Moolah Scam on Mintpal - Reporting Missing Coins - page 108.

BlockaFett

sr. member

Activity: 392

Merit: 255

Quote from: TiberiuC on October 15, 2014, 03:03:14 PM

My guess is Mintpal was insolvent since the hack, they agreed let Moolah(who wasn't doing very well) take over to reduce panic/gain trust of the users. Joining forces made it easier to look solvent. Maybe they closed the site for an "upgrade" because volume was declining and funds for withdrawals were running out. The 0% fees would atract new funds. The panic of running out of funds may have fueled all the incompetence.

it's an interesting theory. but why the constant delay tactics evasive answers from them on everything and BS like today there was a 'critical bug' so they took the site down and not that they are dissolving the company so it's open season on the customer coins. and why no response to any support tickets or emails - still anyone received anything but a generic response?

wolfcoin

newbie

Activity: 17

Merit: 0

bagholder checking in:

3.65 btc

All i can say is that if this isnt resolved and i lose all that btc i really hope these bastards get what they deserve - this is really terrible. And while I agree that we should hold back on the threats and the attacking of their privacy for the time being, if it turns out they are leading us on and no funds are returned, i say screw em as they will be nothing more than the worst kind of scammers...

In the meantime i will stay optimistic for tomorrows "A separate method of withdrawing funds will be made available on October 16th, 2014.".

If they open withdrawls and make good than I will have no hard feelings, theres a huge difference between a struggling business with finance/management issues and a carefully organized ploy to intentionally scam thousands of people out of what is probably millions of dollars.

muddafudda

legendary

Activity: 1008

Merit: 1022

Quote from: s1lverbox on October 15, 2014, 02:54:44 PM

Quote from: muddafudda on October 15, 2014, 02:32:00 PM

Can someone please do a Ron Burgundy 412BTC gif please

You tagged as scammer? Damn times are ruff this days. Mintpal going bust, users getting red tags all over the place. Its t

Yes the lack of trust moderation generally makes people ignore it.

snuffish

sr. member

Activity: 259

Merit: 250

Quote from: Crypto-in-tha-blood on October 15, 2014, 02:53:13 PM

"# USERS REPORTING: 97 out of 70,000"

The numbers you have generated are seriously only 97 accounts? Holy shit man.......

Luckily I pulled everything off the exchange after the VRC hack, and never put anything back on there. So my losses = 0.

lol, I think you have missunderstood something.. people here are posting which coins they're missing.

BlockaFett isn't Moolah/Mintpal.

TiberiuC

sr. member

Activity: 311

Merit: 250

Quote from: Walrusbonzo on October 15, 2014, 02:11:52 PM

Quote from: BlockaFett on October 15, 2014, 10:32:18 AM

Quote from: ?? on ??

http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Quote

As a result of this, Moopay LTD will be filing for bankruptcy and dissolution following the administration process; and ceasing operations. All client funds held in consumer accounts are safe, and can be withdrawn as per normal at this moment in time. If you fail to withdraw your funds before the platform is shut down on October 31st, you will receive an email asking you where you want your funds to go.

Again, all funds held in consumer accounts are safe – consumer funds are essentially held in the equivalent of a client trust account and are fully separate. You can withdraw them via the normal route up until the end of the month.

I hope

So let me get this straight...

In July Moopay Ltd announced they had 'purchased' Mintpal in July: http://www.coindesk.com/moolah-acquires-troubled-altcoin-exchange-mintpal/

Now they are saying they do not own it, they are just responsible for 'management': http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Which is great for them seeing as 2 weeks after launching a mickey-mouse website to replace it and many people loosing coins through missing balances or not being able to login, they now go into voluntary liquidation and tell people their 'coins are safe'

Lets think about it...

1. If Moopay Ltd do own Mintpal, people's coins are not safe - all assets will be sold and given to creditors and people have posited that coin holders will be last in the queue

2. If Moopay Ltd don't own Mintpal, then who the fuck does? Why did they say they purchased it, and if that's incorrect, why haven't they said who does? How does not knowing who owns the entity with everyone's funds in make those funds safe?

