Yeah I've heard from others that the passwords are retrievable. This goes against the golden rule of password storage. RS is in the mcxnow chat now saying they are encrypted so what's the difference between that or a hash (he's asking that but I thought he was supposed to be a god-like programmer). It's a decent exchange but realsolid the developer is a master of hype and exaggeration. Go on the chat now and people questioning RS about it are being called retards by him.

The servers are also on american soil, which is not smart for an exchange which is not compliant with the US fincen guidance (a site which converts one virtual currency into another requires a money transmitter license if they serve US customers, as explained here: http://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2013-G001.pdf). Forget about that it's not even registered as a Money Service Business MSB.

Furthermore, what happens if Realsolid is run over by a bus tomorrow. That's $600k of funds gone as he's intimated in the chat he's the only one who has access to the funds.