Calgary-based Cavirtex announced on February 17th that it will halt trading on March 20 and stop processing withdrawals on March 25. On its website, the company states: Cavirtex has stated that it has enough funds to return the bitcoins/its equivalent to its customers despite the hack attack. The company however exuded confidence in Bitcoins and their future as worlds top cryptocurrency and states: “CAVIRTEX continues to believe, as we have over the last three and a half years of operation, that cryptocurrency is here to stay”. Cavirtex story is a classic one from rags to riches to bust. Only last fall, Cavirtex installed a Bitcoin ATM in the Gateway Newstands store at Pacific Central Station which had become headline news among news and Bitcoin websites.
