Vault of Satoshi - New Exchange

[BIGMERVE]

Did they take the bittcoin favicon from bitcointalk? They both look the same in my tab bar.

<edit> Also, nice site, but don't you think requiring people to send PGP encrypted email may be a little overboard? No other exchange requires this. Why not just implement a simple upload feature on the site for verification documents?

A lot of sites use that favicon.

[1715152988]

1715152988

[1715152988]

1715152988

[1715152988]

1715152988

[MikeXBT]

I was under the impression that they had a dozen convenient deposit options such as Interac and transfer to BMO? On their deposit page, I only see:

"Deposit Money
We currently support certified checks and wire transfers.
Alternativly you can always transfer in Bitcoin, Litecoin or Peercoin and have your order filled in USD."

Do I need to contact them in order to have the other deposit options unlocked, or were they removed?

[phillipsjk]

I tried to sign up, only to discover that their contact information is incorrect:

Operated by Global CryptoCurrency Solutions Inc.
300 Colborne Street West,
PO Box 25098 West Brantford,
Brantford, Ontario
Canada, N3T 1L0

That appears to be two distinct addresses smashed together.

According to Canada Post

An address within
N3T 1L0

Find an Address
The postal code cannot be found

We found 0 results. Please check your data and edit to make changes.

Results from the Postal Code look-ups for the two apparent addresses:

Code:

300 COLBORNE ST W
BRANTFORD ON  N3T 1M2

PO Box 25098 RPO WEST BRANTFORD
BRANTFORD ON  N3T 6K5

Will be pulling the corporate registration next week (costs less than sending them money).
Edit: Done. results:
STATEMENT OF NO MATCH FOUND
Needless to say, I won't be doing business with them until they can produce a copy of their Corporate registration. If they did not claim to be incorporated, this would not be a requirement.

Update: Second search attempt failed:
Invalid fields, Third attempt, Fourth attempt.

[btcto]

That is our mailing address, and Inc. should be Incorporated. Look us up by corporate number #002369690

[Davyd05]

That is our mailing address, and Inc. should be Incorporated. Look us up by corporate number #002369690

doesn't bring any results up. the corporate numbers are also 7 digits not 9 ( if its a federal corp) however no clue how to search provincially without paying money which seems backwards,..the only number that can be entered for this length is a Business Number which you enter 9 of 15 numbers in the search.

I am surprised its this difficult to find this information

[ninjaboon]

How trustworthy is this exchange?
I might sell PPC on it.

[phillipsjk]

I was hoping they would be successful, but they have so far refused to fix their contact information. For some reason, they want to avoid telling people to mail stuff to an obvious P.O. Box (so they disguised the real address with a fake address).

After that red flag, I tried to get a copy of their corporate registration (which should have their actual address). They do not appear to be registered in the Province of Ontario. I used this service for the look-up. I have not done too many such look-ups in the past, so I may have missed something. That is two red flags.

I am not ready to yell "scam!" just yet though.

[wc4482]

I was hoping they would be successful, but they have so far refused to fix their contact information. For some reason, they want to avoid telling people to mail stuff to an obvious P.O. Box (so they disguised the real address with a fake address).

After that red flag, I tried to get a copy of their corporate registration (which should have their actual address). They do not appear to be registered in the Province of Ontario. I used this service for the look-up. I have not done too many such look-ups in the past, so I may have missed something. That is two red flags.

I am not ready to yell "scam!" just yet though.

Thank you for your investigations. Keep us posted!

I've been looking for an exchange that has reliable uptime. CampBX is having some issues... so a little competition is never a bad thing.

[Hueristic]

 

[adaseb]

Yes does anybody here actually use these guys. I got one of my documents rejected because I blanked out balances and account numbers.

Seems like an identity scam website.

[BTCetera]

While I'm certain that VoS is legit, as they are backed by real people, and have a solid platform, I cannot get a hold of customer service. Emailed them twice, 10 days later still no reply.

