Class action lawsuit against Cryptsy.com

[shibewalk]

no suit will happen

I figured... I just wanted to rant cause I'm still pissed about it =p

you're right, totally understandable!

It is always hard though to succeed in court when it comes to trading mistakes. I had this very same problem in "conventional" markets with Futures & Options trading at PFGBest (=worst, in fact), and we also all know what happened to MF (Man Financial Group). So it is NOT a matter of that "bad-bad Bitcoin thing" but it happens in highly-regulated markets as well -- because government and authorities CANNOT and DO NOT EVEN WANT to protect you and me from losses like that (they're only interested in power games and war)...

So IMHO it will be very hard to successfully proceed with that.

[crazyearner]

Nothing will happen with this sort of thing unless many bring a lawsuit and a number of people fighting against them. Has happens many times in the past to try bring justice and nothing actually happened other than that person wasting time and money putting it together. Simple solution is to just stop using their site. I have stopped over a year ago due to many problems and got my funds out and am skeptical about the future of cryptsy. I might one day return to trading on it but their far better exchanges out their with smaller fees and much better security.

[tranzactionezlive]

I feel a good part of the people advising against legal action may be Cryptsy agents. I also feel that we must make a class action lawsuit comprised of all the people who have lost altcoins and do this without asking for any BTC or LTC, thus rendering them defenseless. Those who have lost only BTC and LTC should go about in a separate class lawsuit, unconcerning altcoins.

I also feel that for the missing altcoins penal action is required, considering that if any altcoins are missing they have been purposely stolen / embezzeled by the Cryptsy staff and owner.

[DrLove2048]

I like class action lawsuits, its easy money. Of course that's if your on the side that you recieve a random letter in the mail and you fill it out for $20

[BellaBitBit]

I feel a good part of the people advising against legal action may be Cryptsy agents. I also feel that we must make a class action lawsuit comprised of all the people who have lost altcoins and do this without asking for any BTC or LTC, thus rendering them defenseless. Those who have lost only BTC and LTC should go about in a separate class lawsuit, unconcerning altcoins.

I also feel that for the missing altcoins penal action is required, considering that if any altcoins are missing they have been purposely stolen / embezzeled by the Cryptsy staff and owner.

Not all advising against it are agents.  I think people think it will be very difficult to win this kind of lawsuit.  These kinds of things also bring the wrong kind of attention - legislators, rule makers - and also give BTC a bad name.

[crazyearner]

Feel sorry for the people with funds stuck in this looks like cryptsy going to be another MTGOX situation, filing for bankruptcy and playing the waiting game and having to give next to nothing back. Shame cryptsy has gone the way it has done could of been so much more.