25 Apr '16, 7am

Frozen #bitcoin Exchange Cryptsy Goes Down Without Notice Finance Magnates #Cryptsy

Frozen #bitcoin Exchange Cryptsy Goes Down Without Notice Finance Magnates #Cryptsy

Despite all the promises of recovering funds and opening more wallets for withdrawals, it now seems that Cryptsy might be gone for good along with the funds that clients were holding there. If you have been following the news this should not be too surprising after earlier this month a US court ordered an asset freeze against the Florida-based cryptocurrency exchange . In keeping with its track record of low transparency, Cryptsy did not provide any warning before taking the site down or leave a notice on the site explaining the situation. The last tweet that the firm put out was from two weeks ago acknowledging that its internet and wallet server physical location has been given to its receivership representative along with information on Bittrex held funds. Background At the beginning of the year Cryptsy was hit with a class action lawsuit by account holders that had bee...

Full article: http://www.financemagnates.com/cryptocurrency/exchange/fr...

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