Post
Topic
Board Scam Accusations
Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action
by
JollyGood
on 08/07/2017, 20:23:15 UTC
The keyword is cold storage. Cold storage as in the server where the majority of the bitcoins were store WASN'T connected to the Internet, yet Mr. Genius Hacker had no problem whatsoever accessing the offline server, stealing the coins, and putting the server back offline.

After the hack was uncovered, Paul Vernon was contacted, whereupon he didn't even take time to change the underwear he wore the day before and headed down to the office, immediately contacting Mallick to see if he had any insight of the hack. It wasn't Mallick, so the next course of action was ...

Paul: Mallick, don't tell anybody about what happened.
Mallick: How are gonna cover the loses?
Paul: Business is good, so we'll simply take it out of future profits.
Mullick: DUDE, when the smoke clears, you'll gonna be looked upon as a God.
Paul: Buddha, but close enough.
Mullick: May the path to liberation be with us.
Paul: Heard that! Hold the fort down while I return home to change my underwear. Remember, mums the word.
Mullick: Got it! Hey, BitJohn, you ain't gonna believe what happened. Don't tell anybody unless it's Horus or Logan. A few hours ago ...

Yes I understand your perspective but this does not prove collusion on part of Mallick, Horus_Cryptsy, BitJohn or Logan (or anyone else).

The problem here is COLD STORAGE as stated by Horus_Cryptsy. How the hell can someone hack cold storage bitcoins if not connected to the internet and furthermore, maybe these cold storage wallets were nothing more than desktop wallets or paper offline ones too.

Surely the Pauldemort never kept ALL the different types of coins on ONE server or PC. What is truth here??

Paul, Paul, come out wherever you are !