@spamsucks The only thing that makes sense is that when people approached him asking him about the hacking rumours, for months he said everything was alright and then vanished after convincing the world everything was fine.
Blaming employees and so on is one way of looking at it, the other way to look at it is simply that Paul was the owner and in-charge. He is ultimately liable whether he stole 13,000 BTC or if somebody else did. So far everything has been blamed on him because he ran off, that might not prove guilt but is sure gives a great indicator.
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I hope Paul Vernon makes a plea bargain with the authorities in the U S of A in which he is allowed to return back "home" to Miami (or where ever) and in return he surrenders the $7m or so that he stole.
Add to that an extra 50% on top of the original losses as a form of compensation so that makes his pay up around $10.5m and finally for him to pick up the legal fees so the lawyers will not eat in to the final fee.
That leaves Paul Vernon with well over $10m and that is enough for him to live in Miami or anywhere else with his ex-wife and his Chinese girlfriend.
Come on Paul Vernon, have some heart...
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@Kprawn i agree, money does bring out the worst in most people but thankfully there are SOME good folk out there ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmalialitman.files.wordpress.com%2F2015%2F06%2Ftrump-funny-hair-two.jpg&t=663&c=5co6vxwGXaTCvQ) @cloverme That is good advice you gave, thank you. I saw SpacePirate.io under your avatar so decided to give a browse. Nice idea, wish you success with it.
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if there weren't so many bogus claims made due to lawyers letting everybody know that the servers were erased, thus impossible to verify claims. Oh darn! I wish I had registered in time for the class action. I have emails and such things which can show some transactions. I feel gutted now regardless of whether I got back $0.05 per $100 or anything else because it was still recognition that I was swindled. I hope that Paul Vernon gets caught pronto - Lord bring him to his senses and allow him to return the stolen property back to its owners.
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Oh, that would be so jolly good, JollyGood. Hey, maybe Mark Karpeles will also come around and return the over half billion dollars worth of crypto he stole. Or maybe Joshua Zipkin of AMT will turn a new leaf and return the millions he stole. Or maybe Josh Zerlan will return the moneys he indirectly stole from users. Or maybe Josh Garza will return the millions he stole. Or maybe I'm just joshing you because it makes me feel jolly good. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I think it would be karma if Paul Vernon was stung by his Chinese girlfriend and dumped after she took him to the cleaners just like he took us to the cleaners via Cryptsy. I would be so jolly at receiving the good news ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I have no idea about these names you mentioned above because I only came back on the crypto forums a few weeks ago after a hiatus. I do feel sorry for all those who were scammed by the people you mentioned. The link you provided at Bithomp shows transaction taking place where millions of XRP are moved around! Paul Vernon got filthy rich by ripping off his own customers.
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You guys sad about some unknown coin, what if you were a bagholder of a big coin like Dash...watching it reaching $200 yesterday & I was like ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) Bitcoin and XRP are not unknown. As for your DASH being stolen, sorry to hear about it.
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Too Bad you didn't get a Claim in.
EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex I feel sorry for you... this must be so hard to take considering the price of XRP has increased so much and so obviously has Bitcoin.
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Believe me Bruno, I know the Feeling ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC. The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016 My Problem, as others have mentioned, is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015 ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I did not register in time for the class action. I wish I could still get my money back but cannot recall specifically how much I had in their wallets. Did you trace the Cryptsy XRP wallet to see where the XRP have been forwarded to?
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PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too. HAHAHAHAHA !! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Well spotted.... But seriously, I hope Paul Vernon has a heart and I hope he has a conscience and I very much hope is concious too ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) When he scammed everyone what was the value of BTC? Now the value is floating around the $2700 mark. He can easily pay everyone back AND still have a good life with his Chinese female counterpart.
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i dont know how you can trust someone from nigeria? most of internet scammers are from nigeria.most of them use dating site to scamm white women I am not sure there is any evidence about what you claim or why you came to that conclusion. Having said that I have no intention in getting in to business transactions from anyone unless I see them face to face in the UK which is where I am based.
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The word conscious and Paul Vernon don't belong in the same sentence or paragraph regardless the context. True... it remains a sad situation which can be resolved so easily IF the biggest protagonist (Paul Vernon) stepped out of the shadow and apologised to everyone and then paid back the BTC because even after all he spent the value of BTC has rocketed. Whatever he has left can easily pay back everyone he scammed but the man has no concious as you so aptly commented.
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The more I read about this the more I feel sorry for the investors. How can Paul Vernon sleep at night knowing what he did?
I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.
@Gleb Gamow Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.
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@arwin100 Ditto... you are absolutely correct. Thank you for the good advice, background checks and hopefully middlemen are essenital before trading.
@crazyivan I agree in that those who refuse an esrow here are not worth investing in at all but I would use an escrow for any amount not just the 0.1 BTC that you recommend. The ones who avoid escrows probably have something to hide and are better to saty well away from. As for Legendary accounts being sold that is so true. Do you know what the going rate is?
