The warranty is a joke. V-Moda sent my headphones back without fixing a single issue. If you are considering their headphones for the durability I advise you to consider other headphones :
Best Buy: V-MODA Crossfade M-100 Master Wired Over-the-Ear Headphones Matte Black M-100MA-MB
V-MODA | Crossfade M-100 Master
V-Moda's first reference studio headphones are coming this month for $350 - The Verge