CRYPTSY stopping withdraw locking accounts without notifying users! Class Action

[zazarb]

We are clearing out the order books for now and placing all funds back into user accounts

all my order deleted, but account balance still empty

[1715041492]

1715041492

[malyan]

You need to create a special prison where Bitcoin will sit kriptovalyutnye scammers

[CartmanSPC]

Maybe it's crazy but this and other similar situations of coins being stolen demonstrates the benefit of having a way to reverse transactions.

Perhaps we should consider a mechanism to reverse a transaction through a vote or consensus. Haven't fully thought out how this could work but it is something to consider.

Something could be designed to allow miners to reverse a specific transaction (and all subequest tx's) through majority consensus in extreme situations such as this.

Mistakes and thefts happen. Fiat banks have the ability to correct mistakes and reverse transactions unless the funds are withdrawn for cash.

I dunno...just thinking out loud.

[sellbuy]

Maybe it's crazy but this and other similar situations of coins being stolen demonstrates the benefit of having a way to reverse transactions.

Perhaps we should consider a mechanism to reverse a transaction through a vote or consensus. Haven't fully thought out how this could work but it is something to consider.

Something could be designed to allow miners to reverse a specific transaction (and all subequest tx's) through majority consensus in extreme situations such as this.

Mistakes and thefts happen. Fiat banks have the ability to correct mistakes and reverse transactions unless the funds are withdrawn for cash.

I dunno...just thinking out loud.

This is the Best i heard for that moment! 

[Gleb Gamow]

Maybe it's crazy but this and other similar situations of coins being stolen demonstrates the benefit of having a way to reverse transactions.

Perhaps we should consider a mechanism to reverse a transaction through a vote or consensus. Haven't fully thought out how this could work but it is something to consider.

Something could be designed to allow miners to reverse a specific transaction (and all subequest tx's) through majority consensus in extreme situations such as this.

Mistakes and thefts happen. Fiat banks have the ability to correct mistakes and reverse transactions unless the funds are withdrawn for cash.

I dunno...just thinking out loud.

No thinking out loud! Meanwhile, https://www.walletexplorer.com/txid/7a5c9594195f9a8bdb45a0750808fbf3f67571f930aa5383724c622d5c06b221 ---> https://www.walletexplorer.com/wallet/00862671d40dec80 --> https://www.walletexplorer.com/wallet/1209a3e1e5699dbb --> https://www.walletexplorer.com/wallet/6e3ce4f373b6106d --> UNSPENT

[Kn_os]

Well fact that they haven't btc were obvious several mounths ago.

But in this statement i do not read why he keep rest alt coins left on exchange?
Where is doge cold wallet, where is dash cold wallet? He "lost" them too?

Ripples: cryptsy wallet rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN
30,086,882 xrp - worth 420 btc, sure not 10k but still it is coins belong to users and i belive they want it back.

Eth: cryptsy cold wallet
forgot adress but i belive there were at least 200k eth coins means around 600 worth btc, and people have right to be able to withdraw it

Or he think he can just annouce shut down and then use this money for advocate?

[Xandrah]

Maybe it's crazy but this and other similar situations of coins being stolen demonstrates the benefit of having a way to reverse transactions.

Perhaps we should consider a mechanism to reverse a transaction through a vote or consensus. Haven't fully thought out how this could work but it is something to consider.

Something could be designed to allow miners to reverse a specific transaction (and all subequest tx's) through majority consensus in extreme situations such as this.

Mistakes and thefts happen. Fiat banks have the ability to correct mistakes and reverse transactions unless the funds are withdrawn for cash.

I dunno...just thinking out loud.

The only issue with reverse transactions, bitcoin would turn into a world like PayPal where people buy items, then immediately try and reverse a transaction.
This can be abused to hell.

The whole point of bitcoin is to be smart, and to be careful who you trust, and never leave coins stockpiled in an exchange.
A offline wallet is always the best wallet.

[GoldSeal]

[mmihai1978]

there's only one thing to do here and now.

1. all amounts in all wallets are to be distributed pro-rata to the existing bag-holders.

2. if cryptsy continues to trade: will pay back slowly a part of its profits to users.

3. otherwise cryptsy is sold to whoever wants to buy and proceeds are distributed to bag-holders.

anything else is a waste of money and time.

existing management cannot be trusted to do any of the above.

