The whole 50% up and 50% down distribution method they used was designed for one thing only - to withdraw their own funds and pay off their friends / anyone who could do them harm. The rest of you will never get your money back.
I haven't used vircurex for a long time and lost nothing in this but and due to the way they handled this situation I will never use them again in the future.
Topic: ... (Read 563 times)
*Shrug* I've been depositing and withdrawing BTC from them frequently since February. Apart from the freeze of a day or two when they tied down some of the funds in older accounts there's been no issue.
There are plenty of other exchanges so by all means you can use them if you want. I did like Vircurex because of the clean simple interface and the fact that they shared a portion of transfer fees with people holding over 1 BTC there (was working out to roughly 3% "interest rate" at one point, I calculated). But if you don't want to court risk it doesn't make sense to hold BTC there.
There are plenty of other exchanges so by all means you can use them if you want. I did like Vircurex because of the clean simple interface and the fact that they shared a portion of transfer fees with people holding over 1 BTC there (was working out to roughly 3% "interest rate" at one point, I calculated). But if you don't want to court risk it doesn't make sense to hold BTC there.
This article strikes me as being badly off base. I use Vircurex regularly, and it is still up and running just fine. I had 2+ BTC there that I withdrew just the other day without any fuss. Not saying they have no problems, but the article falsely portrays them as being down or continuing to steal funds and this is not the case. My understanding is they froze funds in accounts dating from the time of the theft, so newer accounts were not affected.
Jump to: