Tag: cryptsy

Coinbase Avoids Cryptsy Lawsuit Going to Trial by Paying Just Under $1 Million in Damages

The Cryptsy exchange used to be one of the biggest trading platforms in the world. When it eventually met its demise – and took customers’ money – a lawsuit was filed. The victims of this defunct exchange wanted to get their money back, which is only normal. The end of the Cryptsy Saga, for now In most cases, there is little to no recourse when an exchange suddenly goes dark. …
[Read More]

Mysterious Coin Movement From Cryptsy to Bittrex

A user by the name thunderbolt from bitcointalk was able to identify a 15000 UNO (roughly 90 BTC) transaction moving coins from a now defunct Cryptsy wallet to a Bittrex wallet. While James Sallah is the court appointed receiver for the Cryptsy funds, it looks like someone else also has access to the funds and attempted to cash out some altcoins. Cryptsy was one of the top altcoin exchanges before a supposed …
[Read More]

Florida Judge Freezes Cryptsy Assets and Appoints Receiver

In January of 2016, several users filed a class action suit against Cryptsy in Florida, in attempt to recover any remains of their deposits after the embattled exchange abruptly closed its doors. Today, Kenneth Marra, a Florida District Judge, has put a freeze on what remains of assets belonging to defunct digital currency exchange Cryptsy. According to court documents, James D. Sallah has been appointed as Receiver in the case. …
[Read More]

Paul Vernon signs a contract to recover stolen coins for a 13% fee

It first started on twitter when a user by the handle @cryptcracker1 sent a few messages to Paul Vernon – the CEO of the now defunct altcoin exchange Cryptsy. The user claimed that he knew who stole and coins and would be able to recover them for a 13% fee. At first the user suggested a 30% fee, but it looks like Mr. Vernon was able to negotiate it down …
[Read More]