Bitcoin Forum

Alternate cryptocurrencies => Service Discussion (Altcoins) => Topic started by: tshaw on April 30, 2014, 06:35:22 PM



Title: Why the owners of Vircurex should be in jail...
Post by: tshaw on April 30, 2014, 06:35:22 PM
Aside from the ponzi scheme where they used their customers money to pay their own debt. They are now depositing .0003 BTC into my account every day to make up for the 13 BTC they took without my permission. If you can do 3rd grade math then you know it will only take 43,333 days for me to get my money back... or 118 years if you prefer a smaller number. These guys need to own up to their mismanagement of their exchange and deposit all of the BTC they took back into their customers accounts. 


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Joshuar on April 30, 2014, 08:14:49 PM
Wow, they should be fined and taken down as an exchange.

A list of Scamming exchanges should be made, so people know as to avoid them.

The best exchange's I've used so far have been, Cryptsy and Bitstamp.

I've heard stories of BTC-E having taken customers BTC, as well as many other exchanges getting hacked.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: tacotime on April 30, 2014, 08:17:52 PM
Wow, they should be fined and taken down as an exchange.

A list of Scamming exchanges should be made, so people know as to avoid them.

The best exchange's I've used so far have been, Cryptsy and Bitstamp.

I've heard stories of BTC-E having taken customers BTC, as well as many other exchanges getting hacked.

btc-e, i think it's unlikely. back when liberty reserve was around someone spoofed their api key for USD and imported $1b USD into the exchanged, dumped it into all the crypto markets, and ran off with everyone's BTC/LTC in buy orders.  People who lost cryptocoins were reimbursed by the exchange at their expense.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Joshuar on April 30, 2014, 08:45:32 PM
Wow, they should be fined and taken down as an exchange.

A list of Scamming exchanges should be made, so people know as to avoid them.

The best exchange's I've used so far have been, Cryptsy and Bitstamp.

I've heard stories of BTC-E having taken customers BTC, as well as many other exchanges getting hacked.

btc-e, i think it's unlikely. back when liberty reserve was around someone spoofed their api key for USD and imported $1b USD into the exchanged, dumped it into all the crypto markets, and ran off with everyone's BTC/LTC in buy orders.  People who lost cryptocoins were reimbursed by the exchange at their expense.

Oh ok, then I take that back about BTC-E.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: PereguineBerty on April 30, 2014, 09:11:37 PM
Totally off topic but Vircurex sounds like a cream you'd use to cure viral infections. Its name just doesn't conjure up an image of anything else.

It's akin to going to your doctor and being prescribed.....

Bitcoin: smear on your penis three times a day after meals.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Jcw188 on April 30, 2014, 09:13:13 PM
Well go ahead.  If you can locate the owners and have proof, I'm sure the authorities would investigate.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: 1Referee on April 30, 2014, 09:18:08 PM
Aside from the ponzi scheme where they used their customers money to pay their own debt. They are now depositing .0003 BTC into my account every day to make up for the 13 BTC they took without my permission. If you can do 3rd grade math then you know it will only take 43,333 days for me to get my money back... or 118 years if you prefer a smaller number. These guys need to own up to their mismanagement of their exchange and deposit all of the BTC they took back into their customers accounts.  

Sorry to hear man! Vircurex has quite a bit unhappy users.


@ Joshuar

BTC-E is 100% fair, they are not taking funds from users.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Wulfcastle on April 30, 2014, 09:22:27 PM
Aside from the ponzi scheme where they used their customers money to pay their own debt. They are now depositing .0003 BTC into my account every day to make up for the 13 BTC they took without my permission. If you can do 3rd grade math then you know it will only take 43,333 days for me to get my money back... or 118 years if you prefer a smaller number. These guys need to own up to their mismanagement of their exchange and deposit all of the BTC they took back into their customers accounts.  

That's really bad to hear man. Was that all of your BTC?


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Gabri on April 30, 2014, 09:29:38 PM
Wow, they should be fined and taken down as an exchange.

A list of Scamming exchanges should be made, so people know as to avoid them.

The best exchange's I've used so far have been, Cryptsy and Bitstamp.

I've heard stories of BTC-E having taken customers BTC, as well as many other exchanges getting hacked.

btc-e, i think it's unlikely. back when liberty reserve was around someone spoofed their api key for USD and imported $1b USD into the exchanged, dumped it into all the crypto markets, and ran off with everyone's BTC/LTC in buy orders.  People who lost cryptocoins were reimbursed by the exchange at their expense.

Oh ok, then I take that back about BTC-E.

Don't take it back. Me and many others have had problems with BTC-E. One day I woke up and I couldn't withdraw. They told me I had more coins than what I should. Funny thing is I had supposedly an inbalance of 6 BTC in my account and back at that time I never had more than 0,2 BTC so I don't know how I could owe 6. They were sending me emails that my account was working perfectly, I just had to fill the debt (6 BTC!!). Obviously I never used it again.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: omahapoker on April 30, 2014, 10:21:40 PM
mintpal has always been good to me


Title: Re: Why the owners of Vircurex should be in jail...
Post by: galbros on April 30, 2014, 10:29:03 PM
I was lucky and only lost 1 litecoin to those guys but I agree their behavior has been very disappointing.  So far I haven't gotten any credit back.  Since they are relying on trading fees to repay past balances and anyone would be crazy to trade with them I'm not too optimistic about either one of us getting our coins back.

