Topic: Vircurex does not allow for ANY withdrawals at the moment. (Read 2171 times)
The site currently Cloudflare 502 Error Bad Gateway
Just to update anybody who is still waiting on this absurd process Vircurex claim to be using to pay people back the funds they 'froze', albeit nobody can verify these supposed repayments:
https://vircurex.com/main/index
It seems to me they started unfreezing, because a tiny amount of BTC appeared in my account. I hope the pace will increase, so I doon't have to wait until 2300 https://vircurex.com/main/index
Thanks for the update
Just to update anybody who is still waiting on this absurd process Vircurex claim to be using to pay people back the funds they 'froze', albeit nobody can verify these supposed repayments:
https://vircurex.com/main/index
https://vircurex.com/main/index
Quote
2018-02-13: 1.25 BTC and 37 LTC returned to frozen fund holders
The profit of 1.25 BTC and 37 LTC from Q4 2017 have been distributed to users with frozen funds. We have applied the same logic as in the past. Half the funds are distributed to users with the largest frozen funds and half to the users with the least amount of frozen funds. If you still have frozen funds, please bear with us. We will distribute all Vircurex profits every quarter.
2018-01-25: All TRC frozen funds have been returned
With the profits we made last year, we have acquired the remaining TRC needed to return all previously frozen TRC funds.
2018-01-05: Hanging TRC withdrawals credited back
An account audit of the TRC withdrawals of 2017 have identified various withdrawals that did not make it into the blockchain. We have cancelled those withdrawals and credited the funds back into your account.
2018-01-02: TRC wallet online again
Terracoin wallet is online again, we have received various inquiries about failed withdrawals in the past weeks. We are performing an audit on all wallet transactions and will credit back TRC funds into your account if the withdrawal did not make it into the blockchain.
2018-01-01: Delisting USD and EUR
As of 2018 we do not offer USD or EUR related trades. All EUR and USD balances will be converted in the coming days to BTC at a rate of BTC/USD=12500 and BTC/EUR=10750.
The profit of 1.25 BTC and 37 LTC from Q4 2017 have been distributed to users with frozen funds. We have applied the same logic as in the past. Half the funds are distributed to users with the largest frozen funds and half to the users with the least amount of frozen funds. If you still have frozen funds, please bear with us. We will distribute all Vircurex profits every quarter.
2018-01-25: All TRC frozen funds have been returned
With the profits we made last year, we have acquired the remaining TRC needed to return all previously frozen TRC funds.
2018-01-05: Hanging TRC withdrawals credited back
An account audit of the TRC withdrawals of 2017 have identified various withdrawals that did not make it into the blockchain. We have cancelled those withdrawals and credited the funds back into your account.
2018-01-02: TRC wallet online again
Terracoin wallet is online again, we have received various inquiries about failed withdrawals in the past weeks. We are performing an audit on all wallet transactions and will credit back TRC funds into your account if the withdrawal did not make it into the blockchain.
2018-01-01: Delisting USD and EUR
As of 2018 we do not offer USD or EUR related trades. All EUR and USD balances will be converted in the coming days to BTC at a rate of BTC/USD=12500 and BTC/EUR=10750.
They have frozen my funds for 3 years.
I just discovered a forgottwn vircurex account and found 3.5 btc and 75 ltc... somehow all had been frozen, but then 1 btc was unfrozen, now I was able to get it out, but there is still 2.5 btc and 75 ltc in there frozen. Anyone heard any stories about recovering frozen funds?
Perhaps a class action suit or some other threat could yield something?
Perhaps a class action suit or some other threat could yield something?
I just discovered a forgottwn vircurex account and found 3.5 btc and 75 ltc... somehow all had been frozen, but then 1 btc was unfrozen, now I was able to get it out, but there is still 2.5 btc and 75 ltc in there frozen. Anyone heard any stories about recovering frozen funds?
Perhaps a class action suit or some other threat could yield something?
Perhaps a class action suit or some other threat could yield something?
You can forget class action suit my friend. I also got some left in Vircurex.
Many people including me filled a class action suit in the US on another case and sofar nobody got any bitcoins back. Still waiting for my 120 BTC......
Out of interest... why is that? What is the problem?
I just discovered a forgottwn vircurex account and found 3.5 btc and 75 ltc... somehow all had been frozen, but then 1 btc was unfrozen, now I was able to get it out, but there is still 2.5 btc and 75 ltc in there frozen. Anyone heard any stories about recovering frozen funds?
Perhaps a class action suit or some other threat could yield something?
Perhaps a class action suit or some other threat could yield something?
You can forget class action suit my friend. I also got some left in Vircurex.
Many people including me filled a class action suit in the US on another case and sofar nobody got any bitcoins back. Still waiting for my 120 BTC......
I just discovered a forgottwn vircurex account and found 3.5 btc and 75 ltc... somehow all had been frozen, but then 1 btc was unfrozen, now I was able to get it out, but there is still 2.5 btc and 75 ltc in there frozen. Anyone heard any stories about recovering frozen funds?
Perhaps a class action suit or some other threat could yield something?
