The problem is that Cryptsy pretty much lost the trust of its customers, and regaining that trust would be a long and hard procedure. Bter survived this way, but it lost most of it's customer base and it's still vegetate on the sideline. I think Cryptsy still salvageable as there are a lot of interest in its survival, but they would need someone to take over.
Actually the way they held back important information and mislead customers used to worth a couple years in jail or at least a rather big fine in most legislations, so I'm not sure if Big Vern will be in the position to carry on with managing Cryptsy.