CRYPTSY stopping withdraw locking accounts without notifying users! Class Action

[GoldSeal]

Trying to withdraw 1 BTC from my account Tier 1 verified. Now in pending. let's see how long this takes. I'll document it here.

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[zazarb]

after 3 week waiting , my request to withdraw btc- cancelled (without ask and notify)

[GoldSeal]

Trying to withdraw 1 BTC from my account Tier 1 verified. Now in pending. let's see how long this takes. I'll document it here.

3.5 hours so far and still pending. Opened the obligatory support ticket.

[wence1975]

Trying to withdraw 1 BTC from my account Tier 1 verified. Now in pending. let's see how long this takes. I'll document it here.

3.5 hours so far and still pending. Opened the obligatory support ticket.

Let us know after two weeks

[Spoetnik]

I was thinking why that 1 hour down time last Friday ?
Could it be to remove traces of web site php code etc that was used to falsify market data ?
Or code that produced fake volume or maybe home brew bots to manipulate the markets ?
Everyone ha seen the old cliche'd "Wallet Problems" at Cryptsy once a coin shoots up in value. (and no problem anywhere elese)
And if you think about it.. If you believe they are screwing with our coins etc.
I bet then that BigVern has added code to simplify the process of stopping wallets.. maybe a UI for his handy work ? LOL
(so he can Arbitrage them exchange to exchange on his own  - while you all wait)
This has been a chronic suspicion for years.
So i espouse maybe that hour down time was to clean up his tracks.

Next up we have scenario #2
Not long ago BigVern got a knock on the door by US Fed's muttering about Homeland security and terrorist funding with a warrant.
This has happened a LOT in P2P / File Sharing communities for decades !
Later the guys who flashed the badges demanded a FULL DUMP !
They probably said we want it ALL ! ..IP Address logs.. Trade activity.. User Account Registrations etc.
This would explain the need to go offline cut off from public users for an hour.. freezing the data sans Dumping.

I may espouse here that "Homeland Security" or the FBI or one of the other many US Federal agencies
could simply mutter some shit about terrorists and they would have keys to the city in a heart beat !
This DOES happen all the time.
Move over 10k i think it is and you can be flagged for investigation easily.
Hell maybe they popped him for supporting Ransoomware eTerrorists who generate 325 million a year in bitcoin ?
And maybe they have been using Cryptsy to launder their money and have a little Altcoin pump and dump action on the side ?

Plausible ? Conspiracy ?
Lets rewind a bit.. These guys have implemented US Identity policies etc.

BigVern might be on his way to Guantanamo Bay for aiding Terrorists with Funding *services.. getting his cronies to Stall for time.

Let's see some quotes..
Cut short to make it easier to read.. Note: BitJohn does not work there anymore and claims to be under an NDA.
So i am taking the below quotes out of context and removed most of my own embedded quotes he replied to LOL
Each link has the full commentary.. point being is BJ has said LOTS about the US law requirements.
He's been dropping shit loads of hints about it all along and most of you are NOT picking up on it
Also the point here may in part be to flame conspiracy here.. BUT !
Let's not forget they do have US law requirements that Cryptsy is -obligated- to follow whether they like it or not.

I did quit the company after all so no didn't like many decisions made....

Your comments are interesting BitJohn, to say the least. Thanks for your insider perspective. We appreciate your feedback. Although, bound by your NDA, it is like reading the back of a bound book. There is so much fruit inside, yet you can not open the book, due to the tightly locked buckle put around it.

Care to share the Cryptsy cold storage Bitcoin wallet link?  

I actually had zero access to wallets don't know that info. Very few people did.

At one point there were about 50 some employees to hard to keep secrets like that in a large organization.

When I was at Cryptsy the Fincen stuff was a pain in the ass because its actually illegal for them to comment if someone did something.

I saw lots of posts when I was there where a guy would say his stuff is frozen etc. 99% of the time it was he was flagged and reported to Fincen. But the stupid law says you cant tell them that. It was a painful restriction. So lets say a company did something wrong who was a customer it was likely filed as a SAR. The big downfall with that is Cryptsy couldn't say hey yeah its fucked up so we reported it to Fincen. As that would be considered informing someone they were under investigation. At least my understanding.

