- The CEO has been fined 0.7 Million by the Bank of Lithuania because of breaking Money Laundering laws (link here).
- The Bank of Lithuania has fined as well Pervesk 0.5 Million, which was a company from the CEO used as payment gateway for Spectrocoin.
- They have taken down Pervesk as well until is clear for the Bank of Lithuania they are not breaking any rules, that's the reason SEPA transactions are not working in Spectrocoin and you can not basically transfer any money.
- The team has already said in the chat it will take a few months to have it working again, and they are not working into getting an alternative provider.
- The Spectrocoin debit cards have been not working for the past month (or more) because the third party provider is in "maintenance", that's why people can not use them. The team said is not their fault, but they are not looking for an alternative either.
- The Bankera debit cards are not coming anytime soon for the above reasons.
- They are not working either to put the supply on CoinMarketCap, they just simply blame them for not using their smart contract function.
- The exchange is technically coming by the end of the year but the CEO said on the chat around a week ago it won't be an innovative one. Plus it won't accept fiat or have fiat pairs at the beginning.
Soo... There yo go fellas, that's the situation. I got banned from the chat for "saying the truth" which is the team is incapable, unprofessional, unreliable and the communication is horrible.
I read about some ICO investors are doing a class action lawsuit, I don't have Facebook but if anyone can PM the details I'll be more than happy to join.
the truth ...agree .