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Author Topic: Cryptsy's orderbook bug causes significant btc losses  (Read 1008 times)
m3 (OP)
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November 23, 2014, 10:59:00 AM
 #1

http://www.btcfeed.net/news/cryptsys-orderbook-bug-causes-significant-btc-losses/

Pretty much there was this "phantom order" which enabled people to buy megacoins at a super cheap rate. The order was removed once prohashing pointed it out but cryptsy never repaid any of it's customers. Hope Mr. Vernon does the right thing.

Aswan
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November 23, 2014, 12:23:43 PM
 #2

Well, if you want to buy or sell for a specific price cryptsy allows you to place a limit order.
If you want just sell your coins or buy coins to or from the guy want to buy/sell at the best rate, then you have to take what you get.

You cannot make a non-limit order and complain you didn't get the price you wanted. Not cryptsys fault imo.
Hiraga
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November 23, 2014, 01:53:39 PM
 #3

Don't use autosell features and check your orders by yourself before submitting it. If you use limitorders then there's no way it would sell below or buy above that amount.
Jamie_Boulder
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November 23, 2014, 02:15:46 PM
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I'm surprised websites with heavy reliance upon scripting don't suffer these shortfalls more often tbh.

neurotypical
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November 23, 2014, 04:37:16 PM
 #5

I've stopped using cryptsy for ages now. I almost had a heart attack when my coins dissapeared for almost 2 damn days.
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