Bitcoin Forum

Am I hearing right?  Moolah (owners of Mintpal) are filing bankruptcy.  I guess if you have coins on the exchange you need to move them.

It's moolah.io that's gone bankrupt if I'm correct.

Mintpal should still be intact tho, of course moolah might just be lying/goxxing us..

They say they've got a new management team, but I'm pretty doubtful they'll be able to make a comeback.

You cannot move them right now because the site is currently displaying nothing but the message below.

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.

From what I understand, mintpal is not owned by moolah. The owners of moolah agreed to help manage mintpal.

I wonder why Moolah got into the management of Mintpal if they were nearly bankrupt?  Odd.

I'm definitely not sure of the specifics.

But I think that Mintpal's management was bought by moolah.io/alex green for around 700 bitcoins. I assume they went "Bankrupt" from lack of trading on the website after the hacking of vericoin in July, along with the recent crisis during Minptal's migration to "V2".

Or, they could be pulling a GOX on us, where they pretend to be bankrupt, while running away with the bitcoins scott free.

The thought makes me sick to my stomach.

I am thinking mintpal will continue to operate since its profitable...

As long as it doesn't keep getting hacked, it is probably profitable.

https://www.reddit.com/r/Bitcoin/comments/2jd5nb/moolah_ceo_and_mintpal_operator_alex_green_is/

I know the Moolah folks still have the bitcoin of the Sys developers.  Yikes. Can't guess what's going to happen there. :-\

edited to add:  well, I'll be surprised if the Sys devs get their money now. https://docs.google.com/document/d/10JYJZ8-e_0SIXsDz_b2MYJxq8fVZ37PsOK689e4Bnng/pub (https://docs.google.com/document/d/10JYJZ8-e_0SIXsDz_b2MYJxq8fVZ37PsOK689e4Bnng/pub)

Typical con artist behavior in that video. They get very aggressive and threatening when someone questions them and try to twist your words.

Lekker voor jullie!

Now you tell us!!

Still, why go to so much trouble to actually launch V2 and 80,000 accounts...
(I actually made about 10 trades on V2 and got about 50% of my funds out)...
Then stagger through a week of endless problems, long blog posts, etc... instead of just disappearing.

Maybe the Dude is a bona fide sociopath and enjoyed fucking with people.

Yep: https://bitcointalk.org/index.php?topic=824211.msg9218858#msg9218858

That thing is a mess
Well I'm sure there will be a withdrawl period
After which whats left in inactive accounts will be the exchanges gains especially in altcoins.

Heh.  I didn't know myself until yesterday.  He may be a sociopath, just biding his time until he can abscond with money.  Mintpal is still down for me and it's the 16th.

Mintpal will be back after some fixes, I don't think it have anything to do with moolah...

mintpal already lose 70% his customer because of this.
same like me , i will not use mintpal again if they have a plan to open their service again.

If not more.

https://www.mintpal.com/login seems to be up again. You could try logging in to withdraw your coins now.

I wish I could login and withdraw my money  :'(

https://www.mintpal.com/
There is a box where you can leave a message, I left about how much I am missing we'll see where this heads.

Site is up, well sorta

Platform Notes

Withdrawals are batched up and manually approved, and there may be delays due to the sheer volume that we are expecting.

The following daemons are currently unavailable. Withdrawals for these currencies will be processed as soon as possible.

FLT
KARM
MIN
XCR
XMR

The following daemons are exhibiting instability, and there may be delays with withdrawal.

FAIR
SUPER
TES

The following daemons are currently undergoing a rebuild / reindex. Withdrawals will be processed once complete.

BTC

All other daemons are currently functioning as normal.

Funny BTC is the one being rebuilt.  ::)  How long with this scam run now?

apparently moolah doesn't own mintpal just manages it that's what they said on the official post which could be a lie but who knows at this point.

Until I get my BTC and XMR back.

now Cryptsy is suffering with their problems ... oh boy

Yep, I think I'm going to use Poloniex from now.

the most trustworth alt exchange is run by the russian mafia  ;D

hahahahaaaaa



the problem is too many people (exchanges too) trying to take market share instead of increasing the size of the pie.  and in so doing they chase investors away.

The CC world is the only place that I can think of where no one has to lose.   We create money from nothing, we give the blueprints to anyone free, yet people are stealing money left, right, and center (everywhere you turn).

We should have a million billionaires by now but instead equity has dried up 70%.



 

Mining costs money.

Mining costs are mining cost, they are not currency creation costs.

The research and development that went into the creation of the currency cost money however ALL of those costs are so negligible its not worth discussion, never the less it was the creator's cost NOT our cost, the scheme was given to us free. 

Gold, silver, diamonds, oil, and any other natural commodity that could be used as a currency was created by God (at his cost) and given to us FREE, the mining we use to remove it from where it is to where we want it to be is not part of the creation process, its part of the extraction / transfer process. 

Notwithstanding, depending on the type of mining you are doing it could actually have multiple uses.  For example, your mining could actually solve PRACTICAL mathematical, or scientific problems this way the more you mine the closer we, as a society, get to solving REAL problems.   See 'Gridcoin' and 'folding coin' for more details on that.   

Still slowly doing withdrawls by the looks of it
Weapons in hand to hunt the people if they run off of course

The big dog ran away with 3700 btc! You do know that right? ;)

Still waiting patiently for mintpal to fix up the error... (assume its just a error)

there was no error, if you read between all of the fairly clear lines, Alex Green is a chronic con artist who essentially orchestrated the buy of Mintpal in order to raid it, as well as plunder the financial resources of his financial backers.  Green (just one of his many aliases) did not appear to have a long term perspective, to a sincere desire to "manage" an exchange on a day to day basis, the income is too small and too slow, it is apparent that he rather go for the "oh, I'm sorry this didn't work out, let's go bankrupt and start over or I quit" route.

Mintpal was relatively new to the crypto market, it developed nicely, had it not been for the hack it probably would still be sailing along.  However once in the hands of Moolah it suddenly suffered where it had no problems.  Remember, it was supposed to be taken off line to improve and upgrade security however when it came back online it was worse, in every way.  It was literally set-up to fail.

Mintpal and Moolah was like night and day, good and bad, the contrast was so sharp it caught everyone off guard.

glad i felt its no gonan work and has literally 0 BTCs there :)

A hack happen in mintpal? I though its more like in insider job..

Thanks for the explanation, do you think we would ever get back our BTC? another goxed :(

gox never gave back any money, not even the fiat that was scheduled to be mailed out.

nevertheless, I seriously doubt if any btc finds its way back to any investors without physical harm placed on the offenders

chronic con artist need a different stimuli to do right, arrest, jail, fines, and prison is not enough.  They need pain
and suffering.

Sometimes even this does not help.

I don't think it will help this Alex Green guy.  He's unrepentant.  Believe me, once this blows over I bet he'll be back with a new name and a new scam.  It's just too easy to scam in crypto for a guy like him to resist.

True enough these types will come back for more
The issue is that he has officially pissed a ton of people off so he rather be vigilant because someone out there is hunting for him
And will find him eventually (less the police of course)

Yup, its dead until btc withdrawal is allowed..

Anybody received any BTC from Mintpal yet?

kinda sorta, the guy that threatened, via twitter,  to kill himself if he didn't get this 150btc  was given back 50 btc by alex green/ryan kennedy -- if you want to count that.

So he has to threaten three times to get all his BTC back.

I send them a couple of dm's on twitter to but they don't care for a small amounts of .21 but whatever lesson learned.