Bitcoin Trading Platform Cryptsy Locks User's 175+ Bitcoins
Recently a Bitcoiner who goes on Reddit by the name alkinsonf began posting a series of complaints against the popular exchange Cryptsy. The user declared that after a brief time of uninterrupted trading, his account was locked with over 175 Bitcoin in it. The user sent several requests for support, as you can imagine, and was not immediately helped. Finally, it was revealed that he would need to verify his identity. Living in Ukraine, the user has had some degree of difficulty doing this since things are in disarray with the civil war that's going on there. For its part, Cryptsy had no....
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A user on Reddit just explained that he was able to withdraw 60 Bitcoins from Cryptsy even though his balance was 0. His current balance is now -60. This guy must be one of the most honest Bitcoin users out there, letting Cryptsy know about the failure and even sending the Bitcoins back. As he says, it is someone elses Bitcoins. Creds for this guy. He writes: I have sent back the 60 BTC I was mistakenly able to withdraw from Cryptsy. If this affected you too, please do the same. Don't take someone else's bitcoin. Xmas is coming up : ). We advice all of our readers to withdraw their OWN....
Price swings are a major hindrance on the average bitcoin user. It's easy to fall asleep at night thinking the price will remain steady, only to wake up and realize that your bitcoins dropped $20 in value overnight. It's one of the major reasons people decide to stay away from day trading bitcoins. The market it unpredictable on a level many traders have never seen before due to the unregulated ecosystem. Also read: Mycelium Local Trader App Is Out Of Beta: The Most Decentralized Exchange You Can Use Today. Panama-based company Coinapult created a service called Locks to combat constant....
The popular cryptocurrency trading site Cryptsy.com has been having some noticeable issues these past few hours. Users of Cryptsy have been reporting negative balances, frozen transfers, suspended withdrawals. Speculation is that a recent update is causing the issues. Cryptsy is aware of the issues, but no official statement has been released yet. Who's been hit? I spoke to BlackDogeOfWallSt, one of the developers of BlackCoinPool.com (BCP), which has probably been the hardest-hit community from Cryptsy's problems. BCP has had to delay their payments due to the problems. BCP's payouts have....
A reader wrote to CCN letting us know that he has had severe withdrawal problems with Cryptsy, the exchange which recently went offline, supposedly as a result of distributed denial of service attacks. The user said that the stalled withdrawal process began on November 29th, as confirmed in the screenshot below. He was trying to withdraw 0.2 bitcoins and nearly 240,000 reddcoins. CCN is cautious about publishing these stories, in that we're aware of a policy Cryptsy has in place that unverified user accounts can only withdraw a very small amount of currency per day. However, this user....
A random user on Reddit recently accused cryptocurrency trading platform Cryptsy of stealing his funds. "I made an account on cryptsy last year after getting some Dogecoin and traded it for BTC," CRYPTONUMISMATIST narrated. "It wasn't a huge amount of money and I had created a unique login/password and kept the credentials offline so I wasn't too concerned. I log in today, over a year later, because I wanted to withdraw the BTC, and all my coin balances are 0." However, the Cryptsy staff ensured the accuser that his funds were safe and in fact were moved to a secure cold storage due to an....