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Yeah, this is very suspect...declaring insolvency and preferring some customers (those with alts) over other customers (those with BTC). This is also quite illegal. Does he need a powershovel to dig himself a bigger hole with the authorities?
How is this illegal?
It is illegal for bankrupt/insolvent companies to prefer creditors of the same rank (ie in this case unsecured creditors) over other creditors of the same rank. Otherwise they could pay out friends, close business partners first and leave people who should have the same rights to reimbursement with nothing.
dude, we are not creditors as we just deposit our altcoins and not selling them to Cryptsy LTD, so we are sharesholders on each type of cryptocurrency, claiming that my shares need to be sold(on which price, probaly on 1 satoshi each first million and rest for free?) in order to cover your stolen type of shares is mass theft, and that is illegal! Cryptsy LTD was a private vault with just one lock box on same type of "shares"
You asswipe. 
So was he right?EDIT
FUCK YOUR BOUNTY.