I'm sorry you lost coins.

Good Luck.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Tali1978 on April 30, 2014, 10:34:46 PM
i'm only a newbie and just trying to get a feel for exchanges, feel like there seems to be bad story for every exchange out there  :-[


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Swordsoffreedom on April 30, 2014, 10:47:02 PM
Yah getting back your debt from them will take eons my condolences for your loss


Title: Re: Why the owners of Vircurex should be in jail...
Post by: D05GTO on April 30, 2014, 10:56:01 PM
People only notice the bad exchanges because of all the hype with them.. Just look at Polo and C-cex.  Still going even though they suck.   No problems with BTC-e but just something about how anonymous it is keeps me away.  Like I'd let some anonymous place hold my money.. yeah sure.. not hardly.     Only ones I really have some type of faith in is Coinbase--not an exchange but can buy/sell BTC there and Atomic-Trade.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: omahapoker on May 01, 2014, 12:53:43 AM
industry will weed out the bad apples


Title: Re: Why the owners of Vircurex should be in jail...
Post by: nextgencoin on May 01, 2014, 01:34:19 AM
For all the criticism Crypsty gets it's one of the only exchanges I know that shows the owners identity and has a physical location. Without that you are basically trusting someone you don't know like a random person on a forum with your money. Yeah they could have a good reputation but say they did lose a large amount of money that they couldn't possibly pay back then they have all the motivation in the world to disappear without paying you back.

Of course this is also why we need decentralised trading like second gen coins NXT, Qora and Etherium etc.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: tshaw on May 01, 2014, 01:46:23 PM
Yup, that was all my BTC   :-\


Title: Re: Why the owners of Vircurex should be in jail...
Post by: miger133 on May 01, 2014, 02:16:02 PM
For all the criticism Crypsty gets it's one of the only exchanges I know that shows the owners identity and has a physical location. Without that you are basically trusting someone you don't know like a random person on a forum with your money. Yeah they could have a good reputation but say they did lose a large amount of money that they couldn't possibly pay back then they have all the motivation in the world to disappear without paying you back.

Of course this is also why we need decentralised trading like second gen coins NXT, Qora and Etherium etc.

I can't agree you more.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Swordsoffreedom on May 07, 2014, 04:57:05 AM
Surprised the site is still running though and says it pays interests on balances even though the funds are frozen


Title: Re: Why the owners of Vircurex should be in jail...
Post by: smoothie on May 07, 2014, 07:59:07 AM
Totally off topic but Vircurex sounds like a cream you'd use to cure viral infections. Its name just doesn't conjure up an image of anything else.

It's akin to going to your doctor and being prescribed.....

Bitcoin: smear on your penis three times a day after meals.


Now this ^ is funny.

Have to agree here not sure what they were thinking when coming up with a name. ;D ;D ;D


Title: Re: Why the owners of Vircurex should be in jail...
Post by: iGotSpots on May 07, 2014, 08:00:59 AM
Totally off topic but Vircurex sounds like a cream you'd use to cure viral infections. Its name just doesn't conjure up an image of anything else.

It's akin to going to your doctor and being prescribed.....

Bitcoin: smear on your penis three times a day after meals.


Now this ^ is funny.

Have to agree here not sure what they were thinking when coming up with a name. ;D ;D ;D

Virtual Currency Exchange I'm guessing. I actually like the name if that's what they were going for


Title: Re: Why the owners of Vircurex should be in jail...
Post by: atoni on May 07, 2014, 08:10:44 AM
Exchange that is the longest in business without any problem is The Rock Exchange. They are small but have gotten through a lot of things since 2007 when they started in Second Life.


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Joshuar on May 07, 2014, 12:26:17 PM
Totally off topic but Vircurex sounds like a cream you'd use to cure viral infections. Its name just doesn't conjure up an image of anything else.

It's akin to going to your doctor and being prescribed.....

Bitcoin: smear on your penis three times a day after meals.


Now this ^ is funny.

Have to agree here not sure what they were thinking when coming up with a name. ;D ;D ;D

Virtual Currency Exchange I'm guessing. I actually like the name if that's what they were going for

I agree, vircurex does have a peculiar name, even if they made it off, "Virtual Currency Exchange", the name reeks of ointment/prescribed cream :P


Title: Re: Why the owners of Vircurex should be in jail...
Post by: BitCoinsLOL on May 07, 2014, 12:31:46 PM
industry will weed out the bad apples

What industry would that be a regulated one?


Title: Re: Why the owners of Vircurex should be in jail...
Post by: monsterer on May 07, 2014, 02:12:50 PM
Reviews can help people weed out the bad apples, that's why I created http://website-review.info/

There isn't yet a review for Vircurex, so feel free to add one! :)


Title: Re: Why the owners of Vircurex should be in jail...
Post by: BittBurger on June 11, 2017, 08:05:00 PM
Vircurex basically stole $10,000 worth of Litecoin from a friend of mine when they went 'temporarily insovent' several years ago.  Promising to pay everyone back - and never did.  Their repayment schedule (still owing massive amounts of money) has not been updated since 2014, and was removed from the site soon after. 


Title: Re: Why the owners of Vircurex should be in jail...
Post by: Spoetnik on June 11, 2017, 10:30:57 PM
They all run their own shady BS for profits and make billions.
They should be in jail.. for that name  :D

EDIT:
@iGotSpots
Ahh shit LOL i never thought of that.. ya maybe eh ?