Give me a break. What "insiders" have said this? How would CAVIRTEX have this information yet other companies don't?

We do have a terrible, autocratic government right now that rules by fiat (no pun), so I guess anything is possible. Plus CAVIRTEX did talk in front of Parliament, so perhaps a source they met there informed them.

Shit, now you have me worried.

I couldn't believe anyone took this seriously in the first place... the fact that there are still some people willing to buy these ponzicoins for $.9 is absolutely incomprehensible. There are still a bunch of people on hashtalk who don't realize that this was a scam from day one. It really is like Jonestown over there.

Does anyone know where we can read more about CAVIRTEX's IPO and all that?




Agreed!

https://bitcointalk.org/index.php?topic=959486.0

In fact, aren't there laws that say that corporations have to act in the best interest of their shareholders?

Obviously shutting down like this is not in their best interest. There have already been offers to purchase the company.

Since CAVIRTEX was not 100% privately held, don't the officers of the corporation have a legal responsibility to act in the best interest of the shareholders?

cointrader guys are trustworthy, and they have a physical location + bitcoin ATM in BC. Too bad the volume and withdrawal options are terrible. Hopefully they'll step up their game.

Something else?

I am just in shock. CAVIRTEX has been the best exchange I've ever used by far.

Extremely reliable for years straight... not exactly what most of us expect from medium size Bitcoin businesses.

I will have to try Quadriga and Cointraders. I trust the guys behind Cointraders but they have a tiny volume and very limited withdraw methods. I have no idea who the team behind Quadriga is so as of yet I obviously don't trust them.

I still can't believe that I will stop getting my super quick withdrawls to my VIRTEX debit cards (7 days a week!).

Very sad day for Canadian Bitcoiners.

I have to assume there is more to this story than they are willing/able to let on. They have a very loyal base of users who would keep using them after a data breach... especially one that didn't cost any money!

If I had to guess I would say this is somehow related to government involvement and CAVIRTEX would rather shut down than comply with what they gov is insisting they do to their customers.

No way a successful, multiple years old company would decide within 48 hours to completely fold because of a partially compromised database.

Could it have something to do with their public share offering? I didn't invest or pay much attention to that situation but from what I gather things went fairly bad and the original plan had to be drastically changed.