Topic: WARNING Cryptostocks.com INVESTORS SECURITY FLAW - page 2. (Read 17178 times)

To judge if a project is legitimate or not??

What about knowing where your money goes? Who are the people behind the project? Do they have a face, an adress or just talk. Where can you go when they run with your money, with only a email adress that nobody responds to? Decentalized doesn't mean that they don't need to show that they are for real.  You have the stuff that they are after...MONEY, BTC, WHATEVER.... so you need to make your rules.

Cryptostocks is a Scam. The owner (Kumala), nobody knows who he is, where he lives....is it a man or woman??? Also the owns Vircurex. Vircurex went public on it's own exchange (VCX).

He took the money from his clients and nobody knows where to find this person....

Now you judge.... would you spent your money on a project that is listed on Cryptostocks....knowing thathe is a scammer??

sorry i can not agree with you on this point.

no matter exchange platform or crypto-token stock platform, they are not forum like bitcointalk,org where warn you with '' caveat emptor''.

they are doing business by means of charging 2 or 1 bitcoin from project owners for listing.

people do business for money, but money is not everything that humanity in pursuit of.

It's the responsibility of the buyer to judge if a project is legitimate or not. Cryptos are decentralized, so there's no police to do the job for us, nor do Cryptostock have the ressource to do that. Beside, what could they do in this anonymous environment?

what you said sounds reasonable.

but problem is the scam project there, such as ALTSWAP or DIGIMINE. only stop trading is enough? how about the loss of investors?

cryptostock as platform has zero resposibility on these kind of shit? I doubt.

another problem is due to Vircurex problem recently as we all know.....

although i still trade small amount there rightnow but i already quit idea to list my project there.  

Trading on Cryptostocks seems less risky to me than trading on exchange, because most of the funds involved there are held by the projects creator. And if you invest with them, it's because you have good reasons to trust them. Even if Cryptostocks failed completely, the projects owners still have a way to contact you. Although, indeed, it's probably not a good idea to keep a lot of unused BTC there.

I think Cryptostock.com is not a qualified exchange as it did.
Such as the labcoin scam, when the BTC-TC closed , the community ask Sam to show some evidence that Labcoin is a real work.
But Sam did nothing, and Cryptostock.com just let it trade with no evidence.
When labcoin scam exposed, Cryptostock says nothing just stop the trading.
So trade in Cryptostock.com is a terrible idea.

Yeah, we need to find this guy and set an example for all the wannabe scammers....  Can't we get info from the hosting company ( GODADDY.COM ) 

Check out the developers log on Cryptostock.  Kumala posted regularly until Feb 1 - nothing since.
I'm curious, has anybody on this thread heard from Kumala in the last month?

BTW, Vircurex went public on it's own exchange (VCX).  Want to see how that's going?  Check out the link below.  Kumala got the scamming hat-trick.

https://bitcointalk.org/index.php?topic=140700.60

mark

I can personally attest to it.  When Kumala realized he couldn't repay his hacked funds, he allowed select people to retrieve their funds.  That dried up his wallet.  When he realized he needed more funds to make himself and his friends whole, he surreptitiously allowed traders to deposit and trade but generated an error when you tried to withdraw.  For almost a week, he encouraged trades then stole the funds under the guise of a technical error.  Those funds were then given to himself and his friends and accounts were frozen.

If you don't believe me, go ahead and contact him to ask about it.  He won't reply.  His last post on bitcointalk was almost a month ago.  Does that sound like someone still in the game?

I traded BTC for almost 450 LTCs on March 21st.  Kumala accepted my funds, allowed the trade, then generated a system error when I tried to retrieve them a few minutes later.  The total time my funds were on Vircurex was less than 45 minutes.  For people who traded during this time period, Kumala is not holding your coins - he stole them.  He took them knowing full well you would not get them back then gave them to insiders to protect himself.  I have reached out to Kumala both on this site and Vircurex and he's not replying.  I know he logs on every single day so he sees the messages.  The hacking problems with his accounts many months ago do not warrant criminal behavior on his part.

I am committing a total of 450 LTCs (the amount he stole from me) as bounties in order to get information about Vircurex and Kumala, specifically.  I already know some important things but want to learn as much as I can.  He can be held civilly liable, but more importanly, criminally liable.  

If you have any information that can help me prosecute Kumala (personal info, anecdotes, evidence), contact me and give me the nature of what you have.  We can then negotiate a bounty for the actual information.  I will eventually share everything I learn publically on this board.

If anyone wants to contribute their own bounty, let me know and I'll include you in the process.  I don't want your coins.  I'll just include your bounty information and you'll be responsible for delivering the bounty as you see fit.

Flying to Kumala's current location and knocking at his residence?  Yes, I am one of those guys.  My passport is in my top drawer and I'm ready to go.  Had Kumala intended on making good eventually, he wouldn't have stolen trade deposits to pay off himself and silence his friends.  

Please contact me ASAP with the nature of any information you think is valuable.

Well then please disclose it

I have the prove in my hands...

and have a look overhere:  https://bitcointalksearch.org/topic/m.5966415

You have been warned!!!

Nonsense. Being legit and collecting fees is way more profitable for them in the long term than stealing a few BTC and jeopardizing their reputation.

BE AWARE ..... CRYPTOSTOCKS.COM IS A SCAM!!!!!!

They are the owners of VIRCUREX.COM.

They took the money from the people who where trading there, they will do the same here!!!!

YOU HAVE BEEN WARNED!!!!!

Don't put your money in the hands of persons you don't know!!!

Setup a password pin on your phone for security

I was not use GA (I am afraid  losing my phone)
The hacker  changed my password.I don't know How could do it.
My email's password was not be changed, so I used my mail changed my cs's password.

Now I used GA.

the hacker is :

------------------------------------my email:

Dear voxblake2013,

You have withdrawn 485910.0 DVC to address 1BwEXLmnb2PvFH2shMCBwCCNubAyJBmBNV

Thanks for using Cryptostocks for your trading activities
Your Cryptostocks Team


----------------------------------------------------dvc block explorer
Balance: 16534240 DVC
Transactions in: 7
Received: 17020125 DVC
Transactions out: 1
Sent: 485885 DVC
Transactions

Transaction   Block   Approx. Time   Amount   Balance   Currency
b5c5f191ae...   129143   2014-03-10 11:05:57   1702236   1702236   DVC
c6408bb24a...   129145   2014-03-10 11:18:44   11999975   13702211   DVC
cbbcc92a0d...   129146   2014-03-10 11:26:48   655407   14357618   DVC
faccab74cf...   129146   2014-03-10 11:26:48   1407525   15765143   DVC
009abe623d...   129149   2014-03-10 11:58:45   605272   16370415   DVC
8de09a9aa4...   129149   2014-03-10 11:58:45   163825   16534240   DVC
3a4093d116...   129207   2014-03-10 23:20:37   485885   17020125   DVC
d207c8383e...   129260   2014-03-11 10:44:25   (485885)   16534240   DVC

Highest return in the industry... Can you multiply 0.04% by ZERO.

I'd be surprised if they'd have been removed at all. ALTSWAP and the gang are still there.

Another cancer. They've made 11 separate announcements since the 9th all basically saying "BUY ME, BUY ME!", I'm surprised they haven't been removed yet.