Perhaps a class action suit or some other threat could yield something?
currently they only seem to be allowing btc withdrawls.
so it's a great place to trade
so it's a great place to trade
Just has someone said, Never keep your coin in an exchange wallet, the is just the way cryptsy started.
Yes, especially when selling bitcoins to protect against a falling bitcoin price it would be better not having stored fiat on an exchange but instead exchanging the bitcoins to nubits, then holding them in your own nubits wallet. That way you know that you have exactly $100 in your wallet, or whatever the bitcoins were worth when they were sold.
@ SebastianJu, are trying to say that nubit offer the safest wallet, because i know that keeping your wallet on your desktop also have its own dis advantage.
In no way i say that their wallet is safer. I only say it is a high risk leaving coins or virtual fiat lying around on exchanges. They are a big target for hackers.
When you hold your wallet on your desktop then you can encrypt it, put it in file container, protect your pc, back the cointainer up on external harddiscs and in the cloud and safe your passwords in an encrypted password manager too.
I would trust that way more than an exchange that maybe even has owners with unknown identities.
Just has someone said, Never keep your coin in an exchange wallet, the is just the way cryptsy started.
Yes, especially when selling bitcoins to protect against a falling bitcoin price it would be better not having stored fiat on an exchange but instead exchanging the bitcoins to nubits, then holding them in your own nubits wallet. That way you know that you have exactly $100 in your wallet, or whatever the bitcoins were worth when they were sold.
@ SebastianJu, are trying to say that nubit offer the safest wallet, because i know that keeping your wallet on your desktop also have its own dis advantage.
Just has someone said, Never keep your coin in an exchange wallet, the is just the way cryptsy started.
Yes, especially when selling bitcoins to protect against a falling bitcoin price it would be better not having stored fiat on an exchange but instead exchanging the bitcoins to nubits, then holding them in your own nubits wallet. That way you know that you have exactly $100 in your wallet, or whatever the bitcoins were worth when they were sold.
I believe so, but unfortunately the new wave of users they gained during the 2014 scramble into crypto saw them able to get a new round of traders who were unaware of their history or figured they were a legit operation because they had absorbed the first loss. For Vircurex to recover now would require a huge volume of trading to be taking place daily and nobody is likely to be that naive as to consider it a worthwhile platform to trade on anymore.
So they have a history of being hacked when the wallets are full or what?
How convenient.One should ask why they did not learn what a cold wallet is then.
And it is bad enough to know that kumala is completely anonymous, as far as i learned.
Just has someone said, Never keep your coin in an exchange wallet, the is just the way cryptsy started.
I believe so, but unfortunately the new wave of users they gained during the 2014 scramble into crypto saw them able to get a new round of traders who were unaware of their history or figured they were a legit operation because they had absorbed the first loss. For Vircurex to recover now would require a huge volume of trading to be taking place daily and nobody is likely to be that naive as to consider it a worthwhile platform to trade on anymore.
TBH nobody should be using Vircurex at all. When they froze all the BTC and LTC balances it was done on the basis that they concocted this absurd justification for allowing a top-down/bottom-up repayment structure, which essentially saw a handful of whales all able to withdraw their funds and a ton of dust accounts which had probably already been forgotten/abandoned, with the rest of the average traders losing all of their BTC and LTC.
After posting a series of entries on their site claiming to have repaid small amounts of coins back to some accounts they stopped in August of 2014 and have only just recently updated with another post claiming some more has been repaid, probably to convince people who might still be using the site that they're still viable.
http://vircurex.com/welcome/ann_reserved.html
As you can see, the amounts being returned are clearly insufficient to make any real impact on the funds they owe.
After posting a series of entries on their site claiming to have repaid small amounts of coins back to some accounts they stopped in August of 2014 and have only just recently updated with another post claiming some more has been repaid, probably to convince people who might still be using the site that they're still viable.
http://vircurex.com/welcome/ann_reserved.html
Quote from: Vircurex Announcement page
Update 3rd January 2016
Payout to frozen accounts this month:
3.45 BTC
101.6 LTC
151,953.9 FTC
48,937 TRC
Total balances after the amounts have been distributed
BTC: 328 accounts with frozen amounts, total 1,666 BTC
FTC: 0 accounts with frozen amounts, total 0 FTC
LTC: 2162 accounts with frozen amounts, total 124,763 LTC
TRC: 39 accounts with frozen amounts, total 78,782 TRC
Payout to frozen accounts this month:
3.45 BTC
101.6 LTC
151,953.9 FTC
48,937 TRC
Total balances after the amounts have been distributed
BTC: 328 accounts with frozen amounts, total 1,666 BTC
FTC: 0 accounts with frozen amounts, total 0 FTC
LTC: 2162 accounts with frozen amounts, total 124,763 LTC
TRC: 39 accounts with frozen amounts, total 78,782 TRC
As you can see, the amounts being returned are clearly insufficient to make any real impact on the funds they owe.
Didn't know in detail that this happened. I guess they paid back the whales because they were the biggest threat to them of being sued. The small accounts would have not enough money to sue most probably.
