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FrictionlessCoin
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March 24, 2014, 07:12:20 PM
 #881

From the May 2013 report:

The total losses of the security breach are
1454 BTC
225,263 TRC
23,400 LTC

That's a lot of BTC and LTC that's going to get confiscated!

“Here’s to the greedy ones. The conformists. The fatcats. The soft-fascists. The chisels forcing all the pegs to fit in the square holes. The ones who will make you see things their way. They make the rules. And they protect the status quo. You can support them, cooperate with them, worship or fanboy around them. About the only thing you can’t do is compete with them. Because they run things. They keep the human race in line.” – Apple, Inc. (translated into plain English from sloganese)
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Arbitrageur
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March 24, 2014, 07:33:24 PM
 #882

from: https://bitcointalk.org/index.php?topic=226366.0

By definition of book value, if Vircurex was shut down at the end of May, and everything got liquidated, shareholders will be left with -102.33 BTC.

and that was at the end of may.
in theory that loss would concern the shareholders only. funds gone... shareholders wiped out. customer deposits replaced with company capital (2149.7705 btc at that time).

net loss 102 btc and something, just a mere 10% of total holdings at that time.

so how is that possible that now he's stopped withdrawals? did the deficit grow larger instead of being filled?
it's all so fishy!

with all the fees collected in these months the 102 btc deficit should have been totally recovered. clients deposits should be fully accounted for. instead the shareholders value would be approximately zero, because of the hack perpetrated in may. so why has this happened?



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March 24, 2014, 07:40:38 PM
 #883

From the May 2013 report:

The total losses of the security breach are
1454 BTC
225,263 TRC
23,400 LTC

That's a lot of BTC and LTC that's going to get confiscated!

People should have gotten out then. They said at the time it would take 9 to 12 months to recover that, and then they cut their fees.

They should have assessed the situation right then, instead they tried to go fractional and didn't make it, fucking over more people in the process.
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March 24, 2014, 07:47:41 PM
 #884

From the May 2013 report:

The total losses of the security breach are
1454 BTC
225,263 TRC
23,400 LTC

That's a lot of BTC and LTC that's going to get confiscated!

People should have gotten out then. They said at the time it would take 9 to 12 months to recover that, and then they cut their fees.

They should have assessed the situation right then, instead they tried to go fractional and didn't make it, fucking over more people in the process.

Unfortunately _now_ is when I'm finding out they lost that much Bitcoin, having started trading in January this year.


Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
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March 24, 2014, 08:05:24 PM
 #885

I don't know how they're claiming to be anything but a bunch of dirty scumbag thieves.

About two hours after they announced this, I made the mistake of depositing around 5 BTC to Vircurex.  There was not a single notice, warning or any other notification anywhere on the login, deposit, or trading pages.  Even checked the FAQ about deposit times, no warnings in there either.  They created a new deposit address for me, please deposit away!  Because I don't sit researching crypto news 24/7 I had no idea.

Then the money never shows up, I go researching, and see they've made this announcement, just not put any warnings on their own site (I did find an announcements page after the fact, but you have to look for it).

They've said customer deposits just won't be credited?  Then in the same statement they say future deposits won't be affected?

? ? ? ? ? ? ? ? ? ? ?

Well that's almost 3 grand down the tube for me.  After Gox as well - is anyone else getting sick of this?  I'm seriously considering starting a bounty on the heads of these exchange guys.  NOTHING ILLEGAL - just a bounty to use all LEGAL (common law) means to bring these guys to task for the money they are stealing.  Mark 'finds' quarter of a million bitcoins?  Vircurex take a new customers deposit and give it to old customers?  It's our own fault as a community - I genuinely believe that - we have no 'teeth' & are all so concerned with making the next dollar that we allow people to manipulate and steal from us without making any effort to ensure those party to these things take responsibility for their actions.

Crypto will die because of these guys - and we all bear just as much responsibility for allowing it to happen.

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March 24, 2014, 08:15:25 PM
 #886

I don't know how they're claiming to be anything but a bunch of dirty scumbag thieves.

About two hours after they announced this, I made the mistake of depositing around 5 BTC to Vircurex.  There was not a single notice, warning or any other notification anywhere on the login, deposit, or trading pages.  Even checked the FAQ about deposit times, no warnings in there either.  They created a new deposit address for me, please deposit away!  Because I don't sit researching crypto news 24/7 I had no idea.

Then the money never shows up, I go researching, and see they've made this announcement, just not put any warnings on their own site (I did find an announcements page after the fact, but you have to look for it).

They've said customer deposits just won't be credited?  Then in the same statement they say future deposits won't be affected?

? ? ? ? ? ? ? ? ? ? ?

Well that's almost 3 grand down the tube for me.  After Gox as well - is anyone else getting sick of this?  I'm seriously considering starting a bounty on the heads of these exchange guys.  NOTHING ILLEGAL - just a bounty to use all LEGAL (common law) means to bring these guys to task for the money they are stealing.  Mark 'finds' quarter of a million bitcoins?  Vircurex take a new customers deposit and give it to old customers?  It's our own fault as a community - I genuinely believe that - we have no 'teeth' & are all so concerned with making the next dollar that we allow people to manipulate and steal from us without making any effort to ensure those party to these things take responsibility for their actions.

