Topic: MB8 Coin - Team Doesn't Return Coins (Read 992 times)

Yeah exactly. Hindsight is a great thing, but when your trying damn hard to make it work so it doesn't fall in to a scam its hard, then when you stop well I don't blame anyone.

Exactly why everything is contracted, detailed and Indemnifier agreements in place, so even if our due diligence is wrong or changes at a later date, we are still in some form protected like this.

Not bothered about the bribe, I just wanted to shame the person trying to bribe me. Like I say, I can't change people's opinions, they have to do that themselves. All I can do is tell you what I know and the truth.

Well Dan I learned a lot more about this than I ever cared to and most of what you have to say sounds pretty reasonable. There's a fair amount of companies registered between you and Paul Stewart so it was hard to know exactly what companies you were referring to without saying them by name.

What it comes down to was you were developing infrastructure and leaving positive reviews for a Ponzi scheme that had been exposed as such more than a year prior.


It's always your role to do so. You should do it for your damn self to prevent stuff like this from happening again in the future.

Having said that, it sounds like you sincerely tried to make amends.

Sorry you were asked for a bribe during your short Bitcointalk experience but scam projects attract scammer participants, what can I say.

@nutildah

Thanks for the comment, however, I would like to offer some corrections to your statement which may better help you understand.

"he exhibits extremely poor judgment when choosing projects as a developer, and I would not have confidence in whatever he did going forward. The only actual difference is the legal liability part." Correct in some ways, however at the start of the project I was not in a position to perform due diligence and it wasn't my role to do so.

I have read through BehindMLM many times now, and I did flag it up at the time of the start of the project, but as stated in Post 1 of 2 the decision was not mine and I ultimately received enough in the form of confidence to continue. Maybe I was too trustworthy or Nieve, either way, there is no excuse so yes I agree with the poor judgement, and by F**K have I learnt from it.

"He did more than that, and I would say this is beyond "offering support:"
Correct, I've detailed in post 1 of 2 what contracts and roles I had.

Regarding the Google Review, if you were being employed by someone under contract with someone else etc etc you might have to give 5-star reviews on an app. It doesn't reflect the opinion of the company, moreover the app build and function. Nevertheless. If I can find out which account I made that from, I will seek to adjust it. So thanks for bringing that to my attention.

"Not true. He was also the co-owner of the company hired to develop the coin:"
This is not true. I have detailed who is who in Post 1 of 2. Rocketing Ltd which is mine and Paul's company was not contracted to build MB8 Coin and it was between Blockchain Scotland and Multibuy.

"According to Dan, Rocketing Ltd has been dissolved (though it is still listed as an active company). Both Dan and Paul Stewart are now part of a newer company called Cryptopal. "

I have not said Rocketing Ltd has been dissolved. I have said Blockchain Scotland Ltd has been dissolved as in Part 1 of 2. You can also check this https://find-and-update.company-information.service.gov.uk/company/SC568383

Rocketing Ltd is still operational.

"What does Cryptopal do? They facilitate the purchase of MB8Coin (a scam) using credit cards and wire transfer.  Roll Eyes And mind you, this is of Feb. 14th 2021, the date of the newsletter."

The purpose of Cryptopal was not only to facilitate payments using credit cards at all. It was to launch a start-up exchange. However, it was rebranded to Payex and abandoned at the end of 2020 due to the new UK FCA Regulations for Crypto which make it virtually impossible for startups to start.

We also ran MyPXD which was a beta launch of Payex to test functionality, this worked to some degree however required some changes. But as the whole lot was shelved it was also terminated.

The system you are referring to buying MB8 coin with Credit Card was built as an aid to volume support. You essentially were purchasing BTC which went to the exchange wallet, which then triggered a script to buy MB8 Coin on the exchange via the Whitebit API and then send the MB8 Coin to you. This was powered by Mercuryo who also provide (or did, I am not sure if they still do) provide BTC Purchase options for WhiteBit, Binance, HitBTC and other exchanges. We had to perform a series of due diligence checks and vetting to get onboarded. All of which were passed, and I presented the system to Mercuryo who accepted the system in principle, however, could not be fully signed off as no one used this system, which personally is understandable given the lack of reason to purchase it, the system was decomposed at the end of 2020.

