Topic: CryptoRush.in is insolvent and has shut down. (Read 2292 times)

Public Warning
ATTENTION: Please be aware that at this time, due to insolvency and site ownership changes, all deposits and trades are to be considered at your own risk. Depleted wallets will not be able to fund coin withdrawals. Affected Wallets: BTC, LTC, POT, AUR, QRK, WAS and BAT

Coins that have completed Maintenance: AUR, FCK, FRY, HXC, LEAF, LYC, PANDA, P$, Q2C, SCO, UTC, UNC, VMP, XIV, DOGE, LTC, ICN, COINO, VOLT, FOX, EAC, DGB, PT, NDL, CRN, ANI, MMC, BEN, BUR, FRZ, TEA, SAT, MCR, SOCHI, RAD, MRS, BAT, PAND, TFC, TES, UFO, BLA, PXL, 66, SPA

Coins that are Down for Daemon Upgrades: HUC, KOI, 21

Much less,like I said we are being scammed.got out as soon as possible!

Also,

When you guys cashed out (converting to DOGE, etc) Did you get roughly the Estimated BTC Portfolio or much less?

Got a mate who loves this site Cryptorush.in

He reckons there's nothing up with the site and that the "new" management will resolve most issues/continue trading.

He has acquired a small share holding in CRS, and hopes to re-coupe his initial investment.

Is my mate being scammed? Because, a lot of folks are converting to DOGE and getting out.

I'll never understand why people leave their wealth in any wallets other than those they control...

Would you feel safe leaving your physical wallet at the laundromat? The grocery store? Those are places of exchange, too.

Sure, as long as there's a 75% premine for ... um ... development, bounties, give-aways, etc.

I'll control the premine wallet (I can be trusted).

Ooo..  yes!  there'll be an IPO as well! 

We can even setup a company (registered to a PO Box in Guatemala)

I'll never understand why people leave their wealth in any wallets other than those they control...

Would you feel safe leaving your physical wallet at the laundromat? The grocery store? Those are places of exchange, too.

I am going to start the new Ripple based Coin: CryptoRush Coin.
Who is in? 

You've just given the Cryptorush mob an idea for their next scam

Somebody should start a Cryptorush Coin so that we can get our money back!

When core market value go down it naturally weeds out the ponzi schemes  IMO, just add it to the list:
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
http://www.youtube.com/watch?v=oQTM8NkbIVw&t=24m30s

cryptocurrency investors, and speculators want and need more accountability, responsibility, and transparency from their service providers.

1) Identification -  if you claim to have 5 employees/partners, support that with photos and info on each (About Us page), this is an old current standard, the new current standard would be to have an affidavit sworn or affirmed to by each indicating that they ... [are not a bad guy, or is a reformed bad guy, ...], pdf all of the already public info like license, etc so that the community could better know you

2) Insurance - general liability, officer E/O, employee bonding, etc

3) Community certification - the community to rate you, provide the star rating on your site

4) Internal Audit - used the blockchain to prove assets, solvency.  A signed transaction, on a regular basis. ie: 50Kbtc represents assets on hand 'signed by exchange'

5) External Audits -  quarterly security audits, and annual whole system audits (financial, security, customer service, policy, procedures)


The community must demand AT LEAST the above from EXISTING and all new exchanges, 2FA and FinCen registration is not nearly enough. 

It's time for service providers to make the promises, warrants, guarantees, and assurances and to proudly stand behind them, those who do will LEAD the industry with higher quality standards.