Cavirtex: Bitcoin Withdrawals are Temporarily Disabled ...

Cavirtex shutting down

From their website:
Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will be winding down its operations in an orderly manner. As a result, effective immediately, no new deposits will be accepted by CAVIRTEX. Trading on CAVIRTEX will be halted effective March 20, 2015. Effective March 25th, 2015, no withdrawals will be processed. CAVIRTEX will communicate with any account holders that continue to hold balances after March 25, 2015.
We have maintained 100% reserves. CAVIRTEX is solvent and remains in a position to accommodate all customer withdrawal requests received prior to March 25, 2015. However, On February 15, 2015 we found reason to believe that an older version of our database, including 2FA secrets and hashed passwords, may have been compromised. This database did not include identification documents.
Because security and the safety of customer funds are paramount to our mission and the success of Bitcoin in general, CAVIRTEX has determined to cease active operations in the Bitcoin business and to return all customer funds. We believe that the damage to the company's reputation caused by the potential compromise will significantly harm our ability to continue to operate successfully.
As a result of the potential compromise of our database we cannot be certain of the confidentiality of account credentials. Please log into your account and change your password immediately. Please also clear your CAVIRTEX browser cookies. BTC and LTC withdrawal will remain temporarily disabled.
We ask that customers please fill in their Bitcoin and Litecoin return addresses on their user preferences. These fields have been cleared for all users and will need to be filled in once again. This page is accessible under Settings then User Preferences. Your BTC and LTC will be sent to that address. CAD withdrawals remain enabled.
CAVIRTEX continues to believe, as we have over the last three and a half years of operation, that cryptocurrency is here to stay. We appreciate all the support from our amazing customers who have been on this journey with us. You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience.
Even with this latest development, we are proud to say that we have never lost customer funds. To our knowledge, our production environment has never been breached.
CAVIRTEX intends to communicate with its loyal shareholders regarding this announcement in the near future.
Thank you to our loyal customers and all of our supporters who believed in us but more importantly trusted us.
Sincerely,
The CAVIRTEX Team
submitted by Piper67 to Bitcoin [link] [comments]

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CAVIRTEX, the first and one of the largest Canadian bitcoin exchanges, has announced that it stops carrying on an active Bitcoin business and will shut down operations in March. As a result, effective immediately, no new deposits will be accepted by CAVIRTEX. Trading on CAVIRTEX will be halted effective March 20, 2015. Effective March 25th, 2015, no withdrawals will be processed. CAVIRTEX will communicate with any account holders that continue to hold balances after March 25, 2015. Since account credentials might have been stolen, users are advised to change their passwords as soon as possible. The company also urges users to clear their Web browser cookies. While CAD withdrawals are currently possible, Bitcoin and Litecoin withdrawals have been temporarily disabled. Customers who want to withdraw BTC and LTC are ... Canadian Bitcoin exchange Cavirtex is shutting down, after hackers managed to compromise its systems, stealing hashed passwords and two factor authentication (2FA) secrets. In a statement posted on its website, Cavirtex announced its closure, and that trading would cease on March 20 2015. Balance withdrawals will proceed until 25th March. Cavirtex, which has been operating for the last three ... Con: Disabling bitcoin withdrawals without explanation is about the biggest red flag there is for an exchange. When I got the "withdrawals disabled" message, it came with NO further info, or suggestion I needed to do anything. Pointing me to a twitter feed they don't update pretty much screams "We're disorganized!", which really doesn't inspire confidence in the organization.

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