Like I say. I have taken down or requested everything that is "Scammy" to be taken offline. Anything on my servers linked has been terminated, all my old telegram accounts deleted (meaning the groups no longer have any admins so are free to speak) I've done what I can here to help, but as I say. The time has come to move on in life, which is ultimately why I wanted this post taken down, not to run another ICO etc. It is to check historical things such as this are resolved, if they are file them in a shredder never to be seen again.

I never walk away from something without finishing it first. I am nearly finished with as much as I can possibly do, therefore this was the one of the last places to request the data to be removed.

I lesson I have learnt from all of this is, never to trust anyone! And if it sounds sales like, don't believe it!!

I can only say all of this, I can't make you accept it, that part is up to you. Plain and simple.

Thanks for giving me the opportunity to speak my reply. @DireWolfM14 I removed all previous comments as it seemed to be escalating and didn't seem to be worth the hassle, to be honest. If the public opinion is that of me and I can't change it then there is no point stirring it back up.

But here is my story, whether you accept it or not is entirely up to you.

In 2017 BLOCKCHAIN SCOTLAND LIMITED Company number SC568383 was formed with Robert Neate as the C.E.O and Director with Ian Stewart who is related to Chris Stewart and Paul Stewart, and in previous years Ian had ran successful businesses in TV Repair to which Paul and Chris both worked for, with it being a family company.

I did not start with the organisation Blockchain Scotland until November 2018, and I was not employed, I worked as a freelancer as I had another permanent job. My first job was to look at Masternodes and audit all available coins to see how the company which was running it's own mining centre could and how it would benefit from Masternodes. We launched a few websites sharing this data, I can't remember the exact name but it was something like topmasternode.com at the same time Chris and Rob were in talks with Multibuy and it's representative to create a Blockchain solution to replace or run alongside it's Eurocredit Platform.

During the due diligence checks, Multibuy World which was an Ad Rev Share scheme was brought up and dismissed as it was not part of SG Multibuygroup KFT in Hungary who we were ultimately contracted to build MB8 Coin. AML and KYC Checks were performed on the individuals representing the company and I believe this was passed, although I couldn't confirm this for sure.

As a freelancer or 'employee' if you like I don't question that of the higher management. I may voice concerns which I did on occasions however they were answered and I was happy with the reply.

However, things started to go a little bit south here. The ICO started in April 2018 and was meant to run for 6 months but ended up running for 12 months. By the end of the ICO, I was instructed to convert Eurocredit Classic which was the former currency of Multibuy World over to MB8 Coin via the Distribution system. Again I voiced my concerns not only about the connection between the companies but also the fact it liquidates the supply and essentially makes the ICO a little pointless. But again I received a response from management on both sides to which at the time I was "ok" but cautiously proceeded with.

During this distribution, it caused a series of problems for the system, purely because the system had not been designed to do this from the outset. It had been designed for someone to buy MB8 Coin and receive them during the distribution phase. Not to allow huge amounts of imports from historical databases. Nevertheless, we utilised the bounty import procedure to get round this. But, it did go wrong and took a few weeks to correct the data. But as far as I am aware it was all resolved.

When the ICO concluded it quickly became apparent to me that were some differences between what was said in the whitepaper to what as actual, one example being the wording "2100+ Buinesses ready to accept MB8 Coin". I was always concerned about this as at the point of conclusion there was no infrastructure to do this, and still do this day isn't.

In 2019 things started to fall apart at Blockchain Scotland, with higher management being off work or unreachable, which left only a few core team, including me to try and help the project we started MB8 Coin. But the company did not work and the Directors ended all our employments in October 2019. As I was a very public figure during the ICO process and even to this day for MB8 Coin, like Paul is too. We have always felt we need to do as much as we can to help, however at the same time I needed to have an income for myself.

