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Author Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action  (Read 1006811 times)
BitJohn
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July 08, 2017, 04:23:44 AM
Merited by STT (1)
 #9801

Spoetnik,

I occasionally still read this thread every few months, and what you just said is the first time I felt the need to reply. I think you hit the nail on the head so I have replied in line below.

Quote from: Spoetnik
I've posted that on here before and I lean towards him moving to South America or some shit.

Nah he is probably in China still.

Quote from: Spoetnik
I think he would avoid touching the coins out of fear of them getting tracked and then having been found.

I don't think he stole them. With that said I also think whoever did got scared, and tossed the keys.

Quote from: Spoetnik
I posted here long ago I think he got sick of it all and wanted out.
That was the driving force..
Coupled with a changing climate I harped on with his chat box..
He seen what I seen and cashed out and walked and did what many do when the titanic hits an iceberg..

Spoetnik hit that on the head.

Quote from: Spoetnik
And that is rip off shit on the way out the door.

Define.... If you mean compliance look at polo and coinbase everyone is doing the same things some slower than others... All US based are being compelled. Read the other threads. I only defend it because in the final days all of us were trying to keep the government happy.

Quote from: Spoetnik
I was watching since month one bud..
I know these people a hell of a lot better than you do.

You damn sure were since day one my friend. I remember you from the first days, and always respected your opinions. If I was able at the time you were removed to bring you back I would have... I always have always welcomed you to express your opinions and been up for debate.

Quote from: Spoetnik
Vern did not like the spotlight or dealing with people publicly..
He went on his chat box a couple times a year.
In video interviews he was shy and awkward.

Spot on


Quote from: Spoetnik
He's not a bad guy and was always trust worthy until the end.

We all felt that way.

Quote from: Spoetnik
He made a mistake.. One of opportunity.

I do think he did not steal the coin in question (the hack)... I also feel he stole lots of money in other ways (embezzlement) the evidence on that is clear.

Quote from: Spoetnik
Making him out to be a monster who planned this scam out from day one is stupid.
He meant well but wanted out.. So he closed up shop.

Agreed though in the final years I'm hesitant to speak out on his intention.

Quote from: Spoetnik
And I too would have probably stolen all the money in the bank before I closed it.
I don't see that as surprising really.
Have you all sat on millions in money that you could take with no one watching?

Before I resigned one of my biggest questions was how was he paying for the China trips when were struggling to pay the rent?

Quote from: Spoetnik
He is guilty I think but let's be real.. He meant to run a service but things went to shit.

Agreed

Quote from: Spoetnik
Many of you are forgetting when the so called hack happened crypto coin prices were dropping for 2 year steady more and more.. And users were drying up at Cryptsy.
So the situation from his own business perspective had to be fairly bleak.

It was and was not if managed properly... Cryptsy would have easily survived even the hack... To much money was pulled out of the company, and not reinvested in my opinion... Not to mention the personal wealth he had already...

Quote from: Spoetnik
I subscribe to the theory that he got sick of this shit and walked away..
He sure as fucking hell would not be the only one either..
I dumped all my BTC as It hit 1k each knowing the feeding frenzy and scammy coin cloning antics and rush of shit head NOOBS piling in would cause a deep recession... I kept saying it on Cryptsy chat and I know Vern heard me saying it.
Me and Vern walked at the same time pretty much..

Agreed

Quote from: Spoetnik
And I was right.

You were

Quote from: Spoetnik
Prices of alt's were decimated until mid 2016 when a new rush of retards rushed in fer teh roiz.
Even BTC hit sub 300 as I seen coming a mile away.

Agreed and still happening. I will insert here Cryptsy, and employees made ZERO alts. The ones we did were all pretty public,and all pre-employment there were like 12 at the time. The rest I have a good hunch where they started... IPO's ICO's

Quote from: Spoetnik
Many of you are off base on this clueless..

Agreed.

Quote from: Spoetnik
I think the moral of this story is money corrupts.
Vern started with good intentions but..

Agreed

Quote from: Spoetnik
He likely had personal reasons coupled with his view that crypto was dying..
It was guy's.. NOOB's here now will have no clue that happened.
They are wrapped up in the new fantasy land of never ending raining ICO SCAM money now.
But i watched as BTC and every Altcoin was decimated for YEARS.
BITCOIN ITSELF WAS SUB $300 Instead of over a grand and rising..
User growth slowed to a crawl and many left..
Altcoin prices were slaughtered leaving tons of broke bag holders.
The climate in crypto was vastly different than it was now.
There is no way that did not factor into Vern's decision to leave.
And look at this way.. Guilty or not he still decided to leave when he did!

If he managed to give a shit for a few more months and fund his company... You still wouldnt know it happened. Ill throw in here that Im a believer that most of the exchanges have been hacked and either they just refunded themselves externally or are just able to cover the losses.


Quote from: Spoetnik
I also posted on here why I quit and how I figured Vern agreed with me.
Even BitJohn said he did when back in the start of 2014 he was still arguing..
That shitcoin support is good.
It's not.

Spoetnik was right on that note I do not even support Bitcoin anymore.

Quote from: Spoetnik
It will collapse and what I kept saying all over is it's hard to feel sorry for greedy worthless selfish short sighted losers who show up here raping crypto for quick chump change profits.
Which is who flooded into crypto.. Not supporters.
But open mouth breathing baboons hell bent on profiting off of anything that was paying out.

When Cryptsy started it was about the miners about the not rich folks... That is why many of us joined. I was customer 14... It was also when we had like 12 cryptos... After that the competition was fierce if you did not add it they would. I recommended many Etherium was my last we didn't add it... In my opinion that was the beginning of the end. Paul was not around to implement it and only he could add coins.

Quote from: Spoetnik
Cryptsy pandered to these idiots while I kept lecturing them..
Would you give your kids candy every night for dinner?
Over and over all the Cryptsy guys cited "user demand"
So they could reap the reward while the going was good..
Then the kids got cavities..
I warned them not to pander to STUPID people.
They would not listen then it went to shit..

Spoetnik has always been the GOOD voice of reason. Not everyone in the company felt that way...

Quote from: Spoetnik
At that exact time Vern was doing his shit.. Setting up his exit.

Likely

Quote from: Spoetnik
This is why pandering is bad.
The people being pandered to will always turn on you eventually.
None of these people care about Cryptsy.
They are quislings.. Turn coats..
Shady money grubbing brats interested interested in one thing.
And that sure as fuck ain't supporting crypto.

Agreed

Quote from: Spoetnik
So do I feel sorry for them?
Nope.. Not really.

I think I can say for anyone that worked at Cryptsy that the EMPLOYEES all feel sorry for them. The environment for 98% of the staff was let crypto thrive and help the people... There may have been a guy or two that were painful internally to deal with...

Quote from: Spoetnik
Many knew better and refused to listen all the way up until Vern had to actually close the doors.

Because they were peddling their shit crypto to the end. When I say the end they began again the next day right where they left off and continue to do so.

Quote from: Spoetnik
No matter how bad it got there was cheerleaders hell bent on sucking cock and crying FUD online.

Some of that burden we the former employees painfully accept as our fault... We believed what we were saying. Like Horus has stated numerous times the books were cooked... It was not until the final days I got to see some books, and I resigned. On that note I fully expected Paul to cover the losses with his personal wealth at the time I left. He could have covered it all...

