Feb. 17, 2015, 12:12 p.m. - CAVIRTEX shutting down
Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will be winding down its operations in an orderly manner. As a result, effective immediately, no new deposits will be accepted by CAVIRTEX. Trading on CAVIRTEX will be halted effective March 20, 2015. Effective March 25th, 2015, no withdrawals will be processed. CAVIRTEX will communicate with any account holders that continue to hold balances after March 25, 2015.
We have maintained 100% reserves. CAVIRTEX is solvent and remains in a position to accommodate all customer withdrawal requests received prior to March 25, 2015. However, On February 15, 2015 we found reason to believe that an older version of our database, including 2FA secrets and hashed passwords, may have been compromised. This database did not include identification documents.
Because security and the safety of customer funds are paramount to our mission and the success of Bitcoin in general, CAVIRTEX has determined to cease active operations in the Bitcoin business and to return all customer funds. We believe that the damage to the company's reputation caused by the potential compromise will significantly harm our ability to continue to operate successfully.
As a result of the potential compromise of our database we cannot be certain of the confidentiality of account credentials. Please log into your account and change your password immediately. Please also clear your CAVIRTEX browser cookies. BTC and LTC withdrawal will remain temporarily disabled.
We ask that customers please fill in their Bitcoin and Litecoin return addresses on their user preferences. These fields have been cleared for all users and will need to be filled in once again. This page is accessible under Settings then User Preferences. Your BTC and LTC will be sent to that address. CAD withdrawals remain enabled.
CAVIRTEX continues to believe, as we have over the last three and a half years of operation, that cryptocurrency is here to stay. We appreciate all the support from our amazing customers who have been on this journey with us. You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience.
Even with this latest development, we are proud to say that we have never lost customer funds. To our knowledge, our production environment has never been breached.
CAVIRTEX intends to communicate with its loyal shareholders regarding this announcement in the near future.
Thank you to our loyal customers and all of our supporters who believed in us but more importantly trusted us.
Sincerely,
The CAVIRTEX Team
WTF?
Well at least they aren't running away with the coins or are they withdraws are disabled
Initiates a prompt Bitcoin run, I am kind of surprised that they shut down the whole venture though that really only does leave Lightbox and Canadianbitcoins as a trustworthy exchange in my opinion + the only other exchange I bothered to sign up for at present in Canada.