I'll add I definitely don't think the current issues are SAR related lol. Unless the system started flagging all users.

As far as what your saying Peon. I don't work there don't really care I'm just telling folks what I know from being an insider within the bounds of the NDA I signed. There are plenty of folks working there who would be all over it if that was the case (at least my opinion) and they would not stay.

So what discussions has Cryptsy had with the SEC? Do you think Cryptsy can survive the run-on-the-bank scenario they are facing? People seem to think it looks like they are surviving on on their deposits hoping they can cope with the day-to-day operating margins to stay afloat. If they had to return all customer funds, do you think they could do it?

I think Paul will do what he can to make things right. What the future holds not sure probably been out of the loop to long. I have my own ideas etc but again I cant go into to much detail since I signed papers. I just think some of the plots and wild elaborate conspiracies are a bit tin foil hatty. Just knowing the people (At least I think I do)

Honestly I'm pretty done with altcoins and crypto altogether probably keep tabs on Bitcoin. But the banking and government regulation is just killing the fun in it all. So Id tell anyone I knew not to get into crypto if that answers your question haha.

I think Polo, Bittrex and Cryptsy will get crushed by regulation and get run out of the scene by the Geminis of the world (banks).

[jesselivermore]

"Hmmm does the Chinese Govt. realize their Paul Boy is a US army computer tech guy servicing 4 star generals ?"

Better be careful about pulling this chit over there.  Forget about federal indictments, Dem Chinee just disappear your azz:

In the last fifteen years, China has produced greater overall wealth than any other country. The number of its billionaires has gone from a mere 15 to around 250 in just six years, but for a number of these people this vaulted status is short-lived. According to one study, 17 percent of those on the list end up squealing their way to court or end up in jail. If they're lucky, those who are caught are investigated and jailed. Some are even executed.

http://fortune.com/2015/12/11/the-warren-buffett-of-china-disappears/
http://qz.com/570524/a-list-of-chinas-top-bankers-who-disappeared-were-detained-or-died-in-the-past-year/
http://www.theatlantic.com/international/archive/2013/01/why-do-chinese-billionaires-keep-ending-up-in-prison/272633/

Or just killed by a cork:

http://worldnewsdailyreport.com/china-billionaire-killed-by-champagne-bottle-cork/

[FallingKnife]

Seasons greetings & happy new year, all.
Get in position for an exciting 2016 in the Unoverse.

[sunerok]

CRYPTSY IS BROKEN, DO NOT DEPOSIT *ANY* FUNDS THERE, YOU CAN NOT WITHDRAW BTC JUST ALTCOINS THAT ARE PRICED UP 40% HIGHER THERE THAN ANYWHERE ELSE, YOULL LOSE 40%!

all chat admins/support can do is cancel the withdraw, and you can try to get out in an altcoin thats 30 percent higher than any other exchange, and hope when you withdraw it, its not stuck. (but most of them are stuck)

it's very suspicious, they are (factually, this isn't slander) banning people who ask about it in chat, they have put no notice on their site about this, while other notices come and go, and they have been sued before, and settled out of court immediately.

the answer, if you want all of your funds, is court/class action lawsuit.

call silver law firm asap. give them your name n number. ive only lost 2.3btc, but theres a bunch of people in this, and its going to be a class action lawsuit, because im sure tens of thousands of dollars is owed to dozens of us, if not hundreds of thousands of dollars, by hundreds of us. since i was banned for asking about it in chat, im sure there are many more who are having the same problem and were banned as well.

silver law group has sued cryptsy before, and were very successful, and they can take care of this for us if we all stick together and get in this class action lawsuit.

a previous lawsuit against cryptsy/paul vernon by silver law group:
https://www.manatt.com/uploadedFiles/Content/4_News_and_Events/Newsletters/BankingLaw@manatt/2014-10-24%20--%20Cryptsy%20Complaint.pdf

looks like they got cryptsy to comply without having to litigate further:
http://courtcon.co.palm-beach.fl.us/pls/jiwp/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=502014CA012896XXXXMB&begin_date=&end_date=

silver law group
http://silverlaw.com/
(800) 975-4345


bumping for those new to the thread, for great justice

Really?  How much will "great justice" actually cost??

legal fees will be put into the suit



so i got an email from cryptsy support saying my ticket was closed since they didnt hear back from me. my btc withdraw is still pending, its been over a week.

also im told paul is in florida right now. and has been for quite some time.