Quote from: Spoetnik
So they could exploit people trying to leave by standing in the middle of the Doge coin exit ramp.
Those same assholes there at the end buying all the Doge coins to arb with are now playing victim on a class action lawsuit.. Looking for sympathy and demonizing Vern and staff.

Doge coin issues have been replicated on other exchanges at this point with Ether... To much load for such a virgin infrastructure to handle. I still stand by Doge had a NASCAR Spoetnik haha.

Quote from: Spoetnik
They too must share some blame!

Beyond you who saw the writing on the wall for Alt coins early I'd agree we all do...

Quote from: Spoetnik
I warned people loud when GOX was pulling the same shit too..
It played out the exact same.

If only we had talked more... But on that note in retrospect many of the same things led to the Cryptsy fall. Again I will say from what I know of the other exchanges they are run in the same manner so buyer beware.

Quote from: Spoetnik
You all don't learn.
Or accept responsibility.
You only learn when you get bit. I think I can speak for many when I say that its been 24 months since I have traded or touched crypto... Crypto to me is poker or slots... Maybe with worse odds.

B
Quote from: Spoetnik
ut it does not bother me that much because..
Many of you are cocky mouthy little mouthy brats.
I have been on the internet longer than many brats here have even been alive.. Jiggling their little dick holsters at me.

Preach brother

Quote from: Spoetnik
There is no age requirement here guys.
Which is why Polo shut down the chat box.
Stupid brats running wild.. Controlling crypto.

They shut down the chat box to cover issues from the public eye... We did it when our servers couldnt handled the load in the early days. I say we but it was not an option. I fought to get it back.

Quote from: Spoetnik
And Cryptsy was giving the keys to drive to the kidiot profiteers.
So I think if crypto kept getting better Vern would still be running Cryptsy right now.

I agree

Quote from: Spoetnik
Anyway..
I think the key may be to look at TX's between Cryptsy and Cryptsy China.
He had to have funded it and that should have some links to uncover..
That might shed more light on this and maybe even expose where he is.

Probably though I bet hes in China and living well and not off the hacked coins. Again this is my biggest issue with the whole thing is EVEN with the hack Paul could have just fixed it out of hide he was wealthy pre-Cryptsy from other ventures. He had the wealth and left us the employees in the dark.

On a personal note I apologize to anyone harmed that feels that myself or any of the Cryptsy staff (Let me change that to most staff) led you to invest or do anything with Paul, and Cryptsy. In the final days we the staff were not in contact with Paul 99% of the time. It was a headless company running on data provided by a false interface. We tried to improve, and generate revenue to keep it running.. The new look and some of the other things was us striving to try and keep the company running with very little input from the boss who was in China. Working on Cryptsy China.

To answer the why most Cryptsy Staff don't speak out? They don't live in Canada with the Maple Leaf shield and do not want to be Paul's fall guy. Shout out to Horus for continuing to be an outstanding guy and earning back everyone's respect he deserves it.

Lastly for the conspiracy theorists. The only people at that time with the power to steal the coins internally were:

Logan - Admittedly had all the passwords over time in the data center. Let go for being unstable (Likely Drug Related) With that said I do not think he took the coins he did not understand wallets, and Crypto and from what I know he still in the US with no money..

Mullick - Only had wallet access to most wallets. When wallets ran empty We complained to Mullick he complained to Paul and walla magic coins would appear, but as previously stated the most valuable wallets Paul would not grant access only refill when requested. It got bad when he went international as when a wallet would run dry only he could fill it. Of all the employees Mullick and I were close (internet buddies) Bottom line he didn't do it he is nearly broke now, and worked/works for the receiver.

Paul- Well I loved the guy like Spoetnik said he is a nice shy guy who just rubbed you the right way... Bottom line you cant have millions in personal assets, and move to China with no possible way to maintain income and defend the fact you could not reimburse a million dollar (at the time liability you had). Not to mention he ditched his wife and kids. The stories don't add up, and I have to lean toward we were all taken for fools (Cryptsy Staff).

With that said leave poor Jim alone the guy is easy to pick (porn background and crypto ignorant) on but definitely not in cahoots with Paul on this piece he is broke and probably bankrupt at this point, but I am confident he did not know, and was not involved. He and I were both remote employees like Horus. Both he, Horus and I only ever visited the HQ in Florida one time. Remote employees made about 30k a year or less. Some never mentioned here (or publicly EVER made) 150+k. Horus can vouch for that though I am more than confident he despises the man I tried really hard to mediate between the two...

With all that said Gleb, Spoetnik keep up the good fight. Someone has to.
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July 08, 2017, 05:12:10 AM
 #9802

See JollyGood?
Not everyone has a problem with my post length.
And the intention was to be interesting / provocative..
It worked.. We got a rare appearance from BitJohn.. Which is always good!
He is like Horus in some ways flexible and honest etc.

I got a pm first saying he posted here and Wow.
Thanks BitJohn.
I could have as usual chose my words more carefully or tried to be a bit more accurate.
But over time you don't care about how you come across to others here.

Shit after reading this I am having some small doubts Vern was the so called "hacker"  Shocked
It's tough to be 100% perfectly certain about things.
Perspective is a fickle bitch..

Thanks for the input here BitJohn and sadly many of these NOOB don't realize you were an influential key person in the rise to Cryptsy's success.. BJ was staff way before Horus was guys.
BJ in a way is an early guy that helped get the Altcoin scene going.
It was insulting when I seen Jshock show up after the boom and fail to give him the props he deserves.
It's decent patient / flexible people that made this stuff take off and get popular.
Not overly aggressive ban jockeys with a short fuse.. Jshock banned himself regularly LOL

And I have no ill will towards Jshock either.
There is no pent up anger to unleash on him etc from me..

Lastly I seen screecaps of the Cryptsy admin UI so I do believe they were being jerked around with a false UI.. Showing wrong info etc.

But.. That was not needed.. It was obvious there was problems with or with out the admin panel data.
Some people will always think the staff should have walked earlier..
And some did.. Such as BitJohn.
He said he quit quite a while before this all.
But.. He was on the first pages here helping the OP
So was that in a non official capacity?
Not that important though.. What ever.

FUD first & ask questions later™
Gleb Gamow
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July 08, 2017, 05:23:25 AM
 #9803

My new prose format is onomatopoeia.

Boom!

Illuminati lizard people overlord has spoketh!

WHAM!!!


"Embrace it and process it.
It is the voice of reason."

KaPOWWWWWWWW!!!
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July 08, 2017, 11:18:33 AM
 #9804

Probably though I bet hes in China and living well and not off the hacked coins. Again this is my biggest issue with the whole thing is EVEN with the hack Paul could have just fixed it out of hide he was wealthy pre-Cryptsy from other ventures. He had the wealth and left us the employees in the dark.

On a personal note I apologize to anyone harmed that feels that myself or any of the Cryptsy staff (Let me change that to most staff) led you to invest or do anything with Paul, and Cryptsy. In the final days we the staff were not in contact with Paul 99% of the time. It was a headless company running on data provided by a false interface. We tried to improve, and generate revenue to keep it running.. The new look and some of the other things was us striving to try and keep the company running with very little input from the boss who was in China. Working on Cryptsy China.

To answer the why most Cryptsy Staff don't speak out? They don't live in Canada with the Maple Leaf shield and do not want to be Paul's fall guy. Shout out to Horus for continuing to be an outstanding guy and earning back everyone's respect he deserves it.

