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I had .95btc in cryptsy.

The exchange is now bust with intermittent updates from 'big Vern'.

The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, never leave your coin in an exchange'.

Is there any regulation around exchanges at all, so that if they go bust, protocol x y z must be followed?

edit: Just to add cryptsy concealed the loss and continued to trade, if it were a bank there would be legal ramifications. Exchanges are similar to banks, they have accounts with client money but none of the rules seem to apply.

I had .95btc in cryptsy.

The exchange is now bust with intermittent updates from 'big Vern'.

The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, never leave your coin in an exchange'.

Is there any regulation around exchanges at all, so that if they go bust, some protocol must be followed?

edit: Just to add cryptsy concealed the loss and continued to trade, if it were a bank there would be legal ramifications. Exchanges are similar to banks, they have accounts with client money but none of the rules seem to apply.

I had .95btc in cryptsy.

The exchange is now bust with intermittent updates from 'big Vern'.

The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, never leave your coin in an exchange'.

Is there any regulation around exchanges at all, so that if they go bust, protocol x y z must be followed?

edit: Just to add cryptsy concealed the loss and continued to trade, if it were a bank there would be legal ramifications. Exchanges are similar to banks,t he have accounts with client money but none of the rules seem to apply.

I had .95btc in cryptsy.

The exchange is now bust with intermittent updates from 'big Vern'.

The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, never leave your coin in an exchange'.

Is there any regulation around exchanges at all, so that if they go bust, protocol x y z must be followed?

edit: Just to add cryptsy concealed the loss and continued to trade, if it were a bank there would be legal ramifications. Exchanges are similar to banks, they have accounts with client money but none of the rules seem to apply.

I had .95btc in cryptsy.

The exchange is now bust with intermittent updates from 'big Vern'.

The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, never leave your coin in an exchange'.

Is there any regulation around exchanges at all, so that if they go bust, protocol x y z must be followed?

I had .95btc in cryptsy.

The exchange is now bust with intermittent updates from 'big Vern'.

The authorities don't seem to care, fellow crypto enthusiasts just say things like, 'oh how stupid, never leave your coin in an exchange'.

Is there any regulation around exchanges at all, so that if they go bust, protocol x y z must be followed?

edit: Just to add cryptsy concealed the loss and continued to trade, if it were a bank there would be legal ramifications. Exchanges are similar to banks,t he have accounts with client money but none of the rules seem to apply.