[GoldSeal]

You guys realize that there won't be any time to do anything to save cryptsy. My money is on them getting full on raided by law enforcement next week. Seriously. I can see this happening.

[carlomagno]

WTF!!!  My founds dissapair today in 80% Only appear me LTCs

[Spoetnik]

Paul,

Here's another option. Sell the company - 100% - to the customers for the amount of the shortage. Distribute ownership to the depositors based on what they have trapped in the company. Then reset all balances in cryptsy to 0 and the new cryptsy get a new CEO and reopen. All coins on balance go into the exchange's reserves. Over time, cryptsy can buy shares back using it's profits. You never come back to the US again and you hold no business interest in Cryptsy.

Your liability is with the depositors. Turn the company over to the depositors. You can do this today and nobody has to wait two years for a bankruptcy proceeding.

If you are a depositor and would rather wait 2 - 3 years for a fraction paid at bankruptcy, speak up.

That is really smart. Better than nothing.

Sella worthless company with a horrible reputation that rivals GOX so it can live again ?
No this is just wrong on so many levels..
Besides who would be dumb enough to but a bad company in huge debt with a bad rep ?
Then who would be the idiots that use it ?

[alex307]

You really have to ask yourselves a few questions here....

Paul already filed bankruptcy back in 2010. The paperwork on his 2010 filing shows "Augest 2015" as the date of the debetor discharge. That discharge was only a few months ago.

With that being known, how (or why) did Paul manage to put down $1.3 million dollars onto a property here in florida in March 2015?

With all that also being known, why did Paul run off to Hong Kong 7 months ago to register a business in Hong Kong?
When I posted that tidbit before I was not just refering to an address I saw on some domain name (im not sure if that was understood before)
I found the business actually registered in the Hong Kong Registrar of Business and it's active. aka, Satotech Limited.

Historically, you see a path of failed business attempts in Pauls path - even down to the business licence thats revoked in vegas for Brawnco aka FooPile.com the failed scammer bidding site.

If you want to know where your bitcoins went, I would pay attention to his most recent moves in or around Hong Kong.
I would also focus on his initial bankruptcy from dec 2010 and how he managed to move money around this whole time afterwards.

Here's a few things to note:
Bankruptcy in florida can be filed Chap 7 or Chap 13.
In 2010 Paul filed for chapter 13 bankruptcy.
I know there are laws about refiling and such....so these should be considered too.

Seems more like this guy knows how to use the system. He knows how to use the bankruptcy system to his advantage. And he seems to know how to hide money pretty well. Especially if he is about to AGAIN file another bankruptcy. Chances are he skips town to Hong Kong eventually. The signs are pointing to it.  

His dates here and behaviors denote fraud.

[Spoetnik]

Is there any thread for providing solutions intead complaining all the time. A bankruptcy doesn't solve the problem, if a thief robs a bank, who person is the most responsible of that? obviously people said the thief, although director has his part of responsibility if security measures were bad or insufficient. The bad person here is the thief.

I want to provide my solution for getting back my money that is the main matter here.

Trading must continue on cryptsy, allowing smalls withdrawals per user and day (like banks). Users remain trading at cryptsy in this crisis should own a part of the company and its profits.

CEO should change
Continue to pursue the thiefs for trying to recover the lost coins.

Only complaining doesn't resolve anything.

a bunch of us provided solutions, help, doxx, info, background, links and much more.

IF YOU CAN NOT SEE THE RESOURCES YOU NEED then ask.

your an idiot.

complaining about people complaining when no one is complaining ?
are you fucking retarded ?

[not.you]

Maybe it's crazy but this and other similar situations of coins being stolen demonstrates the benefit of having a way to reverse transactions.

Perhaps we should consider a mechanism to reverse a transaction through a vote or consensus. Haven't fully thought out how this could work but it is something to consider.

Something could be designed to allow miners to reverse a specific transaction (and all subequest tx's) through majority consensus in extreme situations such as this.

Mistakes and thefts happen. Fiat banks have the ability to correct mistakes and reverse transactions unless the funds are withdrawn for cash.

I dunno...just thinking out loud.

This is the Best i heard for that moment! 

This is completely contrary to the whole point of crypto.  Might as well also suggest a central authority to determine which transactions are legit and which ones need to be reversed.

[psycodad]

I am receiving one after the other "Resolved" notifications from Cryptsy for tickets I opened during the last year due to withdrawal and deposit problems (some of them are almost a year old) which never were answered, all saying the exactly same:

Please see http://blog.cryptsy.com/ for current and future updates.

