Cryptsy Cryptocurrency Class Action Settlement
Settlement Status: Paid Out 9/19/22
Estimated Payout: Varies
Proof required: Yes
Method of payment: Updates regarding the method of payment will be posted later
**This settlement is available for claimants with proof only.**
What's This Settlement About?
The Cryptsy Case was based on the unlawful conduct of Cryptsy and its founder, Paul Vernon, including their theft of the cryptocurrencies from the Cryptsy account holders, who are known as the “Class.” Mr. Vernon closed Cryptsy, moved to China, refused to participate in the Cryptsy Case or return the cryptocurrency that he stole from Cryptsy account holders, and is not known to have returned to the United States.How Do I Qualify?
In general, individuals who were Cryptsy account owners who held bitcoin, alternative cryptocurrencies, or any other form of monies or currency at Cryptsy as of November 1, 2015 and are unable to access their cryptocurrency may be Class Members who are eligible for a payment from the settlement when the funds are distributed. If you were a Cryptsy account holder and unable to access your cryptocurrency at Cryptsy, you may be entitled to receive compensation from additional monies from the ongoing litigation to recover monies for victims of the now defunct cryptocurrency exchange that was known as Cryptsy.If you already made an approved claim in the class action against Cryptsy or in the related class action against Coinbase, you do not have to take any action to submit a new claim. Your approved claim from the Cryptsy and/or Coinbase case will be reviewed, and you will receive an additional settlement payment. If you did not make a claim in the first recovery against Cryptsy or in the Coinbase case, or if your claim(s) were denied, you can make a claim or supplement your previous claim(s). If you submit a valid claim, you may receive money from this additional recovery.
How Do I File a Claim?
Please submit all proof that you had a Cryptsy account and the coins that you held there. This may include emails received from Cryptsy and screen shots from your Cryptsy account. Many Cryptsy victims have submitted such information in the prior settlements and received payments in the prior Cryptsy and Coinbase settlements.The Claims Administrator paid out class action payments to valid class action members on September 19, 2022.
