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Author Topic: No more Paxum with any Bitcoin project?  (Read 4901 times)
kitich
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February 11, 2012, 06:38:26 AM
 #1

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2012-02-11   Bitcoin Termination
Effective immediately, Paxum Inc can no longer accept any accounts related to Bitcoin or Bitcoin Exchange. All current Bitcoin accounts have been closed and may no longer perform any transaction. Account holders will be able to withdraw their funds via wire transfer.

(c) paxum.com (announcement list, only from logged account)

wtf =(
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bitcoinTrader
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February 11, 2012, 07:16:42 AM
 #2

I had opened paxum account specifically for this.
I dont see many merchants accepting paxum (like paypal).
Hence, I think I dont have any need for the account.

Any1 knows how to close the account?

damnek
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February 11, 2012, 12:03:55 PM
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My bet is that they (or some user accounts) got hacked, and that the hacker used the money to buy bitcoin.

It just seems a bit too much of a coincidence that they rolled out "security upgrades", forcing me to change my password, at the same time they blocked bitcoin transactions.

Also, I noticed that Paxum allowed me to set a reasonably weak password, one that wouldn't get accepted by many other sites.

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osmosis
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February 11, 2012, 12:35:31 PM
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is there a link to an actual press release?
paraipan
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February 11, 2012, 12:37:22 PM
 #5

I received an e-mail, seems a little strange to have the password reset if they weren't hacked though


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Dear Paxum Client,   
 
    
We are glad to inform you that our login security engine has been upgraded to provide enhanced security for all sensitive data.

 

In order to benefit from the new features, we are kindly asking you to change your password. Enclosed you will find a temporary password that will enable you to login to the site for the first time, at which time you will be prompted to change it. Please select a secure password that is at least 6 characters long, and do not share it with anyone. We also urge you to select a password that is different from any other password you have had with us in the past or may hold with any other secure application.

TEMPORARY PASSWORD: XXXXXXXXXXX
 

Additionally, note that this email does not contain any links. Please access our service as you usually would, by typing the address in the address bar. This holds true for any and all financial institutions. Clicking a link enclosed in an email might lead you to a phishing site, and is not recommended.

 

Sincerely Yours,

Paxum.com Team

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jorgen
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February 11, 2012, 01:37:28 PM
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This is not true! I use paxum with mtGox and I have no any notifications from paxum support However it's true that they change password because of login security engine upgrade.
EuSouBitcoin
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February 11, 2012, 01:37:56 PM
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I never really liked Paxum anyway. I prefer Dwolla.
damnek
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February 11, 2012, 01:58:32 PM
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This is not true! I use paxum with mtGox and I have no any notifications from paxum support However it's true that they change password because of login security engine upgrade.

Tell me where on mt.gox the option to add funds using Paxum is then.

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kitich
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February 11, 2012, 03:06:53 PM
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It's not a main page news, but here https://www.paxum.com/payment/announcementList.php?view=views/announcementList.xsl a can see this news.
osmosis
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February 11, 2012, 03:09:04 PM
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It's not a main page news, but here https://www.paxum.com/payment/announcementList.php?view=views/announcementList.xsl a can see this news.

That link is broken. Is this a scam?
EuSouBitcoin
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February 11, 2012, 03:10:55 PM
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Log in to your Paxum account and then click on Announcements to see the posting regarding no more biticoin or bitcoin exchange related business.
jorgen
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February 11, 2012, 03:33:54 PM
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Log in to your Paxum account and then click on Announcements to see the posting regarding no more biticoin or bitcoin exchange related business.

Thanks, you are right.

2012-02-11    Bitcoin Termination
Effective immediately, Paxum Inc can no longer accept any accounts related to Bitcoin or Bitcoin Exchange. All current Bitcoin accounts have been closed and may no longer perform any transaction. Account holders will be able to withdraw their funds via wire transfer.
Yankee (BitInstant)
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February 11, 2012, 06:11:56 PM
 #13

They suspended our account as well.

See this post: https://bitcointalk.org/index.php?topic=63465.0 

Charlie, BitInstant.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
shakaru
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February 11, 2012, 11:39:43 PM
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Account suspended....

ColdHardMetal
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February 12, 2012, 12:49:50 AM
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Seems Moneybookers is doing the same thing. Interesting timing.

https://bitcointalk.org/index.php?topic=63096.0

finway
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February 12, 2012, 04:42:14 PM
 #16

Why?

Ferroh
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February 13, 2012, 05:49:54 AM
 #17

Why?

Paxum official response:
http://gfy.com/showpost.php?p=18753403&postcount=1


Follow up:
http://gfy.com/showpost.php?p=18753657&postcount=22
osmosis
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February 13, 2012, 06:26:47 PM
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Well, that doesnt look like an offical forum.
But we could spin this in our favor.
"Mastercard trys to stop bitcoin, but fails."


osmosis
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February 13, 2012, 11:15:09 PM
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http://www.betabeat.com/2012/02/13/banking-partners-force-paxum-to-drop-bitcoin-due-to-potential-risk/
pent
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February 14, 2012, 03:02:45 AM
 #20

War against bitcoin started.

Megaupload is illegal, but buying drugs and guns online is okay?
http://rt.com/usa/news/illegal-silk-road-guns-107/

How Technology Complicates The War On Drugs: Guns And Drugs For Sale Online
http://www.forbes.com/sites/erikkain/2012/01/30/how-technology-complicates-the-war-on-drugs-guns-and-drugs-for-sale-online/

Paxum Ends Association with Bitcoin Exchanges
http://news.avn.com/articles/Paxum-Ends-Association-with-Bitcoin-Exchanges-464460.html

Banking Partners Force Paxum to Drop Bitcoin Due to ‘Potential Risk’
http://www.betabeat.com/2012/02/13/banking-partners-force-paxum-to-drop-bitcoin-due-to-potential-risk/

I think someone already took sight at MtGox due its overwhelming volume.
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