Too bad.

[btbrae]

So uh... any guesses as to why it's called Vault of Satoshi? Is it...

a) The CEO will disappear suddenly.
b) Once Bitcoins are deposited they remain in statis whilst people speculate on the reemergence of the CEO.
c) They are hoping to collect 1.5 million BTC.
d) The CEO is actually Satoshi.
e) They cracked the password to Satoshi's BTC and want everybody to share the spoils.
f) Something else.... ?

[12gaFacelift]

I trade over 10 000$cad each month and on all that i only convert under 1000$, the exchange i use never ask to me other information than bank account name and bank account info for the deposit. ID to exchange under 5000$ is not needed in Canada, and to be honest i will not give my ID to someone who want to exchange my BTC to cad only because he say its the law.

[bananas]

it is clearly run by kiddies, stay away

[bitcoinminer]

<double facepalm>

Are people really this stupid?

[C10H15N]

Unfortunately, their inability (or refusal) to comply with FIN-2013-G001 makes them useless as an exchange to the world's largest economy.   

[eyebuyyourcoinz]

VoS recently announced they'd be doing an IAMA on reddit today at 13:00 EST/10:00 PST, probably to convince new participants to join them.
However if you try to sign up or log in, they show these errors:
SIGNUP TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)
LOGIN TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)

Announcement from their PR guy on reddit (effected should be affected):

This morning it was brought to our attention that there is a current bug with openssl that has lead to vulnerabilities in the Cryptocurrency community. While we at Vault of Satoshi are not directly effected on any of our primary servers, a third-party load balancing server could be effected. For this reason we have chosen to proactively suspend all sign access today and have contacted our third-party provider in order to get this matter resolved with the utmost haste.

We assure users that this matter is only temporary measure, that all accounts and balances are currently secure and we will be in constant communication with our provider in getting this matter resolved. Trading will be resumed as soon as the third-party updates the system software; it was not an easy decision for us to make but we would never want to take a risk with your assets.

If you have any questions feel free to reach out to our support team - we hope to be back with you shortly.

[clownius]

VoS recently announced they'd be doing an IAMA on reddit today at 13:00 EST/10:00 PST, probably to convince new participants to join them.
However if you try to sign up or log in, they show these errors:
SIGNUP TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)
LOGIN TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)

Announcement from their PR guy on reddit (effected should be affected):

This morning it was brought to our attention that there is a current bug with openssl that has lead to vulnerabilities in the Cryptocurrency community. While we at Vault of Satoshi are not directly effected on any of our primary servers, a third-party load balancing server could be effected. For this reason we have chosen to proactively suspend all sign access today and have contacted our third-party provider in order to get this matter resolved with the utmost haste.

We assure users that this matter is only temporary measure, that all accounts and balances are currently secure and we will be in constant communication with our provider in getting this matter resolved. Trading will be resumed as soon as the third-party updates the system software; it was not an easy decision for us to make but we would never want to take a risk with your assets.

If you have any questions feel free to reach out to our support team - we hope to be back with you shortly.

Does someone here know more about this current bug with OpenSSL that has lead to vulnerabilities in the Cryptocurrency community?

Its not just the crypto-currency community.  Its basically any website that uses SSL of any sort.  Like the entire Internet.  Heck most servers have some sort of remote management which uses SSL of some sort to encrypt things.

http://heartbleed.com/

By my basic understanding with enough patience someone could basically read the servers RAM and pull the crypto-keys from that.  With that they could in theory log into remote management on the server and do whatever.  That or sit there reading all the encrypted traffic (so your username and password for example). If i was an exchange i would have shit myself when this news dropped and checked hot and cold wallets immediately.  

Wont be surprised if at least one exchange has either been hacked and lost at least their hot wallet or just claims so to pocket a bunch of customer funds.  Bail-ins are a bitcoin tradition now so what better reason then a major SSL flaw.