[Spoetnik]

JShock: We have a team of agents who are happy to assist where they can, but they cannot fix withdrawal the current issues

BitLite2k15298: @JShock: I want my BTC and LTC or cancel BTC withdraw

UnleashTheBeast: @karreteSan118: im not going into specifics but i got alts out of cryptsy and sold them at a profit elsewhere

JShock: @BitLite2k15298: please contact support

JShock: @UnleashTheBeast: What a tease!

JShock: @UnleashTheBeast: You wont tell us?

UnleashTheBeast: @JShock: just motivating

JShock: @UnleashTheBeast:  lol ok

Terrik: @UnleashTheBeast:was it bitbean or net?

karreteSan118: @UnleashTheBeast:give us just on example keep the rest for ya selves

sigarette777: hallo           how  can I  transfer money to another criptsy user ?

UnleashTheBeast: @Terrik: nope

JShock: @UnleashTheBeast: If i found a vein of gold i prob wouldnt tell either

kelvinhbo917: I got my btc out of here using Dogecoin

alghawas679: @JShock:I submitted documents for T2 upgrade.  It's been more than a few days.  Can you help?

kelvinhbo917: from 2 btc I had endep up with 1.4

kelvinhbo917: lost .6 but I guess it was woth it

JShock: @alghawas679: Its Christmas, its weekend, Please be patient

kelvinhbo917: worth

tbear: @UnleashTheBeast: hi  how much profit  if i may ask..... just curious

JShock: @kelvinhbo917: Impatience costs money

alghawas679: @JShock:Ok thanks

JShock: If you are withdrawing doge and taking a loss instead of waiting for us to resolve this, you are taking the loss out of being impatient and others are just making profits from you

UnleashTheBeast: @tbear: not much, maybe 5% but i bought doge and send it back to cryptsy to sell at a 30% profit

SimkoMiner831: god I can't believe somebody is still trading here

UnleashTheBeast: so i had some fun doing that haha

tbear: @UnleashTheBeast:thx   good for you

berlon541: finaly got withdrawal

Terrik: @SimkoMiner831:looks to be aout 250  btc in volume here in the past 24 hours.. I think that's more than one person..

UnleashTheBeast: not here to brag btw but maybe some will stop complaining and look for other solutions

Terrik: @SimkoMiner831:probably like 3 people at least..

JShock: @Terrik: @Terrik:

kelvinhbo917: @JShock: maybe, but with all the scams going around on the BTC world, its not worth the risk for me, I'd rather lose .6 btc than, 2 btc, since there is no way cryptsy can guarantee everybody's  coins back, they can just shutdown the site any minute and nobody would be accountable.

JShock: @kelvinhbo917: And the sun may not rise tomorrow

UnleashTheBeast: and the aliens might visit you tonight

kelvinhbo917: and big BerVerm might buy a new house

Ya Terrik, cyberpinoy & Terrik are the 3 people LOL
And sun come up ?
I guess smart ass never heard of the year the sun went away (for well over a year)
..was thought to be myth then science proved it ! (500 year old written records + tree ring data etc)
500 year old myths.. wonder what other old myths are true ?
Like Cryptsy will fix things ? hahahaha

[jesselivermore]

"im told paul is in florida right now. and has been for quite some time."

QUICK! BEFORE HE FLIES OFF TO RUSSIA!

[Gleb Gamow]

Little Orphan Crypto

Horus the Sun will come out tomorrow
So you gotta hang on
'til tomorrow, or April or May!
Tomorrow, tomorrow, Cryptsy, tomorrow
You're always a day or week or month away!