3. "MintPal will be coming down immediately – in light of critical errors being disclosed." - on the same day as they announce that they are liquidating their company voluntarily btw, they pull the site down without giving any reason other than 'critical errors', and people's coins are safe? Does anyone here believe this?

This whole thing is bullshit - trying to delineate Moopay Ltd from Mintpal and Moofarm, claiming the team have been jetsetting around fucking Asia during the failed launch, and that suddenly they have to liquidate due to rising costs and dropping revenue - they just launched a fucking exchange lol so what in 2 weeks they suddenly realized they can't pay their monthlies and had to make this decision now?

Unbelievable.

That pretty much sums it up as far as I can tell. One big scam.

My guess is Mintpal was insolvent since the hack, they agreed let Moolah(who wasn't doing very well) take over to reduce panic/gain trust of the users. Joining forces made it easier to look solvent. Maybe they closed the site for an "upgrade" because volume was declining and funds for withdrawals were running out. The 0% fees would atract new funds. The panic of running out of funds may have fueled all the incompetence.

s1lverbox

legendary

Activity: 2324

Merit: 1039

Quote from: muddafudda on October 15, 2014, 02:32:00 PM

Can someone please do a Ron Burgundy 412BTC gif please

You tagged as scammer? Damn times are ruff this days. Mintpal going bust, users getting red tags all over the place.

Crypto-in-tha-blood

full member

Activity: 140

Merit: 100

"# USERS REPORTING: 97 out of 70,000"

The numbers you have generated are seriously only 97 accounts? Holy shit man.......

Luckily I pulled everything off the exchange after the VRC hack, and never put anything back on there. So my losses = 0.

BlockaFett

sr. member

Activity: 392

Merit: 255

Quote from: crazyearner on October 15, 2014, 02:30:55 PM

Well from what I know mintpal is not done theirs another manage taking palce and to be honest why on earth mintpal sold to moola in first place is beyond me and now filing for bankrupt is a total joke but say they are being taken over by another company. site not accessible as in being fixed once am on again i will be cashing out if i have anything left

'fixed' meaning coins taken out lol

weredo911

sr. member

Activity: 270

Merit: 250

2.4m FLT
200k BC
147k VRC

BlockaFett

sr. member

Activity: 392

Merit: 255

Quote from: crazyearner on October 15, 2014, 02:30:55 PM

Well from what I know mintpal is not done theirs another manage taking palce and to be honest why on earth mintpal sold to moola in first place is beyond me and now filing for bankrupt is a total joke but say they are being taken over by another company. site not accessible as in being fixed once am on again i will be cashing out if i have anything left

sounds like delay tactics. everything they say is either claiming something went wrong without saying what, or that something is happening in the near future...as soon as the company is liquidated they don't have to answer to anyone. while its still trading and they are directors they have to watch what they do.

muddafudda

legendary

Activity: 1008

Merit: 1022

Can someone please do a Ron Burgundy 412BTC gif please

crazyearner

legendary

Activity: 1820

Merit: 1001

Well from what I know mintpal is not done theirs another manage taking palce and to be honest why on earth mintpal sold to moola in first place is beyond me and now filing for bankrupt is a total joke but say they are being taken over by another company. site not accessible as in being fixed once am on again i will be cashing out if i have anything left

TiberiuC

sr. member

Activity: 311

Merit: 250

0.65 SYNC missing

Walrusbonzo

hero member

Activity: 682

Merit: 500

Quote from: BlockaFett on October 15, 2014, 10:32:18 AM

Quote from: ?? on ??

http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Quote

As a result of this, Moopay LTD will be filing for bankruptcy and dissolution following the administration process; and ceasing operations. All client funds held in consumer accounts are safe, and can be withdrawn as per normal at this moment in time. If you fail to withdraw your funds before the platform is shut down on October 31st, you will receive an email asking you where you want your funds to go.

Again, all funds held in consumer accounts are safe – consumer funds are essentially held in the equivalent of a client trust account and are fully separate. You can withdraw them via the normal route up until the end of the month.

