FYI: Response from Cryptsy
Response regarding lawsuit
There was quite a bit of PR pushed out yesterday from a law firm that stated that they were filing a lawsuit against Cryptsy and myself. The complaint alleges that Crytpsy misled users and was negligent in security. They represent a single user. We have reviewed the unofficial complaint and believe that it is without merit. We intend to defend the case vigorously.
We would like to note that we have not received any documentation or official notification concerning any lawsuit yet. We also find it unprofessional that the law firm decided to push out such a large PR campaign prior to serving any notice.
As Im sure many of you are aware, we take security very seriously. We pride ourselves on being one of the most secure places to trade on the internet. However, in this case, the attack on the user making the claim came from within their own computer. While we try to educate our users on how to secure their local environment, we ultimately have no control of a users computer system.
So as a reminder Id like to reiterate a few security tips:
- Do not leave your computer logged into your Cryptsy account when you are away from your computer
- Do not install browser extensions from unknown developers
- Do not install mining software from unknown developers on the same computer you use to access Cryptsy
- Run a virus scan regularly.
- Make sure you use 2fa on your Cryptsy account
Paul Vernon "BigVern"
Cryptsy.com
Thank you for sharing!
I´m cool, Big vern is in the green zone

We have conducted our own research into this matter, including reading the actual suit:
http://www.silverlaw.com/files/BitcoinComplaint.pdfIt does appear this lawsuit doesn't have much ground to stand on. Cryptsy is a very easy target, because there is an easy avenue for consumer recourse ( State of Florida, FinCEN). We hope this turns out well for them as this would be a huge blow to everyone in the alt market if they were to shutdown. As always, it is a good idea to only move coins to an exchange when you are ready to trade.