Cryptsy does have withdrawal issues but I still think they are solvent. Part of the stack is in LTC playing for the rise. LTC moves are much higher than BTC moves percentage wise. When LTC hits 5 bucks again I'll flip back.
There is 0% chance that Cryptsy is solvent for at least for FLO right now.
Reference the picture a few post above.
Cryptsy has at least 40-50 employees (do the math)...
They just opened a Canadian branch, which means it must actually be in Canada...
Which means all US crypto exchanges are on the road to becoming a US broker-dealers...
Since US broker-dealers are forbidden to open foreign accounts.
This is a massive 6 to 7 figure investment which is a roll of the dice...
If they are bought out every employee will have to complete 2-4 FINRA courses and admin costs mount...
It's easier for large Clearing Firms to just turn on Top 20 crypto trading to 5,000 US broker-dealers...
So today's mid-size crypto exchanges are fighting an uphill battle against Wall Street.