looks so, when maxcoin was launched he asked maxkeiser to let people know it would trade on coins-e.

It has happened again: Vircurex goxed its depositors. I posted a thread about this ongoing scam.

https://bitcointalk.org/index.php?topic=530306.0

I think there's an URGENT need on this forum: a section with ONE single thread dedicated to each existing exchange where people can cast (and prove) doubts regarding their suspicious activities.

this scams have to stop. we can stop them at the earliest sign of malevolent activity. many people could have saved their asses from being burnt on vircurex. vircurex was running with negative nav. in other words the shit was just waiting to hit the fan.

had it been a thread specifically dedicated to this exchange anyone could have checked the facts, namely their quarterly reports. I didn't even know they had issued shares and were running a negative NAV since last summer. never read a thread about them casting doubts about their allegedly (and proven) fractional reserve activities. there were a few, but hidden among thousands of sections and threads. I found them today, too late. fuck me.

many other exchanges have been withholding coins, not releasing withdrawals (coins-e, coinmarket.io etc). it's a fucking mess that has to be cleaned. I gently ask the moderators to open a section dedicated to the EXCHANGES so that anyone can go there and easily check under each EXCHANGE thread what's the latest news,

no more getting crazy looking for bits and pieces of information to be found randomly here and there.

fractional reserve has not right no exist, it's scam. ordinary banks are all scam, but thanks to the central banks they are able to unload their shit onto the taxpayers, don't let the scammers invade the crypto world, we can make their life impossibile. let's do it starting from here!

because with that sign they would go out of business. so they have to keep it down, but that's what this community should stand for: expose these scammers!
as I said there should have been a PINNED topic everywhere talking about vircurex situation. unfortunately only a few knew.

earlier I read a thread where someone was complaining at the beginning of march about the missing quarterly report, that should have raised questions, many questions. and that's probably why the situation collapsed. someone started the bank run.. and left other who didn't know as bagholders. we are screwed we won't ever see one ltc back from these thieves, unless they raise fresh new money to inject in the company.

fuck, this was a shit about to happen, should have read this thread before.. fuck me

I don't fucking care if I lose everything. It's all frozen and given the amount of fees that vircurex generates I'm not going to get any shit back ever.
With a negative NAV vircurex shares are WORTH a FUCKING ZIPPO. nothing. They have been worth NOTHING for months.
NO company should be allowed to work with negative NAV, it would be a scam!
If they want to gain back some trust raising capital is the first thing to do here.
KUMALA do you fucking understand this??
And with part of the fresh new capital refund FAIRLY and PROPORTIONALLY, (no bottom up and down distribution you assholes) at least 20-30% of the current depositors.
only way to get out of this mess
otherwise, fuck off... go to fucking hell and rot there for the rest of your life.

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

I opened a new thread summing up the situation. shame this happened
this shouldn' 'have happened.. this is fucking worse than GOX!!

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

this thread should have been pinned here and stayed at the top of the list since last august...
instead nothing. nothing of fucking nothing...
and it was all public:

I've just found this:

https://vircurex.com/Reports/2013-11.pdf

 they manage to go from -112 btc end of june to over -1000 at end of july
this was public, never read it... fuck... with these numbers keeping just 1 litecoin on that exchange was fucking insane
fuck me for not reading that,
unbelievable. fuck
also why didn't these fuckers cover some ltc last november at record lows?? they wrote in the november report

The decline in NAV is due to the price increase of the coins that we have an underrecovery in, primarily LTC

you idiot, buyiig some ltc back there at 0.008?
also they lost massively with the Aurumxchange’s Default as reported in the august report

https://vircurex.com/Reports/2013-08.pdf

and a theft of FTC too
SO TOTAL negative -1000BTC since last july
how the fuck can a company run with negative NAV?
they should have raised more capital or shut down business, in order to limit any losses on depositors.
what happened is totally criminal, and everybody should have been alerted of this, instead, even if I spend hours in here, this never came to my attention. I didn't know FUCK!

I mean vircurex is one of the oldest exchange, when I started there was vircurex and btc-e pretty much nothing else.
unfuckingbelievable... WHY THIS SITUATION WASN'T MADE PUBLIC everywhere??
should have been the first thread on many boards and pinned here to alert everyone: VIRCUREX HAS BEEN A ONGOING SCAM for months and nobody said SHIT!

VIRCUREX IS RUNNING WITH NEGATIVE NAV: BEWARE EVERYBODY... this thread should have been the top of the list here. TOP OF THE LIST.

I lost a lot in there. I got screwed. BIG TIME. FUCK
what did you lose??

don't you feel cheated? why nobody said anything about these fuckers?? why this thread wasn't here pinned at the top of the page??

also why didn't these fuckers cover some ltc last november at record lows?? they wrote in the november report

The decline in NAV is due to the price increase of the coins that we have an underrecovery in, primarily LTC


you idiot, buying some ltc back there at 0.008?

also they lost massively with the Aurumxchange’s Default as reported in the august report

https://vircurex.com/Reports/2013-08.pdf

and a theft of FTC too

SO TOTAL negative -1000BTC since long

how the fuck can a company run with negative NAV?
they should have raised more capital or shut down business, in order to limit any losses on depositors.

what happened is totally criminal, and everybody should have been alerted of this, instead, even if I spend hours in here, this never came to my attention. I didn't know FUCK!

I mean vircurex is one of the oldest exchange, when I started there was vircurex and btc-e pretty much nothing else.

unfuckingbelievable... WHY THIS SITUATION WASN'T MADE PUBLIC everywhere??

should have been the first thread on many boards:

VIRCUREX IS RUNNING WITH NEGATIVE NAV: BEWARE EVERYBODY

I've just found this:

https://vircurex.com/Reports/2013-11.pdf

how the fuck did they manage to go from -112 btc end of june to over -1000 at end of july??
this was public, never read it... fuck... with this numbers keeping just 1 litecoin on that exchange was fucking insane

fuck me for not reading that,
unbelievable. fuck

so it looks like there was not even a litecoin left in that scummy exchange. unbelievable.
why this motherfucker kept on going on fractional reserve instead of raising funds after the last heist?
he lost everything last may, shareholders wiped out, best thing to do was to raise fresh money and start from a sound financial position or close down with minimal damage.
he kept on screwing customers and depositors. crazy fuck

so there was no ltc left. looks like this is a fact now. if you had 1 ltc and it's frozen it proves the point.
.

i've got 1.03 btc withdrawal still pending, has been a week!

still nothing txid not found. 2.5 btc still pending

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.

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.

all frozen here. the distribution was done to hide the real % of holdings, which I assume to be like 1%. we are screwed.


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.

I believe they did that kind of distribution to hide the real remainings, which now I assume to be something like 5% of all the holdings, or less.

did anyone have something left as available or is everything frozen for everybody??

also why didn't these bastards raise capital? I know they raised money last year. What a single share of vircurex is worth? Zero?? Well dilute the capital and raise some more money to paypack the customers.