Bitcoin Banker Cryptsy Gets Cracked: $5.7 Million Grabbed and Gone

Bitcoin Watch Shop

Bitcoin only can’t locate a break. While 2015 was a good year for a cryptocurrency’s altogether value, countless competing currencies and bitcoin revisions have emerged, all claiming they’re a answer to stream crypto problems. As remarkable by SecurityWeek, meanwhile, another high-profile bitcoin trade association — Cryptsy — might be shutting a doors after a reported $5.7 million loss. Does this vigilance a commencement of a finish for bitcoin boosters?

From Bad to Worse

According to Cryptsy, a supports — 13,000 bitcoins and 300,000 litecoins — were stolen in Jul 2014. The company’s CEO, Paul Vernon (aka Big Vern), pronounced a law-breaker was someone claiming to be a developer of Lucky7Coin, who pushed an refurbish to Cryptsy in May 2014. The

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