And i wonder if the site makes enough profit or if the payback they did was all they could afford.
In 2013 they claimed nobody should worry since they will eat the loss. Was that another hack then?
TBH nobody should be using Vircurex at all. When they froze all the BTC and LTC balances it was done on the basis that they concocted this absurd justification for allowing a top-down/bottom-up repayment structure, which essentially saw a handful of whales all able to withdraw their funds and a ton of dust accounts which had probably already been forgotten/abandoned, with the rest of the average traders losing all of their BTC and LTC.
After posting a series of entries on their site claiming to have repaid small amounts of coins back to some accounts they stopped in August of 2014 and have only just recently updated with another post claiming some more has been repaid, probably to convince people who might still be using the site that they're still viable.
http://vircurex.com/welcome/ann_reserved.html
As you can see, the amounts being returned are clearly insufficient to make any real impact on the funds they owe.
After posting a series of entries on their site claiming to have repaid small amounts of coins back to some accounts they stopped in August of 2014 and have only just recently updated with another post claiming some more has been repaid, probably to convince people who might still be using the site that they're still viable.
http://vircurex.com/welcome/ann_reserved.html
Quote from: Vircurex Announcement page
Update 3rd January 2016
Payout to frozen accounts this month:
3.45 BTC
101.6 LTC
151,953.9 FTC
48,937 TRC
Total balances after the amounts have been distributed
BTC: 328 accounts with frozen amounts, total 1,666 BTC
FTC: 0 accounts with frozen amounts, total 0 FTC
LTC: 2162 accounts with frozen amounts, total 124,763 LTC
TRC: 39 accounts with frozen amounts, total 78,782 TRC
Payout to frozen accounts this month:
3.45 BTC
101.6 LTC
151,953.9 FTC
48,937 TRC
Total balances after the amounts have been distributed
BTC: 328 accounts with frozen amounts, total 1,666 BTC
FTC: 0 accounts with frozen amounts, total 0 FTC
LTC: 2162 accounts with frozen amounts, total 124,763 LTC
TRC: 39 accounts with frozen amounts, total 78,782 TRC
As you can see, the amounts being returned are clearly insufficient to make any real impact on the funds they owe.
The emails sending out the list of shareholders to the issuers daily are working but not the user emails that, for example, send out the confirmation links when a user wants to withdraw funds.
So the part of the platform that allows users to withdraw is no longer functioning? When it comes to trying to find out what is going on, I think you'll find you've already answered that question.
That refers to cryptostocks.com, which is owned by kumala, who owns vircurex too. And the email problem is only affecting some users who sat up the option of email confirmation for withdraws. I'm surprised i didn't make that setup but i'm happy since i could still withdraw because of that. At least when the exchange was online. It is not online now since some weeks again. This happened before a couple of times and kumala fixed it at least as far to make it online again. The email problem was not fixed though.
The good thing is that issuers can't pay out divs then too. So that the divs are not stuck on there.
But still, if vircurex is owned by the same you have to wonder what will happen with vircurex. Is kumala handling it the same way soon or what is the matter? I have read someone who withdrew his coins from vircurex now because he fears it is a problem that the same owner handles cryptostocks the way he does.
The emails sending out the list of shareholders to the issuers daily are working but not the user emails that, for example, send out the confirmation links when a user wants to withdraw funds.
So the part of the platform that allows users to withdraw is no longer functioning? When it comes to trying to find out what is going on, I think you'll find you've already answered that question.
Does vircurex has a service thread on bitcointalk? I tried to reach them through their support system but no answer.
I have read they got hacked in 2013 one time already though recovered it seems.
Since the owner kumala is the same owning cryptostocks.com i was wondering if i can reach him through vircurex since cryptostocks.com is down for 2 or 3 weeks now.
Cryptostocks has some problems, for example it doesn't repair the user emails. The emails sending out the list of shareholders to the issuers daily are working but not the user emails that, for example, send out the confirmation links when a user wants to withdraw funds. And now cs is fully down again.
Kumala should repair cryptostocks and when he doesn't want to proceed he would need to announce it and give everyone a month time to move away from cs. Then he could stop cs. But the way it is now is not good. It looks like he doesn't care about it anymore but this leaves the issuers and users with problems since the shares and bitcoins stay on the site unsolved.
I have read they got hacked in 2013 one time already though recovered it seems.
Since the owner kumala is the same owning cryptostocks.com i was wondering if i can reach him through vircurex since cryptostocks.com is down for 2 or 3 weeks now.
Cryptostocks has some problems, for example it doesn't repair the user emails. The emails sending out the list of shareholders to the issuers daily are working but not the user emails that, for example, send out the confirmation links when a user wants to withdraw funds. And now cs is fully down again.
Kumala should repair cryptostocks and when he doesn't want to proceed he would need to announce it and give everyone a month time to move away from cs. Then he could stop cs. But the way it is now is not good. It looks like he doesn't care about it anymore but this leaves the issuers and users with problems since the shares and bitcoins stay on the site unsolved.
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