Bitcoin Forum

More here...  http://coinfire.io/2015/10/04/federal-investigations-of-cryptsy-underway/

Cryptsy should have stayed away from Paycoin.  I think this is where the Fed's alarm bells started ringing, when they got involved with that big of a scam.

It's a pity.  I liked trading at Cryptsy.  I never had a problem using them.

This is very serious,  there were many peoples jumping of point for alt coins, this will probably be a black eye for cryptos. But in a weird way i think it will renew interest in crypto's ala silk road.


J

I thought it was interesting seeing one of the things in the article they were investigating on Cryptsy is "fake walls" to manipulate price.  Yesterday I type on Poloniex, "welp, there's the scammer that puts up a fake 27 btc sell wall and starts spamming the sky is falling in engrish to try and drive down price", and of course one of the moron moderators types "there's no such thing as fake walls, stop that", then the wall is gone 2 seconds later.  They all claim to be running "clean" exchanges and tell everyone to not talk about manipulation while it just goes on non-stop in front of their faces.

Ill back this up. I was in the box when you made mention of it and do recall the mods trying to move past the thought.

If the BTS community had a choice, which exchange would you guys want BTS to be traded into?

This has been completely debunked.


I have had nothing but excellence across hundreds of trades at Cryptsy.



~BCX~



http://blog.cryptsy.com/post/130547612142/re-coinfire



http://s21.postimg.org/lddf7ofon/Capture.png

I want everything traded on a DEX because the exchanges can defraud people all day by running their own bots, trading with customer funds, having infinite liquidity, access to all long/shorts, etc.  There's no reason you should ever trust an exchange.  We don't need exchanges trying to censor people telling them they're not allowed to talk about manipulation while they watch it going on 24 hours and claim it doesn't exist either.  It's the equivalent of running a crack house and telling people they can't talk about drugs.

Wtf?  Seriously?

I think I'll wait and see before sending some coins back at Cryptsy.  I just don't know who's telling the truth anymore...

That's the same thing that GAW said when it was revealed that they were being investigated.

As if on cue, DashHoles are rising to defend their fellow scammer Big Vern and his scamcoin exchange (where most DashScam volume happens).


These DashHoles desperately want to dump their bags onto greater fools before the SEC/CFTC/FBI/etc catch up with eduffield and put that cargo cult leader in jail for defrauding his followers.

Hmm this Dash sounds interesting, I'm starting to get pissed at my Monero investment which has been on an eternal decline ever since the OTC trading pre-exchange days.

Also what concerns me, is that almost immediately after Cryptsy adds Monero, it gets under federal investigation. And further, Monero starts waving the red herring of "DASH defending Cryptsy" (such as the post above) and other nonsense trying to move the attention away from the correlation. Coincidence? Maybe.. but one might start to wonder how safe it is to deal with Monero given the circumstances.

Is this serious? Cryptsy is not looking good at the moment until proven innocent. But I wont be surprised if the Investigation turns out to be true.

Yes, Monero is what you DashHoles thought you were buying.  And it mainly trades on an exchange that is not being reported by Coinfire to be under Federal investigation.

Another nice thing about Poloniex is they know how to run an exchange, unlike you DashHoles' preferred scam-coin fraud nexus.

BigVern on Twitter: Cryptsy halts bitcoin withdrawals due to the blockchain malleability issue
https://www.reddit.com/r/Bitcoin/comments/3nqfww/bigvern_on_twitter_cryptsy_halts_bitcoin/

I have been able to withdraw BTC just fine (about 3 hours ago), appeared on the Blockchain quickly like normal. Took awhile to get confirmed though, for whatever reason.

Yes that was yet another concern, thanks for reminding.

You forgot to mention though that people still trading Monero there shows even Trolleros don't regard Monero as being useful privacy tool but just a speculative asset to sell to the greater fools (which is a natural resource that is just running out it seems).

Amazing four days later and the only source for this story is Coinfire.


~BCX~

equally though there is only a blog rebuttal by the accused that you somehow clam makes the story "completely debunked"  ???

anyway I did my own proper checks (we do all the time in securites on companies eg before acquisitions etc while we have a paid service I'm sure theres freebies on the net for such searches), anyway Paul Verns actually talking the truth, there is no current investigation by any of the agencies listed in this article (though that doesn't completely rule out an exceedlying unlikely secret investigation, however Paul Vern would himself not know about this and therefore would still be stating the truth).

unsurprisingly from the records we look at its not from people lack of trying to get cryptsy in trouble, however no agencies has been interested in following up any claims false or otherwise.

My educated (in this field) guess would be, someone is suspicious of cryptsy borrowing or similar from uses funds, and trying to cause a run on them to expose this  :o and from examining resent uses withdraw issues including my own ( https://bitcointalk.org/index.php?topic=1173703.msg12638883#msg12638883), well make your own independant judgement.


now BCX you claim "I have had nothing but excellence across hundreds of trades at Cryptsy." however be honest, have you yourself actually be able to withdraw any significant btc or ltc (say 1k+ ltc worth) since this article was published?

Is Cryptsy's total volume traded in the site lower than usual?

Story checks out.

Seems legit!

Would trade again.

Amazing 4 days later and still people having withdraw issues on Cryptsy.  ::)

How surprising, the most relevant post in this thread is being conveniently ignored:

So just because someone posts that there is no investigation that we should immediately ignore that there is no systemic problems at cryptsy in terms of customers trying to withdraw their coins?

Puh Leez.

That must be a great comfort to the DashHoles watching their main scam-coin exchange going down in flames.

Amazing, 8 days later and now this in:

Maybe someone leaked this from the inside.

i think it is operation pull until further notice.

cryptsy is more or less a great place to trade but until the pending transactions clear, exercise extreme caution.

oh ... i'm like day 10 on a small CLAM withdraw but not trying to pull BTC or LTC so have no idea on them.

i have been on limbo for about 3 weeks now, btc, xpy,dash, and a few other alts.
Replied a couple of times from CS, but with the standard BS answers.How in the hell can anyone believe these cons is beyond me. No more incoming to craptsy

I don't like the news source at all. They provide most news based on accusations of certain users.
In the case of cryptsy it is a well known fact that big vern has some problems now, which is causing withdrawal reviews etc.

How surprising, illodin the DashHole is defending and cheerleading for Team Craptsy.  What is it with DashHoles always being so eager to White Knight for Craptsy?

Don't worry, the Feds are going to keep investigating Craptsy until all the funny business with Otoh's pumps and their Paycoin Master Controllers and Dash Master Nodes are exposed.

Meanwhile, enjoy your new home at Poloniex, AKA the exchange Monero (re)built.   8)