CRYPTSY stopping withdraw locking accounts without notifying users! Class Action

[peonminer]

Of course the databases continue to go off line. How else do you wipe all of the evidence?

[BitcoinCharlie]

Of course the databases continue to go off line. How else do you wipe all of the evidence?

With a flamethrower. The servers needed a little "touch up."

Skip ahead to 2:38

https://www.youtube.com/watch?v=OVvEsy396dA

[garmin]

Of course the databases continue to go off line. How else do you wipe all of the evidence?

I think they may be breaking some legal rules if they don't have backups...

Broker-dealers face the highest level of compliance under the SEC
For most broker-dealers one of the biggest challenges they face is achieving and maintaining complete data compliance across the entire organization. The multitude of industry regulations surrounding data compliance makes this especially complex for small firms that lack their own internal compliance and IT staff.  Inadequate funds and reduced budget also make it difficult for these companies to build and maintain their own data compliant systems in-house. Simply archiving email is not enough today - all data across all systems must be addressed.

Each broker-dealer (regardless of size) must address the data compliance regulation defined in four main rules:

1. 17a-3 - Books and Records maintenance  (SEC)
2. 17a-4 - Books and Records Retention  (SEC)
3. 3510  - Business Continuity Planning  (NASD/FINRA)
4. 3010  - Electronic Record Supervision  (NASD/FINRA)

[peonminer]

Crooksy, breaking the law??

[Gleb Gamow]

Hello,

All FIAT money withdrawals to cryptsy Wallet now stuck in https://cryptsy.commissionnetworks.com

After fill in withdraw to Bank (ACH) money stuck in "Processing...." mode, As commissionnetworks.com Support says

Cryptsy must do final approval to release the Funds.. Nothing is going on for more than a Week now.. Money still

in "Processing..." Cryptsy Support not replying.. I again contact the

Support of commissionnetworks.com... They confirm that it's not only my Wire is stuck but all of the withdrawals

from Cryptsy..  ..

Anybody else seen this problem???

Are you asking about cryptsy.ca or .com?

.com withdrawals are ALL as far as USD goes done via check. eur and other things of the like are a bit different.

.ca they have had a small bit of problems as vogogo recently changed all their API. Feel free to verify this with vogogo. None of this is out of the ordinary. Please stop the fud

Luckily, Marshall Long came along to put a stop to the FUD.

Yep, Cryptsy was taking and doling out fiat sans abiding to US laws. Who would've thunk it?

[dac10]

Since I began thinking, Vernon, can be blackmailed?! What do you think?

[peonminer]

[Gleb Gamow]

How does one of the top ten richest man in Kangaroolia not have any work history on Linkedin page prior to investing in Bitcoin? https://www.linkedin.com/in/zhenyatsvetnenko

How does Zhenya Tsvetnenko not look at Cryptsy's audits prior to entering into a mega-million-dollar business deal with them? http://www.asx.com.au/asxpdf/20140917/pdf/42s89c4j1j9vj2.pdf Further, was it the left or right cheek of Paul Vernon's ass where he pulled a quarter of a million dollars out of to commence the deal on September 17, 2014, not even two months after the event and about a month prior to them damning articles coming out causing a bank run damping Paul's plans of how Cryptsy was goin' to become solvent once again, replacing the reduced funds via deceasing his spending habits?

This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand.   The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.   This worked fine for awhile, as profits decreased due to low volume and low Bitcoin prices, we would adjust our spending accordingly.  It wasn’t until an article from Coinfire came out that contained many false accusations that things began to crumble.   The article basically caused a bank-run, and since we only had so much in reserves for those currencies problems began.

http://webcache.googleusercontent.com/search?q=cache:38lVJGxtP2cJ:stage.digitalbtc.com/wp-content/uploads/2014/03/DCC-Forms-JV-to-Enter-Additional-Digital-Currency-Markets.pdf+&cd=7&hl=en&ct=clnk&gl=us

“This is an excellent opportunity for us to diversify into digital currencies outside of Bitcoin, while also offering an additional outlet for our mining capacity,” said Mr Tsvetnenko.