My monthly payment like most of the team for this project was a flat £1500 a month, sometimes a little higher if I'd paid server bills and so on. But always around there. The reason I opted for a lower payment was to make the company (Blockchain Scotland) succeed to which point I would be made a shareholder or director. This never happened.

In 2019 at some point Myself Paul and Chris formed Blockchain Scotland DCP LLP in an effort to transfer everything over to a new management structure (Myself Paul and Chris) in an effort to save Blockchain Scotland Ltd and its the team from collapse, this was objected to and fell through, as such the company Blockchain Scotland DCP LLP was dissolved.

As no agreement could be made on anything and the project MB8 Coin was in limbo with no functionality being made available, myself and Paul had no option but to work together and try and make an income together to rebuild our lives. We formed Bitchain Scotland at the end of 2019 but renamed it to Rocketing Ltd in 2020 with the vision to do a wide range of things from land-based tasks to website building etc.

As I said earlier Myself and Paul were very public in MB8 Coin and as such even when we explained that Blockchain Scotland had ended we still had many community members contacting us asking for updates, and rightly so too, I completely understand everyone's frustrations when there is little or no going on. which leads us on to Rocketing Ltd is owned by Myself and Paul like it is said in the Multibuy Newsletter, but we did not create MB8 Coin and were not contracted to do so. We did have a total of three contracts with Multibuy which are detailed below. Rocketing Ltd was never intended to work directly with Multibuy, and in fact Multibuy was only 1 of our customers digitally.

1: To provide support via email, telegram Facebook and other sources.
2: To provide two versions of MB8 Coin Payment options for WordPress, One 100% payment and one being partial. Both were licenced and provided.
3: Provide volume support for MB8 Coin on the exchanges.

All contracts concluded by February 2021, some did not last long at all. Multibuy decided to take all the development, support and volume support in-house with their own teams.

That is the story and the truth. All I want now is to move on with my life and build websites to help small businesses get online. I am looking at other work which does have a form of crypto in it, but I will never attach myself to a company so much, and now myself and Paul are in control the due diligence will be done thoroughly. I am not being burnt twice.

I kind of hope that clears the air a bit. But I am not a scammer and take huge offence to be called that. Anyone that knows me well enough, will tell you I am the polar opposite and will give anyone my last penny if it helps them.

Ultimately its like this:

Whether or not this guy knew he was helping to build a scamcoin is irrelevant. Even if he wasn't in on it, he exhibits extremely poor judgment when choosing projects as a developer, and I would not have confidence in whatever he did going forward. The only actual difference is the legal liability part.

MultiBuy, the company that apparently hired our friend here, had been exposed as a MLM/Ponzi scheme well over a year before he would have been approached to build the coin and lead the community, or whatever he did on Telegram.


He did more than that, and I would say this is beyond "offering support":




Not true. He was also the co-owner of the company hired to develop the coin:

Feb 2021 newsletter

Not a whole lot about Paul Stewart, other than previous MultiBuy clients weren't impressed with the way Blockchain Scotland (a former company founded by both Stewart and Potts) handled the MB8Coin ICO.

https://behindmlm.com/mlm-reviews/multi-buy-world-review-e50-eur-adcredit-ponzi-with-e-commerce/

According to Dan, Rocketing Ltd has been dissolved (though it is still listed as an active company). Both Dan and Paul Stewart are now part of a newer company called Cryptopal.

What does Cryptopal do? They facilitate the purchase of MB8Coin (a scam) using credit cards and wire transfer.   And mind you, this is of Feb. 14th 2021, the date of the newsletter.

To be fair, the website is down. Maybe it occurred to Dan it was a bad idea to sell a scamcoin for fiat.


Did our buddy have a genuine change of heart and legit wants to clear his name, start his career anew and this time on the side of good?

Let's hope so.

It looks like he was going to, but then he deleted the post, along with all the other posts he made.  This morning I got the ninja-notice below, but the post was deleted before I checked the forum.  Maybe he figured to let sleeping dogs lie.



@danpotts91: Just for the record, the first two pages of this thread make it pretty obvious you were involved in a scam project.  If your involvement was merely incidental to the scam itself, then please explain yourself.  If I am proven wrong, I'll retract my statement and issue a public apology for calling you a scammer.

I was thinking about it and this would be a clever way to pile dirt on somebody's reputation... I guess we won't know until we hear what he has to say about it.

FWIW Dan I'm willing to hear out what you have to say, maybe there's an explanation we haven't considered.

So, your trying to remove any reference to your participation in previous scams so your future scams don't suffer bad PR before they can start scamming.  You probably thought that was a very clever idea when you first had it.  What happened instead is you just informed everyone on the forum that Dan Potts is a scammer.  

Thanks for the warning, before this thread was bumped I has no clue who Dan Potts was.

You didn't know MB8 was an MLM scheme? Those always end poorly for the majority of participants. Loss is an inescapable outcome. What is it that you hope to move on to after this?

MB8 was accused of being a Ponzi long before MB8Coin was a thing.

https://behindmlm.com/mlm-reviews/multi-buy-world-review-e50-eur-adcredit-ponzi-with-e-commerce/

This was published and floating around the web waaaay before MB8Coin ever came into existence. You didn't want to perform the slightest due diligence before throwing your supposed "reputation" behind this project?

I for one would not trust any project you attached your name to. It's also weird that the MB8Coin profile scrubbed their post history around the same time you created an account here.

You decided to work with criminals. You bear the outcome.

I am not sure what's going on here, but someone who has access to their MB8Coin Bitcointalk account deleted all messages from his ANN thread a few days ago.
OP, you know, even if you delete this thread, everything is archived and it's possible to find it again on https://ninjastic.space/
it all seems to me like they want to start a new project again, but I don't see what new they have to do.

The coin appears to be a dead scam. The website hasn't been updated in months. What has changed since this that anyone needs to be aware of?




That's your community and reflective of the community you built. Speaking of your community, let's see what's been happening in your Telegram group lately.

May 2nd

May 23rd

May 24th

What is MultiBuy, anyway? It's a MLM/Ponzi scheme, of course.

https://www.trustpilot.com/review/multibuyworld.com

So what exactly are you doing here, reviving this thread after two years? Really hoping to resuscitate your reputation or something? If so, I would say that went poorly.

OP or any of the mods should lock this thread. Issues have all been resolved and the web wallet has been decommissioned. Case closed!

I have the same problem. Coins appeared in my wallet and then disappeared. Support does not respond to emails. There are no answers on the telegram channel. So the problem is not solved and this thread should not be blocked.

Update:

And they responded to my appeal



The moment the coins entered the wallet, they were transferred to an external wallet that they do not hold. Are they laughing at me? Given that this is not the first case, I believe that the team is cheating with payments to participants of the bounty company.

And then they added this answer

You do something wrong there. It is very clear in the bounty thread. No ETH address, you are asked for email address. I guess now is too late to change email address, but it seems it is your fault.

I guess you are talking about bounty rewards. As I know, you need to provide the email address registered on his platform to receive coins from the bounty. It's no matter which addresses you entered when participate, he sent rewards to his web wallet accounts. Try to reset the password if you are registered there, it's possible that your coins are still there.

I hope all people issues are resolved before the end of this month when the web wallet will be decommissioned. I still see people complaining at the telegram channel about their problems but team is actively resolving them.
As far as your concern about the price, in past few days all the alt coins are facing this issue because of the bitcoin dump. The situation will recover quickly.

With this, I think we all have come to a happy ending. It will be quite understandable if the OP will lock this thread then since all issues have been resolved. It is sad however that the MB8coin is taking a serious beating from the market at this time.

This is now working and I got my coins on my wallet.

Was happening something wrong and strange, when I pressed the reset email the link on the following email was wrong and the email was for another account.

Thanks to a guy on telegram they quickly fixed it and I was able to move my coins.

You and me had the same issue and they also send me the same thing to change the password. Before that they also send the email in which  they told that when i made the previous transaction the maintenance was going on and the coins did not transferred. but now the issue is noted and resolved.
I changed my password as directed and my funds were back in my account. Now i have successfully transferred them to my desktop wallet.

