Bitcoin Forum

Let's try to map how much BTC we have frozen in Vircurex and post when and how much has been unfrozen.

When we get information about people having funds unfrozen, we can make better guesses about when others will have their funds unfrozen.

More info about the frozen funds here.
https://bitcointalk.org/index.php?topic=49383.msg5854634#msg5854634

-Lyddite

Was trying to withdraw my BTC on Wednesday (0.57842483 worth), when the system started showing issues at first. Withdrawal is still listed, but has no txID. If anyone has any idea what they're doing with such "in-between funds" I'd love to know. Beyond being screwed in terms of them seizing funds, haven't even been able to trade out to DOGE because the money's not in my account anyway, which is incredibly frustrating as I e-mailed that night, and on Friday emailed to ask them to cancel the withdrawal so I could trade across to Dogecoin anyway.

I guess the % reserve on btc is far less than on ltc. what do you think?

how many btc did they have? if gox had 750k, these guys might have had 1% of that number. probably something like 1000. what about ltc? 20k? don't think more than that.

they also postponed by 24hrs the deadline for setting up the frozen accounts. in my opinion they have done it for 2 reasons:

1) frenzy trading is generating so many fees they never see in their life (which is good for increasing the btc to reimburse).
2) possibly they are even selling the alt with a 50% profit on market price, (which can also contribute to increase their reserve)

Those numbers are likely much.. much higher, Arbitrageur.

And what about all the PoS generated coins they profited from ?

Anyhoo.. 0.23477751 BTC missing/frozen.

https://blockchain.info/address/15hpwsw7V55voV2ZrCvY8MXCVtzcafBdLR

ZERO

Same amount I had in Gox

Same amount I had in cavirtex

Intersango

Bitomat.pl

Flexcoin

The dope sites

Bitstamp

et al

Did you all get a warning? Did anyone explain that just because the bank website says the emt is not reversible is not reason to think you can accept such payments reliably? What about Dwolla? Did anyone explain the pitfalls? What about the inevitability of Gox operating at a fraction when they started bleeding for lawyer bills while fighting the FATF closing their French bank accounts? Or while bailing out the *ahem* hacked Bitomat?

The answer to this and many more questions about getting warned is a resounding YES. That you chose to ignore such warnings is evidence of the human condition I suppose.

Why have I quit warning? Would you continue when getting bashed, slandered and defamed for pointing out the realities? Wouldn't you just rather use your insight to your own advantage?

Good Luck!

And to the very few who did heed my warnings about fraud and reversible payments and about how banks are the natural enemy of private money, you are welcome and I am glad to see you all richer for it.

all frozen.

kumala should admit his mistake and restore a proportional distribution. that 50% bottom up and down is totally idiotic. how many people got something?? just those who counts nothing, and those who are too big. he basically left all those in the middle that can keep the exchange alive with a big fucking zero. I hope he reconsiders the distribution method. he needs to leave something to everybody in order for them to keep on working on his platform. otherwise it'll go down and everybody will be screwed.

10.99 btc all frozen.

1BTC all unfrozen, 40LTC all frozen

0.01795042 BTC, all unfrozen

I am happy to report that my BTC has been withdrawn after finally appearing on my account.

I am also very fortunate that this ordeal has only cost me 1.xx ANC.

Good luck everyone.

Glad I took the risk of trading out my 7 BTC for a 30% loss.  It likely would have been frozen like your 11 BTC.

Well, your only consolation is that you sold PPC at a premium.

 

3,4 bitcoins   and 2926 litecoins!!  my life savings! I am gutted :'(


didn't see a single coin back yet..

I hope Vircurex joins another exchange!  or will receive help, Vircurex has a great name that is for sure. Even after the hacks back in the day they came back and back!!   
I really wonder what happened why they lost my coins I deposited there!??    :'(      :'(       :'(

finally someone with a large holding, pretty much as much as I had.
I'm fucking angry, this shouldn't have happened

I opened a thread... this has been an ongoing scam for month.. and nobody said shit:

https://bitcointalk.org/index.php?topic=530306.msg5896911#msg5896911

So it looks like anyone between 3.4 and 10.99 BTC likely got everything frozen?  Is that correct?

I have 2.7 BTC there and it is still frozen. Someone with 1 BTC said he his/hers is not frozen. Anyone else with 1 or more BTC and that aren't frozen?

-Lyddite

Not sure I sold PPC at a premium if I never see any of the frozen BTC. If I don't see anything then I just got robbed. If I do see all of it back, I made like a 5-10% profit which is not even remotely worth this risk. There's just no reason for them to continue trading - and leave standing orders open - after they announce the freeze. When I placed those orders, it was with the understanding that I was buying withdrawable non-frozen bitcoins. I would have asked for a much higher price (or more likely not traded at all) if I were buying frozen bitcoins.