“I’m looking forward to working with the world class team at Cryptsy, who are leaders in digital currency exchanges, to bring additional services to their over 250,000 strong customer base.

“We stand to benefit not just from an additional channel to monetise our mining capacity through leases and sales to Mintsy.co, but from the actual returns of Mintsy, as it provides services to digital currency customers across the globe,” said Mr Tsvetnenko.

Cryptsy Managing Director, Paul Vernon, will be appointed as Managing Director of the digitalX Minty joint venture.

“digitalX Mintsy is a great way for us to again increase the breadth and sophistication of services available to Cryptsy.com users. Mintsy.co will take mining to a whole new level of flexibility and convenience for our users, built upon our past successful track record” said Mr Vernon.

[Gleb Gamow]

From the desk of Serial Lyin' Hashers United:

http://blog.cryptsy.com/

Here are the transaction details from the Bitcoin wallet:

https://www.walletexplorer.com/wallet/0c07e0bec1002bd2

As you can see,  2014-07-29 13:17:36 is when the event occurred.   A very interesting fact here, however, is that those Bitcoins have not moved once since this happened.

With nary a thank you to at least two bitcoiners conducting independent investigations uncovering additional reductions of funds from Cryptsy extending the event a few hours earlier than Paul Vernon alluded to above, Paul announced three days later via a blog update on a Sunday evening that five more of Cryptsy bitcoin wallet addresses had been found where reductions occurred, alluding to having just found them, otherwise no way in hell Paul Vernon would've penned As you can see,  2014-07-29 13:17:36 is when the event occurred. (echoing the above).

– Update 2016/01/17 9:51pm –

Additional BTC transactions taken from another wallet on the same day:

https://blockchain.info/tx/e68f52a38f58e71b951a08650e20aea3f62f7331a3f548e99181f6dbf1cc1d51
https://blockchain.info/tx/48721871b11f716688fcf80a91a5c7586a1dddee83d90b84b564f3f29e11504c
https://blockchain.info/tx/790aa7ec2678552c88cf95110c0df4bcc16a72b8f7e6f331292b977cc6e481df
https://blockchain.info/tx/e8bb46bc6ea5f4580dd2b73f5d6a116e9023c84eb7c0fd4f34bcef3aca606fad
https://blockchain.info/tx/f3998a7e2e8b451106327d2c6e7f73ba58c2fd54b4bb3595b18a2d76e7d15f44

Paul Vernon would've simply included mentions of those five 100 BTC reductions at the onset of the GREAT REVEAL, only waiting till later to fulfill his promise of detailing the altcoin reductions that were part of the event:

"About a year and a half ago, we were alerted in the early AM of a reduction in our safe/cold wallet balances of Bitcoin and Litecoin, as well as a couple other smaller cryptocurrencies."

Bear in mind that Paul expands on the date and time 2014-07-29 13:17:36 when the event occurred with, "A very interesting fact here, however, is that those Bitcoins have not moved once since this happened.", further cementing the notion that that's ALL the bitcoins reduced, along with Paul's preface:

"Here are the transaction details from the Bitcoin wallet: https://www.walletexplorer.com/wallet/0c07e0bec1002bd2", with info on the altcoin reductions forthcoming, so please stay tuned.

But, I contend that Paul Vernon DID KNOW about those five earlier 100 BTC reductions when he penned his original blog post entitled Announcement on January 14, 2014.

Picture, if you will, Paul Vernon in his office on Tuesday morning, July 29, 2014, after the five 100 BTC were already reduced but prior to the main event. Mullich is in his office as well, along with Bryant Ibana and at least a dozen others, given that Cryptsy's staff circa this date consisted of ~40 employees by all accounts, granted a many of them worked aboard mostly from their homes.

