all their customers as I am a previous user refuses to use them anymore based purely on the number of public complaints I have seen.

Honestly I can't point to a safe place for the altcoin trade to go. Mcxscam was sam, vircurex is scam, Cryptsy looks incredibly like scam, and BTC-E wavers along the lines of scam.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 04:50:43 PM
#44
I honestly think cryptsy bit off more than they can chew. They have too many pairs and opportunities for screw ups.

Picking a handful of trading pairs and doing very well like BTC-e would net them much more success.

Good luck to all their customers as I am a previous user refuses to use them anymore based purely on the number of public complaints I have seen.
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
January 15, 2014, 09:19:43 AM
#43
I have been getting repeated reports from users that Cryptsy is blaming the IFC network for their withdraw delays.

THIS IS FALSE AND A PURPOSEFUL LIE ON THE PART OF CRYPTSY TO DEFLECT RESPONSIBILITY FOR THEIR OWN SYSTEMS FAILURES.

Is this really what you are reduced to? Deceiving and blaming your user base for your own internal problems? This is grade school type behavior, not the actions of some one with whom you would trust your money. The IFC network is functioning fully with transactions flowing...

See for yourself:
http://exploretheblocks.com:2750/chain/Infinitecoin?count=500&hi=580496


CRYPTSY TAKE RESPONSIBILITY FOR YOUR FAILURES AND STOP BLAMING EVERYONE ELSE!
hero member
Activity: 518
Merit: 500
December 16, 2013, 07:39:05 AM
#42
Wasn't there a thread of somebody suing them? All their info are publically available. Fuck, I'd throw a considerable amount at that initiative to see these people burn.

They held 200USD worth of coins, which are in their wallets, and deposits are working on those same addresses now but the money hasn't shown up. In the meantime, they inside traded the shit down to the point that it's now worth only 100 USD.

It was a small amount to deposit there, but still, they are sketchy and I suspect them of frontrunning. Better sue their asses and make them burn.
legendary
Activity: 3318
Merit: 1958
First Exclusion Ever
December 16, 2013, 07:06:19 AM
#41
Now for the third time Cryptsy has pulled IFC at the peak of trading.... This time it is just regular good old nonspecific unannounced maintenance. It is starting to become apparent cryptsy staff have an inside trading agenda and are using these constant errors as cover for manipulation with bugs and by taking coins on and off the market at opportune times. I tried to warn them how quickly its user base would turn on them but they didn't listen.
sr. member
Activity: 315
Merit: 255
December 11, 2013, 07:17:21 AM
#40
Yeah none of my orders are going through. Market buy just queues up and sits there for ages never being executed. Cryptsy needs to fire engineering staff, this barely seems to work at all.
sr. member
Activity: 406
Merit: 250
December 11, 2013, 12:15:02 AM
#39
why is the buy side of the order book on cryptsy often at twice the price of the sell, is it totally lagged up?

hero member
Activity: 700
Merit: 500
December 10, 2013, 08:41:35 PM
#38
are they no good either then? can you post an explanation? or are you adding to the mental rot also?

Here you go. Perhaps you ought to explain to twentyseventy there why it is that the link will have to continue to be posted.

you lost me completely, but hey ho, if i offended anyone, i am sorry

Vircurex is run by the Cryptostocks person. The article linked in the linked posts goes over a lot of problems with that particular operator.
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