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

Directly from their main page: https://cryptorush.in


Has there been any claim on how they have became insolvent? Hack?

Another one bites the dust.

Nice one CG82!

Thought this site was dodgy - his BTC Estimated Portfolio keeps going up, so think he'll be reluctant to get out of their - will try warn him though!

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

Your mate is full of shit! convert to Doge and get out ASAP!!!you hear me biatch????ASAP!

Also,

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

Ok just for the fun of it: I have made 100000000 Ripple based CryptoRush Coins.
Will start a giveaway on the altcoin forum tomorrow.will be giving away 1 million CRC per Ripple adress.

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.

To maintain a stable USD balance when prices go down. Only way to fight volatility. Its a dilemma.

Thanks god i've managed to cashout all of my coin there
through DOGE and ECC (they can't allow you withdraw BTC  )
i've saw their words to blackcoin dev was horrible
never use CR again..
and many scam coin use CR to trade 


lol 
most likely double scam coin 

Well if you want to trade coins you'll need to have them on an exchange.

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)

ok I managed to get all my funds out of CryptoRush.in. I swoped my last BTC for Doge and was able to withdraw my Doges.

Here is what I have left on CryptoRush becuase the funds are too low to withdraw. Basically my present for CryptoRush (Fuck You):


Auroracoin (AUR)

0.00750000


Bitcoin (BTC)

0.00000107


Dogecoin (DOGE)

4.05460000


FlappyCoin (FLAP)

5.00000000

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

Ok just swap my last alts into BTC on cryptorush.in. That was no problem. But now CryptoRush won't let me withdraw my BTC. Looks like it is Game Over for CryptoRush.
It was the same with MTGox before they went offline forever!!

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

Are people willing to pay higher fees for all that?

ok Cryptorush.in is back up..... I advise everybody to get their Crypto out of CryptoRudh.in ASAP!!!!!!!!!!

This exchange was shady from day 1.

Having more than a BTC is that shithole was retarded and deserved to be lost.

Ironic, when weighing risk the fiat keeps winning, for now.

People never learn.

Oh no, i lost all my Magic Internet Money thats terrible. But also Sorry for those who really lost something.

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.

Well to be honest you should have seen this coming.

First they messed up the Zeitcoins and generated a huge loss for everybody who had any Zeitcoins on cryptorush. Then they lost all Blackcoins (I lost 5k blackcoins ). And after that they halted BTC withdrawals. At this point users started to buying overpriced altcoins just to transfer their money out of cryptorush.

It went on like this for a week and in the end people that were not willing to loose some BTCs on expensive altcoins lost everything in the end.


Morals of the story : Don't be greedy and naive at the same time.

So true, there's several currencies I want to provide buy support to, but none of them are on exchanges that I feel are safe.

I was just considering going to CryptoRush yesterday to tryout some alts. Lucky I was lazy.  

Nice, but what if you have coins other then Bitcoin?

The best would be to only have coins on a exchange when you trade, and then move it out. But because people want it easy,they leave the coins at the exchange.

Its just F*cked up that there is not really one exchange we can trust these days.

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.

Cryptsy I guess. I bet my hot ass Cryptsy will be the next exchange to shut down!

CryptoRush was always the go-to exchange for hosting premined scam-coins (e.g. Pandacoin, 10-5, etc.).

Where will the scammers go to now?

You're old enough to know better than to trust strangers with your wealth. There's no excuse in a post-gox world.

"If you are not the sole holder of your private keys..."

This morning there was a message on the cryptorush.in homepage: we are insolvent and have new owners...bla bla bla.

Kristian has stolen our money. This is the next MTGOX scam!

Is this truth or just cryptorush downtime?

So how much Crypto did you guys lose on CryptoRush.in?
This morning I luckily managed to withdraw my 250 Auroracoins and 1.5 BTC. I still had 2.9 mio. NDL coins which have vanished.

Fuck you Kristian (owner of CryptoRush) - may you rot in hell!!!