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Author Topic: It's finally happened CRYPTSY is insolvent  (Read 10042 times)
Spoetnik (OP)
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November 09, 2015, 08:59:16 AM
 #1

https://bitcointalk.org/index.php?topic=1173703.msg12925578#msg12925578

look at one of the last pages.. BigVern's (Paul) house was foreclosed on.
i'd say they are done.

edit:
- Changed link from page 1 to post by Gleb Gamow.

where he posted..

Quote

Homeless people don't run exchanges LOL

FUD first & ask questions later™
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November 09, 2015, 09:04:38 AM
 #2

https://bitcointalk.org/index.php?topic=1173703.msg12925578#msg12925578

look at one of the last pages.. BigVern's (Paul) house was foreclosed on.
i'd say they are done.

to bad, i liked their interface.... But all the negative signs were there i guess.

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DecentralizeEconomics
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November 09, 2015, 10:13:48 AM
 #3

My face when I heard that Craptsy was insolvent.



But srsly, they've been running a fractional reserve scheme for years.  I can't believe people still use these centralized exchanges.

"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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November 09, 2015, 11:18:02 AM
 #4

My face when I heard that Craptsy was insolvent.



But srsly, they've been running a fractional reserve scheme for years.  I can't believe people still use these centralized exchanges.

Probably you forget to say about BitShares decentralized exchange:  Smiley
https://openledger.info

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vlom
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November 09, 2015, 11:41:04 AM
 #5

but the exchange is still online.

does someone want to crash cryptsy with this rumor? that everybody withdraw everything? if this will happened then god night cryptsy.
if yes: anybody knows why?

and people are still trading.

lets see what will happen.
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November 09, 2015, 11:45:25 AM
 #6

they stolen my BTC, insane transiction fee, i hope they all closed soon an go to jail.
Timeline
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November 09, 2015, 12:14:05 PM
 #7

I made trades on Cryptsy only a few weeks ago luckily I was able to withdraw my coins out of the exchange.

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November 09, 2015, 03:30:39 PM
 #8

seariously man???  Shocked Shocked Shocked Shocked
i just withdrew all my funds from them today!! thank to god

And also my withdrawal got processed immediately. lucky me.. 
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November 09, 2015, 04:11:42 PM
 #9

all the more reason to get on 1ex.trade
Cheesy
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November 09, 2015, 04:30:24 PM
 #10



Quote

I can never believe how cheap property is in (most of) the USA.  The average property price (including apartments) in London is now $750,000.
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November 09, 2015, 04:44:25 PM
 #11

Jesus.. people are trying HARD to take out cryptsy..
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November 09, 2015, 04:47:43 PM
 #12

where are they to defend this claim??

Is it true? was it his house?
Is it his only house or one of many?

either way they should be here commenting on this,

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November 09, 2015, 04:49:46 PM
 #13

I think you're going too far....

I have never liked Cryptsy and haven't traded there since spring 2014 but stating shit like this on some circumstantial "proof" is a pretty asshole-ish move.

Internet narcissists....tsk tsk tsk.

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Spoetnik (OP)
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November 09, 2015, 05:17:23 PM
 #14

so when do you say something ?
When the owners house is foreclosed on ?
When you have 100 bad stories ?
When you see 100 other people have bad stories ?
At what point do you go online and warn others ?

You mean to tell me that with all the info available nobody should have spoke up ?
And nobody should come to that conclusion ?

rampant illogical fanboysim in the face of reality.. TSK TSK TSK

and by the way Cryptsy shill few people would say that except a staff member hiding.
there is only one group of select people who know when i traded last on Cryptsy.
you pretty much outed yourself LOL
Like when Kluge did using the name i only registered at Cryptsy with..
Just more proof your private info with them does not stay private.
And that Cryptsy guys are back stabbing lying two faced weazles.

and the Kluge thing was he used the name i registered at Cryptsy with by sending me a pm(s)
giving me multiple threats including extortion and death threats.. *100% unprovoked.
For your info he's a trusted Donator Veteran member here.. obviously with contacts with Cryptsy staff.
How else did he get that name ?
Think about it..

