Since trading fees went to 0 there never came another payout from Paul's shares either.
I didn't use cryptsy, but what sense does it make to drop trading fees to 0% when you're trying to make good on insolvency? I would have thought that collecting trading fees would be your best hope of making up the shortfall.
it was desperation. paul claims lots of withdrawals occurred after coinfire articles so this could be true. Paul couldn't afford to pay out the withdrawals so had to create a method to scare people into not withdrawing while hiding it under the whole but now you can trade for free... It did reduce their income but it was Paul trying to prevent the insolvency being exposed earlier.
Paybans were an immature stupid way to have people ban and get more money to cryptsy. I think they were hoping people would 1 day ban others for bigger fees.
I suspect too that cryptsy had big reserves of doge and the like they wanted to direct people to trade to so they could recoup the btc while under the whole 0 trade fees.
Problem was his ploy didn't work and when people kept withdrawing the reserve got too low so they played the technical issues.
Pauls wife knew how much shit she was in so she just bailed... I guess love only goes so far.
Has anyone actually calculated the amount cryptsy lost? not in $$$$ USD or bitcoin I mean a %%%% of cryptsy's entire holdings? I suspect it would of been around 70%