Lastly for the conspiracy theorists. The only people at that time with the power to steal the coins internally were:

Logan - Admittedly had all the passwords over time in the data center. Let go for being unstable (Likely Drug Related) With that said I do not think he took the coins he did not understand wallets, and Crypto and from what I know he still in the US with no money..

Mullick - Only had wallet access to most wallets. When wallets ran empty We complained to Mullick he complained to Paul and walla magic coins would appear, but as previously stated the most valuable wallets Paul would not grant access only refill when requested. It got bad when he went international as when a wallet would run dry only he could fill it. Of all the employees Mullick and I were close (internet buddies) Bottom line he didn't do it he is nearly broke now, and worked/works for the receiver.

Paul- Well I loved the guy like Spoetnik said he is a nice shy guy who just rubbed you the right way... Bottom line you cant have millions in personal assets, and move to China with no possible way to maintain income and defend the fact you could not reimburse a million dollar (at the time liability you had). Not to mention he ditched his wife and kids. The stories don't add up, and I have to lean toward we were all taken for fools (Cryptsy Staff).

With that said leave poor Jim alone the guy is easy to pick (porn background and crypto ignorant) on but definitely not in cahoots with Paul on this piece he is broke and probably bankrupt at this point, but I am confident he did not know, and was not involved. He and I were both remote employees like Horus. Both he, Horus and I only ever visited the HQ in Florida one time. Remote employees made about 30k a year or less. Some never mentioned here (or publicly EVER made) 150+k. Horus can vouch for that though I am more than confident he despises the man I tried really hard to mediate between the two...

With all that said Gleb, Spoetnik keep up the good fight. Someone has to.

Aaah finally we get some really strong information from someone within the company. I appreciate your input. My loss at Cryptsy was small, tiny compared to others but nonetheless I was scammed and this information will go along to way finding closure at some stage.

From what little I know about the issue I will go with what you said about "the stories don't add up". I think Paul Vernon may not have started the business as a scam but somewhere along the line he started taking money out of the company and could not replace it because the value of altcoins back then was nowhere near what they are now. After that he decided to dilly-dally off to China. The buck stops with him since according to you none of his ex-employees have any money and one as you put it is working with the receiver.

Paul Vernon is the scammer who did all this and he should face the music back in the U S of A

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Gleb Gamow
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July 08, 2017, 12:23:27 PM
 #9805

Probably though I bet hes in China and living well and not off the hacked coins. Again this is my biggest issue with the whole thing is EVEN with the hack Paul could have just fixed it out of hide he was wealthy pre-Cryptsy from other ventures. He had the wealth and left us the employees in the dark.

On a personal note I apologize to anyone harmed that feels that myself or any of the Cryptsy staff (Let me change that to most staff) led you to invest or do anything with Paul, and Cryptsy. In the final days we the staff were not in contact with Paul 99% of the time. It was a headless company running on data provided by a false interface. We tried to improve, and generate revenue to keep it running.. The new look and some of the other things was us striving to try and keep the company running with very little input from the boss who was in China. Working on Cryptsy China.

To answer the why most Cryptsy Staff don't speak out? They don't live in Canada with the Maple Leaf shield and do not want to be Paul's fall guy. Shout out to Horus for continuing to be an outstanding guy and earning back everyone's respect he deserves it.

Lastly for the conspiracy theorists. The only people at that time with the power to steal the coins internally were:

Logan - Admittedly had all the passwords over time in the data center. Let go for being unstable (Likely Drug Related) With that said I do not think he took the coins he did not understand wallets, and Crypto and from what I know he still in the US with no money..

Mullick - Only had wallet access to most wallets. When wallets ran empty We complained to Mullick he complained to Paul and walla magic coins would appear, but as previously stated the most valuable wallets Paul would not grant access only refill when requested. It got bad when he went international as when a wallet would run dry only he could fill it. Of all the employees Mullick and I were close (internet buddies) Bottom line he didn't do it he is nearly broke now, and worked/works for the receiver.

Paul- Well I loved the guy like Spoetnik said he is a nice shy guy who just rubbed you the right way... Bottom line you cant have millions in personal assets, and move to China with no possible way to maintain income and defend the fact you could not reimburse a million dollar (at the time liability you had). Not to mention he ditched his wife and kids. The stories don't add up, and I have to lean toward we were all taken for fools (Cryptsy Staff).

With that said leave poor Jim alone the guy is easy to pick (porn background and crypto ignorant) on but definitely not in cahoots with Paul on this piece he is broke and probably bankrupt at this point, but I am confident he did not know, and was not involved. He and I were both remote employees like Horus. Both he, Horus and I only ever visited the HQ in Florida one time. Remote employees made about 30k a year or less. Some never mentioned here (or publicly EVER made) 150+k. Horus can vouch for that though I am more than confident he despises the man I tried really hard to mediate between the two...

With all that said Gleb, Spoetnik keep up the good fight. Someone has to.

Aaah finally we get some really strong information from someone within the company. I appreciate your input. My loss at Cryptsy was small, tiny compared to others but nonetheless I was scammed and this information will go along to way finding closure at some stage.

From what little I know about the issue I will go with what you said about "the stories don't add up". I think Paul Vernon may not have started the business as a scam but somewhere along the line he started taking money out of the company and could not replace it because the value of altcoins back then was nowhere near what they are now. After that he decided to dilly-dally off to China. The buck stops with him since according to you none of his ex-employees have any money and one as you put it is working with the receiver.

Paul Vernon is the scammer who did all this and he should face the music back in the U S of A

Yes, like Sonny Vleisides, Paul Vernon was on a good track now when starting Cryptsy, fresh after exiting two scam sites involving his wife, Lorie, Jim Shockney and his wife, Ginny, together scamming thousands from their user base, not to mention some pissed off folks using their porn sites, exactly what a well-off person would do to become even more well-off.

BitJohn (John Hammes), if Paul was so wealthy, they why did he need a loan from the company so to finally move outta that shack he lived in? Further, upon reading your latest post, the timelines seem skewed on more than a couple counts.

I contend that Mullick informed you that a "hack" occurred shortly after it happened since you and him are buds cuz buds tells other buds everything, like when last month I told my bud of 34 years that I had blood in my  semen after jacking off (new issue of Goat Monthly arrived in the mail - Miss Nanny of May is to die for  Kiss Kiss Kiss).

EDIT: I forgot something since implementing my new post format, releasing my inner Poe.

WHACK! WHACK!
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July 08, 2017, 12:36:44 PM
 #9806

Ah so it seems BitJohn might not be all that he seems.. (if you catch my drift)

I did have dealing with BitJohn when a trade of mine resulted in some of my coins going missing at Cryptsy. I was sure they went missing but BitJohn "looked" in to it by auditing my coins and found everything was in order. I wish I had pulled my coins out then as I was not happy with the way BitJohn dealt with me.

So according Gleb Gamow the information provided by BitJohn is shall we say, economical with the truth because he avoided mentioning the scam "Lorie, Jim Shockney and his wife, Ginny" were in. Also BitJohn claims this Mullick bloke was just a bloke working for Cryptsy however it seems that this Mullick chap and BitJohn maybe were more tighter back then than a freshly screwed light bulb  Shocked

So Mr John Hammes (BitJohn) please step forward now and clear your conscience now and say what you need to say... we are all ears.....




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BC.GAME
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July 08, 2017, 12:57:11 PM
 #9807

Ah so it seems BitJohn might not be all that he seems.. (if you catch my drift)

I did have dealing with BitJohn when a trade of mine resulted in some of my coins going missing at Cryptsy. I was sure they went missing but BitJohn "looked" in to it by auditing my coins and found everything was in order. I wish I had pulled my coins out then as I was not happy with the way BitJohn dealt with me.

