Class Eligibility

This settlement includes Cryptsy account owners who held Bitcoins, alternative cryptocurrencies, or any other form of monies or currency at Cryptsy as of November 1, 2015, through June 2, 2017, and are unable to access their cryptocurrency may be Class Members (a) who are eligible for a payment from the settlements when the funds are distributed, and (b) on whose behalf the lawsuit will continue against the Non-Settling Defendants. (Excluded from the Class are all employees of Cryptsy, including its shareholders, officers and directors and members of their immediate families.)

Estimated Amount

Varies

As a member of the class you will receive a share of the total pool. Note that the amount of the pool is still to be determined as some of the assets included have not yet been liquidated

Proof of Purchase

Yes

Case Name

BRANDON LEIDEL, and MICHAEL WILSON, individually, and on behalf of All Others Similarly Situated,Plaintiffs, v.PROJECT INVESTORS, INC.,d/b/a CRYPTSY, a Florida corporation, PAUL VERNON, an individual, and LORIE ANN NETTLES, an individual,
Case No.: 9:16-cv-80060
District Court for the Southern District of Florida

Case Summary

The class action lawsuit claims that:

(1) Defendant Project Investors, Inc. d/b/a Cryptsy (“Cryptsy”) and Paul Vernon (“Vernon”) stole and converted for their own use the cryptocurrencies of the Cryptsy account holders;

(2) Defendant Lori Ann Nettles (“Nettles”) was unjustly enriched as a result of assets that she received that were purchased with the proceeds of cryptocurrency taken from the Cryptsy account holders during her marriage to, and in her divorce from, Vernon; and

(3) Defendants Ridgewood Investments, Inc. (“Ridgewood”) and Kaushal Majmudar (“KM”) were unjustly enriched as a result of consulting fees they received from Cryptsy.

Settlement Pool

TBD

Please note that the receiver is in the process of liquidating assets, once the assets are liquidated the pool will be divided among qualified class members

Deadline

05/17/2017

Contact


Cryptsy Cryptocurrency Administrator
1801 Market Street,
Suite 660 Philadelphia, PA 19103
Facsimile: 1-215-525-0209

9 responses to “Cryptsy Cryptocurrency Access Class Action Settlement”

  1. Robert Allen says:

    Hi

    I submitted my claim on the other site and I would like to know what happen on Friday, June 2, 2017
    Is there a settlement price that was determined, from the fairness hearing or any other news.

    Thank you
    Robert Allen

    ADMIN – Hi Robert,

    I currently don’t have updates on this settlement

  2. BETTIE says:

    I’ve searched for a blog. Please assist me with a site if possible.

    ADMIN – Hi Bettie,

    I don’t understand the nature of your request.

    • BETTIE says:

      Thanks for the response concerning “a blog”. I read where checks will be dispersed early 2018, if updates are possible, please inform us.
      Thanking you in advance.

  3. fredy morales says:

    I made my claim Case Number 6937094 , what´s the method to notify when refund exist?

    ADMIN – Hi Fredy,

    mail

  4. Eleonora bailey says:

    I’ve missed the deadline for submission. Is there any way I still would be able to?

    ADMIN – Hi Eleonora,

    I don’t think you have much in the way of recourse. I am so sorry.

  5. Cromon says:

    I think you should re-open the registrations for claims as I feel a fair few people will have missed this! I for one lost an amount of various coins on the exchange and never saw this till now!!

    ADMIN – Hi Cromon,

    I can’t do that myself and there is no legal precedent of class action settlements opening again.

  6. Nick says:

    I received no notification that this lawsuit existed until today when I tried to access my account, so now I’ve missed the deadline, what way the method of notification?

    ADMIN – Hi Nick,

    Usually class action administrators post on relevant publications, send emails or send stuff over snail mail

  7. troy Ernzer says:

    i was never notified. Not email nor snail mail. to late to file a claim

    ADMIN – Hi Troy,

    Indeed. It is too late to file a claim.

  8. David says:

    Hello,

    How many claimers did they file a claim?

    Best Regards,

    ADMIN – Hi David,

    We don’t have that info.

Leave a Reply

Your email address will not be published. Required fields are marked *