Looks like Bitcoin starts to fall apart. Yet another exchange halts withdrawls. People are going to run from this stuff soon expecially when you run the risk of an exchange telling you your money is now stuck and you can not get it out. I love the last sentence in this release as well. Pretty much says we have to come up with a plan to pay people back their money over time. LOL!!
Small bitcoin platform Vircurex halts withdrawals
By Ben Eisen
NEW YORK (MarketWatch) -- Vircurex, a small virtual currency exchange, halted withdrawals of bitcoins and other cryptocurrencies Monday after large withdrawals drained its holdings. The exchange offered no details about the withdrawals other than that it follows two "incidents" last year. The news comes a month after Mt. Gox, a major trading platform for bitcoins, filed for bankruptcy, saying much of its holdings had been stolen by hackers, raising questions about bitcoin security issues. Vircurex has just 56 bitcoins traded in the last 30 days, while BitStamp traded over 600,000 during that time period, according to Bitcoin Charts. "Unfortunately we had large fund withdrawals in the last weeks which have lead to a complete depletion of our cold wallet balance," said Vircurex in a statement , adding that it has worked out a method to gradually repay the frozen funds
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