Topic: Vicurex freezing withdrawals. - page 4. (Read 6903 times)
lol years, you really have no idea how profitable it is to be such a exchange like vircurex. In a few weeks most of the losses could be covered.
So vircurex was on fractional reserve all these time, and they are running low on cash flow.
If they handle this properly, they could get out of this.
If they handle this properly, they could get out of this.
How?
With the amount of BTC they make via fees it will take years to pay back the lost BTC.
Additionally this idea relies on new costumers making deposits there and we all can imagine just how likely it is that many people will deposit fresh money there...
Crowd-funding, IPO, find investors in fiat...
How much bitcoins did they loose last year?
This is not good news but I'm liking the way they chose to handle the matter seems very responsible on there part to make things so transparent and I hope people give them credit for that and there service to the community.
this was handled definitely much better than the gox situation, where they lied until the very end (and didn't stop lying even after that)
Vircurex is handling it the right way.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
Yes maybe they should get a medal for losing their customers funds...
No.
The situation should be considered from every aspect and the focus should not fixate on the theft of the coins alone; it's old news anyways. Everybody there was informed about the theft when it happened. Good businesses are determined by the reaction to bad situations and the desire to succeed...
You can't stop all theft, it's a constant battle. You will win some and lose some... There's no such thing as theft immunity.
Bad things happen, if they weren't transparent and honest about it I would have an entirely different opinion on this matter. The manner in which they're approaching this is the best you can expect in this situation...
Vircurex is handling it the right way.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
Yes maybe they should get a medal for losing their customers funds...
So vircurex was on fractional reserve all these time, and they are running low on cash flow.
If they handle this properly, they could get out of this.
If they handle this properly, they could get out of this.
Vircurex is handling it the right way.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
They haven't froze the balances yet you can still trade. Freezing will happen tomorrow. The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
well this is rather interesting news. I've got an account there that I lost the password to. I'm hoping I can contact the staff and get back into my account as I've got some alts there and I'd like to check on the current value.
This is not good news but I'm liking the way they chose to handle the matter seems very responsible on there part to make things so transparent and I hope people give them credit for that and there service to the community.
This is not good news but I'm liking the way they chose to handle the matter seems very responsible on there part to make things so transparent and I hope people give them credit for that and there service to the community.
Vircurex is handling it the right way.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
The coins can't be traded. They are completely frozen...
Vircurex has identified the amounts, the users are all informed.
The losses weren't recent but a few large players exited and left the exchange high and dry. The remaining users benefit by remaining on the exchange in the future.
On another note, vircurex needs to consider a remittance for those affected. Perhaps they should include interest on the frozen balances.
Although it is crappy news atleast they communicate upfront and with honest intentions of paying back.
Hope they don't end up goxxed.
P.S. Is bitcoinbuilder already running on this one
Hope they don't end up goxxed.
P.S. Is bitcoinbuilder already running on this one
Goxing is now a contagion... Which one will be next?
That's not good at all, Vircurex doesn't have that much volume it'll take forever to pay these customers back from trading fees.
Expect to see the price of coins not affected on there to skyrocket as people try and get their BTC out.
Expect to see the price of coins not affected on there to skyrocket as people try and get their BTC out.
NOOOO!!! I have very much Doge coins there 
No stress, as I believe Vircurex is not MtGox
They need perhaps a day to make it up with withdraws again.
And no problem with DOGE and most other currencies. That is, until those reserves run dry too of course.
Well, I have enough, getting (the rest of) my coins out of stamp later.
Once again those in the know got out before the peasants.
Once again those in the know never got in.
Like you want to say all of you know about Vircurex issues?
Make us smarter and share your knowledge
ps. I haven't got any coins there atm. :]
NOOOO!!! I have very much Doge coins there
No stress, as I believe Vircurex is not MtGox
They need perhaps a day to make it up with withdraws again.
NOOOO!!! I have very much Doge coins there
Once again those in the know got out before the peasants.
"stolen" funds...
Bitcoin exchanges are free money generators.
Bitcoin exchanges are free money generators.
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