The Exchange cryptsy dies?

[Casa Electra]

I took what i had out a few months ago, but i had approx 0.5 BTC left in there, trying to withdraw it yesterday, i noticed that they have reduced the (unverified) withdrawing limits to the equiv of $25 a  day and $100 a month. i tried to withdraw the BTC equiv of $25 yesterday, and this morning i notice the transfer is still pending. hmmm

THis is the same as when a bank goes down, aka "capital controls" not letting people take their money out

[Gleb Gamow]

What is happent to cryptsy?

a withdrawal of all coins with high volume is no longer possible or the amount paid has been severely limited.
the altcoins where a withdrawal is possible where the price is about 30-50% higher than the normal rate.

Cryptsy was removed from coinwarz and coinmarketcap

"Somebody Photoshop me, please!"

[noel57]

I cannot doubt your topic assertion because nobody can withdraw any coin from their website not only bitcoin but they are still receiving deposits.

[crazywack]

I don't know how many threads we already have of this topic, been seeing and saying to trade at cryptsy with caution. its been a time bomb for YEARS...

[CryptoBjorn]

I think it will not make the end of this month.
Honestly prices of coins are unrealistic, the support team is gone.

And Vern is on the bahama's

[vileygroun]

Try to withdraw from cryptsy as altcoins as fast as possible. Seems they are insolvent at the moment.

[maokoto]

So this is really the end? I have been reading about cryptsy dying for months I think, but whenever I entered the site it seemed to work. It is true that some coins were overpiced, though.

Fortunately (it seems) I have nothing in cryptsy right now.

[jt byte]

So this is really the end? I have been reading about cryptsy dying for months I think, but whenever I entered the site it seemed to work. It is true that some coins were overpiced, though.

Fortunately (it seems) I have nothing in cryptsy right now.

It's the end..
No office
No withdrawals
No news/updates
No support.

All the signals are there, vern wanted to get out and decided to get out like a thief.

[noel57]

At last i got all my funds out of the sinking cryptsy boat, i feel much better now.

[teonoaro]

This is a good learning curve for people who have been into cryptos after gox disappearance. For the past two years, cryptsy have been in exchange business. Many times, I have heard about poor performance of cryptsy. The trades are done slowly. Many people were aware of the current issues which might arise. They have kept their funds out of the exchange. Still now, you need to admit some loss to withdraw your currency. Who knows, they can come up with their faults and find out solution for all the issues. No one can assure.

[lahm-44]

Their services are not free, if that's what you mean.  You pay each time you make a trade, but I have no idea why they or any other exchange becomes insolvent.  You'd think that there's two sides to each trade and an exchanges function is to match buy and sell orders and not to take either side of the trade.  Am I totally ignorant??   

[alwinlinzee]

This problem might have started unnoticed during the lawsuit or the judgement passed by the judge but most important thing is to try and withdraw your funds even if you will loose some funds.

[vit0z]

Important System Notification

NOTICE: UNTIL WE ARE ABLE TO DETERMINE EXTENT OF ATTACK, ALL WITHDRAWALS AND MARKETS ARE PAUSED

[EXtremeAEX]

....... I was using Cryptsy as a site to hold all my alt coins mainly Doge and Lite, and now what? There isn't much balance in there though, so now that Cryptsy is gone (most likely), what exchange site do we switch to? They sent an email saying you can claim your remaining balance at cryptsy-refund.com, but it doesn't work for me. :/

Hoping for the best, and hope not another site that turns out to be a scam.

[tiggytomb]

It is a real shame that Cryptsy has fallen in this way, I always saw them as one of the better exchanges, once I started to read about withdraw issues I removed the small amount of altcoins I had left in there.

This is another reminder that large amounts of bitcoin should not be trusted on exchanges, Bittrex is a good alternative for altcoin trading and also poloniex.

[wikenpp]

I  got this mail today, so yeah I guess it's over:

A divorce, investigation from the sec and now the 'Hack'

Hi, Cryptsy ceases its activities in the wake of the theft of most of Bitcoins from the COLD storage.

You can start a refund procedure at the link:
https://cryptsy-refund.com/

Please accept our apologies.

Cryptsy

[bitcon]

i've always hated craptsy since a year ago they held 10,000 of my litecoins hostage when i tried to withdrawal them. took me 3-4 weeks and much frustration to finally get them to release my coins.  i vowed to never use them again.   Looks like this is the new gox.   You can always tell the shady exchanges - they're the ones who like to dick you around or hold onto YOUR coins when you want to withdrawal them.   this could drive BTC down below 400.

what i dont get is how a professional exchange gets their cold storage hacked.  i mean isnt that the purpose of "cold storage" to begin with? Since cold storage is not connected to the internet specifically to safeguard the coins?   smells like another inside job to me.

[HarryKPeters]

I  got this mail today, so yeah I guess it's over:

A divorce, investigation from the sec and now the 'Hack'

Hi, Cryptsy ceases its activities in the wake of the theft of most of Bitcoins from the COLD storage.

You can start a refund procedure at the link:
https://cryptsy-refund.com/

Please accept our apologies.

Cryptsy

No mate, this is just made up.
So they got hacked + investigated + there's is his divorce.

Either they got hacked or they did something wrong and want to stop the investigation.

[wikenpp]

I  got this mail today, so yeah I guess it's over:

A divorce, investigation from the sec and now the 'Hack'

Hi, Cryptsy ceases its activities in the wake of the theft of most of Bitcoins from the COLD storage.

You can start a refund procedure at the link:
https://cryptsy-refund.com/

Please accept our apologies.

Cryptsy

No mate, this is just made up.
So they got hacked + investigated + there's is his divorce.

Either they got hacked or they did something wrong and want to stop the investigation.

I disagree. Why should they keep this up for so many months then pull the plug.
For me they got hacked and tried to survive but then failed.

[iCEBREAKER]

hacked + investigated +  divorce

That must be some kind of record for #R3KT.