closed - page 12. | Bitcointalksearch.org

rnicoll

full member

Activity: 199

Merit: 110

Quote from: EinsteiniumWisdom on April 03, 2014, 10:19:29 AM

Still don't have mine yet how many litecoins did you guys have in the account?

I had 0.57BTC; I think he's doing a lot better for BTC than LTC right now, alas.

Edit: Should add, this was in a stuck withdrawal (so was neither frozen nor sent). I suspect frozen funds will be stuck through to late this month....

rokkyroad

legendary

Activity: 1090

Merit: 1000

Nothing here. I'm excited there is sign of life at Vircurex.

mdtspain

legendary

Activity: 1076

Merit: 1003

Quote from: rnicoll on April 03, 2014, 08:59:58 AM

Just got an email from support, coins sent, and they're showing in the destination. I'm very slightly in shock!

You are all lucky guys!!!!

I have a new message on my homepage on Vircurex:

Frozen funds
Your account has frozen funds (the reason why you might not see all your coins in the balances). Please read this announcement about the details.

EinsteiniumWisdom

newbie

Activity: 51

Merit: 0

Still don't have mine yet how many litecoins did you guys have in the account?

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

I am pretty shocked to, Today I got all of my coins too. Thanks a lot Vircurex, much appreciated

rnicoll

full member

Activity: 199

Merit: 110

Just got an email from support, coins sent, and they're showing in the destination. I'm very slightly in shock!

Arbitrageur

hero member

Activity: 556

Merit: 500

up, this thread should be pinned at the top until kumala gives all the money back to the rightfully owners. speak to us kumala. have you bought the missing coins?

Arbitrageur

hero member

Activity: 556

Merit: 500

kumala are you buying the lows?? come on, you are having the best chance in the last 4 months to buy the missing coins. you are a lucky boy! buy this crap and give them back to the rightfully owners.

Arbitrageur

hero member

Activity: 556

Merit: 500

Quote

here's what he should do in my opinion:

- raise fresh new capital, 1000 btc minimum to bring back the NAV > 0 (all coming from his pockets or from new partners/investors)
- disclose his identity, open a twitter account, launch a better support via skype
- unfreeze at least 50% of the coins unlawfully held, to be distributed in a fairly manner
- propose an incentive to trading for the depositors with frozen coins (half commission, or no commission at all, so they stick around and generate volume)
- stick to a full reserve, to be audited regularly
- include more coins, at least the top 15 as per market cap
- open an LTC market (for the likes as dogecoin, redd, tips, devcoin and so on)
- add the pay-per-vote system
- add trading vs USD and EUR

I believe this could restore confidence and bring back the daily turnover to at least 100 btc per day minimum.

I forgot: move to HK or singapore or somewhere else but away from China (apparently vircurex is based in Bejing) and add also Yuan trading (just like btc-e did two days ago).

Pimpmycoin

hero member

Activity: 595

Merit: 500

non può fare dump per sempre

up

this is insane

hold depositors are frozen and kumala is paying interest to new depositors

don't trade anymore with this fucking scammer!!!!!!

lenny_

legendary

Activity: 1036

Merit: 1000

DARKNETMARKETS.COM

Kumala Last Active: March 28, 2014, 05:23:57 AM
Did he really abandoned his exchange and run away with money?

Blackmet

hero member

Activity: 854

Merit: 500

The support is dead. No adding back on skype as well as no answering any email. BTC still frozen and no explanations. Vircurex scam is obvious.

mdtspain

legendary

Activity: 1076

Merit: 1003

Quote from: Arbitrageur on April 01, 2014, 05:18:32 PM

Kumala, are you reading??

