closed

[Arbitrageur]

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.

[1714115387]

1714115387

[1714115387]

1714115387

[1714115387]

1714115387

[1714115387]

1714115387

[1714115387]

1714115387

[Arbitrageur]

I hope Kumala bought some btc and ltc back at cheap prices, this might help refund the frozen coins.

[lenny_]

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.

[TookDk]

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.

[Arbitrageur]

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:

- 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??

[mdtspain]

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"

[Blackmet]

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.

[lenny_]

Kumala Last Active:    March 28, 2014, 05:23:57 AM
Did he really abandoned his exchange and run away with money?

[Pimpmycoin]

up

this is insane

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


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

[Arbitrageur]

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]

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]

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?

[rnicoll]

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

[TookDk]

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

[EinsteiniumWisdom]

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

[mdtspain]

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]

Nothing here. I'm excited there is sign of life at Vircurex.

[rnicoll]

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....

[TookDk]

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.

[disclaimer201]

My stuck transaction of 11k DGC got released as well. Just received the coins. Made a huge loss on the ltc/dgc price but it's better than nothing.