Vernon failed to inform the users about what had happened and

Many of Cryptsy’s users felt betrayed when Vernon announced in January that someone had stolen millions of dollars’ worth of Bitcoin and Litecoin in a hack in July 2014. Vernon failed to inform the users about what had happened and continued to make assurances that everything was OK for a full year and a half afterward. (Silver and others, it’s worth noting, doubt the hacking tale; they contend Vernon took the money.).

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