We have been monitoring the network non-stop for 2 days and communicating with Cryptsy with all the information we obtained. Below is the latest official response from Cryptsy by email.
Cryptsy has now bumped the minimum number of confirmations for deposit to 999. We however suggest all users exercise extreme caution in major transactions such as trading.
Reddcoin dev team
———- Forwarded message ———-
From: [email protected]
Subject: Re: Reddcoin
To: Reddcoin [email protected]
Thank you for informing us of the situation
We have not had any double spends on REDD. We have a security program which watches for and prevents any from occurring
I will up the # of confirmations required for deposit