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mhps
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April 01, 2014, 05:30:35 AM
 #1001

Is there any movement of frozen funds to the unfrozen state at all?  Even fractional?

The payback plan was laid out in the initial announcement https://vircurex.com/welcome/ann_reserved.html
Everyone logged in on the 24th should see the announcement. However Vircurex should have given a notice where trasaction message is displayed.
I thought Kumala was being nice to allow unstolen types of coins to be withdrawn, instead of shutting all exists immediately.

BTC 1HxvAEC4nj37hyenz9DwsyrMMnkwzpbzno PPC PU6zS8RRBWP2UxhuRFengGsu8n4tEYB5xV XPM AJAgBpPjGQoL38mrtW91dVqhbMHqu25vfG
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Arbitrageur
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April 01, 2014, 06:23:41 AM
 #1002

I can only say Kumala is getting this all wrong:

- poor communication: wrong move
- privilege the first leaving the exchange: wrong
- distribute remaining coins unequally: wrong
- freeze 2014 people's account for something happened to may 2013 customers' account: wrong

What could Kumala do to rivitalise Vircurex.com?

- a restyling of the website
- a LTC <-> frozenLTC exchange, similar to bitcoinbuilder, allowing people to withdraw immediately
- include much more coins, with the pay-per-vote system
- redistribute new coins fairly, like poloniex is doing

I know some purists here can see as wrong to accept scam on-board, but better to have scam on-board then be a scam!

Kumala, wake up! And don't fly to Japan...


vircurex was running on negative NAV so you forget one thing: he absolutely needs to raise fresh new capital, part of which must be used for refunding a good portion of the frozen funds.
Arbitrageur
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April 01, 2014, 07:48:21 AM
 #1003

I hope Kumala bought some btc and ltc back at cheap prices, this might help refund the frozen coins.
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April 01, 2014, 07:50:19 PM
 #1004

I sent 2 e-mails about 10 days ago, then again same e-mails about 5 days ago. Still no answer, dead like a rock.
It support working on this exchange? Looks like admin of this exchange is completely unreliable and untrustworthy person now. Or maybe I can get comment on this?

BTW my questions to support were just about API, not about recent problems.
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April 01, 2014, 08:13:29 PM
 #1005

I sent 2 e-mails about 10 days ago, then again same e-mails about 5 days ago. Still no answer, dead like a rock.
It support working on this exchange? Looks like admin of this exchange is completely unreliable and untrustworthy person now. Or maybe I can get comment on this?

BTW my questions to support were just about API, not about recent problems.

I have tried to get a reply from customer "service" since the 3/19 - no answer.

Cryptography is one of the few things you can truly trust.
Arbitrageur
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April 01, 2014, 09:18:32 PM
 #1006

I don't know what the heck kumala is doing, maybe he run away with the loot and left the exchange on autopilot. to quote again:

Quote
- poor communication: wrong move
- privilege the first leaving the exchange: wrong
- distribute remaining coins unequally: wrong
- freeze 2014 people's account for something happened to may 2013 customers' account: wrong

What could Kumala do to rivitalise Vircurex.com?

here's what he should do in my opinion:

- raise fresh new capital, 1000 btc minimum to bring back the NAV > 0 (all coming from his pockets or from new partners/investors)
- disclose his identity, open a twitter account, launch a better support via skype
- unfreeze at least 50% of the coins unlawfully held, to be distributed in a fairly manner
- propose an incentive to trading for the depositors with frozen coins (half commission, or no commission at all, so they stick around and generate volume)
- stick to a full reserve, to be audited regularly
- include more coins, at least the top 15 as per market cap
- open an LTC market (for the likes as dogecoin, redd, tips, devcoin and so on)
- add the pay-per-vote system
- add trading vs USD and EUR

I believe this could restore confidence and bring back the daily turnover to at least 100 btc per day minimum.

Kumala, are you reading??

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April 02, 2014, 08:20:37 AM
 #1007


Kumala, are you reading??

