Class action lawsuit filed against Cryptsy

Crime | December 10, 2015 By:

An anonymous user of Crypsy known as Thrillhou has filed a lawsuit against the company, for allegedly manipulating bitcoin accounts, user funds and illicit use of personal information including the Social Security Number (SSN) of users.

Over the past few months, Crypsy has received an increasing number of complaints from users on bitcoin forums including bitcointalk and bitcoin reddit.

The exchange told users that the accounts were locked due to security maintenance and checkups, while manipulating cryptocurrency accounts without notifying its users.

As the complaints on bitcoin forums and communities began to surface, BigVern, employee of Cryptsy announced on Twitter that BTC withdrawals have been stopped due to the blockchain malleability issues.

Cryptsy is a startup managed by Project Investors, Inc. focusing on the exchange of BitCoin and it’s derivatives.