Sincerely,

Cryptsy.com

I personally have my doubts about the withdrawal issues and LKY hack, but then again if you are going out of business and to a beach far away anyways, why cleanup the ticket system before - I mean seriously??
Either they plan to come back or somebody with a cleaning neurosis is preparing the ticket server for final shutdown.

[Spoetnik]

Maybe it's crazy but this and other similar situations of coins being stolen demonstrates the benefit of having a way to reverse transactions.

Perhaps we should consider a mechanism to reverse a transaction through a vote or consensus. Haven't fully thought out how this could work but it is something to consider.

Something could be designed to allow miners to reverse a specific transaction (and all subequest tx's) through majority consensus in extreme situations such as this.

Mistakes and thefts happen. Fiat banks have the ability to correct mistakes and reverse transactions unless the funds are withdrawn for cash.

I dunno...just thinking out loud.

The only issue with reverse transactions, bitcoin would turn into a world like PayPal where people buy items, then immediately try and reverse a transaction.
This can be abused to hell.

The whole point of bitcoin is to be smart, and to be careful who you trust, and never leave coins stockpiled in an exchange.
A offline wallet is always the best wallet.

Exactly charge back hell !

Are we having a game here of shouting bad ideas ?

[Spoetnik]

FWIW, Horus was the only person at Craptsy I trusted at all...

I spoke with him several times, and he strikes me as an honest man trying to do his job

If anyone dropped the ball, maybe Mullick... he always struck me as a shady character... he was in charge of wallets and almost certainly knew about the theft 18 months ago...

Which is why i don't believe Horus !

The two were glued to the hip and before and after the big announcement i have brought up Mullick
and all Horus ever did was HIDE !

There was obviously and clearly problems with the site for a long time.
Mullick was the wallet guy..
And from watching these guys for years i know those two were best of friends online.
When his best buddy and coworker in charge of wallets VANISHES you think what now ?

I asked Horus ALL THE TIME FOR MONTHS and he ignored me 100% !
and only days ago.. did he make some half ass vague comment on Cryptsy chat about it.

Let's recap shall we..
Horus says.. "as far as i know Mullick still works there"
AFTER MONTHS of the guy disappearing + massive withdrawal issues.
AND.. he was best of friends with the guy and ALWAYS on chat together.
and in contact through a myriad of ways from PM's to video chat to phone calls i assume.

Never mind the fact that i would be worried seeing withdrawal problems and the WALLET GUY
disappear with no comment for MONTHS !
I take it when the head of Investigations notices the Head of wallets on an exchange vanished for 2 or 3 months
he simply writes it off as business as usual.. even thought 80 coins are down and Horus has to make excuses 24/7 for Mullick's JOB.. and there was clearly severe problems with withdrawals all along.

So the INVESTIGATOR didn't put 2 and 2 together long ago ?
Or wonder why his co-worker and best buddy vanished ?

Horus knows why.
Horus knows damn well what happened to Mullick but avoided answering for 4 months to play the denial game.

I watched these two bum buddies chat it up fro 3 years.
If Mullick vanished under the circumstances with Cryptsy in flames
how the fuck does Horus have the nerve to say on chat "ya i *think* he still works there" ?

Horus i don't buy your story.

Spoetnik brings up Mullick again.... and

He's gone.

EDIT:
HARP ON THIS GUYS BIG TIME

[Hache]

Paul,

Here's another option. Sell the company - 100% - to the customers for the amount of the shortage. Distribute ownership to the depositors based on what they have trapped in the company. Then reset all balances in cryptsy to 0 and the new cryptsy get a new CEO and reopen. All coins on balance go into the exchange's reserves. Over time, cryptsy can buy shares back using it's profits. You never come back to the US again and you hold no business interest in Cryptsy.

Your liability is with the depositors. Turn the company over to the depositors. You can do this today and nobody has to wait two years for a bankruptcy proceeding.

If you are a depositor and would rather wait 2 - 3 years for a fraction paid at bankruptcy, speak up.

From the majority of your other comments, sir, you strike me as a traumatized child and even an ass****, but hey, I gotta admit this is the best idea I have read in 40pages of discussion. Chapeau!

[dac10]

      We are talking about putting in a great reward head of Vern. They speak different characters in Europe.
It gets interesting...