While it's reassuring to see people with small balances getting unfrozen, this does not seem at all like a fair way to repay balances. The fact is that some people get everything back while others (such as myself) may never seen even a fraction. I would be fine with 50% of the balances being paid bottom-up and the other 50% being paid proportionally, but as it is people in my situation are completely stuck.

Yeah, that is so true.
This is robbery at broad daylight, nothing less, fubar.

holyshit bro!! never have that many coins in an exchange

this is why i prefer and stick to P2P trades and exchanges!!! I feel bad for everyone ??? ??? ???

my freezes is 2.09BTC

You got almost 3000 LTC on the site and is still not paid in the top down distribution, so there must be a considerable number of people storing huge amount of LTC there...

https://vircurex.com/welcome/ann_reserved.html
Here the number of accounts with a frozen balance:
As of 25. March 2014:
BTC: 355 accounts
LTC: 1,563 accounts

Anyone know the total frozen balance of those 355 BTC accounts and 1565 LTC accounts?

They didn't have a single ltc, that why there's a huge difference between the frozen accounts in ltc and btc (BTC: 355 accounts, LTC: 1,563 accounts). I guess the total of Ltc frozen is something about 25k, that's what have been missing for months. as for the BTC, i believe it's another 300-400. BUt if Kumala can tell us more about these figures it'd be better. The quarter release that was supposed to be published at the end of february is still missing, isn't it?

ex gf of mine has 12.6 btc frozen in her account :(

your ex?

I suppose you guys are on good terms?

Next time perhaps storing coins on an insolvent exchange that has been known for about a year now wouldn't be the approach for storage.

yeah we are still on very good terms, never like to leave things on bad terms :)

I told her to take them out and put in paper wallet or brain wallet, was begging her to diversify into Peercoin to but no she sat them on the exchange till this happened and now can't do anything:(

If anyone gets any sign of some funds being unfrozen please post here so we all can see there is some progress if any.

Fuzzybear

the last Vircurex quarterly report (https://vircurex.com/Reports/2014-03.pdf) 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, it'll take something like 100 years at curren volumes.
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.

Man oh man these exchanges are doing a number on people and the community needs to work together to put a stop to these types of things happening over and over again. 

Follow a few of my commandments you will never be Goxed off again.


Thou shalt not leave more coins or fiat up on an exchange than thou is willing to lose.

After completing  trades, thou shalt remove all coins from the exchange.

If the coins cannot be removed thou shalt not send any more coins up to the exchange. The problem thou is having will be shared on forums all over the web until at which time the coins are returned.

If the serpent holding said coins offers thou a higher than normal price for just buying yet more coins that also cannot be removed. Turn your back and run from the serpent. Lest  thou  be turned into a pillar of salt.


If an offer is made for interest on coins held on an exchange. Remove all coins as fast as possible as the Fallen Angle is deceiving thou and others and is planning to pillage as much wealth as possible.         








 

I tried following these golden rules but I lost a bundle anyway.....

All I did was move some coins into Vircurex to trade them in late March and couldn't transfer them back.  The whole transaction should have taken a few minutes.  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.

Is any news for this scam?

Vircurex is still online and i still have 4 LTC frozen there...
3 years have passed wtf !!

Am i the only stupid which did not get refunded yet ?

I have over 2000 litecoins in there!!!  never seen a cent back !!!    please anyone!! help !!

They still have 250+ of my LTC Frozen

OMG you should try to find them.

I have 4.04 LTC frozen there

We can ask an investigation company. What do you suggest?

I have 12.85 BTC still frozen on Vircurex. Working with an attorney to get their address in order to file a lawsuit. They are either based in Belize of Beijing, not sure which. If I get a tangible address I will post it here for everyone.

Also, I was told one attorney sent a demand letter to their customer service email and after many messages they finally replied and released his funds (roughly 4 BTC) I don't know is this is true and I have no way to prove it.

If anyone has more information please feel free to reach out to me directly so we can combine our efforts. 330-518-0975 Tim

We should find out who this guy is and where he is.

Then we get to him together personally to get our money back....  "gently"

Don't expect the cops to help you, we better take justice into our own hands

This would be my approach. What do you think?

I have 68 LTC frozen for some years now.
Never seen anything back..

That currently a $25K+, Im just a normal person so this is a lot of money for me..

I will join any action to get our money back.