So according Gleb Gamow the information provided by BitJohn is shall we say, economical with the truth because he avoided mentioning the scam "Lorie, Jim Shockney and his wife, Ginny" were in. Also BitJohn claims this Mullick bloke was just a bloke working for Cryptsy however it seems that this Mullick chap and BitJohn maybe were more tighter back then than a freshly screwed light bulb  Shocked

So Mr John Hammes (BitJohn) please step forward now and clear your conscience now and say what you need to say... we are all ears.....





Them ears turn me on, now thinkin' 'bout this song: https://www.youtube.com/watch?v=I0VZVC1sgWs How the hell he was able to play a 12-string guitar and sing perfectly while chewing gum outside where it was freezing at the time I'll never know. Sadly, Greg's no longer with us: https://www.youtube.com/watch?v=0pmDqfD9uQI
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July 08, 2017, 03:58:20 PM
 #9808

Spoetnik,

I occasionally still read this thread every few months, and what you just said is the first time I felt the need to reply. I think you hit the nail on the head so I have replied in line below.

Quote from: Spoetnik
I've posted that on here before and I lean towards him moving to South America or some shit.

Nah he is probably in China still.

Quote from: Spoetnik
I think he would avoid touching the coins out of fear of them getting tracked and then having been found.

I don't think he stole them. With that said I also think whoever did got scared, and tossed the keys.

Quote from: Spoetnik
I posted here long ago I think he got sick of it all and wanted out.
That was the driving force..
Coupled with a changing climate I harped on with his chat box..
He seen what I seen and cashed out and walked and did what many do when the titanic hits an iceberg..

Spoetnik hit that on the head.

Quote from: Spoetnik
And that is rip off shit on the way out the door.

Define.... If you mean compliance look at polo and coinbase everyone is doing the same things some slower than others... All US based are being compelled. Read the other threads. I only defend it because in the final days all of us were trying to keep the government happy.

Quote from: Spoetnik
I was watching since month one bud..
I know these people a hell of a lot better than you do.

You damn sure were since day one my friend. I remember you from the first days, and always respected your opinions. If I was able at the time you were removed to bring you back I would have... I always have always welcomed you to express your opinions and been up for debate.

Quote from: Spoetnik
Vern did not like the spotlight or dealing with people publicly..
He went on his chat box a couple times a year.
In video interviews he was shy and awkward.

Spot on


Quote from: Spoetnik
He's not a bad guy and was always trust worthy until the end.

We all felt that way.

Quote from: Spoetnik
He made a mistake.. One of opportunity.

I do think he did not steal the coin in question (the hack)... I also feel he stole lots of money in other ways (embezzlement) the evidence on that is clear.

Quote from: Spoetnik
Making him out to be a monster who planned this scam out from day one is stupid.
He meant well but wanted out.. So he closed up shop.

Agreed though in the final years I'm hesitant to speak out on his intention.

Quote from: Spoetnik
And I too would have probably stolen all the money in the bank before I closed it.
I don't see that as surprising really.
Have you all sat on millions in money that you could take with no one watching?

Before I resigned one of my biggest questions was how was he paying for the China trips when were struggling to pay the rent?

Quote from: Spoetnik
He is guilty I think but let's be real.. He meant to run a service but things went to shit.

Agreed

Quote from: Spoetnik
Many of you are forgetting when the so called hack happened crypto coin prices were dropping for 2 year steady more and more.. And users were drying up at Cryptsy.
So the situation from his own business perspective had to be fairly bleak.

It was and was not if managed properly... Cryptsy would have easily survived even the hack... To much money was pulled out of the company, and not reinvested in my opinion... Not to mention the personal wealth he had already...

Quote from: Spoetnik
I subscribe to the theory that he got sick of this shit and walked away..
He sure as fucking hell would not be the only one either..
I dumped all my BTC as It hit 1k each knowing the feeding frenzy and scammy coin cloning antics and rush of shit head NOOBS piling in would cause a deep recession... I kept saying it on Cryptsy chat and I know Vern heard me saying it.
Me and Vern walked at the same time pretty much..

Agreed

Quote from: Spoetnik
And I was right.

You were

Quote from: Spoetnik
Prices of alt's were decimated until mid 2016 when a new rush of retards rushed in fer teh roiz.
Even BTC hit sub 300 as I seen coming a mile away.

Agreed and still happening. I will insert here Cryptsy, and employees made ZERO alts. The ones we did were all pretty public,and all pre-employment there were like 12 at the time. The rest I have a good hunch where they started... IPO's ICO's

Quote from: Spoetnik
Many of you are off base on this clueless..

Agreed.

Quote from: Spoetnik
I think the moral of this story is money corrupts.
Vern started with good intentions but..

Agreed

Quote from: Spoetnik
He likely had personal reasons coupled with his view that crypto was dying..
It was guy's.. NOOB's here now will have no clue that happened.
They are wrapped up in the new fantasy land of never ending raining ICO SCAM money now.
But i watched as BTC and every Altcoin was decimated for YEARS.
BITCOIN ITSELF WAS SUB $300 Instead of over a grand and rising..
User growth slowed to a crawl and many left..
Altcoin prices were slaughtered leaving tons of broke bag holders.
The climate in crypto was vastly different than it was now.
There is no way that did not factor into Vern's decision to leave.
And look at this way.. Guilty or not he still decided to leave when he did!

If he managed to give a shit for a few more months and fund his company... You still wouldnt know it happened. Ill throw in here that Im a believer that most of the exchanges have been hacked and either they just refunded themselves externally or are just able to cover the losses.


Quote from: Spoetnik
I also posted on here why I quit and how I figured Vern agreed with me.
Even BitJohn said he did when back in the start of 2014 he was still arguing..
That shitcoin support is good.
It's not.

Spoetnik was right on that note I do not even support Bitcoin anymore.

Quote from: Spoetnik
It will collapse and what I kept saying all over is it's hard to feel sorry for greedy worthless selfish short sighted losers who show up here raping crypto for quick chump change profits.
Which is who flooded into crypto.. Not supporters.
But open mouth breathing baboons hell bent on profiting off of anything that was paying out.

When Cryptsy started it was about the miners about the not rich folks... That is why many of us joined. I was customer 14... It was also when we had like 12 cryptos... After that the competition was fierce if you did not add it they would. I recommended many Etherium was my last we didn't add it... In my opinion that was the beginning of the end. Paul was not around to implement it and only he could add coins.

Quote from: Spoetnik
Cryptsy pandered to these idiots while I kept lecturing them..
Would you give your kids candy every night for dinner?
Over and over all the Cryptsy guys cited "user demand"
So they could reap the reward while the going was good..
Then the kids got cavities..
I warned them not to pander to STUPID people.
They would not listen then it went to shit..

Spoetnik has always been the GOOD voice of reason. Not everyone in the company felt that way...

Quote from: Spoetnik
At that exact time Vern was doing his shit.. Setting up his exit.

Likely

Quote from: Spoetnik
This is why pandering is bad.
The people being pandered to will always turn on you eventually.
None of these people care about Cryptsy.
They are quislings.. Turn coats..
Shady money grubbing brats interested interested in one thing.
And that sure as fuck ain't supporting crypto.

Agreed

Quote from: Spoetnik
So do I feel sorry for them?
Nope.. Not really.