I hope

So let me get this straight...

In July Moopay Ltd announced they had 'purchased' Mintpal in July: http://www.coindesk.com/moolah-acquires-troubled-altcoin-exchange-mintpal/

Now they are saying they do not own it, they are just responsible for 'management': http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Which is great for them seeing as 2 weeks after launching a mickey-mouse website to replace it and many people loosing coins through missing balances or not being able to login, they now go into voluntary liquidation and tell people their 'coins are safe'

Lets think about it...

1. If Moopay Ltd do own Mintpal, people's coins are not safe - all assets will be sold and given to creditors and people have posited that coin holders will be last in the queue

2. If Moopay Ltd don't own Mintpal, then who the fuck does? Why did they say they purchased it, and if that's incorrect, why haven't they said who does? How does not knowing who owns the entity with everyone's funds in make those funds safe?

3. "MintPal will be coming down immediately – in light of critical errors being disclosed." - on the same day as they announce that they are liquidating their company voluntarily btw, they pull the site down without giving any reason other than 'critical errors', and people's coins are safe? Does anyone here believe this?

This whole thing is bullshit - trying to delineate Moopay Ltd from Mintpal and Moofarm, claiming the team have been jetsetting around fucking Asia during the failed launch, and that suddenly they have to liquidate due to rising costs and dropping revenue - they just launched a fucking exchange lol so what in 2 weeks they suddenly realized they can't pay their monthlies and had to make this decision now?

Unbelievable.

That pretty much sums it up as far as I can tell. One big scam.

s1lverbox

legendary

Activity: 2324

Merit: 1039

un.fucking.believable

Just remind all of you who is in charge: https://www.youtube.com/watch?v=-DT7bX-B1Mg#t=40

locoo1442

newbie

Activity: 15

Merit: 0

Quote

MintPal is currently down for a number of necessary changes and fixes. A separate method of withdrawing funds will be made available on October 16th, 2014.

BlockaFett

sr. member

Activity: 392

Merit: 255

Quote from: RichardMiner on October 15, 2014, 02:04:17 PM

I "lost" 202.000 UTC...

At the moment of putting this message it is like 12,22 BTC I lost ....

Believe me, they (Mintpal) did already new this and just scammed and fucked us !

Yup.

Did anyone actually get a response to emails or support tickets apart from the generic response on freshdesk: "Thank you for the email. Your issue has been passed to the migration team for investigation, and will be dealt with as a matter of urgency." ?

illodin

hero member

Activity: 966

Merit: 1003

I think I had ~2 million digibytes. I managed to withdraw everything else, but digibyte wasn't available in the "my funds" or w/e the page name was where you do the cashouts.

RichardMiner

full member

Activity: 181

Merit: 100

I "lost" 202.000 UTC...

At the moment of putting this message it is like 12,22 BTC I lost ....

Believe me, they (Mintpal) did already new this and just scammed and fucked us !

BlockaFett

sr. member

Activity: 392

Merit: 255

# USERS REPORTING: 97 out of 70,000

TOTAL MISSING (IN BTC)      412.89   BTC

MISSING BY COIN:

BTC   167.28
DRK   4,501
XMR   8,681
KARM   306,286,000
TES   107,532
EMC2   250,000
DOGE   4,305,000
CINNI   119,796
UTC   29,629
WC   961,322
SYS   99,250
CLOAK   6,600
FLT   4,181,584
BC   31,600
ENRG   1,501,000
MYR   5,407,000
USDE   180,000
PND   76,950,000
LTC   33
FAIR   25,000
ARI   792,679
SAT2   12,000
CAIX   9,159
MIN   9,600
CRYPT   1,000
VRC   10,432
XC   5,052
SDC   150
UNO   255
HIRO   3,356,699
MZC   1,300,000
SUPER   30,000

COINS RETURNED SINCE REPORTED HERE: 0

Topic: Moolah Scam on Mintpal - Reporting Missing Coins - page 108. (Read 227029 times)