Dear Bitcoiners
I hope your well. My name is Malcolm O and I am running the start up Cryptovest Financial Services
https://cryptostocks.com/securities/126The disclaimerThis list is for educational purposes only. It is not intended to cause slander upon any of the companies , businesses or people listed here. Cryptovest, Bit4ME and the Little Phoenix Investment Group have no views or opinions in regards to the validity of the accusations posted here. The list is user generated and users of bitcoin talk are the accusers or defenders of the companies listed here.
All users are encouraged to do their own research before coming to a decision on the companies found in this list. Where possible that will be available in the details section.
This list is intended to encourage crypto investors to take more time before making investments into companies.
While I will do my best to moderate the list with the little spare time I have but I take no responsibility of its accuracy or claims. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.
The disclaimerOther lists
https://bitcointalksearch.org/topic/hall-of-shame-leaderboardawards-vote-for-your-favorite-worst-crypto-ceos-ever-651315I am trying to
compile a list of the companies that have failed in the crypto space specifically ones that have raised funds and then had a problem loosing their investors funds.
Thank you in advanced ill give a reward to everyone who adds
a new company to the list. One reward for each company found and details of the incident or links to the details provided.
I would appreciate the help I know a lot of exchanges over the years, mining companies and small businesses have gone under or forced buy
backs.
Please give details name of operator - location - amount lost ect - date set up anything else u can remember ( This is a working list I will update it weekly as you give me more suggestions)
examples of corporate failures ( more suggestions welcome)
(long start - over 1-2 years and still not operating)
corporate failure - Bankruptcy
Investor fraud (forced buy back below market value or Forced buy backs
Internal Fraud - stolen funds
Poor management
Bad practice
poor ethical practice/standards
Company Name - Type of Failure - details - -accused Source
NEO & BEE - Fraud/ loss of holdings
audio note on NEO MT GOX - Fraud/ loss of holdings
LABCOIN - internal fraud - ( details 7000 to 10,000 BTC -accused Alberto Armandi, Fabrizio Tatti, Alessia Tatti, Daniel Larsson, aka theSwede75 who is presently press officer at Cointerra
reference) - Reported by user E Sam
Active Mining - internal fraud - incompetence Reported by user steyehn updated by damiano
bASIC-Mining - CreativeX ran off with funds Reported by user damiano
COG - Garr mismanaged Reported by user damiano
Kylemax Studios - Owner gambled away IPO money. Reported by user MrWDunne
Vircurex - miss management - loss of more than 1000 btc Reported by user anasazi
JDBIF from cryptostocks - miss management / fraud -( details https://bitcointalk.org/index.php?topic=504126.0) Reported by user jonsi
BitcoinBourse: - Forced by back BitcoinBourse/ miss management ( details https://bitcointalk.org/index.php?topic=361852.0
https://bitcointalksearch.org/topic/invest-in-bitcoin-bourse-system-shares-346503 ) Reported by user jonsi +1 by user MrWDunne
Bakewell: -(details
https://bitcointalksearch.org/topic/scam-ipo-bakewell-finally-a-transparent-investment-that-will-grow-104489 ) Reported by user jonsi
Kenilworth Exploration (Australian Mineral Exploration): https://bitcointalk.org/index.php?topic=200701.40
Reported by user jonsi
Feedzebirds.com Internal fraud ( funds used to fund own site, stop paying out dividends ) Bad management - focus on other personal sites Ipo- may 24, 2012 Joint project of erik voorhees and ira miller Erik voorhees- currently being investigated
Reported by user steyehn
WeExchange/Ukyo -(details
https://bitcointalksearch.org/topic/the-94-con-by-jon-montroll-337523)
Reported by user thehun
Ziggap (details (Bitfunder) Stolen funds -https://bitcointa.lk/threads/either-ryan-schreiber-founder-of-ziggap-has-gone-off-the-deep-end-or.112868/ Reported by user the Newar
Asic Coop (GLBSE / Bitfunder (-details Stolen funds / equipment
https://bitcointalksearch.org/topic/asiccoop-asic-miners-cooperative-88008)
Reported by user Newar
http://mybitcointrade.de/ (-details Stolen funds -
https://bitcointalk.org/index.php?topic=115572.5)
Reported by user Newar
BTCQuick - Hacked/Incompetence/Shut down without warning - Jerrod Bunce
Reported by user adept
Deprived Mining Speculation (DMS) - (-details Lost BTC: ~415. Operator of the fund ran off with the money Link to thread: https://bitcointalk.org/index.php?topic=228327.0) Reported by user Bonam
FAS, FASBIT, and GRID (-details listed on Cryptostocks Early warning signs
https://bitcointalksearch.org/topic/cryptostocksfas-fasbit-hows-your-math-you-made-on-the-dividend-457431)
Reported by user nwfella
Disputed cases
BMF - incompetence/ internal fraud (DISPUTED) - ( details https://bitcointa.lk/threads/bmf-has-lost-access-to-its-wallet.321036/ ) Reported by user damiano updated by user fluffypony
BMF - incompetence/ internal fraud (-details user claims to have only lost 800 usd of clients money ) originally reported by Reported by user damiano disputed by user Usagi
pending detailsInputs.io - trade fortress Reported by user damiano
coinlenders- tradefortress Reported by user damiano
btc invest Reported by user damiano
WeExchange/Ukyo Reported by user thehun