I think I can say for anyone that worked at Cryptsy that the EMPLOYEES all feel sorry for them. The environment for 98% of the staff was let crypto thrive and help the people... There may have been a guy or two that were painful internally to deal with...

Quote from: Spoetnik
Many knew better and refused to listen all the way up until Vern had to actually close the doors.

Because they were peddling their shit crypto to the end. When I say the end they began again the next day right where they left off and continue to do so.

Quote from: Spoetnik
No matter how bad it got there was cheerleaders hell bent on sucking cock and crying FUD online.

Some of that burden we the former employees painfully accept as our fault... We believed what we were saying. Like Horus has stated numerous times the books were cooked... It was not until the final days I got to see some books, and I resigned. On that note I fully expected Paul to cover the losses with his personal wealth at the time I left. He could have covered it all...

Quote from: Spoetnik
So they could exploit people trying to leave by standing in the middle of the Doge coin exit ramp.
Those same assholes there at the end buying all the Doge coins to arb with are now playing victim on a class action lawsuit.. Looking for sympathy and demonizing Vern and staff.

Doge coin issues have been replicated on other exchanges at this point with Ether... To much load for such a virgin infrastructure to handle. I still stand by Doge had a NASCAR Spoetnik haha.

Quote from: Spoetnik
They too must share some blame!

Beyond you who saw the writing on the wall for Alt coins early I'd agree we all do...

Quote from: Spoetnik
I warned people loud when GOX was pulling the same shit too..
It played out the exact same.

If only we had talked more... But on that note in retrospect many of the same things led to the Cryptsy fall. Again I will say from what I know of the other exchanges they are run in the same manner so buyer beware.

Quote from: Spoetnik
You all don't learn.
Or accept responsibility.
You only learn when you get bit. I think I can speak for many when I say that its been 24 months since I have traded or touched crypto... Crypto to me is poker or slots... Maybe with worse odds.

B
Quote from: Spoetnik
ut it does not bother me that much because..
Many of you are cocky mouthy little mouthy brats.
I have been on the internet longer than many brats here have even been alive.. Jiggling their little dick holsters at me.

Preach brother

Quote from: Spoetnik
There is no age requirement here guys.
Which is why Polo shut down the chat box.
Stupid brats running wild.. Controlling crypto.

They shut down the chat box to cover issues from the public eye... We did it when our servers couldnt handled the load in the early days. I say we but it was not an option. I fought to get it back.

Quote from: Spoetnik
And Cryptsy was giving the keys to drive to the kidiot profiteers.
So I think if crypto kept getting better Vern would still be running Cryptsy right now.

I agree

Quote from: Spoetnik
Anyway..
I think the key may be to look at TX's between Cryptsy and Cryptsy China.
He had to have funded it and that should have some links to uncover..
That might shed more light on this and maybe even expose where he is.

Probably though I bet hes in China and living well and not off the hacked coins. Again this is my biggest issue with the whole thing is EVEN with the hack Paul could have just fixed it out of hide he was wealthy pre-Cryptsy from other ventures. He had the wealth and left us the employees in the dark.

On a personal note I apologize to anyone harmed that feels that myself or any of the Cryptsy staff (Let me change that to most staff) led you to invest or do anything with Paul, and Cryptsy. In the final days we the staff were not in contact with Paul 99% of the time. It was a headless company running on data provided by a false interface. We tried to improve, and generate revenue to keep it running.. The new look and some of the other things was us striving to try and keep the company running with very little input from the boss who was in China. Working on Cryptsy China.

To answer the why most Cryptsy Staff don't speak out? They don't live in Canada with the Maple Leaf shield and do not want to be Paul's fall guy. Shout out to Horus for continuing to be an outstanding guy and earning back everyone's respect he deserves it.

Lastly for the conspiracy theorists. The only people at that time with the power to steal the coins internally were:

Logan - Admittedly had all the passwords over time in the data center. Let go for being unstable (Likely Drug Related) With that said I do not think he took the coins he did not understand wallets, and Crypto and from what I know he still in the US with no money..

Mullick - Only had wallet access to most wallets. When wallets ran empty We complained to Mullick he complained to Paul and walla magic coins would appear, but as previously stated the most valuable wallets Paul would not grant access only refill when requested. It got bad when he went international as when a wallet would run dry only he could fill it. Of all the employees Mullick and I were close (internet buddies) Bottom line he didn't do it he is nearly broke now, and worked/works for the receiver.

Paul- Well I loved the guy like Spoetnik said he is a nice shy guy who just rubbed you the right way... Bottom line you cant have millions in personal assets, and move to China with no possible way to maintain income and defend the fact you could not reimburse a million dollar (at the time liability you had). Not to mention he ditched his wife and kids. The stories don't add up, and I have to lean toward we were all taken for fools (Cryptsy Staff).

With that said leave poor Jim alone the guy is easy to pick (porn background and crypto ignorant) on but definitely not in cahoots with Paul on this piece he is broke and probably bankrupt at this point, but I am confident he did not know, and was not involved. He and I were both remote employees like Horus. Both he, Horus and I only ever visited the HQ in Florida one time. Remote employees made about 30k a year or less. Some never mentioned here (or publicly EVER made) 150+k. Horus can vouch for that though I am more than confident he despises the man I tried really hard to mediate between the two...

With all that said Gleb, Spoetnik keep up the good fight. Someone has to.



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July 08, 2017, 04:21:58 PM
 #9809

Spoetnik,

I occasionally still read this thread every few months, and what you just said is the first time I felt the need to reply. I think you hit the nail on the head so I have replied in line below.

Quote from: Spoetnik
I've posted that on here before and I lean towards him moving to South America or some shit.

Nah he is probably in China still.

Quote from: Spoetnik
I think he would avoid touching the coins out of fear of them getting tracked and then having been found.

I don't think he stole them. With that said I also think whoever did got scared, and tossed the keys.

Quote from: Spoetnik
I posted here long ago I think he got sick of it all and wanted out.
That was the driving force..
Coupled with a changing climate I harped on with his chat box..
He seen what I seen and cashed out and walked and did what many do when the titanic hits an iceberg..

Spoetnik hit that on the head.

Quote from: Spoetnik
And that is rip off shit on the way out the door.

Define.... If you mean compliance look at polo and coinbase everyone is doing the same things some slower than others... All US based are being compelled. Read the other threads. I only defend it because in the final days all of us were trying to keep the government happy.

Quote from: Spoetnik
I was watching since month one bud..
I know these people a hell of a lot better than you do.

You damn sure were since day one my friend. I remember you from the first days, and always respected your opinions. If I was able at the time you were removed to bring you back I would have... I always have always welcomed you to express your opinions and been up for debate.

Quote from: Spoetnik
Vern did not like the spotlight or dealing with people publicly..
He went on his chat box a couple times a year.
In video interviews he was shy and awkward.

Spot on


Quote from: Spoetnik
He's not a bad guy and was always trust worthy until the end.

We all felt that way.

Quote from: Spoetnik
He made a mistake.. One of opportunity.

I do think he did not steal the coin in question (the hack)... I also feel he stole lots of money in other ways (embezzlement) the evidence on that is clear.

Quote from: Spoetnik
Making him out to be a monster who planned this scam out from day one is stupid.
He meant well but wanted out.. So he closed up shop.

Agreed though in the final years I'm hesitant to speak out on his intention.

Quote from: Spoetnik
And I too would have probably stolen all the money in the bank before I closed it.
I don't see that as surprising really.
Have you all sat on millions in money that you could take with no one watching?