Crypto will die because of these guys - and we all bear just as much responsibility for allowing it to happen.


Agree with you that the notice not obvious.

It's not obvious on their front page.

I did not know about it until I noticed a comment on the BTC-E trollbox.  I searched for it through google and then logged into Vircurex.  Only to find the notice in the news.   

I immediately moved out all my NMC and IXC from the exchange.

Tried BTC, but it would not allow me,  so I did the next best thing,  pick the most liquid coin and use it to get my BTC out.   Lost about 30% of my BTC in the process.   

“Here’s to the greedy ones. The conformists. The fatcats. The soft-fascists. The chisels forcing all the pegs to fit in the square holes. The ones who will make you see things their way. They make the rules. And they protect the status quo. You can support them, cooperate with them, worship or fanboy around them. About the only thing you can’t do is compete with them. Because they run things. They keep the human race in line.” – Apple, Inc. (translated into plain English from sloganese)
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March 24, 2014, 08:31:05 PM
 #887

I don't know how they're claiming to be anything but a bunch of dirty scumbag thieves.

About two hours after they announced this, I made the mistake of depositing around 5 BTC to Vircurex.  There was not a single notice, warning or any other notification anywhere on the login, deposit, or trading pages.  Even checked the FAQ about deposit times, no warnings in there either.  They created a new deposit address for me, please deposit away!  Because I don't sit researching crypto news 24/7 I had no idea.

Then the money never shows up, I go researching, and see they've made this announcement, just not put any warnings on their own site (I did find an announcements page after the fact, but you have to look for it).

They've said customer deposits just won't be credited?  Then in the same statement they say future deposits won't be affected?

? ? ? ? ? ? ? ? ? ? ?

Well that's almost 3 grand down the tube for me.  After Gox as well - is anyone else getting sick of this?  I'm seriously considering starting a bounty on the heads of these exchange guys.  NOTHING ILLEGAL - just a bounty to use all LEGAL (common law) means to bring these guys to task for the money they are stealing.  Mark 'finds' quarter of a million bitcoins?  Vircurex take a new customers deposit and give it to old customers?  It's our own fault as a community - I genuinely believe that - we have no 'teeth' & are all so concerned with making the next dollar that we allow people to manipulate and steal from us without making any effort to ensure those party to these things take responsibility for their actions.

Crypto will die because of these guys - and we all bear just as much responsibility for allowing it to happen.



It's not more than 4 month ago BIPS "lost" 1295 BTC - today I am still not convenience that it was a hack, how can you both loose everything in hot-wallets and cold-storage at in a "top modern high secure datacenter"... lot of talk about lawsuits back then... but nothing really happened, the owner walks away.

Btw. I am sorry for your loss, I know how it feels, I have lost way to many bitcoins myself due to all these thieves.

Cryptography is one of the few things you can truly trust.
galbros
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March 24, 2014, 08:47:25 PM
 #888

Has anyone successfully withdrawn any of the other coins ?

Yesterday I was able to withdraw doge.  Three cheers for the "joke" coin, it let me salvage 90% of my btc at Vircurex.

I just can't believe this oldest of alt coin exchanges is going down like this.  Such a damn shame.
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March 24, 2014, 08:51:56 PM
 #889

"Earn interest on BTC, LTC and PPC account balances
We now pay interest on BTC, LTC, PPC, NVC and WDC account balances, they are paid multiple times every day.
"

you have been vercuroxt

support Unobtanium (UNO) - Storing value in crypto since 2013. High-end, fair-launch, zero-premine crypto-commodity secured with bitcoin-hashpower. Radioactive to inflation!
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lishbtc
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March 24, 2014, 08:57:59 PM
 #890

I don't know how they're claiming to be anything but a bunch of dirty scumbag thieves.

About two hours after they announced this, I made the mistake of depositing around 5 BTC to Vircurex.  There was not a single notice, warning or any other notification anywhere on the login, deposit, or trading pages.  Even checked the FAQ about deposit times, no warnings in there either.  They created a new deposit address for me, please deposit away!  Because I don't sit researching crypto news 24/7 I had no idea.

Then the money never shows up, I go researching, and see they've made this announcement, just not put any warnings on their own site (I did find an announcements page after the fact, but you have to look for it).

They've said customer deposits just won't be credited?  Then in the same statement they say future deposits won't be affected?

? ? ? ? ? ? ? ? ? ? ?

Well that's almost 3 grand down the tube for me.  After Gox as well - is anyone else getting sick of this?  I'm seriously considering starting a bounty on the heads of these exchange guys.  NOTHING ILLEGAL - just a bounty to use all LEGAL (common law) means to bring these guys to task for the money they are stealing.  Mark 'finds' quarter of a million bitcoins?  Vircurex take a new customers deposit and give it to old customers?  It's our own fault as a community - I genuinely believe that - we have no 'teeth' & are all so concerned with making the next dollar that we allow people to manipulate and steal from us without making any effort to ensure those party to these things take responsibility for their actions.

