Cryptsy Saga of Possible Slow Motion Exit Scam Continues: Now Claiming They Have Server Failure & DDoS

Website offline due to denial of service attack. We are working to mitigate.

— BigVern (@cryptsy) November 25, 2015

This is following a really bad pattern. 

For background see last post alerting to Cryptsy potentially being a scam.

Here's the rundown of what's going on with them now:

​The TL;DR is:

• that they have had many database problems where people have been able to pull money out that they did not have. 

• They blamed KYC/AML for withdrawal delays

New verification tier system is in place. Due to increased regulatory scrutiny. Click upgrade to view new tiers and KYC requirement for each

— BigVern (@cryptsy) October 21, 2015

• They have taken trading fees off while putting a withdrawal fee.

Did you know you can sponsor favorite coin without logging into Cryptsy? https://t.co/Lv5VaPzccg | Login to Cryptsy today and enjoy 0% Fees!

— BigVern (@cryptsy) October 3, 2015

• They have claimed transaction malleability is to blame for withdrawal delays.

BTC withdraws are currently experiencing issues due to the block chain malleability issue. Read more here http://t.co/ShuBJ7C5Ur

— BigVern (@cryptsy) October 6, 2015

• They have introduced strange incentives to attract deposits

Cryptsy Points program back online adjusted for new fee system. Earn points based on any deposit, and the deposits of your referrals.

— BigVern (@cryptsy) October 19, 2015

• They days ago blamed a server failure for Wallets being "paused":

Due to a server failure all wallets are paused. Will have them back online as quickly as possible

— BigVern (@cryptsy) November 22, 2015

• And finally, now they are blaming DDoS attacks for further service interruptions.

The CEO of Cryptsy, "BigVern" is on Twitter making all these announcements. It's sad to see this happen, but it looks like a slow motion GOX really.

​Good luck to anyone with a balance on Cryptsy, all signs are pointing to it being a disaster. ​​