So Cryptsy's CEO predicted this would happen.

[BTCBinary]

Cmon...
A lot of people was predicting this since Cryptsy open it's doors.
Now, I wonder where Big Vern is spending our coins...

[coinplus]

According to a Florida divorce court, anyhow. What I'd like to know is how he thought Cryptsy members wouldn't be ticked... http://www.coindesk.com/court-cryptsy-ceo-predicted-exchange-failure/

Yikes - Cryptsy funds diverted to purchase 1.4million property in Florida.  So what happens next?  Is there a class action lawsuit with Cryptsy members?

He also claimed that it would dissolve due to "economic conditions" - I am not understanding what he is talking about, isn't this just poor bookkeeping?

This was to happen. Weeks before disclosing that the digital currency exchange Cryptsy was insolvent, CEO Paul Vernon told a Florida divorce court in a financial affidavit that he expected the operator of the exchange to fail.

[Za1n]

I have given up hope on any return of significant value from what was left in my Cryptsy account, but it would be nice to see a few former Cryptsy executives and employees wearing bright orange jumpsuits for the next 20-30 years.

[Gleb Gamow]

I have given up hope on any return of significant value from what was left in my Cryptsy account, but it would be nice to see a few former Cryptsy executives and employees wearing bright orange jumpsuits for the next 20-30 years.

Will the jumpsuits be the same shade of bright orange that Sonny Vleisides of BFL won't be wearing or is there a for-real bright orange that I'm not versed in?

[ShrykeZ]

According to a Florida divorce court, anyhow. What I'd like to know is how he thought Cryptsy members wouldn't be ticked... http://www.coindesk.com/court-cryptsy-ceo-predicted-exchange-failure/

Yikes - Cryptsy funds diverted to purchase 1.4million property in Florida.  So what happens next?  Is there a class action lawsuit with Cryptsy members?

He also claimed that it would dissolve due to "economic conditions" - I am not understanding what he is talking about, isn't this just poor bookkeeping?

What happens next is the lawsuit against Cryptsy has been updated to include the estranged wife of Paul Vernon. IMO this is good for Cryptsy customers, really bad for the wife.

Its stated in the divorce filings that the majority of marital assets were held in crypto currencies, which are essentially out of control of the divorce court because Vernon has fled to China. But because the wife was also a beneficiary of the 1.4 million dollar home purchased with customer funds, they believe she's liable. It means the lawsuit might be able to recoup some additional money, but I wouldn't hold my breath.

It sure seems to me that Paul Vernon had been planning this for some time. Scumbag.

He'll only get what is coming to him, may take awhile but he'll be ruined.

[onlinedragon]

Wow that is an incredible outcome what I read all here. His personal life isn't that great anymore after he got greedy and can't control his expenses.

[monsanto]

What a selfish move by nettles and vernon. They used cryptsy's customers funds for their personal expenses. Vernon knew it was going to fail at some point but again didn't do anything to improve the situation. And now, after being too late to act upon the failure, they don't seem to give back people money  (wow, there's no words that describes them). KARMA will happen.

Speaking of KARMA, I want my karmacoins back! not to mention my thousands of sexcoins they stole (worth a couple bucks  )

[aardvark15]

Yes they have some bitcoins of mine too.  More than a couple of bucks.  I doubt I will ever see it again.

[Za1n]

I have given up hope on any return of significant value from what was left in my Cryptsy account, but it would be nice to see a few former Cryptsy executives and employees wearing bright orange jumpsuits for the next 20-30 years.

Will the jumpsuits be the same shade of bright orange that Sonny Vleisides of BFL won't be wearing or is there a for-real bright orange that I'm not versed in?

Don't be such a pessimist, a guy needs to have some kind of hope there is still a smidgen of justice left in the world.

[Gleb Gamow]

What a selfish move by nettles and vernon. They used cryptsy's customers funds for their personal expenses. Vernon knew it was going to fail at some point but again didn't do anything to improve the situation. And now, after being too late to act upon the failure, they don't seem to give back people money  (wow, there's no words that describes them). KARMA will happen.

Speaking of KARMA, I want my karmacoins back! not to mention my thousands of sexcoins they stole (worth a couple bucks  )

"I need to recuse myself from being present in this case because I, too, lost SexCoins on Cryptsy. I was one of the top ten holders of the coin but never spent any because I was unsure who exactly would accept them except for a Secret Service Agent, but I think we all know what happened with him."

[Chronikka]

He'll only get what is coming to him, may take awhile but he'll be ruined.

I hope so, but unfortunately as long as he stays in China I'm not sure anything will happen to him. BTW I'm dropping a link to the Cryptsy Scam thread because a lot of this is being discussed there:

https://bitcointalk.org/index.php?topic=1173703.0