Crytpsy Finally Tells The Truth for the Ongoing Issues

15 Jan


It seems that the source of all the trouble people had with Cryptsy in the last months were caused by a hack of the crypto currency exchange that has happened over 1 year ago in which there were about 13000 BTC and 300000 LTC stolen. The big question is why Cryptsy is coming clean to its users just now and all this time they were trying to basically lie them about the various issues with coin withdraws at the exchange. It seems that they tried to cover up things expecting to recover the lost coins, but they were not able to and as a result they only prolonged the inevitable. It could be also this announcement that has resulted in the decline of the Bitcoin price we are now seeing on US and EU exchanges, while at Asian exchanges the price of BTC is still higher.

To read the full explanation of the real issues by the Cryptsy staff on their blog…

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4 Responses to Crytpsy Finally Tells The Truth for the Ongoing Issues


January 16th, 2016 at 07:03

Issues have been going on for years with these scumbags. For example, how much did they make on Paycoin trading, that “prime controller”, etc.? My guess is this is complete bullshit. Bring in the authorities, the law and the truth.


January 16th, 2016 at 13:57

Pheew, good thing I already withdrew all my big bitcoins last year in June and changed my mining address to a different exchange site. I don’t bother with cryptsy that much anymore. I have a few satoshis on cryptsy left which I use for mini-trading with altcoins and just for fun purposes. If that gets lost I don’t care.

I recommend to everyone who still has big amounts on cryptsy left to withdraw ASAP and hope that it works before some serious hacking happens and cryptsy tell you a year afterwards when it’s too late!

This is bad customer service indeed.


January 17th, 2016 at 02:06

This is why PoS coins are insecure. An exchange gets hacked, and the hacker now controls the blockchain. Look what happened to Vericoin when Mintpal was hacked, they had to do an unplanned emergency hardfork which reversed transactions.
This is just another reminder of why you should keep very little invested in PoS coins.


January 19th, 2016 at 03:36

I’m left wondering which Exchange or Cloud Mining endeavor is next? They all seem to be hapless victims, LOL. Gox, GAW, Hashie, AMhash, and the hits keep coming. Which Ponzi will hatch the next manufactured crisis to obfuscate the truth and/or unsavory activity?

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