Quote
BitSimple Users,
Effective 01/31/2014 BitSimple is ceasing operations. The inability to secure accounts with the transaction capabilities necessary to support our business model has made this unfortunate decision a necessity. While management is saddened by the need to terminate operations, during our time in operation we have never had our wallets infiltrated by hackers and no customers lost funds using BitSimple. Very few Bitcoin related companies can make similar claims.
A few customers have unclaimed balances and they will be contacted by email with instructions to arrange final payment. Tangible Cryptography (the parent company of BitSimple) has no outside creditors and the unclaimed balances owed customers represents less than 2% of assets on hand so I want to reassure those customers with balances that they will not be financially impacted by the decision to close.
The shareholders will meet in the near future to determine the final outcome of BitSimple and its parent company Tangible Cryptography but effective 01/31/2014 I am no longer the CEO. I want to thank the customers and investors which made this business venture possible.
Gerald Davis
CEO Tangible Cryptography Inc
The date is mistyped twice 2014 instead of 2015. Effective 01/31/2014 BitSimple is ceasing operations. The inability to secure accounts with the transaction capabilities necessary to support our business model has made this unfortunate decision a necessity. While management is saddened by the need to terminate operations, during our time in operation we have never had our wallets infiltrated by hackers and no customers lost funds using BitSimple. Very few Bitcoin related companies can make similar claims.
A few customers have unclaimed balances and they will be contacted by email with instructions to arrange final payment. Tangible Cryptography (the parent company of BitSimple) has no outside creditors and the unclaimed balances owed customers represents less than 2% of assets on hand so I want to reassure those customers with balances that they will not be financially impacted by the decision to close.
The shareholders will meet in the near future to determine the final outcome of BitSimple and its parent company Tangible Cryptography but effective 01/31/2014 I am no longer the CEO. I want to thank the customers and investors which made this business venture possible.
Gerald Davis
CEO Tangible Cryptography Inc
