CoinexPW Security issue

[Stouse49]

Currently, I am trying to move my GoldCoins out of CoinEx, but they have been stuck in a withdrawal queue for 2 days.

Any success?  I'm not sure what I want to do with my coins that are there.

There has been no success yet, 4 days still pending the withdrawal.  Support was contacted, but no response yet, besides the automatic reply.

[Stouse49]

Here is a cite that has information on CoinEx:

http://www.bejjan.net/coinex.html

[AZIZ1977]

I have given up on Coinex exchange. My 3000 GLD are stuck for weeks when i tried to withdraw them.

[georgem]

Another update:

Hi all,

We have managed to gather about 50% of missing funds in bitcoins, we will be buying missing altcoins with them this weekend. After some calculations we came to a conclusion that 50% is a fair number to resume exchange operation and if all the users wont withdraw their funds right away, we can keep it running using fee incomes to get the second missing part covered with them. We also called several security audit companies to do an audit for coinex. We're sorry for this to take so long but it should be understandable that recovering a business from this point is really ALOT of work. I am personally a rare guest at forums and other chats since chatting doesnt really help to get it back to life, it only takes time from getting the actual things done.

Again, I am personally giving my apologies for bad estimates about restoring our services, this is a tough thing to try and estimate time for it as it depends on too much factors, like altcoin markets not being deep enough to buy in alot of coins missing from our exchange.

Another personal note: as a try to gather more funds, I am selling my GPU farm now which is 24x Radeon HD 7990 and I will be happy to send it anywhere around the world and accept bitcoins as a payment method. Those bitcoins will go to cover the coinex losses, too. You can find a pic of my rigs attached, you can buy the whole rigs or just the cards as you wish.
Pics:
http://cl.ly/UhYY
http://cl.ly/UhXl
http://cl.ly/UgWm
http://cl.ly/UhIU


Also, if anyone wants to donate to help coinex get back to life, here's the BTC addy to do that:
16Xs3TsZWwoRZnKEXJZh72FUrzWv7VKbn4

Thanks for your patience,
- erundook


https://bitcointalk.org/index.php?topic=265277.msg5955017#msg5955017

Did erundook really ask for donations to help him get out of the mess he created in the first place?

That sounds an awful lot like banks asking for bailouts...

I say, let every struggling exchange die as fast as possible. If they can't secure an exchange they don't deserve to have a business.
They must leave and make place for better exchanges to take their business away.

Free market all the way!

[Stouse49]

CoinEx: Another Cryptocurrency exchange that steals customer’s coins, robbed investors of over 1 million dollars

http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/coinex-another-cryptocurrency-exchange-that-steals-customers-coins-robbed-investors-of-half-a-million-dollars/

[MicroGuy]

Thanks for posting this link.

I'll start taking down Coinex from our resource pages tonight.

[Stouse49]

The last article can be taken with a grain of salt, but it appears that many of the CoinEx users are having trouble withdrawing various coins.  That is enough reason to remove them from any recommended lists.