In the same block as where Cryptsy's main event's reduction of bitcoin rest Comfortable Numb - 313009 - are two other Cryptsy transactions that HAD TO BE transacted by a human (or sub-human, as the case may be by all accounts - looking at Paul Vernon) given that's the ONLY way such could occur since at the time there were ZERO conformations, evidence of such, again, because a new block had yet to be created for the network to confirm Position 1087 of Block 313009 for Position 1088 (very next position) of the same block 313009- https://blockchain.info/block-height/313009. <Disclosure: No idea how positions are determined or their relevance, hence positions may be a moot issue in this regard, but that shouldn't take away the 2 txs being in the same Block sans confirmations.>

https://blockchain.info/block-index/453056



https://blockchain.info/block-index/453056



Timeline:

2014-07-29 12:44:35:  0.02148115 / 5.25580706 BTC  https://www.walletexplorer.com/txid/a02a1bd40e416b79659038ae7ad7555ca54787646bc2062a8dd476b484a2fbea

2014-07-29 12:54:47:  11,326.0961 BTC  https://www.walletexplorer.com/txid/c7b46a79fd8887038bd3a8e884b04820038415a60e0b9d2c2f5bcff68a2687bf

2014-07-29 13:08:35:  0.00098714 / 0.07503644 BTC  https://www.walletexplorer.com/txid/0ccf2e1351c4ec06df7f8fe3aeaf0858a7c462d1351de9ed6a14abc9f141f56a

Now, let's re-explore one of Cryptsy's bitcoin wallet addresses I've touched upon a couple days ago, it too containing unspent bitcoins (23 BTC) inputted on July 29, 2014: 1GvbfmuGwmA4nnT8p4T1KGNVNDS326Q6hh:



The below depicts the same as above, but we're going to track the change highlighted in the below:

https://www.walletexplorer.com/txid/b197ae3ce47b6cf83033c43b80feb57fcd70a5ac782eca8fb562ac43a6182049



Timeline:

2014-07-29 12:27:47:  23 (unspent) / 0.02148115 BTC (change) Block #313007 (pos 401)  https://www.walletexplorer.com/txid/b197ae3ce47b6cf83033c43b80feb57fcd70a5ac782eca8fb562ac43a6182049

2014-07-29 12:29:45:  0.2995 / 0.01002886 BTC (change)  Block #313007 (pos 402)  https://www.walletexplorer.com/txid/e4247a05b1891cef838cd2cada697c682a247219491c7560d46dd68a5feb2e1f

2014-07-29 12:44:35:  5.25580706 / 0.01123762 BTC (change)  EVENT Block #313009 (pos 1087)  https://www.walletexplorer.com/txid/a02a1bd40e416b79659038ae7ad7555ca54787646bc2062a8dd476b484a2fbea

2014-07-29 12:54:47:  11,326.0961 BTC  EVENT Block #313009 (pos 1)  https://www.walletexplorer.com/txid/c7b46a79fd8887038bd3a8e884b04820038415a60e0b9d2c2f5bcff68a2687bf

2014-07-29 13:08:35:  0.07503644 / 0.00098714 BTC (Cryptsy.com-old)  EVENT Block #313009 (pos 1088)  https://www.walletexplorer.com/txid/0ccf2e1351c4ec06df7f8fe3aeaf0858a7c462d1351de9ed6a14abc9f141f56a

[elpsycongro]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

[wmikrut]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

Proof of being watched... and if you so much as lift a finger... we'll know it.

[Gleb Gamow]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

[wmikrut]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

You definitely get cred for using venerable in a post!

[Bitskint]

Cryptsy site back up as I type.

Was the Twitter bit at bottom on the main page there before, I can not remember ?

[wmikrut]

Cryptsy site back up as I type.

Was the Twitter bit at bottom on the main page there before, I can not remember ?

That Twitter block has always been there.... well, for a log time anyway.

