{"id":2839,"date":"2016-01-13T00:00:00","date_gmt":"2016-01-13T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/silver-law-group-files-class-action-lawsuit-against-cryptsy-and-its-principal-paul-big-vern-vernon\/"},"modified":"2017-12-22T14:14:14","modified_gmt":"2017-12-22T19:14:14","slug":"silver-law-group-files-class-action-lawsuit-against-cryptsy-and-its-principal-paul-big-vern-vernon","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-files-class-action-lawsuit-against-cryptsy-and-its-principal-paul-big-vern-vernon\/","title":{"rendered":"Silver Law Group Files Class Action Lawsuit Against Cryptsy and Its Principal Paul (\u201cBig Vern\u201d) Vernon"},"content":{"rendered":"<\/p>\n

Silver Law Group (www.silverlaw.com<\/a>), along with the law firm of Wites & Kapetan, P.A., has filed a nationwide class action lawsuit in federal court against Florida-based cryptocurrency exchange operator Cryptsy<\/strong> and its principal, Paul (\u201cBig Vern\u201d) Vernon<\/strong>.\u00a0 Over the past several months, numerous Cryptsy account holders have been denied access to their accounts and have been deprived of any ability to properly protect their valuable assets amidst widespread reports of problems at the heart of Cryptsy\u2019s business.\u00a0 While reports have been swirling in multiple media outlets that Cryptsy\u2019s future is greatly troubled and that the company might be under heavy regulatory scrutiny, many Cryptsy account holders have been unable to withdraw any and all forms of currency from their accounts.\u00a0 Despite repeated inquiries to Cryptsy, users are being left without any meaningful response or information from Cryptsy and have had their withdrawal demands either denied or tabbed as \u201cpending\u201d for days, weeks, or even months.\u00a0 Although the exact amount has yet to be calculated, it is believed the value of the digital funds being held captive at Cryptsy exceeds Five Million Dollars ($5,000,000.00).<\/p>\n

The class action lawsuit is pending in the United States District Court for the Southern District of Florida under Case No. 9:16-cv-80060. As stated in the lawsuit, the class of victims pursuing relief includes \u201cAll Cryptsy account owners who deposited Bitcoins, alternative cryptocurrencies, or any other form of monies or currency at Cryptsy and have been denied access to their accounts and funds between November 1, 2015 and the present date.\u201d <\/strong> The lawsuit asserts claims for negligence, unjust enrichment, conversion of funds and property, and violations of Florida\u2019s Deceptive and Unfair Trade Practices Act.<\/p>\n

If you have invested in Bitcoin or any other cryptocurrency and believe you are the victim of a fraud or a theft of your assets, you might have the grounds upon which to assert a claim to recover your losses. Additionally, if you have entrusted your cryptocurrency to Cryptsy or have traded through its web site and feel you have been misled, gather your metadata and contact Silver Law Group<\/a> to find out what rights may be available to you.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group (www.silverlaw.com), along with the law firm of Wites & Kapetan, P.A., has filed a nationwide class action lawsuit in federal court against Florida-based cryptocurrency exchange operator Cryptsy and its principal, Paul (\u201cBig Vern\u201d) Vernon.\u00a0 Over the past several months, numerous Cryptsy account holders have been denied access to their accounts and have […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[],"class_list":["post-2839","post","type-post","status-publish","format-standard","hentry","category-all-releases"],"yoast_head":"\nSilver Law Group Files Class Action Lawsuit Against Cryptsy and Its Principal Paul (\u201cBig Vern\u201d) Vernon — Securities Arbitration Lawyers Blog — January 13, 2016<\/title>\n<meta name=\"description\" content=\"If you invested in Bitcoin or any other cryptocurrency 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