Before I resigned one of my biggest questions was how was he paying for the China trips when were struggling to pay the rent?

Quote from: Spoetnik
He is guilty I think but let's be real.. He meant to run a service but things went to shit.

Agreed

Quote from: Spoetnik
Many of you are forgetting when the so called hack happened crypto coin prices were dropping for 2 year steady more and more.. And users were drying up at Cryptsy.
So the situation from his own business perspective had to be fairly bleak.

It was and was not if managed properly... Cryptsy would have easily survived even the hack... To much money was pulled out of the company, and not reinvested in my opinion... Not to mention the personal wealth he had already...

Quote from: Spoetnik
I subscribe to the theory that he got sick of this shit and walked away..
He sure as fucking hell would not be the only one either..
I dumped all my BTC as It hit 1k each knowing the feeding frenzy and scammy coin cloning antics and rush of shit head NOOBS piling in would cause a deep recession... I kept saying it on Cryptsy chat and I know Vern heard me saying it.
Me and Vern walked at the same time pretty much..

Agreed

Quote from: Spoetnik
And I was right.

You were

Quote from: Spoetnik
Prices of alt's were decimated until mid 2016 when a new rush of retards rushed in fer teh roiz.
Even BTC hit sub 300 as I seen coming a mile away.

Agreed and still happening. I will insert here Cryptsy, and employees made ZERO alts. The ones we did were all pretty public,and all pre-employment there were like 12 at the time. The rest I have a good hunch where they started... IPO's ICO's

Quote from: Spoetnik
Many of you are off base on this clueless..

Agreed.

Quote from: Spoetnik
I think the moral of this story is money corrupts.
Vern started with good intentions but..

Agreed

Quote from: Spoetnik
He likely had personal reasons coupled with his view that crypto was dying..
It was guy's.. NOOB's here now will have no clue that happened.
They are wrapped up in the new fantasy land of never ending raining ICO SCAM money now.
But i watched as BTC and every Altcoin was decimated for YEARS.
BITCOIN ITSELF WAS SUB $300 Instead of over a grand and rising..
User growth slowed to a crawl and many left..
Altcoin prices were slaughtered leaving tons of broke bag holders.
The climate in crypto was vastly different than it was now.
There is no way that did not factor into Vern's decision to leave.
And look at this way.. Guilty or not he still decided to leave when he did!

If he managed to give a shit for a few more months and fund his company... You still wouldnt know it happened. Ill throw in here that Im a believer that most of the exchanges have been hacked and either they just refunded themselves externally or are just able to cover the losses.


Quote from: Spoetnik
I also posted on here why I quit and how I figured Vern agreed with me.
Even BitJohn said he did when back in the start of 2014 he was still arguing..
That shitcoin support is good.
It's not.

Spoetnik was right on that note I do not even support Bitcoin anymore.

Quote from: Spoetnik
It will collapse and what I kept saying all over is it's hard to feel sorry for greedy worthless selfish short sighted losers who show up here raping crypto for quick chump change profits.
Which is who flooded into crypto.. Not supporters.
But open mouth breathing baboons hell bent on profiting off of anything that was paying out.

When Cryptsy started it was about the miners about the not rich folks... That is why many of us joined. I was customer 14... It was also when we had like 12 cryptos... After that the competition was fierce if you did not add it they would. I recommended many Etherium was my last we didn't add it... In my opinion that was the beginning of the end. Paul was not around to implement it and only he could add coins.

Quote from: Spoetnik
Cryptsy pandered to these idiots while I kept lecturing them..
Would you give your kids candy every night for dinner?
Over and over all the Cryptsy guys cited "user demand"
So they could reap the reward while the going was good..
Then the kids got cavities..
I warned them not to pander to STUPID people.
They would not listen then it went to shit..

Spoetnik has always been the GOOD voice of reason. Not everyone in the company felt that way...

Quote from: Spoetnik
At that exact time Vern was doing his shit.. Setting up his exit.

Likely

Quote from: Spoetnik
This is why pandering is bad.
The people being pandered to will always turn on you eventually.
None of these people care about Cryptsy.
They are quislings.. Turn coats..
Shady money grubbing brats interested interested in one thing.
And that sure as fuck ain't supporting crypto.

Agreed

Quote from: Spoetnik
So do I feel sorry for them?
Nope.. Not really.

I think I can say for anyone that worked at Cryptsy that the EMPLOYEES all feel sorry for them. The environment for 98% of the staff was let crypto thrive and help the people... There may have been a guy or two that were painful internally to deal with...

Quote from: Spoetnik
Many knew better and refused to listen all the way up until Vern had to actually close the doors.

Because they were peddling their shit crypto to the end. When I say the end they began again the next day right where they left off and continue to do so.

Quote from: Spoetnik
No matter how bad it got there was cheerleaders hell bent on sucking cock and crying FUD online.

Some of that burden we the former employees painfully accept as our fault... We believed what we were saying. Like Horus has stated numerous times the books were cooked... It was not until the final days I got to see some books, and I resigned. On that note I fully expected Paul to cover the losses with his personal wealth at the time I left. He could have covered it all...

Quote from: Spoetnik
So they could exploit people trying to leave by standing in the middle of the Doge coin exit ramp.
Those same assholes there at the end buying all the Doge coins to arb with are now playing victim on a class action lawsuit.. Looking for sympathy and demonizing Vern and staff.

Doge coin issues have been replicated on other exchanges at this point with Ether... To much load for such a virgin infrastructure to handle. I still stand by Doge had a NASCAR Spoetnik haha.

Quote from: Spoetnik
They too must share some blame!

Beyond you who saw the writing on the wall for Alt coins early I'd agree we all do...

Quote from: Spoetnik
I warned people loud when GOX was pulling the same shit too..
It played out the exact same.

If only we had talked more... But on that note in retrospect many of the same things led to the Cryptsy fall. Again I will say from what I know of the other exchanges they are run in the same manner so buyer beware.

Quote from: Spoetnik
You all don't learn.
Or accept responsibility.
You only learn when you get bit. I think I can speak for many when I say that its been 24 months since I have traded or touched crypto... Crypto to me is poker or slots... Maybe with worse odds.

B
Quote from: Spoetnik
ut it does not bother me that much because..
Many of you are cocky mouthy little mouthy brats.
I have been on the internet longer than many brats here have even been alive.. Jiggling their little dick holsters at me.

Preach brother

Quote from: Spoetnik
There is no age requirement here guys.
Which is why Polo shut down the chat box.
Stupid brats running wild.. Controlling crypto.

They shut down the chat box to cover issues from the public eye... We did it when our servers couldnt handled the load in the early days. I say we but it was not an option. I fought to get it back.

Quote from: Spoetnik
And Cryptsy was giving the keys to drive to the kidiot profiteers.
So I think if crypto kept getting better Vern would still be running Cryptsy right now.

I agree

Quote from: Spoetnik
Anyway..
I think the key may be to look at TX's between Cryptsy and Cryptsy China.
He had to have funded it and that should have some links to uncover..
That might shed more light on this and maybe even expose where he is.

Probably though I bet hes in China and living well and not off the hacked coins. Again this is my biggest issue with the whole thing is EVEN with the hack Paul could have just fixed it out of hide he was wealthy pre-Cryptsy from other ventures. He had the wealth and left us the employees in the dark.

