CRYPTSY stopping withdraw locking accounts without notifying users! Class Action

[Suh]

I am out right around 4.0 BTC of value of various Cryptos on Cryptsy...

[Suh]

I lost 12 BTC.. I sold the rest of my coins now... Not losing to this rubbish again...

Which coins you are selling? Trading has terminated. How would u sell them?

I mean my remaining Bitcoin... Sold it all and now look and watch the price crash thanks to these scammers who took all our money

Yep... Likely to be quite a bit of selloff now.

[Spoetnik]

I lost 200k DGC only because they wouldn't let me back into my account...

You coin dev you ! hahahah

So what happened account inactivity ?

[gravitate]

I just can not believe people are still buying though... Not when its plumetting

[BitcoinCharlie]

I just can not believe people are still buying though... Not when its plumetting

After all the fraud on all the exchanges, I still can't believe the amount of funds that people keep in the exchanges. Just another lesson today from Cryptsy courtesy of Big Vern and the crew. When will people learn?

[ThePhwner]

I guess the potential upside to this is that with the Federal government's stance on Crypto scams, it won't be long before Big Vern is sitting somewhere taxpayer funded with Joshie and hopefully Marshall Long too. I'm out about 1 BTC so I can't complain that much; rule of thumb, exchanges are for exchanging not storing, but still, how outright fucking seedy to have known this was going on for well over a year and continuing to let people trade. I guess it's not so surprising given that our community is disproportionately inhabited by scammers and thieves. However most of them had the good sense to operate somewhere besides the US and under fictitious names.

Fuck you Big Vern. Seriously. Hacks happen but you handled this like a first class douche.

After all the fraud on all the exchanges, I still can't believe the amount of funds that people keep in the exchanges. Just another lesson today from Cryptsy courtesy of Big Vern and the crew. When will people learn?

Exactly. This is why you don't move your coins to an exchange until you're gonna trade 'em.

[CryptoNick]

Bitcoin tanking like a motherfucker guys !

https://bitcoinwisdom.com/markets/btce/btcusd

News related ?

Did the 10,000 start to sell off?

Ok so here is an Option that isn't listed. Cryptsy to be owned by all the account holders. They own it outright! How is a BankruPTSY going to solve even a fraction of the losses? Some servers and a Credenza sold off? Community takeover! Not sure if people would trust it again but this is better than Bankruptcy. Trading can go back to fees and all fees are split until each holder is paid off. If they already made back 3000 of the coins then time is the only factor.

Also when the Alts were traded for BTC all of these trades were technically on an internal ledger not associated with a BitCoin wallet. If there are no BitCoin to back any trades then this is the only possibility how trading kept going and the halting was on the withdrawing process when it converts to real BitCoin. So this is the real crime since other insiders could now take their Fake BTC and LTC sell them for other coins and get out leaving the buyers holding the fake BTC. Halting and investigation was the only legal option. Unless the investigation just lead them back to Cryptsy.

[owlcatz]

Bitcoin tanking like a motherfucker guys !

https://bitcoinwisdom.com/markets/btce/btcusd

News related ?

Did the 10,000 start to sell off?

Ok so here is an Option that isn't listed. Cryptsy to be owned by all the account holders. They own it outright! How is a BankruPTSY going to solve even a fraction of the losses? Some servers and a Credenza sold off? Community takeover! Not sure if people would trust it again but this is better than Bankruptcy. Trading can go back to fees and all fees are split until each holder is paid off. If they already made back 3000 of the coins then time is the only factor.

Also when the Alts were traded for BTC all of these trades were technically on an internal ledger not associated with a BitCoin wallet. If there are no BitCoin to back any trades then this is the only possibility how trading kept going and the halting was on the withdrawing process when it converts to real BitCoin. So this is the real crime since other insiders could now take their Fake BTC and LTC sell them for other coins and get out leaving the buyers holding the fake BTC. Halting and investigation was the only legal option. Unless the investigation just lead them back to Cryptsy.

No the coins have not moved (yet?). Once they do, i'm sure everyone will know very fast though. I'm also amazed beyond belief that they would just brush off a theft of over 5 million USD!! 

[ThePhwner]

No the coins have not moved (yet?). Once they do, i'm sure everyone will know very fast though. I'm also amazed beyond belief that they would just brush off a theft of over 5 million USD!! 

No kidding... That's what left me utterly amazed and confused. And almost certain Big Vern and co. were up to some really shady shit between then and now.

[Spoetnik]

@peoonminer do you have your old wallet stuff bookmarked ?

Does that old wallet with 6 million match the address info in Vern's Blog post ?

[baritus]

I lost 200k DGC only because they wouldn't let me back into my account...

You coin dev you ! hahahah

So what happened account inactivity ?

"Inactivity" AKA We lost everyone's money so we are appropriating your funds to try and survive.

[gravitate]

I lost 200k DGC only because they wouldn't let me back into my account...

You coin dev you ! hahahah

So what happened account inactivity ?

"Inactivity" AKA We lost everyone's money so we are appropriating your funds to try and survive.

