CRYPTSY stopping withdraw locking accounts without notifying users! Class Action

[Gleb Gamow]

https://blockchain.info/tx/c7b46a79fd8887038bd3a8e884b04820038415a60e0b9d2c2f5bcff68a2687bf

Here's a thought: The hacker aka Paul Vernon could return ~U$6.6M to the recovery fund and keep ~U$23M for himself.

[1714158723]

1714158723

[1714158723]

1714158723

[JollyGood]

The more I read about this the more I feel sorry for the investors. How can Paul Vernon sleep at night knowing what he did?

I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.

@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.

[YuTü.Co.in]

The more I read about this the more I feel sorry for the investors. How can Paul Vernon sleep at night knowing what he did.

I hope he becomes a born again Christian, or becomes Muslim or maybe even a Buddhist or some starts following some other faith... either way if he finds inner peace after he finds the good Lord in any way shape or form, then maybe his concious will force him to hand over the funds to the authorities.

@Gleb Gamow
Paul Vernon was an idiot for doing what he did. If he managed the exchange properly for just a couple of years more he would have been in a position to seek investment which would have put the company worth at hundreds of millions of US$ and he would have become a household name with positive conotations. What an idiot.

The word conscious and Paul Vernon don't belong in the same sentence or paragraph regardless the context.

[spamsucks]

What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%)
In all of the paperwork I have not seen the total amount available.

This settlement leaves open options for going after cryptsy and vern... That makes me happy.

Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong

The Cryptsy Lawsuit is Over. The Judge issued the Final Order on June 13....Next Coinbase.


It's all in here. This is the Motion Approved by the Judge on June 13, 2017 :

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Motion-for-Final-Approval-of-Settlements.pdf

Yes, the Lawyers get 33%. I read The House will net around $800,000 after the Realtor fees and costs.

The total is around 1.5 Million, to be split amongst the Lawyers and the Approved Claimants. A little over 1,600 met the Deadline and filed Claims.

They have not stated yet how many were approved.

One note of concern, is the Receiver stated that Just One Claimant's Claim is for more the the Entire Settlements Fund so let's hope that one gets Rejected

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

I didnt read that one persons claim is higher, but then I have only read over the documents quickly once. Then again, cryptocracker was claiming he was out 1750 BTC or so ( the same amount he was claiming for a reward for returning the stolen BTC) so that might be the one in question. If so I am sure the receiver has been informed what happened here, and how he was trying to scam and troll everyone. 

[JollyGood]

The word conscious and Paul Vernon don't belong in the same sentence or paragraph regardless the context.

True... it remains a sad situation which can be resolved so easily IF the biggest protagonist (Paul Vernon) stepped out of the shadow and apologised to everyone and then paid back the BTC because even after all he spent the value of BTC has rocketed. Whatever he has left can easily pay back everyone he scammed but the man has no concious as you so aptly commented.

[TheTommyD]

What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%)
In all of the paperwork I have not seen the total amount available.

This settlement leaves open options for going after cryptsy and vern... That makes me happy.

Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong

The Cryptsy Lawsuit is Over. The Judge issued the Final Order on June 13....Next Coinbase.


It's all in here. This is the Motion Approved by the Judge on June 13, 2017 :

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Motion-for-Final-Approval-of-Settlements.pdf

Yes, the Lawyers get 33%. I read The House will net around $800,000 after the Realtor fees and costs.

The total is around 1.5 Million, to be split amongst the Lawyers and the Approved Claimants. A little over 1,600 met the Deadline and filed Claims.

They have not stated yet how many were approved.

One note of concern, is the Receiver stated that Just One Claimant's Claim is for more the the Entire Settlements Fund so let's hope that one gets Rejected

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

Did I read that right? Since no proof exist, all ~1680 claimants will get an equal share of the available loot minus lawyers fees, equating to ~U$470? Or is the available money doled out according to percentages?

"diminished pro rata recovery"

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

[TheTommyD]

What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%)
In all of the paperwork I have not seen the total amount available.