[Blakesss]

Anyone care to speculate about the Altpocalypse that would occur if Cryptsy does go under? Wondering specifically about the future for alts traded there that are not also traded on other exchanges.

[RoomBot]

CRYPTSY IS BROKEN, DO NOT DEPOSIT *ANY* FUNDS THERE, YOU CAN NOT WITHDRAW BTC JUST ALTCOINS THAT ARE PRICED UP 40% HIGHER THERE THAN ANYWHERE ELSE, YOULL LOSE 40%!

all chat admins/support can do is cancel the withdraw, and you can try to get out in an altcoin thats 30 percent higher than any other exchange, and hope when you withdraw it, its not stuck. (but most of them are stuck)

it's very suspicious, they are (factually, this isn't slander) banning people who ask about it in chat, they have put no notice on their site about this, while other notices come and go, and they have been sued before, and settled out of court immediately.

the answer, if you want all of your funds, is court/class action lawsuit.

call silver law firm asap. give them your name n number. ive only lost 2.3btc, but theres a bunch of people in this, and its going to be a class action lawsuit, because im sure tens of thousands of dollars is owed to dozens of us, if not hundreds of thousands of dollars, by hundreds of us. since i was banned for asking about it in chat, im sure there are many more who are having the same problem and were banned as well.

silver law group has sued cryptsy before, and were very successful, and they can take care of this for us if we all stick together and get in this class action lawsuit.

a previous lawsuit against cryptsy/paul vernon by silver law group:
https://www.manatt.com/uploadedFiles/Content/4_News_and_Events/Newsletters/BankingLaw@manatt/2014-10-24%20--%20Cryptsy%20Complaint.pdf

looks like they got cryptsy to comply without having to litigate further:
http://courtcon.co.palm-beach.fl.us/pls/jiwp/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=502014CA012896XXXXMB&begin_date=&end_date=

silver law group
http://silverlaw.com/
(800) 975-4345


bumping for those new to the thread, for great justice

Really?  How much will "great justice" actually cost??

legal fees will be put into the suit

Oh, I guess the SILVER Lawyers are doing this for free, right?   

Looks like another scam scamming the scammed.

[RoomBot]

I hate craptsy.  I have NOTHING on cryptsy.

I don't want to see people throw good BTC after bad like the "GAWsuit."

Perhaps if they wrote more than just "legal fees goes into the suit," it would be a lot more clear.

No need for ad hominem attacks. Go peddle your negativity elsewhere.

[sunerok]

CRYPTSY IS BROKEN, DO NOT DEPOSIT *ANY* FUNDS THERE, YOU CAN NOT WITHDRAW BTC JUST ALTCOINS THAT ARE PRICED UP 40% HIGHER THERE THAN ANYWHERE ELSE, YOULL LOSE 40%!

all chat admins/support can do is cancel the withdraw, and you can try to get out in an altcoin thats 30 percent higher than any other exchange, and hope when you withdraw it, its not stuck. (but most of them are stuck)

it's very suspicious, they are (factually, this isn't slander) banning people who ask about it in chat, they have put no notice on their site about this, while other notices come and go, and they have been sued before, and settled out of court immediately.

the answer, if you want all of your funds, is court/class action lawsuit.

call silver law firm asap. give them your name n number. ive only lost 2.3btc, but theres a bunch of people in this, and its going to be a class action lawsuit, because im sure tens of thousands of dollars is owed to dozens of us, if not hundreds of thousands of dollars, by hundreds of us. since i was banned for asking about it in chat, im sure there are many more who are having the same problem and were banned as well.

silver law group has sued cryptsy before, and were very successful, and they can take care of this for us if we all stick together and get in this class action lawsuit.

a previous lawsuit against cryptsy/paul vernon by silver law group:
https://www.manatt.com/uploadedFiles/Content/4_News_and_Events/Newsletters/BankingLaw@manatt/2014-10-24%20--%20Cryptsy%20Complaint.pdf

looks like they got cryptsy to comply without having to litigate further:
http://courtcon.co.palm-beach.fl.us/pls/jiwp/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=502014CA012896XXXXMB&begin_date=&end_date=

silver law group
http://silverlaw.com/
(800) 975-4345


bumping for those new to the thread, for great justice

Really?  How much will "great justice" actually cost??

legal fees will be put into the suit

Oh, I guess the SILVER Lawyers are doing this for free, right?  

