Back in October, 2015 when the public was still unaware of Cryptsy’s underlying problems we wrote an article warning users of depositing funds to Cryptsy because they might face potential problems withdrawing those funds. Due to numerous posts on Bitcointalk we decided to bring user’s complaints to light and shed light on potential problems that Cryptsy was facing. We titled the article Do Not Deposit to Cryptsy – gone gull MtGox. Looking back the title couldn’t have been more appropriate as recent news report over 10,000 BTC have gone “missing” from the Cryptsy exchange. The CEO Paul Vernon is conveniently hiding out in China not only from a pending class action lawsuit, but also due to current divorce proceedings with his wife which she filed because she found evidence of infidelity with a Chinese woman.
Our Cryptsy article got lots of attention and made it to the front page of reddit, this goes to show that people did agree with our concerns and wanted other to see the issues that were going on at Cryptsy. However, we were forced to remove the article shortly after due to a Cease and Desist letter we got from
Horus@cryptsy.com. Horus aka John MacPherson represented Project Investors Inc which represented Cryptsy. A quick look on BBB shows that the business is not BBB accredited and has a rating of F:
Furthermore, a closer look as to why the business has received such a low rating shows problems with the product / service which comes to no surprise:
Read More:
http://themerkle.com/news/cryptsy-served-us-a-cease-and-desist-when-we-tried-warning-users-of-problems/