Cryptsy also banned me from chat for a year there (about a year ago)
Because i mentioned their points hack incident.. ON THIS FORUM (not their chat-box)
What you say on the forum here is grounds for having your account fucked up by staff.
Talk about professionalism LOL

And i was right because the entire chat box told me it happened (i was not there when it went down)
Cryptsy proved it by a Twitter statement saying their rolled back all trades on that day.
and rolled back the points market.
But according to Craptsy idiots i was lying as JShock so aggressively mouthed me off about.
(I still have that mouthy pricks logged) (all of this is logged and dated on the forum from last year)
I also talked to the guy who did it LOL

Cryptsy douches are weazles and will rarely ever show their face.
But they will run here asap using a variety of "hidden" accounts to run their fucking mouth.
Go fix your exchange shitheads and STFU
AND.. pay people their coins dipshits.. it's not your money !

Want a hundred fucking million horrible Cryptsy stories ?
I have toooooooooooooooooons !

Their track record is pure dog shit.

Want to see some IRC logs of 1,000 users bitching about the same thing ?
I have them on my hard drive right now.

Drown Cryptsy faggots.. i hope yous suffer. YOU DESERVE IT !

FUD first & ask questions later™
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November 09, 2015, 05:37:04 PM
 #15

Haha...me a Cryptsy fanboi that is rich.

Whatever, why do I even care.

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November 09, 2015, 05:48:59 PM
 #16

Just took out 500 xpm...

Attempting to take out sexcoin just waiting on confirm text..  Still I've never had an issue...


humzzz.. this is becoming interesting ... :S
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November 09, 2015, 07:00:48 PM
 #17

Does Cryptsy mess up sometimes? Yes.. but name a single exchange that doesn't.

Can anyone name a single time Cryptsy actually did scam anyone.. not just let them wait a little longer than usual for their coins.. but actually scammed?

Cryptsy is one of the longest running exchanges in the scene, and some coins are traded on Cryptsy and nowhere else. If you think Cryptsy shutting down will be a good thing for crypto I have news for you.. it won't be.

So stop with the lies and rumours and give them some time ffs . Plus, their new UI is pretty usuable.
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November 09, 2015, 08:10:17 PM
Last edit: November 09, 2015, 08:20:49 PM by ArticMine
 #18

Update on my attempts to withdraw my balance of approx 70 BTC & 900 DASH from Cryptsy:

New day & my second 3.4 BTC W/D has been sent, still waiting on 300 DASH and heard nothing from Cryptsy about when they will make me Tier 3 and if they need any additional info from what I'd already sent to be fully verified in the past for this, so that I can W/D the rest of my now 66 BTC.

It says "Show Withdraw Limit $-559.5796975" so apparently I have a negative W/D limit atm, they are well aware of the Reddit thread but choose not to come on there and explain themselves, they continue to fail to communicate with me even though according to their support JShock on the chat I am the number one W/D priority to solve.

Edit to add: When I tried to post this in their chat it now appears that overnight when afk and not posting on it for 12 hours, that I've been permanently banned from posting there.



Until the above is fully resolved I would not even consider trusting Cryptsy with 0.000000000001 XMR. I do hope Otoh gets his XBT and DASH back. This is not the first time that I have seen AML/KNC used as an excuse to hide insolvency and / or fraud. By the way ever wondered why the bulk of DASH/XBT trading has moved from Cryptsy to Poloniex?

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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November 09, 2015, 08:27:08 PM
 #19

I'm no fan of cryptsy lately, but could it be that they are just understaffed and overwhelmed? Both on support and actual maintenance?




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November 09, 2015, 08:35:14 PM
 #20

I'm no fan of cryptsy lately, but could it be that they are just understaffed and overwhelmed? Both on support and actual maintenance?

One can deal with the above account in its entirety with the way less effort than dribbling out small amounts of XBT and DASH.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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