Cryptsy Stops All Withdrawals and Trading, Claims to be Under Cyberattack

Cryptsy is down again today, stopping all withdrawals and trading due to 'an attack' that it is currently investigating. What might give clients some hope that the situation isn't terminal this time is that Paul Vernon, who founded Cryptsy, finally broke his silence and released a tweet a few hours ago.

A sign of life comes after rumors started spreading among users that Vernon has fled to China or otherwise disappeared:

A new Phishing Phishing Phishing is a form of cyber-attack in which fake websites, emails, and text messages are used to elicit personal data. The most common targets in this assault are passwords, private cryptocurrency keys, and credit card details.Phishers disguise themselves as reputable businesses and other types of entities. In certain instances, reputable government organizations or authorities are impersonated in order to collect this data.Because phishing relies on psychological manipulation rather than techno Phishing is a form of cyber-attack in which fake websites, emails, and text messages are used to elicit personal data. The most common targets in this assault are passwords, private cryptocurrency keys, and credit card details.Phishers disguise themselves as reputable businesses and other types of entities. In certain instances, reputable government organizations or authorities are impersonated in order to collect this data.Because phishing relies on psychological manipulation rather than techno Read this Term attempt is out. It is not from cryptsy. Do not acknowledge it

— BigVern (@cryptsy) ינואר 13, 2016

Last week the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term cited lag as the reason for its issues: “Trade engine and withdrawals paused while we investigate cause of lag." This was after months of clients reporting withdrawal issues in various forums.

Before the cyber attack claims from cryptsy we asked Erik Voorhees, the CEO of ShapeShift.io, for his take on the situation. "We’ve ceased working with Cryptsy (who had been a partner of ours) as of mid December. We’ve been unable to withdraw our balances of coins. I have no idea what is going on there, they have been abysmal about communication with their customers."

Asked if had any recent content with Vernon or knowledge of his alleged departure from the firm, Voorhees answered: "It’s pretty hard to “be in contact” with any of them, that’s a lot of the problem, they just don’t communicate or answer with any regularity. I have no idea who is at that company, or if anyone left in December."