The first steps we should do:

1- find out at which company the Vircurex site was hosted

2- gently ask that company if they give us the IPs that the Vircurex owners used to access the hosting service, along with the personal information about them.
Maybe they are not motivated to give this us personal information , but we can pay them for that

Hi Lionel,

The Vircurex site is hosted by GoDaddy which is based in Arizona. In order to get that information released we would need to receive a warrant from a judge in the jurisdiction where that business is headquartered. However, registry information in regards to the website does not guarantee we'd receive information in regards to Kumala's whereabouts (Kumala is a user on this forum that owns Vircurex).... but it's a start.

On the Vircurex website they claim to be based in Belize however I believe this to be false (https://vircurex.com/welcome/terms). I recently contacted the business registry in Belize to see if they can confirm a registration for Vircurex so hopefully they get back to me soon. I believe the exchange is actually based in Beijing, which is good because China is cracking down on corrupt exchanges and they practice English Common Law. I currently have two different attorneys seeking counsel/advice from attorneys in China in regards to the best way to handle the situation. Rather than a class action or criminal lawsuit, we may be better served to file personal claims against the exchange. Class action would limit the amount of our money we got back and criminal charges would take a long time and the website would most likely just file bankruptcy.

I do not recommend any action in person against the owners of the exchange. That will only create more problems and could potentially prohibit you from recovering your funds. Here is my recommendation...

1. We need to band together in order to find a tangible address for where this exchange has headquartered itself. They must receive mail, bank statements, bills, etc. somewhere. Even if it's a PO BOX, we need an address so we can "serve" them the lawsuits that will be coming from us all. I encourage everyone, do some research, see what we can uncover on the internet. If you have any friends who may be private detectives or attorneys, ask for their advice or help. None of us are rich, we're the guys in the middle who are getting screwed over. This isn't a problem any of us can throw money at, so it's going to take hard work and patience.

2. Once I receive information back from the attorneys in Beijing I'm working with I will post all relevant information on a new thread on this forum. I'll drop the link here once that happens so everyone can easily find it. If I find an address I will be posting it here as well, this is no guarantee but like I said I'm doing everything within my power to make this happen.

3. If in 60 days I still have not made any progress then I will be hiring an attorney in Arizona to file a suit to retrieve hosting information from GoDaddy. This won't be incredibly expensive however it will be a little pricey. If anyone is interested in splitting that cost to help retrieve information then please DM me and we can figure out a safe way to invest together and guarantee no one is defrauded. I'm guessing that would cost roughly $3,000 give or take, so if we get ten people together that's only $300 a piece.

3. I hope Kumala still reads these threads. You've held our money for over three years, I'm sure you're living the life right now and don't have a care in the world. Just know... we are coming for you. No matter how many dead ends I hit I'm going to find you, and when I do I'm going to shout every piece of information I have from every platform I can find until everyone has had their fair shot at retrieving their funds from your criminal exchange.

Good job. Seems the right way.
So this Kumala guy was using this forum behind TOR ?

If not, we can ask the admins which IPs did he use

So far this forum/site has not responded well to private information requests, even in a criminal matter like this one.

I don't understand why you all are so lazy and afraid of beating someone in their face.

We can be many if we go there together. What do you fear?

These bastards will give us our money very quickly when there are physical consequences to them, trust me.

Just find out who they are and where is their residential address, and we get there.
What's the matter?

I'll drop you a private message since I know another victim with serious amount to be recovered.

Personally I wish you good luck on this case, it'd be great to see the responsible suffer at least.

Please remove yourself from this conversation altogether, idiotic comments like that can only hurt your chances (and possibly all our chances) of recovering funds. If we had an address for this person we'd use it to our advantage in a court of law and moving forward you will not be included in any information we recover.

what chances do you think there are of recovery? whether it was legitimately a hack or an exit scam, the money has been gone since 2014. it's openly been a fractional reserve since then, and as such, volume has been completely absent for over three years.

even if you could track down the owners, the money is long gone. the fact that you can't seem to find a legal address for service doesn't bode well either. my humble opinion: discovery and legal costs don't justify doing anything at this point.

Tshaw024: have you subpoena'd domains by proxy LLC and Cloudflare yet? They should have user IP access logs, and crucially, payment method details. Both firms on icann whois of vircurex.com. lawyers in the UK charge GBP 5000 for submitting Norwich Pharmacal orders, the UK equivalent to a subpoena. I'd be up for kicking in a few hundred bucks in support of further information disclosure from above named.

FYI:


I had a small amount of TRC (1900 worth about $600) there and it was indeed unfrozen.  Now if only I could get those BTC and LTC unlocked...