Cryptsy theft->bankruptcy

[Sean Lynch]

On Tue, Jan 19, 2016 at 7:17 AM <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.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://cpunks.org/pipermail/cypherpunks/attachments/20160212/546bf392/attachment.html>