Kumala is on "vacation", with the coins that he stole. Or should I say "He hacked his own site to run with the money"
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April 02, 2014, 01:18:00 PM
 #1008

The support is dead. No adding back on skype as well as no answering any email. BTC still frozen and no explanations. Vircurex scam is obvious.

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April 02, 2014, 01:40:10 PM
 #1009

Kumala Last Active:    March 28, 2014, 05:23:57 AM
Did he really abandoned his exchange and run away with money?
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April 02, 2014, 02:54:10 PM
 #1010

up

this is insane

hold depositors are frozen and kumala is  paying interest to new depositors


don't trade anymore with this fucking scammer!!!!!!

"il  lungo termine è una guida fallace per gli affari correnti: nel lungo termine saremo tutti morti"
Arbitrageur
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April 02, 2014, 04:47:21 PM
 #1011

Quote
here's what he should do in my opinion:

- raise fresh new capital, 1000 btc minimum to bring back the NAV > 0 (all coming from his pockets or from new partners/investors)
- disclose his identity, open a twitter account, launch a better support via skype
- unfreeze at least 50% of the coins unlawfully held, to be distributed in a fairly manner
- propose an incentive to trading for the depositors with frozen coins (half commission, or no commission at all, so they stick around and generate volume)
- stick to a full reserve, to be audited regularly
- include more coins, at least the top 15 as per market cap
- open an LTC market (for the likes as dogecoin, redd, tips, devcoin and so on)
- add the pay-per-vote system
- add trading vs USD and EUR

I believe this could restore confidence and bring back the daily turnover to at least 100 btc per day minimum.



I forgot: move to HK or singapore or somewhere else but away from China (apparently vircurex is based in Bejing) and add also Yuan trading (just like btc-e did two days ago).
Arbitrageur
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April 02, 2014, 06:40:56 PM
 #1012

kumala are you buying the lows?? come on, you are having the best chance in the last 4 months to buy the missing coins. you are a lucky boy! buy this crap and give them back to the rightfully owners.
Arbitrageur
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April 03, 2014, 12:03:00 PM
 #1013

up, this thread should be pinned at the top until kumala gives all the money back to the rightfully owners. speak to us kumala. have you bought the missing coins?
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April 03, 2014, 12:59:58 PM
 #1014

Just got an email from support, coins sent, and they're showing in the destination. I'm very slightly in shock!

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
TookDk
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April 03, 2014, 01:23:27 PM
 #1015

I am pretty shocked to, Today I got all of my coins too. Thanks a lot Vircurex, much appreciated Smiley

Cryptography is one of the few things you can truly trust.
EinsteiniumWisdom
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April 03, 2014, 02:19:29 PM
 #1016

Still don't have mine yet how many litecoins did you guys have in the account?
mdtspain
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April 03, 2014, 02:32:20 PM
 #1017

Just got an email from support, coins sent, and they're showing in the destination. I'm very slightly in shock!


You are all lucky guys!!!!

I have a new message on my homepage on Vircurex:


Frozen funds
Your account has frozen funds (the reason why you might not see all your coins in the balances). Please read this announcement about the details.


rokkyroad
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April 03, 2014, 03:19:34 PM
 #1018

Nothing here. I'm excited there is sign of life at Vircurex.
rnicoll
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April 03, 2014, 03:20:55 PM
 #1019

Still don't have mine yet how many litecoins did you guys have in the account?

I had 0.57BTC; I think he's doing a lot better for BTC than LTC right now, alas.

Edit: Should add, this was in a stuck withdrawal (so was neither frozen nor sent). I suspect frozen funds will be stuck through to late this month....

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
TookDk
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April 03, 2014, 03:23:40 PM
 #1020

I had 0.138 BTC stuck in a tx, they where released today and I also received an email from custommer service as well.

I had no LTC or other types of alts stuck at them.

Cryptography is one of the few things you can truly trust.
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