Topic: Vircurex is now missing 5000 BTC - SCAM - Let's find KUMALA (Read 9045 times)

I totally am interested since I too am in a better place.

When would you like to start?

Dany

Hi All,

I've been speaking with a few different class action attorneys about Kumala and Vircurex. I have the groundwork in place for a class action lawsuit and would like to know who else here would be interested in participating? A few years ago when this happened I didn't have the money to do anything about it, however I've been fortunate enough to do well and I will pay out of my own pocket if I must to bring Kumala to justice.

Please feel free to DM me if you'd like to discuss or simply just want more information, we've already made some pretty interesting headway early on.

Best,

-Tim

Wow. This thread is more than a year old and the issue is still remaining unsolved and no reply from vircurex.

I agree, legal action is the best way to go.

Interestingly, the vircurex website is still operational and one still sees trades occurring every 12 hours or so.

Strange, I was just sent my "unlocked" BTC. Tracing back in the transactions shows these come from an address with 60 or more BTC in it last December.

I have ~14 BTC "frozen" He cheated in like everything

Scam absolutely, I have lost a little money on his website.

"running"?... .. yeah, it is still running... .. .

=squeak=

i have a ridicolous amount of scamcoins stored on vircurex but i haven't logged in since months; is it still running?

The WHOIS stuff you can probably get from GoDaddy. Not sure about CloudFlare or MS buckling.

The other starting point would be to check headers of emails received to see where they originate from, if you get an IP address of a server under his/their control it might be faster to approach whoever owns the netblock.

Hypothethically speaking....

VIRCUREX.com (the domain) is registered with GoDaddy Operating Company LLC.
The site uses DDoS protection by CloudFlare inc.
Support was provided via Microsoft Skype.

All of these are american companies.

All of them are in possession of identifying information
about the operators of Vircurex (Billing contacts, IP addresses).

Someone with sufficient stake in the matter could
go to a lawyer. Since this is a clear cut case of fraud,
in violation with a whole range of US Laws, it wouldn't
take the lawyer more than a form letter to obtain the
contact information that is stored with the above companies.
Total cost might be under $300 USD.

GoDaddy in particular _immediately_ releases the
contact information of a proxied domain when a legal process
is initiated against them, in order to protect themselves
from liability (cf. http://www.lacba.org/Files/LAL/Vol29No2/2249.pdf).

Much of the information to be obtained this way
could end up being fake, but there would be starting points.

And if the obtained information was to leak to the
internet by accident, starting points could turn into
real names and street addresses very quickly...

Hypothetically spoken.

Whoops, sorry. Thanks.

your link is broken you have to remove the "

I have reviewed the situation and updated Vircurex’s status. The review now reads F+: It’s Complicated. You can find it here.

I would like to point out, though, that my C+ review referred to Vircurex as ‘shady’ and pointed out the lack of profitability indicated in their previous years report, as well as the vagueness of their ownership and existence. You may want to read the article in addition to looking at the list.

Thanks for bringing the entirety of the situation to my attention.

some fucked up idiot even rated vircurex as C+ in this list:

http://theblogchain.com/bitcoin-exchange-reviews/

this is definatly a scam.

Thanks to whoever made an article out of this thread I opened after the last vircurex quarterly report.

http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/vircurex-an-exchange-that-stole-2-5-million-from-investors/#comment-12

Is it running? Like can you withdraw BTC, LTC etc?

finally someone summerized this up and made an article out of it!

FIND KUMALA! this guys has to be arrested and put in jail

I think a few months ago, or in 2011-2012 a few Bitcoins went missing from Vircurex, too. They've been acting funny for a long time.

Months ago, without doing all the analysis you have, I thought something was funny as Vircurex was almost randomly adding and subtracting trading alt coins.  Just like owner was trying to make a quick buck and not interested in long term sustainability.  So I pulled out and looks like it was a good move. 

