Cryptsy Threatens Bankruptcy, Claims Millions Lost in Bitcoin Heist

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UPDATE (15th Jan 08:26 BST): This essay has been updated with additional information.


bankruptcyEmbattled digital banking sell Cryptsy is now claiming that it is insolvent.

The sell alleges in a newly released blog post that it was a aim of a penetrate in Jul 2014, an occurrence that it pronounced cost it approximately 13,000 BTC ($7.5m during afterwards prices) and approximately 300,000 LTC (then $2.08m).

Unless a supports are recovered or a patron is means to cover a losses, a post continued, a site will be close down and failure declared.

The confirmation of penury and a penetrate claims come after months of patron withdrawal delays, comparisons to a now-defunct Japanese bitcoin sell Mt Gox, and a filing of a category movement lawsuit opposite a exchange.

Cryptsy pronounced that it has superb liabilities of approximately 10,000 BTC, or roughly $4.15m during press time. Withdrawals and trading are offline during press time, and a site’s chatroom has been deactivated.

Cryptsy pronounced that did not divulge these waste during a time and continued to make payouts with supports subsequent from new income.

The post reads:

“This of march was a vicious eventuality for Cryptsy, however during a time a website was earning some-more than


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