Yep, real shame too. With 30MIL coins and a block reward of 10, this was one of the scarcest country coins and could of done some good for crypto. Greed is so stupid!

So true, every time I told them get out, you will be burnt, everyone was trowing rotten tomatoes at me an calling me names..

Cryptsy is the biggest alt-coin exchange site, so if SPA lists there, SPA will have more exposures and larger trade volumes, of course price will rise

Your mom is calling you for dinner... please grow up!

You are on the biggest gambling phenomenon ever invented!  Please act accordingly...  Don't force us to restrict it to 21y old +....

 

Earlier you told  people to sell at 11k and buy back at 5k which it never hit, when they could of held and sold now, lol stop making FUD predictions

This whole entire situation is just ridiculous. Coinex gets all of their coins stolen for a second time and people are mostly responding things like, "Thanks for the update" and "I love you Erundook, you're such an honest and sexy man" The fact Coinex have lost everyone's coins once, let alone twice should be enough of a warning that the exchange was being run by people more concerned with pocketing the profits off of transactions than they were concerned with paying someone else to audit their site.

And then there is the alarming admission by Erundook in the first few pages of this thread that Coinex have silently covered several losses on the site, presumably because of being hacked and failed to tell their own users the hacks took place. Does that sound like an exchange run by an honest guy?

The fact Erundook tried to erase himself from the Internet in a fit of panic also says a lot about his character. Why should people trust a word Vitaly says when his actions seem to indicate someone who is afraid to tell the truth.

Then a further admission they're working out how to cover all of the losses on the site, then asking people to buy Crypto stock which is the equivalent of saying, "Hey, we lost all of your coins, can you please help us buy spending more of your money so we can refund everyone the lost coins" — this is alarm bell #15.

The fact Erundook in the space of 1 month had a trade volume of over 150BTC on Localbitcoins is another alarm bell. He proclaims this is BTC he bought from fees collected and maybe he's telling the truth, that's a high trading volume for someone who had an account for one month, isn't it? The fact he created this account one month prior to the site being "hacked" also sets off more alarm bells.

And then you start talking of insurance for Bitcoin exchanges. How does that help the countless people who have lost real money on your exchange? Insurance can't help you after the fact and you know this. What happens when your grand schema Bitcoin insurer gets hacked and their Bitcoins are stolen as well? Who insures the insurer?

And to the people who seem to be okay with the stalling and lies, lack of action or explanation, you're making the situation worse. Money has been seemingly lost here and no matter who's fault it is, it is not okay. Saying things like, "Oh, thanks for the update", "Looking forward to seeing the exchange come back", "We trust you"

Coinex is not coming back. Some people if they're lucky might get their coins back and we all know if losses are covered, Bitcoin, Litecoin and maybe Dogecoin might be the only ones covered. Logistically, Erundook won't be able to recoup all lost cryptos.

Oh, and in case you're wondering Vitaly, I was the person who wrote the blog post that outed your public details of which you called FUD: http://ilikekillnerds.com/2014/03/looks-like-coinex-pw-might-have-been-hacked/ — in a sign of good faith and trust, I hid all of the details I found on you including a full-length photo you took of yourself I found.

Some questions you've failed to answer:

1. What coins were stolen? Was it just Bitcoin, or were all coins stolen?
2. What kind of security did you have in place to prevent this?
3. Why were all coins sitting in hot wallets?
4. How was the site hacked? you don't need to reveal detailed specifics, but simply saying it was an attack is not good enough. SQL injection, server compromise, phishing email, rogue employee?
5. How were all coins stolen so quickly?
6. If Crypto Stocks fail to bring in the required funds to cover the losses, what is the plan? Where is the money coming from to cover the losses?

I don't like the fact I had to go digging up details about your identity or anything of the sort, but you've failed to keep people updated, you've done very dishonest things and all you keep doing is stalling. All I did was give people piece of mind that you couldn't escape so easily, and if it weren't for my blog post, I fear you would have tried doing a runner.

If you do not release a plan this week like you promised, as I promised, I will permanently reinstate the details of the blog post. And this isn't a threat, it's delivering on a promise I made. "Next week" is slowing coming to a close and if there is no resolution or just another excuse, you can suffer whatever consequences may come your way.

All coins are down in price at the moment. Don't be such drama queens

When will they reopen ?

just saying looks like someone is trying to push the price down. buying his own APH with his own btc...

I've really wondered why the devs just don't fork the coin, reduce miner rewards and therefore increase price a bit. Or at the least, keep it stable. I'd think it'd make it much easier for Payu to convince the tribe to accept the coin, as well as build up a little infrastructure as far as merchants go.

Then I thought... maybe it doesn't matter as much as we think. If Payu can get the tribe to accept it, gets a ton of news coverage (like that CNN rumor), the price should shoot up on its own. And if they then change miner rewards, price would be stable at that high point, and the giveaway might actually be worth something. And as of right now, the devs can mine away themselves and stock up on tons of easy maza. I guess that could be one feasible explanation, maybe?

The other would simply be incompetence.

Good to see it now listed on there, 20th place at our price, big rise now will send greececoin easily within top 8 coins in terms of market cap. We also see a lot more interest from now

Looking good, pump incoming I would think

And once again, investors never listen.  Despite all the warning and pattern recognition, and learning from previous mistakes.  They still make the same mistakes and believe somehow things will be different 'this time.'

Man.  Hope ya'll got out while you could.  If you're still holding...you're going to be very, very, regretful each passing day praying for someone to come pump your investment back to the price you bought in at.  Newsflash: it ain't gonna happen.