On Tue, Jan 19, 2016 at 7:17 AM <[1]dan@geer.org> wrote:

        Cryptsy is not the first exchange to have faced insolvency after
        hackers stole its bitcoins (see Bitcoin Exchange Hacked With
        Word Macro). But why didn't the exchange come forward sooner?
        Officials at Cryptsy couldn't be immediately reached for comment.
        But in the blog post, Cryptsy says it initially tried to cover
        the missing funds using its exchange profits and appears to
        suggest that everyone would have been worse off, had it gone to
        authorities, because its U.S. Secret Service contact was none
        other than Special Agent Shaun Bridges. "I think we all know
        what happened with him," the Cryptsy blog post notes.

   Fuck the authorities. How about informing their customers? Continuing
   to take money from people without telling anyone about the breach is
   fraud, plain and simple. I hope they lose their shirts in the lawsuit,
   and I won't shed a tear if one of their customers decides to take more
   drastic action.

References

   1. mailto:dan@geer.org