We'd like to publish the following update on the degen1 case for anyone interested:
Decision has be made to return the roughly 100K USD deposit of degen1 to the address it was sent from. Degen1 could not rebut our presumption that the funds are of questionable origin. We therefore decided to reject his deposit and close his account permanently. Degen1 is not allowed to use our site again. The address his deposit is returned to belongs to an exchange.
All involved parties have been notified that the transaction will be released to the Bitcoin network on September 20th giving everyone time to make necessary preparations.
I want to write a final bit to point out what eventually most people who care should see, and I don’t want Fairlay to be fully excused for handling this terribly from the beginning:
#1) I asked them to return my funds to any address that it had been deposited from, I asked that and it had been suggested by everyone here and SBR for the last 6 weeks, to do this now while pretending they did nothing wrong is absurd
#2) they still never provided any information in terms of what I was accused of or who the third party was. They seem to continue to leak information without giving me any further insight, compromising security of my transactions to an unknown third party
#3) given that they still have not provided me any additional information, their comment that I was “unable to rebut” their assumption is false bc they never even gave me an opportunity. I was also never presented with any evidence
#4) there’s still no evidence that a law enforcement agency was involved, especially given the fact that all my information was handed out to a troll box, to SBR and to a third party
#5) it’s hypocritical that Fairlay has asked me in their emails to not disclose anything in public when they are not even guaranteeing a safe return of my funds to me, and that they are providing false information to the public to clear their name and save face (primarily that I wasn’t able to rebut anything. They asked for a phone number to reach me and when I gave that they did not call me, nor provide any further detail).
#6) didn’t they claim that I have no access to an exchange, and if my funds are of questionable origin, how do they know that they are returning to an exchange? And if it’s an exchange how is it a questionable origin?
#7) for them to give further information and further complicating me securing funds to other parties that may not be true is not their place
#8) I was just asked a few days ago about my identity and other personal details, so how could they even have been so sure that this third party had the right person..
Whether you believe me or not, the above is based on facts and logic. Even SBR has confirmed a lot of what I have complained about, including the fact that no information was given to me.
In my opinion this is no real solution for me as the customer, and it’s also not absolved them of their wrongdoings themselves, including potentially disclosing details on a supposed law enforcement investigation
