I just read a few pages back about cryptsy receiving bad forked coins. Someone suggested that to fix the issue people would basically have to reverse a bunch of transactions or I guess nullify them. Obviously that's not realistic, and I know cryptsy is dealing with a lot of shit right now, but if they get a chance to deal with bitbar, could there be a likely solution they would use to get customers good bitbars? (Like would it be possible for them to nullify bad coins and spread the loss across users? or are all the coins on cryptsy automatically unusable?) I had over 2k BTB on cryptsy and I'm scared that they are as gone as the litecoins i had on the site
Also, if they were taking in coins from multiple forks (if I understand that to be possible, correct me if i misread) and then allowing them to be traded on their network, could that be considered negligence under the law? In the sense that they were knowingly allowing (or at least not preventing) "counterfeit" crypto to be mixed with good crypto and then taking fees from "counterfeit" trades? I know there's a class action lawsuit going, but I don't think this issue would fall in it (that is if I understood this correctly
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It's not possible to get coins from multiple forks - only the fork you are on.
Once they update their wallet and get in sync with the rest of us, the 'bad' bitbars will (should) turn to orphans in their wallet, or at least become unspendable.
How they are going to disburse funds is another matter. I guess it will be first come - first serve until they run out. (like everything else)
As for knowingly trade 'bad' bitbars, I don't think they actually 'knew'.
At the time, all they were getting were service tickets stating deposits and withdrawals weren't going through, and as you stated, they had/have a lot of things going on, and I don't think they ever got around to looking into the problem until it was too late, and things blew up for them.
I feel for ya man - I've got six different alt-coins there in locked wallets, about 5 BTC worth that I probably won't get back.
At least I can login still and visit them