[Gleb Gamow]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

You definitely get cred for using venerable in a post!

Do I have cred for accidentally discovering that Cryptsy's office was abuzz prior, during and after the event via the some random info I gleaned from the Internet, taking a screenshot to boot to make sure you guys know that it's probably just some random stuff?

[wmikrut]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

You definitely get cred for using venerable in a post!

Do I have cred for accidentally discovering that Cryptsy's office was abuzz prior, during and after the event via the some random info I gleaned from the Internet, taking a screenshot to boot to make sure you guys know that it's probably just some random stuff?

To be honest... I have skipped passed that stuff... I know it means something -- I just can't wrap my head around it.
I have a small head.

[Gleb Gamow]

what is the point in putting all this transactions and screenshots?  no offense just wondering , i have myself lost some btc due to this but what is the intention?  i pretty much consider the little i had there lost for ever

To be honest, there's really no point at all. I'm just an old coot with nothing better to do with my life so I opted to exercise the hobby of seeking meaningless shit off the Internet and post such to increase my post count. If I'm lucky, Leroy Fodor will come along and quote this particular post to add cred to his StakeMiners Ponzi in furthering depicting me a useless fuck out to scam the community and extort venerable cryptocoiners like himself to make me stop my ridiculous onslaught.

That, and I aspire to be a creative writer some day like Leroy Fodor, foregoing attending Ohio University in Athens, OH, like he did where he earned his B.B.A.

You definitely get cred for using venerable in a post!

Do I have cred for accidentally discovering that Cryptsy's office was abuzz prior, during and after the event via the some random info I gleaned from the Internet, taking a screenshot to boot to make sure you guys know that it's probably just some random stuff?

To be honest... I have skipped passed that stuff... I know it means something -- I just can't wrap my head around it.
I have a small head.

Maybe this analogy will help you.

Pretend you work in an office where your job is to trade real ugly women 24/7 that stand in front of your desk. To the right (or left) stands a beautiful blonde that'll do anything for anybody and is worth millions. Your job is to make sure she doesn't go missing while you're doin' your other job of trading off the ugly women that keep approaching your desk for other ugly women, all the while staring at that blonde worth millions.

Question: How long would it take you to notice that she's missing given that there's a bell tied around her neck of her naked body that rung every time she moved? BTW, she's locked in a glass room so that nobody can touch her, yet she disappears anyway.

Oh, and I forgot to mention her five identical sisters not worth as much but still valuable, also in locked glass cages always within eyesight of you that may disappear first five hours prior to the million dollar baby going missing. Would you notice?

And, her valuable international beautiful naked cousins also in your office locked in glass cages that you're responsible for to make sure they don't turn up missing. Would you notice if they disappeared too?

[Gleb Gamow]

^^^ So, to put the above in perspective, Paul Vernon nor his ~40 employees noticed millions of dollars worth of cryptocurrency leaving a secure platform while working in their offices on an early Tuesday morning while conducting transactions during the heist, some of which are contained in the same blocks on the blockchain.

It took Paul Vernon a year and half later to learnt from a couple Bitcoiners that five one hundred bitcoin lots were also reduced during the event while they watched it happened in virtually real time.

[Melech]

^^^ So, to put the above in perspective, Paul Vernon nor his ~40 employees noticed millions of dollars worth of cryptocurrency leaving a secure platform while working in their offices on an early Tuesday morning while conducting transactions during the heist, some of which are contained in the same blocks on the blockchain.

It took Paul Vernon a year and half later to learnt from a couple Bitcoiners that five one hundred bitcoin lots were also reduced during the event while they watched it happened in virtually real time.

If I ran an exchange, I'd have a script checking for unauthorized coin movements from my cold storage wallet(s).  If someone tried to steal my funds, it would instantly make a new tx with slightly higher fee, and double-spend the coin back to myself.  Perhaps spend 100% as fee if the intruder were persistent...

That's just me, I'm a wily prick