Crypto will die because of these guys - and we all bear just as much responsibility for allowing it to happen.



It's not more than 4 month ago BIPS "lost" 1295 BTC - today I am still not convenience that it was a hack, how can you both loose everything in hot-wallets and cold-storage at in a "top modern high secure datacenter"... lot of talk about lawsuits back then... but nothing really happened, the owner walks away.

Btw. I am sorry for your loss, I know how it feels, I have lost way to many bitcoins myself due to all these thieves.

Thanks Smiley

Yeah that's kind of my point - we all b*tch and moan but we're all talk (not pointing fingers, just stereo-typing our entire community Tongue). Nothing ever gets done and that's half the problem - if you take away the fear of being punished then it's just easy money for those with shall we say a less than ideal conscience.

I was incredibly surprised how silent the Bitcoin Foundation was in the whole Gox debacle, I was expecting public advisories etc but they also just sat back chilling while many of their supporters money went up in flames.

I do strongly believe in Crypto, but the last couple of months have been a huge eye opener in watching what people can get away with and how impotent the responses are Sad

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March 24, 2014, 09:01:36 PM
 #891

From the May 2013 report:

The total losses of the security breach are
1454 BTC
225,263 TRC
23,400 LTC

That's a lot of BTC and LTC that's going to get confiscated!

1) at 2013-05 were BTC for under $200
2) investors were assured that it takes 9-12 months to recover that lost - from fees (and after 10 months: "aaaand, it's gone!")

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March 24, 2014, 09:23:27 PM
 #892

Hi guys..
I saw only now those bad news!  Angry
I have there some amount of money (not a lot at all,for LTC trade).
i just dont find a way to buy some other coins there to save my money,i can only buy LTC or BTC,
how can i buy some NMC or maybe DGC?

tnx!
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March 24, 2014, 09:29:51 PM
 #893

"Earn interest on BTC, LTC and PPC account balances
We now pay interest on BTC, LTC, PPC, NVC and WDC account balances, they are paid multiple times every day.
"

you have been vercuroxt

Kind of obvious, now - interest was paid to try to encourage people to keep a balance at Vircurex, to prevent this sort of run on the bank.

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March 24, 2014, 09:40:37 PM
 #894

Hi guys..
I saw only now those bad news!  Angry
I have there some amount of money (not a lot at all,for LTC trade).
i just dont find a way to buy some other coins there to save my money,i can only buy LTC or BTC,
how can i buy some NMC or maybe DGC?

tnx!

LTC/BTC -> DOGE/BTC -> Doges go home?
LTC/BTC -> NMC/BTC -> NMC go home?
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March 24, 2014, 09:53:37 PM
 #895

Hi guys..
I saw only now those bad news!  Angry
I have there some amount of money (not a lot at all,for LTC trade).
i just dont find a way to buy some other coins there to save my money,i can only buy LTC or BTC,
how can i buy some NMC or maybe DGC?

tnx!

LTC/BTC -> DOGE/BTC -> Doges go home?
LTC/BTC -> NMC/BTC -> NMC go home?
i am not understanding what you says   
pleas explain in simple english...
thanks
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March 24, 2014, 11:11:03 PM
 #896

"Earn interest on BTC, LTC and PPC account balances
We now pay interest on BTC, LTC, PPC, NVC and WDC account balances, they are paid multiple times every day.
"

you have been vercuroxt

Kind of obvious, now - interest was paid to try to encourage people to keep a balance at Vircurex, to prevent this sort of run on the bank.

Vircurex found a very friendly way to thank them, taking half of their money!

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March 24, 2014, 11:24:18 PM
 #897


It's not more than 4 month ago BIPS "lost" 1295 BTC - today I am still not convenience that it was a hack, how can you both loose everything in hot-wallets and cold-storage at in a "top modern high secure datacenter"... lot of talk about lawsuits back then... but nothing really happened, the owner walks away.

Btw. I am sorry for your loss, I know how it feels, I have lost way to many bitcoins myself due to all these thieves.

Don't blame the data center...no matter how good a data center is they can not stop bad coding. Blame the coders! Smiley

Itsko
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March 24, 2014, 11:24:52 PM
 #898

Well i made it,i take off my money out from that shitty place...
left there some 0.00004 something to screw with Tongue
This is a very bad situation,couple of my friends that also use crypto actually told me that after the GoX crush there will be a lot of "crushes" like that in the other market places.
I didn't belived them but it seems to be true...
But still the Bitcoin idea looks stronger then any of those bad ass peoples...
Arbitrageur
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March 24, 2014, 11:25:00 PM
 #899

is it going to be only half?? is that your guess?
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March 25, 2014, 01:54:43 AM
 #900

2 btc stuck...

PC & Mac repairs
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