Tag: Paul Vernon

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. …
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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 …
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CEO of Cryptsy Claims Massive Bitcoin Heist Crippled his Exchange

A recent blog post by Paul Vernon, CEO Cryptsy, is alleging that the exchange suffered a massive hack in July of 2014. Vernon claims that the hacker was the developer of Lucky7Coin, an alternative digital currency that had an IRC Trojan embedded in the code of the wallet that resided on Cryptsy’s servers. “After a period of time of investigation it was found that the developer of Lucky7Coin had placed …
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Cryptsy Hit With Class Action Suit in Florida

A class action lawsuit has been filed against digital currency exchange Cryptsy. Paul Vernon, CEO of Cryptsy, has also been named in the suit. The complaint has been filed in the southern district of Florida by Wites & Kapetan P.A. and the Silver Law Group. The two law firms have filed on behalf of Jinyao Liu, and other plaintiffs, who allege that Cryptsy has been withholding their funds and has …
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