YEAH! they gambled with what reserves we had and failed.... Now the people who know about this got quids in and we all got scammed like little fools. Thats why the bitcoin price is crashing and losing non affected members money also. The power of scammers

[kelsey]

I lost 200k DGC only because they wouldn't let me back into my account...

You coin dev you ! hahahah

So what happened account inactivity ?

"Inactivity" AKA We lost everyone's money so we are appropriating your funds to try and survive.

surprised you didn't see this coming, doesn't a fisherman always spot another fisherman from afar  

(i'm guessin u don't believe big v's my wallet got hacked story, just on the quiet),

[spazzdla]

When those 10 000 btc are spent, someone needs to get a quick drop and a sudden stop with a noose.

[TeamButtcoin]

When those 10 000 btc are spent, someone needs to get a quick drop and a sudden stop with a noose.

theyve been unspent for a year, key is probably lost, bits are gone forever

yospos bitch

[CryptoNick]

Bitcoin tanking like a motherfucker guys !

https://bitcoinwisdom.com/markets/btce/btcusd

News related ?

Did the 10,000 start to sell off?

Ok so here is an Option that isn't listed. Cryptsy to be owned by all the account holders. They own it outright! How is a BankruPTSY going to solve even a fraction of the losses? Some servers and a Credenza sold off? Community takeover! Not sure if people would trust it again but this is better than Bankruptcy. Trading can go back to fees and all fees are split until each holder is paid off. If they already made back 3000 of the coins then time is the only factor.

Also when the Alts were traded for BTC all of these trades were technically on an internal ledger not associated with a BitCoin wallet. If there are no BitCoin to back any trades then this is the only possibility how trading kept going and the halting was on the withdrawing process when it converts to real BitCoin. So this is the real crime since other insiders could now take their Fake BTC and LTC sell them for other coins and get out leaving the buyers holding the fake BTC. Halting and investigation was the only legal option. Unless the investigation just lead them back to Cryptsy.

No the coins have not moved (yet?). Once they do, i'm sure everyone will know very fast though. I'm also amazed beyond belief that they would just brush off a theft of over 5 million USD!! 

Amazing to say the least. Yeah I have to agree with you there something just ain't right. Man I was hoping we really were all wrong starting from the Blues Brothers on to Little China! Worst scenario possible... Sad day...

[gravitate]

When those 10 000 btc are spent, someone needs to get a quick drop and a sudden stop with a noose.

theyve been unspent for a year, key is probably lost, bits are gone forever

yospos bitch

That is my opinion also.... totally lost the p key out of a bad system or hardware malfunction...

[baritus]

I lost 200k DGC only because they wouldn't let me back into my account...

You coin dev you ! hahahah

So what happened account inactivity ?

"Inactivity" AKA We lost everyone's money so we are appropriating your funds to try and survive.

surprised you didn't see this coming, doesn't a fisherman always spot another fisherman from afar  

(i'm guessin u don't believe big v's my wallet got hacked story, just on the quiet),

I do believe him. The profit they were making was large and worth more than the theft could ever be.

Also, I made the right choice and shut down my exchange when I realized the security aspect would not be feasible for a small team. I returned 100% of all deposits. So no, there is no comparison. These are idiots who lost close to 100% of the users' funds. If they followed my example, this would have been avoided.

[Spoetnik]

When those 10 000 btc are spent, someone needs to get a quick drop and a sudden stop with a noose.

theyve been unspent for a year, key is probably lost, bits are gone forever

yospos bitch

naw.. i bet he has private keys to that 6 million dollar's worth of BTC peonminer found way back !

Any time i mentioned Crypto to my Mom she says ohh like that "Buttcoin" ahhahahah
She considers that one synonymous with crypto LOL
I guess i had told her about that Altcoin way back eh

Just a reminder guys..
It looks like the hack happened 1.5 years ago but Vern bought a million dollar house 1 year ago..

[logictense]

Well, its proven that factom addy is directly linked to the bunch of addresses associated with july hack.

We even had people https://bitcointalk.org/index.php?action=profile;u=76620 confirming the use of the same factom addy for sending dust to different accounts so as to affiliate them with 'early adopters' or 'supporters of emerging crypto technologies' https://bitcointalk.org/index.php?topic=990275.msg10945892#msg10945892.

This means that addresses that ever received dust from factom addy https://blockchain.info/address/1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH are marked as early adopters.

Here is one of the hackers addresses: https://blockchain.info/address/1DqCNwUffFTxULH8crehynw53TwrHnrv1c and a transaction that links factom vanity address and recipient's addy
https://blockchain.info/tx/b6e2d9e639b1bb70bda4de160531d7f0cacca8f842edcedab9f945b76faf0d56 on april, 2.

This would imply factom faggots and this fellow https://www.linkedin.com/in/davidajohnston would be involved in cooperation with ppl linked to hacker`s addresses.

Whoever controls these addresses https://blockchain.info/tx/c7b46a79fd8887038bd3a8e884b04820038415a60e0b9d2c2f5bcff68a2687bf they're recognized as early adopters or supporters of factom foundation and could even be among backers of their ico. Or they themselves could work at factom.