On a personal note I apologize to anyone harmed that feels that myself or any of the Cryptsy staff (Let me change that to most staff) led you to invest or do anything with Paul, and Cryptsy. In the final days we the staff were not in contact with Paul 99% of the time. It was a headless company running on data provided by a false interface. We tried to improve, and generate revenue to keep it running.. The new look and some of the other things was us striving to try and keep the company running with very little input from the boss who was in China. Working on Cryptsy China.

To answer the why most Cryptsy Staff don't speak out? They don't live in Canada with the Maple Leaf shield and do not want to be Paul's fall guy. Shout out to Horus for continuing to be an outstanding guy and earning back everyone's respect he deserves it.

Lastly for the conspiracy theorists. The only people at that time with the power to steal the coins internally were:

Logan - Admittedly had all the passwords over time in the data center. Let go for being unstable (Likely Drug Related) With that said I do not think he took the coins he did not understand wallets, and Crypto and from what I know he still in the US with no money..

Mullick - Only had wallet access to most wallets. When wallets ran empty We complained to Mullick he complained to Paul and walla magic coins would appear, but as previously stated the most valuable wallets Paul would not grant access only refill when requested. It got bad when he went international as when a wallet would run dry only he could fill it. Of all the employees Mullick and I were close (internet buddies) Bottom line he didn't do it he is nearly broke now, and worked/works for the receiver.

Paul- Well I loved the guy like Spoetnik said he is a nice shy guy who just rubbed you the right way... Bottom line you cant have millions in personal assets, and move to China with no possible way to maintain income and defend the fact you could not reimburse a million dollar (at the time liability you had). Not to mention he ditched his wife and kids. The stories don't add up, and I have to lean toward we were all taken for fools (Cryptsy Staff).

With that said leave poor Jim alone the guy is easy to pick (porn background and crypto ignorant) on but definitely not in cahoots with Paul on this piece he is broke and probably bankrupt at this point, but I am confident he did not know, and was not involved. He and I were both remote employees like Horus. Both he, Horus and I only ever visited the HQ in Florida one time. Remote employees made about 30k a year or less. Some never mentioned here (or publicly EVER made) 150+k. Horus can vouch for that though I am more than confident he despises the man I tried really hard to mediate between the two...

With all that said Gleb, Spoetnik keep up the good fight. Someone has to.



bottlecaps you still pumping? :-D h00t!


"Personally, I'm keen on Frankos."
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July 08, 2017, 04:50:27 PM
 #9810

Thanks for making a statement. I agree, Jim most likely knew nothing, he was crypto ignorant for sure. Jim and I did butt heads a lot, but I wouldn't want to accuse him of anything without evidence as that is extremely unfair. I believe Paul is comfortably in China for sure. Do I think he was hacked and someone else holds, or at least held, those coins? yes. Do I think Paul also embezzled over 3 million out of the company before the hack even happened? yes. It is nice behind my Canadian shield though and I understand no one really coming here from the staff. Only those of us with thick skin ( yourself, mullick and I), could really handle it here without being completely run off or becoming the fall guy. The community is very rough at first, but understandably so. Once you have chats they become very reasonable and only want to know things that they should have a right to know anyway.
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July 08, 2017, 05:19:42 PM
 #9811

Thanks for making a statement. I agree, Jim most likely knew nothing, he was crypto ignorant for sure. Jim and I did butt heads a lot, but I wouldn't want to accuse him of anything without evidence as that is extremely unfair. I believe Paul is comfortably in China for sure. Do I think he was hacked and someone else holds, or at least held, those coins? yes. Do I think Paul also embezzled over 3 million out of the company before the hack even happened? yes. It is nice behind my Canadian shield though and I understand no one really coming here from the staff. Only those of us with thick skin ( yourself, mullick and I), could really handle it here without being completely run off or becoming the fall guy. The community is very rough at first, but understandably so. Once you have chats they become very reasonable and only want to know things that they should have a right to know anyway.

Much respect to you Horus_Cryptsy for your honesty. If you feel Cryptsy was indeed hacked (keeping the Paul Vernon involvement aside), who do you think may have done it? An ex-employee or someone else?

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July 08, 2017, 05:27:58 PM
 #9812

Thanks for making a statement. I agree, Jim most likely knew nothing, he was crypto ignorant for sure. Jim and I did butt heads a lot, but I wouldn't want to accuse him of anything without evidence as that is extremely unfair. I believe Paul is comfortably in China for sure. Do I think he was hacked and someone else holds, or at least held, those coins? yes. Do I think Paul also embezzled over 3 million out of the company before the hack even happened? yes. It is nice behind my Canadian shield though and I understand no one really coming here from the staff. Only those of us with thick skin ( yourself, mullick and I), could really handle it here without being completely run off or becoming the fall guy. The community is very rough at first, but understandably so. Once you have chats they become very reasonable and only want to know things that they should have a right to know anyway.

Much respect to you Horus_Cryptsy for your honesty. If you feel Cryptsy was indeed hacked (keeping the Paul Vernon involvement aside), who do you think may have done it? An ex-employee or someone else?

I honestly have no idea. There is no way to know 100%. Speculation would be just that, speculation. I believe it was through lucky7coin wallet, but I have no way to actually know that, that's just what was stated. If I had to make a bet though, I'd honestly bet it was someone outside of the company. That's just my opinion though.
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July 08, 2017, 05:50:26 PM
 #9813

I honestly have no idea. There is no way to know 100%. Speculation would be just that, speculation. I believe it was through lucky7coin wallet, but I have no way to actually know that, that's just what was stated. If I had to make a bet though, I'd honestly bet it was someone outside of the company. That's just my opinion though.

Thank you for your views but it would be hard to believe that one wallet screwed everything up for everyone when cold storage was used... but thank you for your insight

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YuTü.Co.in
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July 08, 2017, 08:03:52 PM
 #9814

I honestly have no idea. There is no way to know 100%. Speculation would be just that, speculation. I believe it was through lucky7coin wallet, but I have no way to actually know that, that's just what was stated. If I had to make a bet though, I'd honestly bet it was someone outside of the company. That's just my opinion though.

Thank you for your views but it would be hard to believe that one wallet screwed everything up for everyone when cold storage was used... but thank you for your insight

The keyword is cold storage. Cold storage as in the server where the majority of the bitcoins were store WASN'T connected to the Internet, yet Mr. Genius Hacker had no problem whatsoever accessing the offline server, stealing the coins, and putting the server back offline.

After the hack was uncovered, Paul Vernon was contacted, whereupon he didn't even take time to change the underwear he wore the day before and headed down to the office, immediately contacting Mallick to see if he had any insight of the hack. It wasn't Mallick, so the next course of action was ...

Paul: Mallick, don't tell anybody about what happened.
Mallick: How are gonna cover the loses?
Paul: Business is good, so we'll simply take it out of future profits.
Mullick: DUDE, when the smoke clears, you'll gonna be looked upon as a God.
Paul: Buddha, but close enough.
Mullick: May the path to liberation be with us.
Paul: Heard that! Hold the fort down while I return home to change my underwear. Remember, mums the word.
Mullick: Got it! <within an hour later> Hey, BitJohn, you ain't gonna believe what happened. Don't tell anybody unless it's Horus or Logan. A few hours ago ...

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July 08, 2017, 08:23:15 PM
 #9815

The keyword is cold storage. Cold storage as in the server where the majority of the bitcoins were store WASN'T connected to the Internet, yet Mr. Genius Hacker had no problem whatsoever accessing the offline server, stealing the coins, and putting the server back offline.