Why of all the exchanges to monetize your Bitcoin would you pick vircurex? Bitstamp has a longer track record and much more better reviews than Vircurex.

Thank you for telling me that I am trying to make people FEEL worse.

To be clear I have never condoned people stealing nor scamming.

But I will call out people who cry when they get their money shafted from them when there was information in the public domain on why to stay away from vircurex. If you lost money or anyone else with this site you are to blame as there was enough information out there to give you reason to stay away.

Please cry more by trying to attempt to tell me what I am doing without first asking as opposed to assuming. Thanks 

lol yes blame the search function. Well then you have google to search then right?

Looks like you were being lazy before investing and sending coins to vircurex. Now I am sure (hopefully) you will not fail to do your homework.

kumala has still to explain where over 100k litecoin ended up. there's 100k litecoin missing compared to last year. he never gave any explanation, nobody but me is asking question.
where are all these coins?? is it outright theft from kumala? I want to know! people is going after the scumbags of coinmarket.io for a bunch of bitcoins, here there's almost 5000 bitcoin missing and no one says shit.

I've been pretty angry regarding what Kumala did but now I'm just heartbroken.  All I did was move some coins into Vircurex to trade them in late March and couldn't get them back.  Kumala claimed there was a technical error he was fixing but then he froze (stole) them.  He promised to make up his losses without affecting user accounts then went back on his word.  He claimed he was fixing a technical withdrawal issue and stole those funds too.  That second lie costs me a lot of money and heartache.  Here's why:

My autistic son will be graduating from high school in June.  It has been such a long journey for us and we are very proud he has made it.  My wife and I asked him what he wanted as a graduation gift and he said he'd like a cruise to Alaska.  Normally we could never afford that trip but I had enough cryptocurrency to just swing it.  I tried to trade the coins on Vircurex so I could monetize them.  Instead, Kumala stole them from me.  I've tried everything to get him to return them and he won't even respond to me.  Monday, I saw Kumala unfroze .00026808 LTC of my total of 450 LTCs.  I guess I was fooling myself thinking somehow I may get my coins but now I know I won't.  My wife recently cancelled our trip and today I told my son we can't go because someone stole the money. He was heartbroken and I was humiliated.  I'm now selling all of my mining equipment in the hope of raising some cash for a more modest trip.

I don't need sympathy and I certainly don't need people telling me it's my own fault for trading on Vircurex.  I just want people to know (especially Kumala) that what he did had real consequences for people.  Does Kumala realize when he steals people's coins it could effect their lives? 

I'm beyond upset now.  I'm heartbroken that he could be so callous as to steal people's wealth with no regard to how he is hurting them.

Don't listen to news reports that say they've covered their losses. As soon as something bad happens at an exchange, run away as fast as you can and don't look back.

I turned my Bitcoins into NMC when the first message came. I wasted actually no time. I think something like this happened to Vircurex one time? Somebody stole coins from the database? Whatever. I don't care. Hopefully no sane person is still using this site.

If somebody stole/hacked, they would've stolen EVERYTHING. Or at least everything. Not certain coins, amounts here and there.

Feel free to contact us if any of you like to start case in court against the scammers.
https://bitcointalksearch.org/topic/law-firm-offering-services-for-financial-and-bitcoin-problems-556208

don't worry

Just one idiot trying to make everyone feel worse than they already do

only 2 people are happy about this situation:

kumala and a moron like smoothie


he must be proud!!!

The search function on this site is crap, I have to use google with "site:bitcointalk.org". Had I come across the fractional reserve I would have chosen a different site. Obviously with hindsight I can see my due diligence wasn't sufficient but don't pretend like any idiot would have figured it out with an hour of research into the different altcoin exchanges. Stop playing the "suckers are idiots and therefore deserve it" card, it's like you are trying to justify the fraud. If it bugs you that people are upset for being intentionally misled, then don't come to this section of the form, we don't care to hear it and you're not helping anyone by mocking us.

