Exchange Vircurex Freezes Withdrawals, Claims Lack of Reserves
Beijing-based virtual currency exchange Vircurex has frozen most of its digital currency withdrawals effective immediately, claiming it no longer has the reserves to cover customer requests. The freeze will affect all bitcoin, litecoin, feathercoin and terracoin withdrawals. A message on Vircurex's site says it will create a new balance type called 'Frozen Funds' covering all balances in the aforementioned currencies. The company maintains it won't be shutting down, saying it intends to "gradually pay back the losses". That Vircurex had a reserve shortfall had been known for some time,....
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Vircurex has stopped withdrawals for BTC, LTC, FTC, and TRC. Popular altcoin exchange Vircurex just announced that it has stopped withdrawals for BTC, LTC, FTC (Feathercoin) and TRC (Terracoin). Any incoming deposit will not be credited. Furthermore, on 24 March, all BTC, LTC, FTC, and TRC accounts will be frozen until Vircurex can redistribute available funds to users. Last year, the exchange was hacked twice, resulting in a large loss of coins. Vircurex promised to cover the losses from their own income, and the plan seemed to have been working until recently. “We had enough coin....
Bitcoin and altcoin exchange Vircurex announced today that they'll be halting the withdrawal of bitcoin, litecoin, feathercoin, and terracoin, and also not crediting deposits made to user accounts "for the time being", according to an announcement posted on their website. The halt is effective immediately, according to the company, who adds that on Monday (24th of March), they'll be freezing accounts with holdings in BTC, LTC, FTC, TRC, and removing open sell orders. The halt comes following two thefts in 2013 which "lead to a loss of a significant number of BTC, LTC, FTC, TRC." As....
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days. Over the years a number of exchanges have had issues and have worried customers by stopping deposits and withdrawals for a period of time. Okex joined the list of exchanges that have halted withdrawals, as the....
OKEx is set to lift its withdrawal freeze first introduced on Oct. 16, claims the exchange cooperated with authorities and no foul play was discovered. Major cryptocurrency exchange OKEx is finally resuming withdrawals of customer assets after weeks of waiting.The exchange first suspended withdrawals on Oct. 16, a decision that subsequently rocked crypto markets. According to today's announcement, full customer withdrawals will resume on or before Nov. 27. OKEx will conduct security checks to resume hot wallet operations and ensure that user funds are safe.OKEx claims that user funds are....
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee.
Hotbit Suspends Trading, Deposits, Withdrawals
Cryptocurrency exchange Hotbit announced the suspension of its services on Wednesday. The company wrote:
We regret to inform you that Hotbit will have to suspend trading, deposit, withdrawal and funding functions. The exact time of....