Jared,
A few thoughts around this:
1.Did we all believe that the exchanges without the proper compliance would survive in the long run?
2.I have heard Cryptsy owners/management have released many coins that they had significant interest and they use the exchange as a dumping ground. A lot of is just not ethical.
3.This is actually the perfect timing for someone with accountability, integrity and controls to come up with an exchange that is managed and for the benefit of the customers. Margins are thin on exchanges, but trust is something that has been hurt quite a bit with these exchanges going down. Now is the time to build and restore that.
4.You need to find a mixture of an offshore exchange with transparency. A lot of the Asian exchanges have no phone numbers, their contact info is private in the WHOIS and it is a blackhole with major risk.
5.With the Cryptsy news, I have to believe that CEX.IO is the main exchange to use from a transparency and security perspective. It would be good for them to update their wallet. I have done this and not heard much back.
Any thoughts?
YC
Make sure to transfer all your DigiBytes out of Cryptsy to protect from losses in case this goes south for them. It is never a good idea to leave your DigiBytes or Bitcoin on any exchanged for too long. We have all seen too many exchanges fail.
It seems Cryptsy's practice of putting up a new pump & dump coin every week is now catching up with them. They are partially to blame for the eruption of new scam clones every week.
Unfortunately the timing of this cannot be any worse. Combined with the Mintpal fiasco the alt coin market as taken a huge blow. There is definitely a vacuum right now for a trusted alt coin exchange. We are working hard to fill this void, we have an exchange in alpha, but there is still much work to be done. We are not going to release a platform that is not very solid & secure. We also want to get the exchange insured, but this process is not easy.
Has anyone still not been able to withdraw their coins from Mintpal?