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Home > Archive > Impotence Support > November 2004 > Evocash
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| A heads up to anyone using an Evocash account(i.e. purchasing ED products),
Evocash is permanently down and closing its ops. If account holders log in
you'll find an explanation on their website explaining why this happened.
Evocash account refunds are forthcoming, but your personal information must
be correct to receive a check.
fcr
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| "FCR" <frosaire@olypen.com> wrote:
>If account holders log in
>you'll find an explanation on their website explaining why this happened.
For those of us curious non-customers, could you summarize?
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| Hackers have compromised Evocash security and the company evidently doesn't
find it cost effective to hire enough staff to fight off these attacks(up to
15 a day). They say on their website there are offers of buy outs but until
that happens they'll be refunding checks to account holders.
Evocash was the online bank of choice used for a very reliable source of
generic Cialis, not sure who they'll be using now.
fcr
<your.name@here> wrote in message
news:ba0jo0pcg42i4uqdfv3m0ngg32kle0vkuf@4ax.com...
> "FCR" <frosaire@olypen.com> wrote:
>
>
>
> For those of us curious non-customers, could you summarize?
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| Mike Schneider 2004-11-08, 7:07 pm |
| "FCR" <frosaire@olypen.com> wrote in message news:<10oig9gm51nmd2f@corp.supernews.com>...
> A heads up to anyone using an Evocash account(i.e. purchasing ED products), Evocash is permanently down and closing its ops.
You're a lying sack of shit.
(Dudes like "FCR" here are spamming all God's creation with "evocash
warnings" because EvoCash is the one company they *cannot* hack or
threaten into "re-opening" accounts closed because they were beiing
used for fraud.)
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| Mike Schneider 2004-11-08, 7:07 pm |
| "FCR" <frosaire@olypen.com> wrote in message
> They say on their website there are offers of buy outs but until
> that happens they'll be refunding checks to account holders.
*Cite*, you lying sack of shit. (Only URLs beginning with
"https://www.evocash.com/..." qualify.)
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| "Mike Schneider" <mike18xx@yahoo.com> wrote in message
news:1613aab0.0411081239.d3437e4@posting.google.com...
> "FCR" <frosaire@olypen.com> wrote in message
> news:<10oig9gm51nmd2f@corp.supernews.com>...
>
> You're a lying sack of shit.
>
> (Dudes like "FCR" here are spamming all God's creation with "evocash
> warnings" because EvoCash is the one company they *cannot* hack or
> threaten into "re-opening" accounts closed because they were beiing
> used for fraud.)
hmm, didn't wanna roll out the big guns over this and take up a lot of
bandwidth..but, the XXXXXXX factor above is alive & well, and pressing the
issue. From the Evocash website:
Dear Account Holder,
It is with great deal of sadness and regret that we have to inform you of
the closure of Evocash. After nearly five years of trading the owners have
reluctantly decided that they cannot carry on running a business that is
permanently under attack both financially and physically and by continuing
they are just prolonging the inevitable. The reasons for the closure are
many and varied but just a few of the main reasons we will list below. In
the last two years server and hacking attacks had increased to between 25-40
attacks each day. Although we have managed to deal with most attacks what is
becoming unmanageable are the frequent DDoS attacks that are happening to
many websites on a daily basis. The last big attack that took Evocash off
line for days was so big that it took up all of our lines and even started
to affect services in other countries. The daily cost of dealing with
hacking and DDoS attacks is way out of proportion to the amount of profits
that can be made from this type of business.
Many of our account holders probably know of the problems we have had with a
business called Freelandopps during the last few months and this ongoing
problem has had a very serious affect on not only Evocash but other exchange
businesses that deal with us on a daily basis. There have been so many lies
and rumours posted on forums and talked about in chat rooms that even some
of our own exchangers have started to attack us and give us problems. This
has become so bad that our main exchanger X-Changers has told us that they
will no longer service our daily funding and redeems after the 14th October.
They have made it clear that the exchange service for Evocash will not
resume again until we have reached an amicable agreement with Freelandopps.
Any agreement, if in fact one could be reached with Freelandopps, would be
months in to the future, there is absolutely no possibility of a quick
solution.
The final reasons that made the owners decide to close the business are the
problems that exchangers are experiencing on a daily basis. Over the years
we have lost track of how many of the exchangers bank accounts have been
closed down for no apparent reason and in some cases funds have not even
been returned to the exchanger. Within the last two weeks one of our main
exchangers CashChange were ordered by their National bank to cease
operations immediately and were told they could not operate as an exchanger
in Europe. This came almost at the same time that we were informed that
Australian exchangers have been advised that they have to apply for a
licence to act as an exchanger, which in our opinion will never happen. To
add to that we know of two cases where other exchangers have been told they
have to produce records of transactions. Evocash does not and never has
operated a system that allowed direct funding by an account holder to their
Evocash accounts and all account funding must go through an exchanger.
If it is the intention of most governments to close down e-currency
exchangers, and we think it probably is because that is the only way they
can control the flow of money, then Evocash would not be able to survive
without the services of our exchangers.
Payments
All of the existing Evocash accounts and account transactions will have to
be thoroughly audited to compile a list of account refunds that need to be
issued. This auditing of the whole system is a mammoth task and although we
cannot give an exact date for its completion, we will of course endeavour to
get this completed as quickly as possible. Once the auditing has been
completed Evocash will be sending you a check for your account balance. We
are sorry but there will not be any other payment options.
Your contact details
On the application form above we need you to fill the name that is to go on
the check and the address it is to be mailed to. This is extremely important
because without that we will have to mail the check to the name and address
that is listed as your current account information. Please do not use this
address panel to send Evocash a message because only contact names and
addresses will be dealt with and any message you send will be filtered out.
Contact
During the auditing of all accounts we will not be accepting any emails. We
know this will be very frustrating for everyone but if we leave staff
answering emails it will not be very productive because they will not be in
a position to answer your questions.
All future news and updates will be posted within the account area; please
login periodically and check for these updates as this will be your only
means of checking progress. Messages that are posted in the account area
will be the only official messages that come from Evocash. We would
appreciate it if you would ignore anything you read on forums or hear in
chat rooms as most of these are people's opinions and usually contain not
one grain of truth.
Funding
No further account funding is being accepted and X-Changers have informed us
that any funds that they have received after Wednesday 13th October will be
returned to the sender. If you have sent funds to any other exchanger then
you need to contact them and request a return of the funds.
Redeems/Payment requests
Any redeems that have not been completed by an exchanger will be rejected
and sent back to your account and will form part of your refund balance.
Purchase of Evocash
In the last three months Evocash has received four offers to buy the entire
Evocash system and take over all of the existing accounts. Although two of
these offers had no substance at all the other two do have and were worth
considering. The owners are still negotiating with one of the companies at
this time. We cannot say at this stage if anything will materialise from
these negotiations but please be assured we will keep you up to date with
any progress.
We sincerely apologize for the inconvenience this closure may cause to our
account holders.
Evocash
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