WHY I DON'T TRUST CRYPTSY WITH MY MONEY

[TECSHARE]

Now for the third time Cryptsy has pulled IFC at the peak of trading.... This time it is just regular good old nonspecific unannounced maintenance. It is starting to become apparent cryptsy staff have an inside trading agenda and are using these constant errors as cover for manipulation with bugs and by taking coins on and off the market at opportune times. I tried to warn them how quickly its user base would turn on them but they didn't listen.

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[Boxman90]

Wasn't there a thread of somebody suing them? All their info are publically available. Fuck, I'd throw a considerable amount at that initiative to see these people burn.

They held 200USD worth of coins, which are in their wallets, and deposits are working on those same addresses now but the money hasn't shown up. In the meantime, they inside traded the shit down to the point that it's now worth only 100 USD.

It was a small amount to deposit there, but still, they are sketchy and I suspect them of frontrunning. Better sue their asses and make them burn.

[TECSHARE]

I have been getting repeated reports from users that Cryptsy is blaming the IFC network for their withdraw delays.

THIS IS FALSE AND A PURPOSEFUL LIE ON THE PART OF CRYPTSY TO DEFLECT RESPONSIBILITY FOR THEIR OWN SYSTEMS FAILURES.

Is this really what you are reduced to? Deceiving and blaming your user base for your own internal problems? This is grade school type behavior, not the actions of some one with whom you would trust your money. The IFC network is functioning fully with transactions flowing...

See for yourself:
http://exploretheblocks.com:2750/chain/Infinitecoin?count=500&hi=580496


CRYPTSY TAKE RESPONSIBILITY FOR YOUR FAILURES AND STOP BLAMING EVERYONE ELSE!

[smoothie]

I honestly think cryptsy bit off more than they can chew. They have too many pairs and opportunities for screw ups.

Picking a handful of trading pairs and doing very well like BTC-e would net them much more success.

Good luck to all their customers as I am a previous user refuses to use them anymore based purely on the number of public complaints I have seen.

[Atruk]

I honestly think cryptsy bit off more than they can chew. They have too many pairs and opportunities for screw ups.

Picking a handful of trading pairs and doing very well like BTC-e would net them much more success.

Good luck to all their customers as I am a previous user refuses to use them anymore based purely on the number of public complaints I have seen.

Honestly I can't point to a safe place for the altcoin trade to go. Mcxscam was sam, vircurex is scam, Cryptsy looks incredibly like scam, and BTC-E wavers along the lines of scam.

[TECSHARE]

I have 5 pending withdraws. One sent a confirmation email. The rest generated no email. Bit John blamed it on my host in a ticket. I checked nothing is wrong with my host. No reply or withdraws confirmed or not for 5 days. How long are we supposed to wait before we take group action?

[MegaKill]

Yesterday, i saw tons of open complaints about "withdrawal pending for hours and days" thread, especially for dogecoin, at cryptsy support. Today I go check, all threads are gone?? not a single one, Hmmm.... why? All resolved? Even if they are resolved, why they take down those complaints thread?

[TECSHARE]

BURNED BY CRYPTSY?

PUSH BACK
https://bitcointalk.org/index.php?topic=436149.0

[TECSHARE]

I tried to warn you...

[TECSHARE]

Who else is seeing this repeating pattern of the same errors over and over again with increasing frequency coupled with empty apologies and promises that it has been fixed. Is it just me or does this place seem to be on a severe downward slope? It seems far too often they are more concerned with their trade fees rather than the customer base.

I was warning you all in October 2013 (and before). Everyone get on the bandwagon, because after the fact is clearly the time to do it.

[bitlancr]

I think they have cancelled all withdrawals again. Right now i have to initiate them again. For good luck's sake I will do that.
But to answer your question, no I don't trust them anymore...

[Bitcoinbro]

I think they have cancelled all withdrawals again. Right now i have to initiate them again. For good luck's sake I will do that.
But to answer your question, no I don't trust them anymore...

It won't matter to start a new withdrawal.
In their email they stated there is a problem and they need 'our' help.
This gives me no trust whatsoever they will honor this new set of withdrawals..

[The Sceptical Chymist]

Yes, TECHSHARE you sounded the warning buzzer back in 2013 but I don't think they'd gotten themselves into the trouble that led them to the present mess yet.  But who knows what the truth is.  I opened an account with them earlier last year and everything seemed to go OK, but I wasn't making huge trades.  Just some DOGE-->BTC.  Thank blob I did not deposit a significant amount of anything there.  They're fuckers over there.

[TECSHARE]

Yes, TECHSHARE you sounded the warning buzzer back in 2013 but I don't think they'd gotten themselves into the trouble that led them to the present mess yet.  But who knows what the truth is.  I opened an account with them earlier last year and everything seemed to go OK, but I wasn't making huge trades.  Just some DOGE-->BTC.  Thank blob I did not deposit a significant amount of anything there.  They're fuckers over there.

You don't believe Vern's excuse do you? IMO they were engaged in various ponzis and other scams as well as being completely negligent running the exchange. Once the word got out they were failing there was a run and they got caught with their pants down and then manufactured this lame story to try to make their insider fraud look like an external hack. He is trying to accomplish what Mark Karpeles failed to do by filing bankruptcy at a market low and having the coins to sell later at peak prices, only being liable for the USD cash value at the time of filing. Karpeles must have got an offer he couldn't refuse and mysteriously all the "stolen" coins reappeared. We will see what kind of offers are presented to Paul Vernon. They were very much involved with the issues that lead them to this situation in 2013. Paul Vernon is a fugitive from justice most likely hiding in China. The funny part is he probably ripped off some Chinese customers too. Unfortunately for him they don't give slaps on the wrist in China for large scale financial frauds. Rest In Piss Vern.

[The Sceptical Chymist]

Yes, TECHSHARE you sounded the warning buzzer back in 2013 but I don't think they'd gotten themselves into the trouble that led them to the present mess yet.  But who knows what the truth is.  I opened an account with them earlier last year and everything seemed to go OK, but I wasn't making huge trades.  Just some DOGE-->BTC.  Thank blob I did not deposit a significant amount of anything there.  They're fuckers over there.

You don't believe Vern's excuse do you? IMO they were engaged in various ponzis and other scams as well as being completely negligent running the exchange. <snip>

No, of course not.  We've heard the "we got hacked" story before with Mt. Gox and even if they did get hacked, they apparently didn't do anything about it until just recently.  That's gross mismanagement.  I said they were fuckers over there, did I not?

I don't know anything about them running or participating in ponzis but it would not surprise me.  I thought they might have gotten caught taking one side of a number of trades and lost when the price dropped (or something like that).  I don't see how an exchange can lose money any other way unless something shady is going on.  And I definitely believe something shady was going on.

You obviously want to tell everyone "I told ya so", and I get it.  You did.  I'm not arguing with you here.  They were shady all along it appears.

[UnknownUsername]

The problem is cryptsy has no official thread in this forum besides only a few views the service discussion section.
So, the warning is not pretty much conveyed to the other users

[TECSHARE]

The problem is cryptsy has no official thread in this forum besides only a few views the service discussion section.
So, the warning is not pretty much conveyed to the other users

No there is an official Cryptsy thread, they closed it shortly after I made these threads drawing attention to their fraudulent activities as a result of all the complaints filling it. Warnings from users here later were not exactly in short supply either.

You obviously want to tell everyone "I told ya so", and I get it.  You did.

https://youtu.be/Jfq3c4Cf1Fs?t=215