A few months ago, I wroteÂ about the VirWoXÂ exchange having tons of money just sitting aroundÂ in the OMC accounts, OMC being a hypergrid-enabled, multi-grid currency used by several OpenSim grids.
Well it turns out that moneyÂ is now starting to drainÂ from those accounts.
This was brought to our attention by DreamNation,Â the largest grid using VirWoX money back end. They recently had a few returning members claiming their accounts had been drained ofÂ their money. Some balances were completely drained down to zero.
Why this is a big deal is that here in the United States, we not too long ago had a new law pass that credits of any kind cannot expire. This was brought up in a couple law suits where people sued gift card issuersÂ for charging inactivity fees. As a result, gift cards are not allowed to expire in the United States any longer.
While people’s opinions on this can and doÂ vary, the VirWoX situationÂ has caused a bit of an uproar atÂ DreamNation.
DreamNation is now currently in talks with the Podex Exchange to manage their currency. Several grids already do this. Zandramas switched over earlier this year. Virtual Highway and Avination also use Podex for currency trading.
Meanwhile,Â any one or any grid that uses the OMC currency fromÂ VirWoX shouldÂ be sure to keep theÂ account active — or cash out.Â
(Article reprinted with permission from Grid Press.)