Canadian Bitcoin Exchange CAVIRTEX Shutting Down Following ...

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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. 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. With the recent news of Netagio restructuring its business model to wealth storage from a Bitcoin exchange platform, Bitcoin Exchange CAVIRTEX also known as Canadian Virtual Exchange, has taken a similar path. According to their latest news update that was posted on February 17, 2015, Carvitex has intentions to cease operations and stop being “an active Bitcoin business” as soon as possible. While CAD withdrawals are currently possible, Bitcoin and Litecoin withdrawals have been temporarily disabled. Customers who want to withdraw BTC and LTC are instructed to access the User Preferences page in their accounts and fill in the address to which they want their funds to be sent.

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