Post
Topic
Board Service Discussion (Altcoins)
Re: YBC coin confiscated by Cryptsy
by
Crestington
on 01/02/2015, 10:44:49 UTC
Hey Crestington,

I cannot deposit or withdraw to or from the YBC wallet.
I can however trade YBC/BTC but as I said in my post the rate of exchange from YBC to BTC
at Cryptsy is 68% below the market average on other exchanges.

In other words, if I sell 100 YBC coin thru my seized wallet at Cryptsy as a panic, last resort
desperate act, I would only receive $32 in BTC, while on all other exchanges I would receive
$100 for the same amount.

This in essence forces me to lose most of my money if I were to just give up and sell.
Now remember this is not an industry wide drop in price, this is only happening at Cryptsy
where the YBC coin wallets have been frozen.

This Mullick person you mentioned is their main developer, I'm actually surprised you had a reply from him

You should see if you can find a link for them of the source code (Github) that you can give to Cryptsy. They would be holding withdrawals because the developers have not notified them of the update and provided the source code. A downloadable wallet would not suffice since they would build the daemon themselves and often do not have the time to sort though to find the latest code unless it's easily accessible for them.

My recommendation is to either ask the developers to get in contact with Cryptsy, find the repository yourself that you can provide a link for them, or sell (last resort).