Doesnt look legit imho
http://www.silverlaw.com/securities-lawyers/2014/10/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy/
Silver Law Group has filed two lawsuits, one against Texas-based Bitcoin Savings & Trust (operated by Trendon Shavers) and another against Florida-based Cryptsy (operated by Paul Vernon). According to the Complaints, investors have been victimized by deceptive and misleading tactics, such as claims of profits of 7% weekly interest or of a safe and reliable platform to trade cryptocurrencies free from excessive fees and commissions. While Mr. Shavers raised more than 700,000 Bitcoin in principal investments from investors, those Bitcoins have disappeared. Likewise, investors with Cryptsy, which CoinDesk has touted as the largest crypto-to-crypto exchange, have seen their accounts emptied and Bitcoin simply disappear. On behalf of its clients, Silver Law Group has pursued nearly $12 million in restitution from these online operators.
http://www.silverlaw.com/securities-lawyers/2014/10/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy/
Silver Law Group has filed two lawsuits, one against Texas-based Bitcoin Savings & Trust (operated by Trendon Shavers) and another against Florida-based Cryptsy (operated by Paul Vernon). According to the Complaints, investors have been victimized by deceptive and misleading tactics, such as claims of profits of 7% weekly interest or of a safe and reliable platform to trade cryptocurrencies free from excessive fees and commissions. While Mr. Shavers raised more than 700,000 Bitcoin in principal investments from investors, those Bitcoins have disappeared. Likewise, investors with Cryptsy, which CoinDesk has touted as the largest crypto-to-crypto exchange, have seen their accounts emptied and Bitcoin simply disappear. On behalf of its clients, Silver Law Group has pursued nearly $12 million in restitution from these online operators.
All this looks so bad. Is there any good exchange at all? If there will be exchanges scamming people one way or another every month, crypto will not move anywhere at all.
Thing is, cryptsy never scammed anyone.
That's plainly false. I have seen (and experienced) a few cases where cryptsy:
Misses a wallet update -> sends out altcoins on the wrong fork -> never reimburses the users. Read through some old PHS and IFC threads if you're interested- although I can tell you're pretty much a shill for cryptsy and you won't care to look into their faults.
I've had PHS stuck in their glitchy system for over six months, with support ignoring me or shuffling me between "support tiers". It's the worst experience I've had with anything financial online- and I play money games! I chalk these up to a loss, aka scammed by cryspty. I imagine they've done this to hundreds of individuals; "lose" a bit of their coins and keep it forever trapped with shitty support.
I only hope their incompetence catches up with them
)You call me a shill, I call you a fudrucker, and the cycle of crypto accusations continues! If you think you have a case why dont you contact a lawyer?
First off, a fudrucker? Feels like you're trying to devalue what I've said with an inaccurate label! This is personal observation and experience through a reasonable scope. My accusation had validity due to your hugely generalized, naive and trusting assumption ("never scammed anyone"). How could you even begin to make that assumption, are you aware of all deposits, withdrawals, and tickets that go through cryptsy?
Second- it's under 50 bucks, not worth my time to chase outside of occasionally reminding the support of their incompetence. Luckily I learned this lesson before investing a few thousand into various crypto though!
Here's the old PHS thread on a page with a few people talking about their coins in limbo btw: https://bitcointalk.org/index.php?topic=292720.1300