Three university scholars – two from the University of Florida and one from Princeton – have concluded what many veteran cryptocurrency enthusiasts have long known and loudly preached: pump-and-dump schemes are bad. In a new paper currently in progress…
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The post Paycoin’s Josh Garza Continues to Delay SEC Trial appeared first on CryptoCoinsNews.
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The post Plaintiffs Reach Settlement With One Cryptsy Defendant appeared first on CryptoCoinsNews.
The court-appointed receiver for Cryptsy, the defunct, Florida-based cryptocurrency exchange that claims to have lost more than $5 million in investors’ funds to theft, has filed a report that identifies some of the banks and exchanges the defendants used in operating the scheme that left hundreds of investors without access to their accounts. The receiver, […]
The post Investigation into Bitcoin Exchange Cryptsy Issues Subpoenas, CEO Remains Missing appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
A federal court has appointed a receiver for Cryptsy, the cryptocurrency exchange that claims to have lost $5 million in funds to theft. In response to the lawsuit by Cryptsy clients seeking to recover their funds, the U.S. District Court Southern District of Florida appointed James D. Sallah, Esq. as the receiver and given him […]
The post Cryptsy Update: Court Freezes Bitcoin Exchange’s Assets, Appoints Receiver appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Following a claim that 13,000 bitcoins & 300,000 litecoins were stolen by a hacker, a class action lawsuit and its subsequent insolvency, Cryptsy has now revealed a “reward contract” with ‘Cryptcracker’ to retrieve the stolen coins in exchange for a ‘base’ reward of 1750 BTC, approx. $725,000. In a bizarre twist to an already contentious […]
The post Cryptsy Reveals Stolen Bitcoin Recovery Reward ‘Contract’ appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
In what has been one strange and cryptic piece of news after another about the troubles that Cryptsy and its founder have been surrounded by, an update of the class action lawsuit against them has been released and it expands the subjects of whom is liable for the lost assets over the past year and […]
The post Cryptsy Lawsuit Update – Vernon’s Ex-Wife Potentially Involved With Lost Funds appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
As the situation surrounding Crypsy continues to unfold, we saw the company post a blog entry stating that the majority of the funds within the company were stolen over a year ago and that that company has been insolvent for quite some time for a variety of reasons, one mainly being the theft of 13,000 […]
The post Lawsuit Against Cryptsy To Proceed As Planned Despite Theft Claim appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Following months of uncertainty & customer withdrawal difficulties, Cryptsy has revealed that it can no longer go on, in its current state. The digital currency exchange claimed in a blog post today that it was the target of a bitcoin wallet theft on July 29, 2014. The ‘critical event’, as Cryptsy deemed it, has the […]
The post Cryptsy: Trades & Withdrawals Suspended Indefinitely, Claims Bitcoin Theft appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Adding to publicity issues experienced by the digital currency exchange Crypsy, Silver Law Group along with Wites & Kapetan, P.A. have filed a nationwide class action lawsuit in federal court against and it’s principal, Paul “Big Vern” Vernon. Over the past several months Cryptsy account holders have claimed that they’ve been denied access to their […]
The post Class Action Lawsuit Filed Against Cryptsy appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
For the several days now, there have been rumors circulating the internet about Cryptsy. Speculation runs rampant and other news sites are reporting different theories. In this report, I will list the facts as I know them from sources inside the exchange. I do have a personal opinion on this but a news site is […]
The post Cryptsy Employee: “Our site is [messed] up at the moment” appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
This writer has received more complaints about Cryptsy since his last story on the subject than he has billing notices. Seriously. Some of them were messages of support, some were further complaints. Most of them had a common theme: Cryptsy won’t let the customer withdraw his or her funds. Within the last 24 hours, Cryptsy […]
The post Cryptsy: Mt. Gox Junior? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
A reader wrote to CCN letting us know that he has had severe withdrawal problems with Cryptsy, the exchange which recently went offline, supposedly as a result of distributed denial of service attacks. The user said that the stalled withdrawal process began on November 29th, as confirmed in the screenshot below. He was trying to withdraw 0.2 bitcoins and nearly 240,000 reddcoins. CCN is cautious about publishing these stories, in that we’re aware of a policy Cryptsy has in place that unverified user accounts can only withdraw a very small amount of currency per day. However, this user indicated that […]
The post Cryptsy’s Bitcoin Withdrawal Troubles Continue appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
For nearly twelve hours, Cryptsy.com, an elder “alt coin” exchange which has been the subject of semi-regular community outrage for various reasons, has been inaccessible. According to one of the exchange’s proprietors, Paul Vernon, the site has suffered a DDoS attack not unlike the one CCN has been experiencing as of late. The difference is that CCN has managed to come back online in a matter of a couple hours, not half a day. More importantly, CCN isn’t holding onto anyone’s money. Cryptsy has recently had other serious issues as regards its wallet servers, which it is claiming will […]
The post PSA: Cryptsy Down, Claiming DDoS appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
“The poor and the needy are selfish and greedy.” -The Smiths Oh Cryptsy, you’ve done it again. This time it’s not losing customer deposits for months, robbing them of proper exchange rates, hiding customer deposits without telling them, or locking up large sums of money. No one has (yet) sued you over this one. No, […]
The post Cryptsy Needs to Get Away From Paycoin – Now appeared first on CryptoCoinsNews.