Canadian Bitcoin Exchange CaVirtex Still Not Allowing BTC Withdrawals
CaVirtex, one of the oldest and largest Canadian Bitcoin exchanges, disabled Bitcoin withdrawals yesterday. CaVirtex informed their twitter followers of the inconvenience via tweet. Litecoin withdrawals are still allowed, which leads some to believe that CaVirtex hasn't run with funds and is just experiencing a delay. CaVirtex did not give any specific timeline for when Bitcoin withdrawals would be re-enable, though they did give a reason: Hot wallet top off. Also read: Canada's Largest Bitcoin Exchange Now Accepts Litecoin. An Empty Hot Wallet. @kajjeb Recent volume has resulted in our....
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What's going on over at Canadian Bitcoin exchange CAVIRTEX? On Monday, the exchange took to Twitter to announce that bitcoin withdrawals have been disabled. The reason? They needs to refill their hot wallet by bringing in coins from cold storage. Bitcoin withdrawals have been disabled as a result of refilling our hot wallet. Will be fixed shortly. Apologies for the inconvenience. - CAVIRTEX (@CAVIRTEX) October 6, 2014. In another tweet, the company said much the same: "Recent volume has resulted in our hot wallet running dry. We're moving coins from cold storage. Will be fixed shortly.....
When Canadian exchange Cavirtex closed its doors in February, there was a lot of speculation about the reasons it shut down, but few expected the exchange to come back to life. Cavirtex shut down amid security concerns after a major breach. Now, New York-based digital currencies exchange Coinsetter is expanding into the Canadian market by buying previously closed exchange Cavirtex for close to $2 million, according to Fortune Magazine. Coinsetter, which specializes in institutional trading for investment firms, is confident it can win back all of Cavirtex's old customers in Canada and grow....
Top Canadian bitcoin exchange Cavirtex is expected to resume trading following its acquisition by New York platform Coinsetter. The news comes after Cavirtex announced it was planning to shut down operations in March following a breach that compromised security information including password hashes the previous month. Jaron Lukasiewicz, now CEO of both Coinsetter and Cavirtex, said measures had been taken to remove the possibility of an event like this happening again. He added: "No customers have been financially affected by a compromise ... We feel strongly about our ability to protect....
On Tuesday, February 17, the Canadian Bitcoin community was surprised to learn that its biggest and longest-serving exchange, CAVIRTEX, was to wind down operations by March 25. Enter QuadrigaCX, heir apparent to the title of Canada's largest Bitcoin exchange. An older version of the CAVIRTEX database, including 2FA secrets and hashed passwords, may have been compromised. Their website states, "We believe that damage to the company's reputation, caused by the potential compromise, will significantly harm our ability to continue to operate successfully." Kyle Kemper, VP of CAVIRTEX, also....
Canadian Bitcoin exchange CAVIRTEX announced to freeze its trading operations, citing security concerns. According to the company's Feb 17th blogpost, their older database, which included details related to 2FA secrets and hashed passwords, was breached recently. Following the incident, CAVIRTEX froze active trading operations on its platform and decided to reimburse all customers' funds. The aim was to fall bravely, rather than stand shamelessly. "We believe that the damage to the company's reputation caused by the potential compromise will significantly harm our ability to continue to....