Cryptsy Founder Paul Vernon May Have Absconded to China

Cryptsy Founder Paul Vernon May Have Absconded to China

The founder and CEO of now defunct Cryptsy appears to have moved out of the United States to China. There have been few interesting developments in the class action lawsuit filed against Cryptsy by its customers. Paul Vernon, the founder of the now-defunct Bitcoin exchange, is reported to have gone missing amidst an ongoing enquiry. There are indications that he may have moved to China to escape the possible legal repercussions for allegedly mismanaging customers funds, and committing fraud. Bitcoin and scams sometimes go well together. We are well aware that it is not the digital currency....


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