I too wish he would explain that 125k amount missing.

As far as I know that is new losses and him not addressing this publicly and immediately says he has something to hide.

Welcome to the search function on each page of this forum (upper right hand corner).

Search vircurex and look through posts and you will find information. Of course if you are lazy then you wont find it.

It is all in the due diligence effort that nets you safety, knowledge, and wisdom.

Don't be lazy.

Hey guys, I have 130 Litecoins frozen on this site. I had the coins there for less than a day or two I was just beginning to trade there and this pretty much ended my bankroll for trading coins. Their support team has not replied to any of my emails.

Anything I can do to help, let me know. Can we report him to the government of whatever country he is located in? I am sure we can get to the bottom of this somehow.

kuamala hasn't explained the missing 125k... was anyone aware of such huge amount? all I can see from previous reports is 25k, if anyone has different information pls post it here

Don't blame yourself. You have lots of company. Just one, holier than thou, idiot trying to make everyone feel worse than they already do.

Why are people acting like it was painful obvious that vircurex was a problem? I didn't find it. I was able to dodge Mt.Gox but vircurex' fractional reserve isn't easy to find unless you're active on the forms around the time it happened, the news reports make it sound like they covered the losses. How was I suppose to know about these investor reports? Never turned up on any searches I made.

Talking to you is like talking to a wall.

If I called out kumala don't you think I tried to warn people by doing just that?

My comments here have value and if you see no value in them then that is your problem and I suggest you cry more. Lol

no you miss this point:

with this 3d, same as your in the past,  we want to warn community about kumala

but i prefer no one reply here rather than an useless reply like your

You miss the point that I have in the past called out Kumala when their exchange was hacked in 2013. No one responded and no one kept up the discussion.

The fact that I have called many scams out before they fell (BTCST, MTGOX, VIRCUREX) is USEFUL enough.

You forget one important fact, I do not have to do what you say. Hence why I will continue to post my "useless" comments as you say. Deal with it!. lol  


HARSH TRUTH: Anytime you send funds, coins, money to a 3rd party you accept the responsibility and risk that goes along with doing that. I.e. that you could lose EVERYTHING.

^ The above bolded comment is very very USEFUL. You should take it and run with it in the future. 

go fucking take care of you lousy dog you idiot

lol but you have time now to post here your useless comments

you don't understand and i repeat again this for you:


this 3d is an advice for new users to stay away from kumala activities


my btc are lost, but if you wanna clean this place from fucking scammer like kumala, support us with more information about kumala and stop your useless comments




this is usefull for the community!!

As much as you do not like my blunt personality, I do desire to hear from Kumala as much as you do on how these additional coins were lost.

1. Just because you failed to do your research on said hacked company is not my fault. You are an idiot for not doing so.

2. The reason I never kept a thread on top of this section is because I have more important things to do in my life like taking care of my own family etc.

3. LOL Even if I kept a thread at the top of this subforum people would have gotten scammed anyway. It isn't my job to protect and prevent EVERYONE from getting scammed.

4. It is YOUR responsibility to make sure you do not get scammed (if you do in fact not like people taking your money).  

5. Never did I say "I know it all". I thought it was just humorous that people still get caught by the mistake of NOT DOING THEIR DUE DILIGENCE BEFORE INVESTING AND TRADING WITH A 3RD PARTY.

HARSH TRUTH: Anytime you send funds, coins, money to a 3rd party you accept the responsibility and risk that goes along with doing that. I.e. that you could lose EVERYTHING.


As I said before, hopefully this event will serve a valuable lesson for the future.  

The difference is irrelevant. Anyone who knew of the Vircurex report in 2013 showing substantial losses should not have put a penny into their trading account with VIRCUREX. Period.

