Cryptsy Receivership Status Update

[Aurophilicity]

New PDF's released on http://cryptsyreceivership.com .

This includes information on how to submit a claim if you hold crypto-currency at Cryptsy (page 37):

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Oct-26-2106-Class-Action-and-Receivership-Settlement-Agreement.pdf

[MicroGuy]

The Goldcoin team is working closely with the Florida receivership in the Cryptsy matter.

We believe that we've discovered a way to turn this situation into an exciting opportunity. There are several investors (some institutional) we are currently in contact with that wish to make substantial investments into Goldcoin. Until now, this has been impossible due to insufficient market volume.

An attorney for the receiver, Patrick J. Rengstl, has assured the team via conference call that the auctioning of the remaining Cryptsy coins will be carefully executed in a manner that will protect Goldcoin. The coins will be broken into multiple lots, bidders will be prohibited from bidding on more than 1 lot, and an auction covenant will require that successful bidders hold their coins for a period of time after winning.

The Goldcoin team through its retail arm, Goldcoin Partners, will work diligently over the coming months to attract additional quality investors and negotiate the finer terms and conditions of these upcoming auctions.

This is a very positive development for Goldcoin, as now, for the first time ever, we have a doorway for major investors to come on board where none had existed before.

~~

Links:
http://cryptsyreceivership.com/
http://www.payton-law.com

[kelsey]

great news, and excellent work on preventing a worse fallout from the whole cryptsy incident.

[RJF19]

The Goldcoin team is working closely with the Florida receivership in the Cryptsy matter.

We believe that we've discovered a way to turn this situation into an exciting opportunity. There are several investors (some institutional) we are currently in contact with that wish to make substantial investments into Goldcoin. Until now, this has been impossible due to insufficient market volume.

An attorney for the receiver, Patrick J. Rengstl, has assured the team via conference call that the auctioning of the remaining Cryptsy coins will be carefully executed in a manner that will protect Goldcoin. The coins will be broken into multiple lots, bidders will be prohibited from bidding on more than 1 lot, and an auction covenant will require that successful bidders hold their coins for a period of time after winning.

The Goldcoin team through its retail arm, Goldcoin Partners, will work diligently over the coming months to attract additional quality investors and negotiate the finer terms and conditions of these upcoming auctions.

This is a very positive development for Goldcoin, as now, for the first time ever, we have a doorway for major investors to come on board where none had existed before.

~~

Links:
http://cryptsyreceivership.com/
http://www.payton-law.com

Excellent! It's refreshing to see someone working for us instead just themselves. Thank you!

[numan]

Hi,

I was a user of Cryptsy and I used years ago, this week I release I left my dogecoins in the Cryptsy account.

I have been reading about the situation in several places but I don't know how it is going the process and if it is possible to recover my crypto currency.

I know this forum is about GoldCoin but if you could provide a bit info to head to the right place would be very kind.

The only thing I have done is register in http://cryptsyreceivership.com.

In my account I had around 4 million dogecoins.

New PDF's released on http://cryptsyreceivership.com .

This includes information on how to submit a claim if you hold crypto-currency at Cryptsy (page 37):

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Oct-26-2106-Class-Action-and-Receivership-Settlement-Agreement.pdf

I have read the page 37, but I don't know how to do it, (is only for US residents?)

Thanks for your help

[MicroGuy]

In my account I had around 4 million dogecoins.

The Dogecoin currency has already been liquidated at market as per the published court documents. These proceeds will be used to pay attorney fees with any remaining funds distributed to the included parties.

To make sure you are included in any potential distribution, you must contact the receiver using the information provided on its website.

[numan]

Thanks @microGuy

When you mention the receiver, do you mean the website "http://cryptsyreceivership.com/" ?

[MicroGuy]

Thanks @microGuy

When you mention the receiver, do you mean the website "http://cryptsyreceivership.com/" ?

Yes. That is the official website of the Cryptsy receivership.

[Joblin]

I had ALL my Goldcoins in Crypsty, and they are gone.  I had over 4k of them.  How do I get them back? 

[MicroGuy]

I had ALL my Goldcoins in Crypsty, and they are gone.  I had over 4k of them.  How do I get them back?

To be eligible for financial compensation, you must contact the attorneys in Florida and provide them with your details.

[MicroGuy]

If you are a Cryptsy account holder and are unable to access your Goldcoin, you could get money from two different class action settlements. If you have not done so, you should file a claim immediately: http://www.cryptsysettlement.com/

The deadline for submitting a claim form is May 17th, 2017.

As part of our continued effort to support the community, the Goldcoin team has also raised money to create an internally funded compensation program that will match paid claims in the above action(s). To be eligible for this internal program, you must submit a claim at the link provided above and provide proof of receiving a paid claim from the above action(s).

There will be restrictions and limits TBD on the individual amounts paid by this separate internally funded claims matching program. Our goal and objective is to provide as much relief as possible to those adversely affected by Cryptsy's abrupt closure.

Perhaps one of the bright lights in all of this has been the valuable lesson that it is generally considered not best-practice to store funds long-term on a crypto exchange.