Cryptsy’s Big Vern Allegedly Speaks to Press
According to the Miami New Times, Cryptsy founder Paul Vernon, otherwise known as “Big Vern,” has spoken to the publication while in hiding. The New Times ran a report on Cryptsy last week, and according to Vernon’s wife he dipped off to China with a girlfriend. Apparently, after this article was published, Vernon reached out to the news outlet willing....
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New reports have come in detailing a class action lawsuit that has been filed against Cryptsy. The cryptocurrency exchange has been under scrutiny for many weeks now, with multitudes of users complaining of withdrawal issues when trying to get their Bitcoin back. On November 22, the website allegedly suffered a severe denial of service (DDoS). Since the....
Coinbase faces a class action lawsuit against its involvement in the Cryptsy fiasco. Read more... Coinbase is courting one trouble after another. Following the latest issue with the IRS, the cryptocurrency company has another legal challenge to face. This time, it is a class action lawsuit by Silver Law Group and Wites & Kapetan regarding the platform’s alleged involvement in $8 Million theft by Cryptsy’s promoter Paul Vernon. The nationwide class action lawsuit against Coinbase has been filed in the United States District Court for the Southern District of Florida. According to....
John McAfee, a software developer, and entrepreneur was indicted with fraud, tax evasion, and money laundering conspiracy. According to the indictment filed by the US Attorney’s Office of the Southern District of New York, McAfee and other accomplices allegedly obtained over $10 million with illicit activities related to cryptocurrencies. McAfee was accused of using his […]
A federal court has appointed a receiver for Cryptsy, the cryptocurrency exchange that claims to have lost $5 million in funds to theft. In response to the lawsuit by Cryptsy clients seeking to recover their funds, the U.S. District Court Southern District of Florida appointed James D. Sallah, Esq. as the receiver and given him control of Cryptsy’s assets. The court has taken possession of Cryptsy’s assets, “of whatever kind and wherever situated.” All powers of the company’s agents, employees, officers and directors are suspended. The court assigned the receiver in response to a suit by....
The court-appointed receiver for Cryptsy, the defunct, Florida-based cryptocurrency exchange that claims to have lost more than $5 million in investors’ funds to theft, has filed a report that identifies some of the banks and exchanges the defendants used in operating the scheme that left hundreds of investors without access to their accounts. The receiver, James D. Sallah, an attorney for Miami, Fla.-based Payton & Associates LLC, filed the report in the U.S. District Court Southern District of Florida. The court appointed Sallah as receiver last month in response to an investor....