Kumala is on "vacation", with the coins that he stole. Or should I say "He hacked his own site to run with the money"

Arbitrageur

hero member

Activity: 556

Merit: 500

I don't know what the heck kumala is doing, maybe he run away with the loot and left the exchange on autopilot. to quote again:

Quote

- poor communication: wrong move
- privilege the first leaving the exchange: wrong
- distribute remaining coins unequally: wrong
- freeze 2014 people's account for something happened to may 2013 customers' account: wrong

What could Kumala do to rivitalise Vircurex.com?

here's what he should do in my opinion:

- raise fresh new capital, 1000 btc minimum to bring back the NAV > 0 (all coming from his pockets or from new partners/investors)
- disclose his identity, open a twitter account, launch a better support via skype
- unfreeze at least 50% of the coins unlawfully held, to be distributed in a fairly manner
- propose an incentive to trading for the depositors with frozen coins (half commission, or no commission at all, so they stick around and generate volume)
- stick to a full reserve, to be audited regularly
- include more coins, at least the top 15 as per market cap
- open an LTC market (for the likes as dogecoin, redd, tips, devcoin and so on)
- add the pay-per-vote system
- add trading vs USD and EUR

I believe this could restore confidence and bring back the daily turnover to at least 100 btc per day minimum.

Kumala, are you reading??

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: lenny_ on April 01, 2014, 03:50:19 PM

I sent 2 e-mails about 10 days ago, then again same e-mails about 5 days ago. Still no answer, dead like a rock.
It support working on this exchange? Looks like admin of this exchange is completely unreliable and untrustworthy person now. Or maybe I can get comment on this?

BTW my questions to support were just about API, not about recent problems.

I have tried to get a reply from customer "service" since the 3/19 - no answer.

lenny_

legendary

Activity: 1036

Merit: 1000

DARKNETMARKETS.COM

I sent 2 e-mails about 10 days ago, then again same e-mails about 5 days ago. Still no answer, dead like a rock.
It support working on this exchange? Looks like admin of this exchange is completely unreliable and untrustworthy person now. Or maybe I can get comment on this?

BTW my questions to support were just about API, not about recent problems.

Arbitrageur

hero member

Activity: 556

Merit: 500

I hope Kumala bought some btc and ltc back at cheap prices, this might help refund the frozen coins.

Arbitrageur

hero member

Activity: 556

Merit: 500

Quote from: Dexter44 on March 31, 2014, 06:28:52 PM

I can only say Kumala is getting this all wrong:

- poor communication: wrong move
- privilege the first leaving the exchange: wrong
- distribute remaining coins unequally: wrong
- freeze 2014 people's account for something happened to may 2013 customers' account: wrong

What could Kumala do to rivitalise Vircurex.com?

- a restyling of the website
- a LTC <-> frozenLTC exchange, similar to bitcoinbuilder, allowing people to withdraw immediately
- include much more coins, with the pay-per-vote system
- redistribute new coins fairly, like poloniex is doing

I know some purists here can see as wrong to accept scam on-board, but better to have scam on-board then be a scam!

Kumala, wake up! And don't fly to Japan...

vircurex was running on negative NAV so you forget one thing: he absolutely needs to raise fresh new capital, part of which must be used for refunding a good portion of the frozen funds.

mhps

hero member

Activity: 516

Merit: 500

CAT.EX Exchange

Quote from: Littleshop on March 31, 2014, 06:38:52 PM

Is there any movement of frozen funds to the unfrozen state at all? Even fractional?

The payback plan was laid out in the initial announcement https://vircurex.com/welcome/ann_reserved.html
Everyone logged in on the 24th should see the announcement. However Vircurex should have given a notice where trasaction message is displayed.
I thought Kumala was being nice to allow unstolen types of coins to be withdrawn, instead of shutting all exists immediately.

420

hero member

Activity: 756

Merit: 500

I am satisfied with Kumala's communication and I vow to continue keeping funds and trading with vircurex if they deliver my 'frozen funds' back in a reasonable amount of time. (if at least to help further customers get repaid)

Shows just BTC/LTC frozen and part of my BTC as 'available'

People using this site if this is someone your 'first' compromise or hack on a site with your funds should realize; almost never does the owner vow to payback the users in FULL (forgive me if something changed, haven't read ALL recent pages)

I was burned by TradeFortress site, lost thousands, and now cryptostocks was hacked (not my email) and lost a few thousand there.

Vircurex has been around for years and it's not a come and leave site that deserves abandoning.

In other words, don't be so pessimistic. If a site has such big problems as this; don't they have the experience to have learned about security ? It should help improve the site for next installment. Maybe they need a new re-design from scratch; I do not know...

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