You may follow the steps and recover your funds too.

This story is now assuming a strange behavior.

They answered my email. They said "RESET YOUR PASSWORD WILL WORK"


Surplice this is not working.

7 days left, 3 email sents and 0 answers. Let's see what happens...

The hope is that they will are fixing the problem.

They also post this on his official Twitter:


https://twitter.com/MB8Coin/status/1175353057951059968?s=20

coinlocket$, panic not. Just send a message  from your MB8 dashboard. Scroll to "Contact Us" and fill the necessary box and compose your mail. It works faster than sending to "support" I bet you will have the issue resolved within 48hrs.

I did a transfer to my desktop wallet and having the same situation as of yours.  and there should be no approval thing i guess or is there any ?
The wallet immediately shows Zero Balance but there is no sign of transaction on the chain.

Here is the Web wallet address which shows that it still holds the coins but i see zero on my web wallet.
https://explorer.mb8coin.valar.io/address/MAievqnwXPsoTnEtW6SRQY2Whbs6tRR4Rn

Here is my address which is empty.
https://explorer.mb8coin.valar.io/address/MWQSw3UypuJRdGUkPH6NYz1FVFj4DhoWAh

Yes, The transaction between web wallet and wallet never happened, but tokens when to 0 anyway on web wallet even if tokens seems to be on my wallet on the blockchain.
It seems to be stuck till an approval, I send a mail to them but till now I've got only an automatic response.

10 days for losing tokens...

I still use v1.1.0.0-693d7db-dirty, but it seems synced correctly. My wallet is on 96333 block
@coinlocket$ Did you check what explorer says about your transaction? https://explorer.mb8coin.io/

I've downloaded and installed the last version they have on their website, 1.2.1 64 bit.

Which version of wallet are you using? Is that any of 1.0.x? There is a new version released 1.2.1 and the previous version aren't anymore supported. I think that may be the issue.

Yes is fully synced, Is almost 3 hours now, maybe is a normal time of waiting I don't know.



Maybe it needs a manual confirmation from them, I don't know how it works.

Yahoo62278 isn't saying any of that; he's just saying banned members are not permitted to make any posts outside of Meta, and then only to appeal a ban.  I understand the frustration here, though I can't say I understand exactly what went on, whether it was some sort of social engineering attack or an outright scam.  The whole web wallet thing seems very sketchy to me, but I'll refrain from pointing any fingers here since it looks like some members got their issues resolved.

If I may make a suggestion here:  will everyone please stop quoting huge images and blocks of text in their replies?  It's making this thread a pain in the ass to read and makes for way more scrolling than is necessary.  Thank you in advance.

I am pleased to inform you that i got my coins in my web wallet and my issue is resolved. Thank you team. 



Has your desktop wallet fully synced ?
By the way i will be transferring my coins in web wallet later tonight and will let you know if it is successful or not.

I've just pressed the "send funds" (10 minutes ago) from web wallet to my wallet, tokens went 0 instantly on the website but I can't find any track of the transaction.

Is it normal? How long it takes to see something about my transaction? I can't see anything on the explorer too.

Something seems strange here with the balance.

Good that your issue is resolved. But mine issue is not resolved and i still did not got my coins.

Can the support help me recover my coins ?

Oh dear! Another victim. I wonder what could have prompted them to withdraw already sent reward/payment for a job well done. And support is still not yet responded to my mail too.

Edited: Issue has been resolved now and the coins sent back to my wallet but with around 20coins or so still missing.

I login my wallet today and found exact same scam happen to me too. I have worked so long for this bounty and so disappointed to found all the tokens moved by the company. I have emailed the support too but no one replied. Can anyone help me restore my coins ?

Yes. I don’t know what’s wrong is with wallets, but the team answered to me.

Have you received back your coins? I still haven't heard from the team till now. This is really taking time.


I still haven't received any reply from you even after sending you a pm. Who should I talk to on this issue, please?

Ok, what plans do you have in future ? What is your telegram channel where you wil not delete me, and I can watch announcements?