Not much of a useless lesson if I, for example, refused to use that exchange once the hack of 2013 happened and they were in the negative. LESSON THAT WAS USEFUL lol...

yep explain


[  ] new hack

[  ] kumala is a scammer

KUMALA answer these questions: how did you lose 100,000 ltc and 300 BTC in the last few months? where are they? why are they missing on top of the missing amount due the 2013 hack? has been there another HACK?? again???

I didn't know the exchange was operating on fractional reserve, otherwise I wouldn't have kept a single dime on it. Why all you fucking "I know it all" didn't open a thread and kept it on top of this section all the fucking time to inform the people and prevent this huge scam??

lol another useless lessons of life

do you know the difference between 2013 hack and 2014 scam?

 
anyway this  3d is a warning for new users about cryptostock and vircurex

Hopefully you wrote 3d like this in 2013

bad news for those who have lost coins here. i agree it looks more like scam all the time. very difficult top spot though, before i used vircurex often but luckily stopped some time ago.

and you guys didn't see this coming after the 2013 report he gave?

lol

unless you didn't do your due diligence you shouldn't have sent funds to that exchange.

Hopefully those who lost funds will learn from this mistake.

Yeah totally scam or incompetent or both, check this out too   https://bitcointalk.org/index.php?topic=88036.new#new

I noticed the discrepancy too. I'm convinced all the numbers are made up, he's just optimizing the scam potential. The company doesn't exist. Have you seen the pump and dumps on their cryptostocks site? What a joke, of the 5 or 6 I checked, 1 was verifiably fake, the rest were very suspicious/probably fake, and none with legitimate business registrations or anything that would indicate they were real.

The other thing is, a company or individual can't just withhold funds/property because they think it is the best move. They either negotiate or they declare bankruptcy, they can't say "woops, can't give you back your property, maybe you can get it in a year or never". If anyone could do what they are doing, then every company on earth would pull this stunt when they run out of money.

I totally agree that this liar and scoundrel must find ...

where are the people that have been scammed by kumala? 125k missing litecoins is a huge number! a total of 5000 missing BTC is crazy for such small exchange
where are you guys?
do you realize that at an average of 25 btc volume per day, and 0.2% fee on each leg of the trade, it's going to take 138 years to refund those money?
or even more since the scammer keeps paying interest on deposits out of trading fees:

+1

we need explain from kumala,

 without more information don't trade anymore with this exchange

i wanna found this scammer

any help with information about this guy is appreciate

lol in the meantime from vircurex website:

"We have taken the utmost care to provide you with a stable, performant and secure environment. Nevertheless, as part of our continuous improvement program"

well done idiot

the last Vircurex quarterly report was released by KUMALA, owner of vircurex whose identity is still unknown to many

I had a look at the numbers and they don't add up!!

in the May 2013 report he wrote:

The total losses of the security breach are
1454 BTC
225,263 TRC
23,400 LTC

and in the august report:

FTC double spend attack causing a loss of 150,000 FTC


but now this is what he writes:

BTC:
Number accounts with frozen balances 352
Total frozen amount 1,748.50 BTC
FTC
Number accounts with frozen balances 42
Total frozen amount 152,106.24 FTC
LTC
Number accounts with frozen balances 2625
Total frozen amount 125,883.05 LTC
TRC
Number accounts with frozen balances 77
Total frozen amount 127,835.98 TRC


so BTC were 1454 now are 1748 = 294 more
LTC were 23400 now are 125883 =  102483 more, total in btc at these prices 3184!
FTC more or less the same for equivalent 30 BTC
TRC were 225263 now are only 127835, so almost half of it, for an equivalent of about 38 btc

Total BTC missing: 1748+3184+30+38 = 5000 BTC

This is a scam, there's no further doubt about it! somehow he made disappear 2800 more BTC in the last months without saying anything.
I believe that at this stage and with no chance to recover any of those frozen funds, this guy needs to be identified.
Any help from the community to trace and report this guy to the authorities is top priority now. Let's find him.