{"id":709,"date":"2016-05-10T00:00:00","date_gmt":"2016-05-10T04:00:00","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/media-coverage\/mystery-of-cryptsyos-collapse-grows-as-ceoos-whereabouts-unknown\/"},"modified":"2023-06-14T12:24:37","modified_gmt":"2023-06-14T12:24:37","slug":"mystery-of-cryptsyos-collapse-grows-as-ceoos-whereabouts-unknown","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/mystery-of-cryptsyos-collapse-grows-as-ceoos-whereabouts-unknown\/","title":{"rendered":"Mystery of Cryptsy&#8217;s Collapse Grows as CEO&#8217;s Whereabouts Unknown"},"content":{"rendered":"<p><strong>David Silver Quote:<\/strong><\/p>\n<blockquote><p>\n<strong>Speaking to CoinDesk, attorney David Silver of the Silver Law Group reiterated a past call for Vernon to cooperate with plaintiffs and said that efforts to gain control of assets and client funds remain ongoing. \u201dWhile we are trying to do everything we can to protect our clients&#8217; interests, we are limited in what we can do,\u201c he said. \u201dMembers of the Cryptsy community have been actively following this case, and any help or information they can provide is much appreciated.<\/strong>\n<\/p><\/blockquote>\n<p>One month after a Florida court first appointed a receiver in charge of troubled digital currency exchange Cryptsy, the representative has filed a report detailing efforts to retain information about the whereabouts of Cryptsy assets, as well as CEO Paul Vernon.<\/p>\n<p>Entered by\u00a0receiver James Sallah, the filing comes\u00a0months after users first began voicing concerns about their inability\u00a0to withdraw funds from the exchange or receive clarity from its management on the status of such services.<\/p>\n<p>Back in January, two Florida law firms filed suit against Project Investors, the company that oversaw the exchange&#8217;s operation, just prior to the emergence of claims that Cryptsy had been\u00a0<a href=\"https:\/\/www.coindesk.com\/cryptsy-bankruptcy-millions-bitcoin-stolen\/\" target=\"_blank\" rel=\"noopener\">hacked and robbed<\/a>\u00a0nearly a year and a half prior. At the time, Cryptsy claimed that it owed its customers\u00a0millions in various digital currencies, denominated primarily in bitcoin.<\/p>\n<p>Claims about the hack, widely disputed by both customers and critics, were\u00a0<a href=\"https:\/\/www.coindesk.com\/cryptsy-bitcoin-theft-avoid-panic\/\" target=\"_blank\" rel=\"noopener\">kept hidden<\/a>\u00a0at the time to avoid a panic, Vernon told CoinDesk in January, but that dwindling income brought the extent of the exchange\u2019s insolvency to the fore.<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/cryptsy-collapse-ceo-mansion-whereabouts-unknown\/\" target=\"_blank\" rel=\"noopener\">Read the rest of the article.<\/a><\/p>\n","protected":false},"featured_media":1769,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news_categories":[],"class_list":["post-709","news_posts","type-news_posts","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mystery of Cryptsy&#039;s Collapse Grows as CEO&#039;s Whereabouts Unknown - SilverMillerLaw.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/mystery-of-cryptsyos-collapse-grows-as-ceoos-whereabouts-unknown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mystery of Cryptsy&#039;s Collapse Grows as CEO&#039;s Whereabouts Unknown - SilverMillerLaw.com\" \/>\n<meta property=\"og:description\" content=\"David Silver Quote: Speaking to CoinDesk, attorney David Silver of the Silver Law Group reiterated a past call for Vernon to cooperate with plaintiffs and said that efforts to gain control of assets and client funds remain ongoing. \u201dWhile we are trying to do everything we can to protect our clients&#8217; 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