Vircurex

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Vircurex
IndustryBitcoin exchange
FoundedOctober 2011

Vircurex was an online exchange for bitcoin and several early altcoins. It opened for trading in October 2011 and advertised order types such as limit and stop orders, options, and loans.[1]

Products

While it was open, the exchange listed bitcoin alongside Namecoin, Litecoin (spelled "Liteoicn" on the earlier page), Devcoin, Geistgeld, Solidcoin, I0coin, Ixcoin, and fiat pairs in euro and US dollar. Deposits and withdrawals of coins were described as automated after a confirmation count. Fiat in USD and EUR was handled through Liberty Reserve before that network was shut down.[1]

Trading features listed on the earlier article were buy and sell orders, stop-orders, options, and loans, with a stated transaction fee of 0.5% at the time that text was written.[1]

Withdrawal freeze

A class-action complaint filed 10 January 2018 in the United States District Court for the District of Colorado, Shaw v. Vircurex (C.A. No. 1:18-cv-00067), alleges that on 24 March 2014 the exchange froze withdrawals of BTC, LTC, TRC, and FTC, citing two purported mid-2013 hacks and near-insolvency.[2]

The same complaint states that, according to the operator's "Final Update" in January 2016 (the complaint also cites 3 January 2016), 1,666 BTC, 124,763 LTC, and 78,782 TRC remained frozen.[2]

See also

References