Looks like another scam scamming the scammed.

do you not know how to read? the last time they sued cryptsy they added their legal fees to the amount demanded. they will include their legal fees in the restitution.
(the money doesnt come out of our pockets, it comes out of verns, and if he doesnt have it, he goes to jail)

 

[sunerok]

I hate craptsy.  I have NOTHING on cryptsy.

I don't want to see people throw good BTC after bad like the "GAWsuit."

Perhaps if they wrote more than just "legal fees goes into the suit," it would be a lot more clear.

No need for ad hominem attacks. Go peddle your negativity elsewhere.

you just dont understand how court cases work. say we all together are owed 250k in btc. the case is for 250k for everyone + legal fees = x, and x is what is sued for.

i hope you arent a cryptsy shill, and just dont understand how financial/investor fraud suits work.

edit: at this point, he can actually go to jail, so that picture is hilarious XD

foreshadowing..

[RoomBot]

I have nothing on craptsy.

They suck.

Hope that's clear, for those who need to read twice.

[forzendiablo]

i think cryptsy was smarted than mtgox and made better way to secure themselves

[Spoetnik]

i heard a couple weeks ago there was about 80+ wallets down for maintenance *unconfirmed.
I wonder what the count is now ?

@MicroGuy
Nice to see you join the discussion here.. you were on Cryptsy since it launched pretty much in case people don't know.
And you made some interesting points in your post too for sure !

Rant Time
Why i wanted to post now, is it pisses me off that.. Exchange(s) allow coin markets to remain open..
EVEN if you can not deposit or withdraw them.. THAT IS NOT RIGHT !
And this leads people to trade coins with no warning and then ask in chat etc if they can get XYZ coin out.. (if they think to ask)
So how does Cryptsy work ?
If a coin is down for maintenance is this broadcast as News on the Main Page Twitter feed ? (last i checked that was the news outlet)

I also want to add that around when i stopped using Cryptsy (1.5 yrs ago ?) they started with this receiving partial withdrawals crap.
Again this is NOT RIGHT !
And why did that start happening when it did ?
What did they do that was different ?
In the old days that kinda crap woudl not fly ..people woudl have flipped out !

What are the scenarios ?

Say you go to an ATM..
And take out $100 but it spits out $20
What part of WTF don't you understand Cryptsy and Cryptsy cheerleaders ?
Vs.
Fewer people getting their coins but ALL OF THEM.

@JShock
You had 3 months to get on it.
Where is BigVern ?
He knows about this topic because he commented on it before.
His hiding is unacceptable .

@PoolMinor
EXACTLY !
WHY are there wallets in maintenance for 3+ months?

[sunerok]

Anyone care to speculate about the Altpocalypse that would occur if Cryptsy does go under? Wondering specifically about the future for alts traded there that are not also traded on other exchanges.

Cryptsy holds and controls more altcoins in their cold wallet addresses than practically any other exchange/entity.

For example, here's a link to their Goldcoin (GLD) cold wallet:

http://gld.cryptocoinexplorer.com/address?address=Dz8qhpos9r4HcnAxCPW1FvvuAj26ZsnGxE

According to an admin in chat (jshock), the GLD hot wallet is currently in maintenance because it's empty. \

Thats not what i said.
I said if a coin is in maint it is either due to lack of peers, needing an update, or has network issues. Please do not twist things i say.


This is as frustrating for me and my customer service agents as it is for all users. I do hope this is resolved soon

(i wrote this in a msg to him (jim/jshock) as well)

why dont you just post in the thread what is going on and when it will be resolved? what is the plan? we want transparency during this.

i could run an exchange pretty easily, but i dont because i dont want the responsibility. vern is not in china so what is he doing? what is the plan?

you made an account here, but haven't answered any of the important questions that we demand answers to.

say something relevant please.