Sound familiar? Bitcoin exchange Vircurex freezes customer accounts as it battles insolvency
Mar23
The implosion of Mt. Gox has been widely heralded as a sign of a new era of Bitcoin companies, but there are still examples of the unpredictable and shady side of the cryptocurrency world, as developments at Vircurex demonstrate. The Beijing-based virtual currency exchange is much smaller than Mt. Gox, but it is notable that it has stopped withdrawals of Bitcoin, Litecoin and other coins today, and it will freeze all existing user accounts from Monday after running into serious financial issues. Vircurex was hacked twice last year and had been using a reserve of ‘cold storage‘ currency to reimburse users…
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