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    Author Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action  (Read 1007472 times)
    Gleb Gamow
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    December 13, 2015, 07:59:57 PM
     #2101

    https://www.reddit.com/r/Bitcoin/comments/1rhcgn/i_lost_most_of_my_bitcoins_today_heres_why/

    Quote
    So about a week ago, I stumbled upon http://www.mcxnow.com/. It looked pretty cool: the owner was active in the chat(troll box), the layout looked nice, and the exchange had a cool system where the owner got 50% of the fees, 25% were given back to the users, and the other 25% were represented by "mcxFEE" shares which anyone could buy. I was interested, and the fee's were at a pretty low price, so I bought a couple at .18 btc each. I started talking to the owner and sending some suggestions for the exchange, and everything was looking pretty good. Then today I got on and saw that the shares were up to .25 btc. I was getting ready to sell my shares and send the bitcoins to my btc-e account so I could buy myself a laptop, when the website shuts down. It shows an "MCXNOW IS DOWN FOR MAINTENANCE" page and I think "Huh, well that sucks...". Two hours later, same thing. I do some googling and Bitcointalk searching, and figure out that the owner of mcxnow, Realsolid, has been involved in some scams before. Well, now I'm panicking, because I have very few bitcoins and most of my very tiny bit-wealth was on mcxnow. Luckily, the website went back up and I could breathe again; unfortunately I was now greeted with a page stating "All Trading Stopped. Withdraw Your Coins Before December 20th.". Turns out Realsolid decided that the stress of handling support tickets for an exchange was too much for him, and rather than buy back the fee shares or hire someone to handle support, he decided to just let the share holders take the fall. All trading was frozen on the site except for mcxFEE to bitcoin, and the price rapidly dropped to less than a quarter of what it had been. He did not cancel buy orders from before the website's crash. Furthermore, he spent about an hour on the chat saying that the users should be grateful he didn't just steal all of their coins and that he has no obligation to shareholders of mcxnow to keep the exchange running. He also called the people in the chat box "noobs" and other insults.

    EDIT: My bad! I thought I saw parallels to Cryptsy in the above.  Roll Eyes Roll Eyes Roll Eyes
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