@Adbitco Yes taking care when dealing with trade is essential. It would help if the Legendary accounts are not allowed to be sold on but sellers and buyers exist everywhere.
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What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%) In all of the paperwork I have not seen the total amount available.
This settlement leaves open options for going after cryptsy and vern... That makes me happy. Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong
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I can't wait until someone finds Perv Vern.
It's only a matter of time -- TALL, rich, white dude in China after all....
It can't be fun always looking over your shoulder all the time, & having thousands of enemies. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Who would not want to be a fly on the wall if he ever gets caught?
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Question answered! They bought the "subscribers" (on fiverr.com! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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In the world of money, it is inevitable to have lots of scammers. People who would take advantage on the less knowledgeable and rob them. thank you for alerting other people with this. Scammers are really everywhere so we should be extra careful who to make business with. There are legit experts here tho whom you can trust and can ask to.
It has been a pleasure highlighting these scammers, it has been my duty to alert others to their scams. You are absolutely correct and adding on to that my advice would be avoid ICOs completely but if one does get tempted to pump their hard earned cash in to it then surely they should only consider investing after checking the feedback and profile on the forums of those behind the ICOs. For those being bombarded with requests to enter in to business with them, I would reiterate the same advice. Check feedback and never ever part with cash until or unless you see tangible evidence of the capabilities of the coders such as a URL.
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https://www.glassdoor.co.in/Overview/Working-at-Coinbase-EI_IE779622.11,19.htmWebsite www.coinbase.comHeadquarters San Francisco, CA (US) Size 51 to 200 employees Founded 2012 Type Company - Private Industry Finance Revenue $10 to $25 million (USD) per yearCompetitors Unknown Coinbase is the leading digital currency company in the world - #1 in market share amongst consumers, merchants, and developers. We make digital currency easy to use and secure for the masses. Founded in early 2012, the company currently has over 3.8 million consumer wallets, has over $3.5 B in bitcoin exchanged, over 37,000 merchants signed up (including Wikipedia, Time Magazine, Square, Dell.com, Overstock.com, reddit, and others), and 7,000 developers building on our platform. Coinbase has raised a total of $106 million from DFJ Growth, Andreessen Horowitz, Union Square Ventures, and others and is available in 32 countries around the world. The company is based in San Francisco and has 100 employees. So they have lots of money. They can make up the shortfall for losses incurred by Cryptsy investors "If" (only if) Coinbase was involved directly or indirectly, knowingly or unknowingly in assisting Paul Vernon screw his investors, then Coinbase should pay Cryptsy victims!
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@carlfebz2 Yes the genuine ones are probably backed by those people that have been here for a while and have some status. That still does not make it a viable option to invest, all it means is that the chances of them being serious to the project will be better than say dreamers who want to create bitcoin related visa cards and so on who prefer to chat on Tawk.to rather than here as it leaves no evidence of the conversations.
There will always be good options to consider but it is the projects that are a fraud from the word go that are created as a mirageof a real project but only want to steal your money that are the ones this forum cannot stamp out.
@Kakmakr That is a good place to let people know about scammers and yes I understand moderators cannot remove fraudsters. I hope these fraudsters such as the Nigerian bitcoin visa card one and the one who wanted 0.25 btc to start working on a demo that was to be presented to me after 3 weeks for me to decide if I want to invest or not are ones that are hard to filter out by the moderators but they play the long game trying to get friendly to convince you that they are legit but they have only one thing on their mind: to steal from you
@EXtremeAEX Nicely said about staying safe in an online world. After losing some coins in Cryptsy I have nothing stored on online wallets any more. I guess you are right in that just keeping safe and staying away from scammers in this place is in itself an art. I agree with you about the altcoin market being saturated and making profits in the 1000s% is possible but so could the losses. Nice advice, thank you.
AikFrank and valduz10 have been rumbled so beware everyone... I would advise to keep away from them
AikFrank wanted money as he said he did not eat properly for over 4 weeks and had to pay bills but because he was working full time on this "project" and he needed some money. I explained to him that after 4 weeks of working on it full time he should have at least has something better than a free download of adminLTE as his base. He was surprised I clocked his bragging about coding the site from scratch then he said he was a developer not a designer (yes, make of that what you will!). I explained I would give nothing until I saw a tangible working website or one that was nearly completed.
He used adminLTE for the admin but had nothing in UI to show for the customer UI where users sign up and register. Absolute waste of time, fortunately for him I was open minded and gave him the benefit of the doubt and said the site had potential but when he told me he had not paid bills nor eaten for over 4 weeks as he was working on this full time and he wanted money to support himself, I just had to laugh. He had no idea about legal fees for contracts for investing or selling and now claims he "sold" the project to a UK based company...
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@jollygood may be they think you are an old guy who has money to waste thats why they ask alot of money. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Yes maybe but so far no one received a penny from me. Many dreamers sending many messages asking for money but when it comes to showing something tangible they make excuses in the hope getting some money or in the event of the bitcoin visa card scammer, he went so far as to give an URL with adminLTE which he claimed he coded from scratch. What a time waste.
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