Cryptsy CEO: Bitcoin Theft Kept Hidden to Avoid ‘Panic’

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The destiny of digital banking sell Cryptsy stays in doubt following news final week that withdrawals and trade would be put on reason indefinitely and claims from a association it was hacked in 2014.

Cryptsy initial announced it was insolvent on 15th Jan after months of withdrawal problems, a conditions it, until recently, blamed on technical issues. The penury avowal followed on a heels of a class movement lawsuit filed in sovereign justice by Florida law firms on interest of customers.

Since then, a sell has non-stop adult some of a wallets, permitting patron withdrawals in choice cryptocurrencies. Market trade and deposits sojourn offline during press time, according to an proclamation on a site’s categorical page.

Yet, final week’s avowal raises questions as to because sell business weren’t told about a loyal inlet of a problems during a exchange.

A Freedom of Information Act (FOIA) ask submitted to a Federal Trade Commission by CoinDesk points to reported withdrawal problems dating behind to early 2014. Some critics have suggested that sell itself might be behind a thefts.

In new comments, CEO Paul Vernon reiterated a exchange’s progressing matter that it kept a information dark to prevent


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