This settlement leaves open options for going after cryptsy and vern... That makes me happy.

Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong

The Cryptsy Lawsuit is Over. The Judge issued the Final Order on June 13....Next Coinbase.


It's all in here. This is the Motion Approved by the Judge on June 13, 2017 :

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Motion-for-Final-Approval-of-Settlements.pdf

Yes, the Lawyers get 33%. I read The House will net around $800,000 after the Realtor fees and costs.

The total is around 1.5 Million, to be split amongst the Lawyers and the Approved Claimants. A little over 1,600 met the Deadline and filed Claims.

They have not stated yet how many were approved.

One note of concern, is the Receiver stated that Just One Claimant's Claim is for more the the Entire Settlements Fund so let's hope that one gets Rejected

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

I didnt read that one persons claim is higher, but then I have only read over the documents quickly once. Then again, cryptocracker was claiming he was out 1750 BTC or so ( the same amount he was claiming for a reward for returning the stolen BTC) so that might be the one in question. If so I am sure the receiver has been informed what happened here, and how he was trying to scam and troll everyone. 

"As discussed at length in the Receiver’s Fifth Report (D.E. 106), while the Receiver successfully secured certain protected receivership digital wallets containing different types of cryptocurrencies, those wallets consisted of pooled assets that were not linked to any individual Cryptsy accounts. The total value of the secured cryptocurrency is approximately $394,500.002, which is less than the value of certain individual filed claims."

[Gleb Gamow]

What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%)
In all of the paperwork I have not seen the total amount available.

This settlement leaves open options for going after cryptsy and vern... That makes me happy.

Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong

The Cryptsy Lawsuit is Over. The Judge issued the Final Order on June 13....Next Coinbase.


It's all in here. This is the Motion Approved by the Judge on June 13, 2017 :

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Motion-for-Final-Approval-of-Settlements.pdf

Yes, the Lawyers get 33%. I read The House will net around $800,000 after the Realtor fees and costs.

The total is around 1.5 Million, to be split amongst the Lawyers and the Approved Claimants. A little over 1,600 met the Deadline and filed Claims.

They have not stated yet how many were approved.

One note of concern, is the Receiver stated that Just One Claimant's Claim is for more the the Entire Settlements Fund so let's hope that one gets Rejected

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

Did I read that right? Since no proof exist, all ~1680 claimants will get an equal share of the available loot minus lawyers fees, equating to ~U$470? Or is the available money doled out according to percentages?

"diminished pro rata recovery"

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

Thanks, Tommy. I should've Google "Pro Rata" prior to asking, whereupon I would've easily been brought up to speed. Claimants will be rewarded (what a funny fuckin word in this context) proportionally according to their claim that according to the lawyers' docs CANNOT be verified because the server was successfully 100% erased. Ergo, any Tom, Dick or Harry willing to put in some effort could easily game the system, including the lawyers and receiver.

I remember not too far back when Decred was conducting their airdrop campaign. I came along and demonstrated how their airdrop model could easily be gamed. I was met with discontent and assured that NO WAY IN FUCKIN HELL would gamers bypass their defense mechanisms. I said "Really!" Then I proceeded to create 10 user accounts so to game their system which they said couldn't be gamed. Success! All ten accounts where funded during the airdrop, whereupon I quickly sold off the amassed tokens because ... wait for it ... I knew in my heart that no way in hell they would be worth anything because I'm such a fuckin genius.  Today: https://coinmarketcap.com/currencies/decred/ 

[RoomBot]

The word conscious and Paul Vernon don't belong in the same sentence or paragraph regardless the context.

True... it remains a sad situation which can be resolved so easily IF the biggest protagonist (Paul Vernon) stepped out of the shadow and apologised to everyone and then paid back the BTC because even after all he spent the value of BTC has rocketed. Whatever he has left can easily pay back everyone he scammed but the man has no concious as you so aptly commented.

EXCELLENT POINT!

Even though it's probably too late, technically it's NOT too late to do the right thing & make thousands of traders whole again.

PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too.

[TheTommyD]

What I would also like to know, is how much money was recovered in total, and what is the amount the lawyers will get for this (at 33%)
In all of the paperwork I have not seen the total amount available.

This settlement leaves open options for going after cryptsy and vern... That makes me happy.

Is this figure of 33% going to the lawyers actually stated in the paperwork? If that is the case, is there any connection between the organisers of the class suit asking these lawyers to fight the case and their own link with the lawyers? If there is a conflict of interest then surely that in itself is plain wrong

The Cryptsy Lawsuit is Over. The Judge issued the Final Order on June 13....Next Coinbase.


It's all in here. This is the Motion Approved by the Judge on June 13, 2017 :

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Motion-for-Final-Approval-of-Settlements.pdf

Yes, the Lawyers get 33%. I read The House will net around $800,000 after the Realtor fees and costs.

The total is around 1.5 Million, to be split amongst the Lawyers and the Approved Claimants. A little over 1,600 met the Deadline and filed Claims.

They have not stated yet how many were approved.

One note of concern, is the Receiver stated that Just One Claimant's Claim is for more the the Entire Settlements Fund so let's hope that one gets Rejected

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

Did I read that right? Since no proof exist, all ~1680 claimants will get an equal share of the available loot minus lawyers fees, equating to ~U$470? Or is the available money doled out according to percentages?

"diminished pro rata recovery"

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Response-to-Objections-to-Settlements.pdf

Thanks, Tommy. I should've Google "Pro Rata" prior to asking, whereupon I would've easily been brought up to speed. Claimants will be rewarded (what a funny fuckin word in this context) proportionally according to their claim that according to the lawyers' docs CANNOT be verified because the server was successfully 100% erased. Ergo, any Tom, Dick or Harry willing to put in some effort could easily game the system, including the lawyers and receiver.

I remember not too far back when Decred was conducting their airdrop campaign. I came along and demonstrated how their airdrop model could easily be gamed. I was met with discontent and assured that NO WAY IN FUCKIN HELL would gamers bypass their defense mechanisms. I said "Really!" Then I proceeded to create 10 user accounts so to game their system which they said couldn't be gamed. Success! All ten accounts where funded during the airdrop, whereupon I quickly sold off the amassed tokens because ... wait for it ... I knew in my heart that no way in hell they would be worth anything because I'm such a fuckin genius.   Today: https://coinmarketcap.com/currencies/decred/  

Believe me Bruno, I know the Feeling  I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.

The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC

I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016

My Problem, as others have mentioned,  is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015

[JollyGood]

PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too.

HAHAHAHAHA !!  

Well spotted....

But seriously, I hope Paul Vernon has a heart and I hope he has a conscience and I very much hope is concious too

When he scammed everyone what was the value of BTC? Now the value is floating around the $2700 mark. He can easily pay everyone back AND still have a good life with his Chinese female counterpart.

[JollyGood]

Believe me Bruno, I know the Feeling  I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.

The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC

I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016

My Problem, as others have mentioned,  is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015

I did not register in time for the class action. I wish I could still get my money back but cannot recall specifically how much I had in their wallets.

Did you trace the Cryptsy XRP wallet to see where the XRP have been forwarded to?

[TheTommyD]

PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too.

HAHAHAHAHA !!  

Well spotted....

But seriously, I hope Paul Vernon has a heart and I hope he has a conscience and I very much hope is concious too

When he scammed everyone what was the value of BTC? Now the value is floating around the $2700 mark. He can easily pay everyone back AND still have a good life with his Chinese female counterpart.

Look up at the post by Gleb at the top of THIS Page, for the Values

[TheTommyD]

Believe me Bruno, I know the Feeling   I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.

The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC

I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016

My Problem, as others have mentioned,  is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015

I did not register in time for the class action. I wish I could still get my money back but cannot recall specifically how much I had in their wallets.

Did you trace the Cryptsy XRP wallet to see where the XRP have been forwarded to?