After the hack was uncovered, Paul Vernon was contacted, whereupon he didn't even take time to change the underwear he wore the day before and headed down to the office, immediately contacting Mallick to see if he had any insight of the hack. It wasn't Mallick, so the next course of action was ...

Paul: Mallick, don't tell anybody about what happened.
Mallick: How are gonna cover the loses?
Paul: Business is good, so we'll simply take it out of future profits.
Mullick: DUDE, when the smoke clears, you'll gonna be looked upon as a God.
Paul: Buddha, but close enough.
Mullick: May the path to liberation be with us.
Paul: Heard that! Hold the fort down while I return home to change my underwear. Remember, mums the word.
Mullick: Got it! <within an hour later> Hey, BitJohn, you ain't gonna believe what happened. Don't tell anybody unless it's Horus or Logan. A few hours ago ...

Yes I understand your perspective but this does not prove collusion on part of Mallick, Horus_Cryptsy, BitJohn or Logan (or anyone else).

The problem here is COLD STORAGE as stated by Horus_Cryptsy. How the hell can someone hack cold storage bitcoins if not connected to the internet and furthermore, maybe these cold storage wallets were nothing more than desktop wallets or paper offline ones too.

Surely the Pauldemort never kept ALL the different types of coins on ONE server or PC. What is truth here??

Paul, Paul, come out wherever you are !


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July 08, 2017, 11:13:41 PM
 #9816

Quote
How the hell can someone hack cold storage bitcoins if not connected to the internet ...

I'll go one better: How can someone hack cold or hot storage bitcoins if all the bitcoins were converted to fiat upon arrival?

http://www.miaminewtimes.com/news/cryptsy-founder-paul-vernon-speaks-out-about-millions-in-lost-customer-funds-8568540

Quote
From 2013 to 2015, you converted Bitcoin to thousands of dollars a day on Coinbase. Where did those coins come from?

Cryptsy collected its revenue in Bitcoin, which in turn was converted into USD via Coinbase. This was the financial model we used.

Q. If Cryptsy converted all its bitcoin <why did Paul capitalize Bitcoin?> revenue into USD via Coinbase, then why did you have over a thousand bitcoins on your server?
A. Petty cash on hand.
Q. How did the hacker gain access to the coin storage server not connected to the Internet.
A. What part of we're dealing with a Genius Hacker didn't you understand?
Q. Like the magic bullet that killed Kennedy, eh?
A. I am fond of Texas. Love their BBQ brisket.
Q. Is there BBA there in China?
A. Damn straight there is!


"I BBQ Bob. Special today BBQ pony or feret. Come with rice or dog tripe soup, and fried scorpions."

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July 08, 2017, 11:46:59 PM
 #9817

If Vern wasn't in on the Theft of the Alt coins, why not at least contact the other exchanges and halt the sell off? The exchanges could have confiscated the coin just by doing Blockchain detective work. No mixers for Litecoin and other etc. Saying that he didn't want to let anyone know about the theft and run the Fractional reserve doesn't add up. All he had to do is say to flag the accounts for investigation. The funds could have been frozen at the exchanges. To top it off there was nothing suspicious to that amount of volume from the other exchanges! They just let the money go and don't know who or what in the KYC/AML happened? The account info is still there about anyone who participated in these sell offs. There are names to the accounts right? They have to turn it into money and there is a trail now.
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July 09, 2017, 01:09:59 AM
 #9818

I assumed that Horus. Good you spoke up though.
Pour yourself a glass of beaver wine.. You earned it today!

Fun Fact:
Canadians make wine out beavers.
We also club seals..the smirk on their face is just too punchable.. Uppity bastards!  Angry
Also most are afraid of the dark.. Ghosts etc.  Shocked

.. Now you know!

Eerily accurate

Have you returned all your earnings and assets from stolen crypto to the receiver...

I hear your on the list of complicit and/or incompetent employees

Yes, we have already determined that I drank the koolaid and that the numbers I saw were fudged on dev end. I've been working with the receiver since the beginning, I was actually the first staff member to call and tell them everything I knew. I gave them everything I had to give. I've just been posting here to clear up some questions and share info when I had it.

FWIW, I believe the above account and have spoken in-depth with Horus over the phone, cementing the notion.

That said, onto some fun stuff.

ATTENTION CHINESE THUGS!

Free U$27.5M for the taking. All you have to do to get it is find this man - Paul Vernon - currently living in China.


Upon his capture, take him to a secluded location and politely ask him for the private keys for the bitcoin wallet addresses depicted here; https://blockchain.info/tx/c7b46a79fd8887038bd3a8e884b04820038415a60e0b9d2c2f5bcff68a2687bf

Inform Paul that there'll be 10 levels of asking for the keys, with subsequent levels not as nice as the previous level. Further instruct him that he won't like level 3 upon recovering from level 2.

Rest assured that Paul will provide what's kindly being asked of him by no later than level 2 because he is a pussy. Once the info is provided, kindly let him go, thanking him for the info. That, or let Paul try on a new pair of cement boots in making sure they're comfortable prior to mass producing them for the marketplace. On a side note, Paul loves swimming, so this would be a perfect opportunity to see if your cement boot line is water tight while being donned.

The first person to find Paul Vernon wins.


ONE TINY problem..... Perv Vern may have lost the keys.    Cheesy


Ummm guys... Im pretty sure DJ Khaled has the keys...


Eyes open, No Fear. Be Safe! Trinity: Currency Without Bias
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July 09, 2017, 01:12:24 AM
 #9819

Quote
How the hell can someone hack cold storage bitcoins if not connected to the internet ...

I'll go one better: How can someone hack cold or hot storage bitcoins if all the bitcoins were converted to fiat upon arrival?

http://www.miaminewtimes.com/news/cryptsy-founder-paul-vernon-speaks-out-about-millions-in-lost-customer-funds-8568540

Quote
From 2013 to 2015, you converted Bitcoin to thousands of dollars a day on Coinbase. Where did those coins come from?

Cryptsy collected its revenue in Bitcoin, which in turn was converted into USD via Coinbase. This was the financial model we used.

Q. If Cryptsy converted all its bitcoin <why did Paul capitalize Bitcoin?> revenue into USD via Coinbase, then why did you have over a thousand bitcoins on your server?
A. Petty cash on hand.
Q. How did the hacker gain access to the coin storage server not connected to the Internet.
A. What part of we're dealing with a Genius Hacker didn't you understand?
Q. Like the magic bullet that killed Kennedy, eh?
A. I am fond of Texas. Love their BBQ brisket.
Q. Is there BBA there in China?
A. Damn straight there is!





"I BBQ Bob. Special today BBQ pony or feret. Come with rice or dog tripe soup, and fried scorpions."

It was 11 thousand not 1 thousand.

Eyes open, No Fear. Be Safe! Trinity: Currency Without Bias
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July 09, 2017, 01:23:40 AM
 #9820


 akin to civil asset forfeiture here in the US, then kick his pussy ass outta the country, perhaps sent to Mongolia to live in a yurt on a spread tending yaks.

and make him eat that yak bollocks stew them mongoloids prepare as a delicacy. they really do...
 i saw it on some show of a couple of bikers  "The Long Way Round" or some such thing.
one episode they hung out in yurts and feasted on  a stew of festering yak scrotum testicles. i shit you not...

anyway thought id share that ....

its on topic... aint it?  Grin

edit...oh wait.. mighta been reindeer testicles ,but whatever...

Bitcoin...the future of all monetary transactions...and always will be
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