So, is this exchage still viable?
I've been pretty angry regarding what Kumala did but now I'm just heartbroken. All I did was move some coins into Vircurex to trade them in late March and couldn't get them back. Kumala claimed there was a technical error he was fixing but then he froze (stole) them. He promised to make up his losses without affecting user accounts then went back on his word. He claimed he was fixing a technical withdrawal issue and stole those funds too. That second lie costs me a lot of money and heartache. Here's why:
My autistic son will be graduating from high school in June. It has been such a long journey for us and we are very proud he has made it. My wife and I asked him what he wanted as a graduation gift and he said he'd like a cruise to Alaska. Normally we could never afford that trip but I had enough cryptocurrency to just swing it. I tried to trade the coins on Vircurex so I could monetize them. Instead, Kumala stole them from me. I've tried everything to get him to return them and he won't even respond to me. Monday, I saw Kumala unfroze .00026808 LTC of my total of 450 LTCs. I guess I was fooling myself thinking somehow I may get my coins but now I know I won't. My wife recently cancelled our trip and today I told my son we can't go because someone stole the money. He was heartbroken and I was humiliated. I'm now selling all of my mining equipment in the hope of raising some cash for a more modest trip.
I don't need sympathy and I certainly don't need people telling me it's my own fault for trading on Vircurex. I just want people to know (especially Kumala) that what he did had real consequences for people. Does Kumala realize when he steals people's coins it could effect their lives?
I'm beyond upset now. I'm heartbroken that he could be so callous as to steal people's wealth with no regard to how he is hurting them.
Cheesehead I know how you feel, I have my mom and grandmothers coins in there. A total of 123.88 Litecoins, obviously it's not as much as yourself, but that's not the point, I too had just put them up and they were frozen and I lost money that belonged to the people I really care about most in the world. I am heartbroken as well.
I have been thinking a lot about this and what the correct course of action is.
Multiply the small fractions of Litecoins he is giving everyone and put that on a 20 BTC volume and its quite a big % of his profits, I agree he stole the money in the first place which is 100% wrong and in a perfect world we could hold him accountable but it appears that wont be an option, perhaps our best course of action is to conduct tiny trades with small amounts for smaller coins, such as doge and feather.
Consider the current facts, at the current btc volume on the site it will take 100 years to pay everyone back their losses, so two things can now happen,
1. Either the site will close and we will all lose our money entirely or
2. The site can generate more profit and either Kumala will start paying more back or he will steal it again at which point the site will probably be shut down instantly by everyone complaining that he did it again and the violent forum outburst that will surely ensue as a result of that.
But look, those are our only real options, either it closes and we lose or it regains its strength and he pays us back or we still lose cause he fucks us again.
...but he is paying back small amounts of the 20 BTC volume, so maybe its like, put yourself in the shoes of a Kumala for a sec,, this guys site got hacked, a million people want to find him, he has probably just had the worst month of his life and doesn't know how to fix it.
I don't know what to say or do I just want my 123.88 litecoins back. but i know it definitely will not happen if we all close Vircurex by telling people not to trade their anymore. As long as the site is running there is hope. and on an annual comparison Litecoins are cheap right now. so if the guy wanted too now would be a good time to try and pay back coins.
I just uploaded 5 ftc to the site. if he takes them he takes them and I guess I'm an idiot. but if not I will trade them for Doge and then send them to my Cryptsy account and I plan on doing this every couple days to try and help cause its the only way I can think of to do anything productive about this.