Here's it is:     https://bithomp.com/explorer/rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN

I get a headache just looking at it, you'd have to be better than I to figure it out.

Too Bad you didn't get a Claim in.

EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex


https://bithomp.com/explorer/r3DFepUwQrswArcpJ5oHpmg984a4K48Nen

[fakecryptsynagger]

Believe me Bruno, I know the Feeling   I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.

The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC

I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016

My Problem, as others have mentioned,  is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015

I did not register in time for the class action. I wish I could still get my money back but cannot recall specifically how much I had in their wallets.

Did you trace the Cryptsy XRP wallet to see where the XRP have been forwarded to?

Here's it is:     https://bithomp.com/explorer/rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN

I get a headache just looking at it, you'd have to be better than I to figure it out.

Too Bad you didn't get a Claim in.

EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex


https://bithomp.com/explorer/r3DFepUwQrswArcpJ5oHpmg984a4K48Nen

[JollyGood]

Too Bad you didn't get a Claim in.

EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex

I feel sorry for you... this must be so hard to take considering the price of XRP has increased so much and so obviously has Bitcoin.

[BagHolder010]

You guys sad about some unknown coin, what if you were a bagholder of a big coin like Dash...watching it reaching $200 yesterday & I was like 

[JollyGood]

You guys sad about some unknown coin, what if you were a bagholder of a big coin like Dash...watching it reaching $200 yesterday & I was like 

Bitcoin and XRP are not unknown. As for your DASH being stolen, sorry to hear about it.

[Gleb Gamow]

PERV VERN needs a CONSCIENCE, although being "CONSCIOUS" would help too.

HAHAHAHAHA !!  

Well spotted....

But seriously, I hope Paul Vernon has a heart and I hope he has a conscience and I very much hope is concious too

When he scammed everyone what was the value of BTC? Now the value is floating around the $2700 mark. He can easily pay everyone back AND still have a good life with his Chinese female counterpart.

Oh, that would be so jolly good, JollyGood. Hey, maybe Mark Karpeles will also come around and return the over half billion dollars worth of crypto he stole. Or maybe Joshua Zipkin of AMT will turn a new leaf and return the millions he stole. Or maybe Josh Zerlan will return the moneys he indirectly stole from users. Or maybe Josh Garza will return the millions he stole.

Or maybe I'm just joshing you because it makes me feel jolly good. 

[Gleb Gamow]

Believe me Bruno, I know the Feeling   I had 110,000 XRP on Cryptsy. Today worth 13.1285 BTC.

The way the Settlement was Done, My Claim goes back to November 1, 2015 (The Official Date set by the Lawyers), when BTC was around $330.00 and my account Value was around 1 BTC

I have no Idea how People proved their claims as of that Date (Nov. 1, 2015), as most, including myself, only started taking screenshots, when it was brought up in this Forum at a much later date. I was Trading right up until the End around January 17, 2016

My Problem, as others have mentioned,  is how do/would the Lawyers know that a Claimant with a high BTC Balance didn't get out with their money AFTER November 1, 2015

I did not register in time for the class action. I wish I could still get my money back but cannot recall specifically how much I had in their wallets.

Did you trace the Cryptsy XRP wallet to see where the XRP have been forwarded to?

Here's it is:     https://bithomp.com/explorer/rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN

I get a headache just looking at it, you'd have to be better than I to figure it out.

Too Bad you didn't get a Claim in.

EDIT: I looked again at the above Link and Found a Lot of XRP sent by Cryptsy to Guess Who?.... A Ton was sent to Poloniex


https://bithomp.com/explorer/r3DFepUwQrswArcpJ5oHpmg984a4K48Nen

And this: https://bithomp.com/explorer/rJGW69cMpaSqNwjhWjvtkRwhvm9yNfnNpN


And this: https://www.google.com/search?q=Activated+by%3A+Cryptsy&rlz=1C1CHBF_enUS727US727&oq=Activated+by%3A+Cryptsy&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8#q=%22Cryptsy%22+%22bithomp.com%22