Wow! This is so sad. I just checked my wallet now and discovered the same thing happened to me. I did Facebook and Telegram bounties but now All my coins gone.

Edited: Kindly check your pm. I sent you more detailed evidence and will be willing to provide whatever you seek to prove my claim.

Ok, I will see, if all is good, before what date I need to transfer funds to the QT?

I had the same problem, after around 1 week of emails I got my tokens back, ty for support.

What next? You will sell your honest and investors for my 42000 tokens? That’s sad)))

I don’t know why that account was banned, what is the matter? I done my job last year, and account have been banned a couple of month.
I don’t deserve  my money back ? Really? I made job for free? Yahoo you like doing job for free?
And I watch your spreadsheet, I have 28000 for first round , and 14000 for the second . And MB8 think that we all are stupid! #188 in Twitter, #157 in Facebook , #152 in telegram. What next ? You need my ID? Stop scamming people. Why you deleted me from your telegram?  Yahoo, you are a smart guy, U must understand that they first deposit me tokens, but after that they took it back! Is it normal for you ??

While I feel that mb8 should respond to all accusations and provide proof 1 way or the other or an explanation of a situation, that does not take away from the fact that you are not allowed on this forum. You are currently evading a ban.

my spreadsheet username was A7373, but what is the matter? You don’t see that you stole my coins from wallet? You don’t watch pictures or maybe you just want to scam your community ? And don’t want to give me my coins? You DELETED me from your telegram channel! And your support doesn’t answer me about a weak! I already said to you that I’m not alone and you will return me my reward, I don’t need anything else.

Seriously? Where is my username on your spreadsheet  ? I brought you the login and email address on your site where you sent me the tokens and took it that day!!!  Joker? Repux were jokers also
If a person was busy, on vacation, sick, away, do you think that you have the right to deprive him of the reward? Do you work in a circus?
I already wrote to you and dropped the screen of how many tokens I had, and how many were gone that very day. Than dolve you will justify the worse for you. Read my first post carefully again , and if you want your project to become very popular from a bad point of view, then my team and I will make it  for you, this is a matter of principle. Everyone should get what they deserve!
And do not bear the nonsense that you cannot return the funds, this is the site, just the page of the site with numbers, this is not a blockchain, you do not have it.

He didn't lost, the team stole his reward to the same wallet!
I have the same problem!  LOOK HERE : https://imgur.com/GOfoDCX
A year ago I made a huge work for these guys, joined a lot of campaign, and recieved to my wallet 34386 coins MB8.
At the same day these coinds were transfered to the team wallet.
The team  completely ignores my requirements, blocked me in social networks.
I know that you do not want to return to me my tokens that were taken back from my web wallet.
But I know what to do with such scammers!
I’ll tell them frankly, I’ve been in cryptocurrency for a long time, I know a lot of people, I have two community telegram channels of 1,500 people that are my friends, and I want to tell them that they can ask administrators  of Redme, Repux.io  (huge projects) , these companies lost all their investors because they did very stupid things with their bounty hunters. They had to pay a fee in full to us and all they lost everything. In MB8 case, I would recommend that they return guys funds to their accounts, otherwise I will be forced to write to my friends bloggers, telegram channels,  and Bitcoinalk about how MB8 behave like thieves. We do not like scammers, return what we earned and do not need anything else. We have nothing to lose.
my account is [email protected]

Was the web wallet the type you have control over your private key or the centralized wallet were the service providers can access your funds without your permission. I'm trying to understand what really happened because sometimes hackers target web wallet to withdraw coins of newly launched projects. The team haven't confirmed that they were the ones that withdrew the coins (that's just the evidence I was looking for when readings your OP).

I'm sorry for your lost but right now we just have your word  against theirs, yours is saying "they withdrew the coins"  while theirs is saying "they didn't". Maybe if you can get more affected individuals to come state their experience or give us more reason to believe the team moved the coin then will can tagged the account representative on the forum and also support your flag (when you create one).

This post is no longer valid and can be deleted by the mods. Thank you!