FallingKnife

ALERT! UNO Cryptsy wallet is being liquidated on Bittrex right now!

9 posts in this topic

The Cryptsy cold wallet, and apparently the smaller Cryptsy hot wallet has been moved to a wallet at Bittrex.

This is EXTREMELY suspicious, since Cryptsy is in receivership. We know that this UNO belongs to investors.  
It is unexpected that the entire wallet should move to Bittrex without some word from the court or Cryptsy.

The old address was:
https://chainz.cryptoid.info/uno/address.dws?ucVxMWGddgNDr9oysnqc5dU8bZmhpq3xTs.htm

The new address is:
https://chainz.cryptoid.info/uno/address.dws?205679.htm

Here is the distribution of wallets on Bittrex at this moment:
bvAXELu.png

Clearly the wallet is being liquidated without thought of price.
Big Vern is rumored to be in China. Clearly he could have the private keys and could easily be moving this UNO.

I reached out to Bittrex support and explained the situation, and have asked them to FREEZE that #1 wallet due to the facts surrounding it.



 


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This isn't good news.  I guess the Cryptsy Maintenance notice at the site should be a notice of closing for good.


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Discussing the world of cryptocoins and cryptocurrencies.

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I don't think there's any question they are gone forever. Their brand can never be revived.

 

There is not reason the UNO at Cryptsy shouldn't be returned to the holders.

 

This is very unlikely a court ordered liquidation on a Sunday night.  Dumping it onto a thin Bittrex book is no way to maximize the value of the asset.

Jimmy likes this

Unobtanium - the rare, fair cryptocurrency. Long term hodl. 250k Uno max. Low inflation. In it's 3rd year. This is a coin you want to hold. http://unobtanium.uno
Bitmessage me: BM-NBr8A6WCzJteqKvPH8VU1rc1dBUdmx5L

Reliable Altcoin Node Service offered at cost: Ask me about UNO;s Node Project and how your altcoin can benefit.

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Yup, going to totally drag down the price.  It's good that you're keeping on top of things.  

 

Though, it should be considered that maybe other people besides Vern had access to the wallets - I'm not defending Vern - just thinking about all possibilities.  So, it might be someone who decided to make a move and sell without the approval of the powers that be... hoping to get away with it.  This might also be happening with other coins which aren't being monitored as closely as you are monitoring UNO.  


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Discussing the world of cryptocoins and cryptocurrencies.

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Bittrex is investigating. Kudos to Bittrex.

3y3djqT.png


Unobtanium - the rare, fair cryptocurrency. Long term hodl. 250k Uno max. Low inflation. In it's 3rd year. This is a coin you want to hold. http://unobtanium.uno
Bitmessage me: BM-NBr8A6WCzJteqKvPH8VU1rc1dBUdmx5L

Reliable Altcoin Node Service offered at cost: Ask me about UNO;s Node Project and how your altcoin can benefit.

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BFCJJ8D.png

UNO developer Bryce Weiner on Cryptsy


Unobtanium - the rare, fair cryptocurrency. Long term hodl. 250k Uno max. Low inflation. In it's 3rd year. This is a coin you want to hold. http://unobtanium.uno
Bitmessage me: BM-NBr8A6WCzJteqKvPH8VU1rc1dBUdmx5L

Reliable Altcoin Node Service offered at cost: Ask me about UNO;s Node Project and how your altcoin can benefit.

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I spoke with one Mr. Sallah's associates today for about 45 minutes.  
It was definitely an unauthorized transfer of funds. Their working theory is that Paul Vernon was behind this attempt to empty the UNO cold wallet at Cryptsy.
This morning they served a demand notice to Bittrex to recover the UNO funds.

We the UNO community and they, the court appointed conservators, were both lucky that those UNO funds were sent to Bittrex. Bittrex is a well-run US exchange that can be counted on to do the right thing. If the UNO had been transferred to an exchange such as BTER, out of the country, it would have been game over.

The GOOD news is that Unobtanium is now out of Paul Vernon's control.  Although the funds need to be re-distributed to their owners yet, UNO is now "safe" from Paul Vernon.

LOL. I'm thinking Paul has never traded on Bittrex before. Probably didn't realize they showed wallet distribution.  It also seems a little amateurish to move all of the coins over.  He should have learned from the Coinex guy and dumped it slowly for months. Now Paul gets no Uno.  He blew $50K last night.  Poor Paul.


Unobtanium - the rare, fair cryptocurrency. Long term hodl. 250k Uno max. Low inflation. In it's 3rd year. This is a coin you want to hold. http://unobtanium.uno
Bitmessage me: BM-NBr8A6WCzJteqKvPH8VU1rc1dBUdmx5L

Reliable Altcoin Node Service offered at cost: Ask me about UNO;s Node Project and how your altcoin can benefit.

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