Read the last few pages of this thread:
https://bitcointalk.org/index.php?topic=1173703The impression I got is that Cryptsy emerged after years of small-time Intertubes scams - penny auctions, referral schemes, blog spamming etc - perpetrated by a group of misfits who then discovered Bitcoin and suddenly they became this massive financial institution or at least they would like you to believe so. Professionalism and general business acumen doesn't seem to come into play there.