Moolah's CEO, Alex Green, and 2 other anonymous individuals bought Mintpal and contracted Moolah out to operate the exchange.
Moolah was essentially a ponzi. He took in 750+BTC from investors to start Moolah, then eventually bought Mintpal (with investors' money?) for himself instead of developing the Moolah products and services and contracted Moolah to operate Mintpal.
Thanks..Where did you get this information? |
|
|
|
$45,000 in wages and $22,000 in overheads per month.
Where do these figures come from? |
|
|
|
Mtgoxxed. We need regulations to hold these guys responsible for their failures.
Blame yourself for not keeping your funds at your own wallet and your own computer if you lost any. Correct Centralized exchanges and services have to go.
Whilst I'ma big fan of decentralisation, there are advantages of having a meeting place too. Do you know of any decentralised alternatives to exchanges? I know there are some ideas but I'm a bit hazy on how they work, Do you know? |
|
|
|
mintpal is a shit exchange.
Every alt coin exchange is shit. They have all been built from the ground up relatively recently. Mintpal has a lot of value still, to the right group. |
|
|
|
I agree but I'd like to but a few more while the market is depressed first. |
|
|
|
I don't know if the developer will pull this off. But if he does XST could be huge.  |
|
|
|
|
What I think happened.
1. Moolah was not making ends meet.
2. Seeing Mintpal having issues Alex Green hatched a plan and approached Mintpal offering a deal, which he thought could save Moolah.
3. Moolah never bought Mintpal, as Moolah didn't have any money.
4. Mintpal volumes were very slow returning to previous levels, and Alex saw the writing on the wall and put Moolah into receivership.
5. The story about "critical" issues and "bugs" at Mintpal may or may not be true, but they definitely need someone to manage the exchange
6. The coins are still "there."
It's more unlikely Alex is lying now as he will be opening himself up to criminal charges if he does now that Moolah is in receivership. Whilst big noting himself previously by talking of an "aquisition" of Mintpal is no crime.
|
|
|
|
Mintpal will not be refunding  Pooky relax. Why do you think such negative? Rule number one in crypto's either be wildly optimistic or depressingly negative. |
|
|
|
So now its quite clear were the btc monsterdump to 300$ came from .... Very big coincidence  How much BTC did you think people got goxed this time? However much the "hacker" was able to "steal" using "an exploit" to drain "all hot and cold wallets". Sry guys!, -Alex What reason is there to think coins were stolen? |
|
|
|
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, I think the Oct 21st deadline relates to Moolah not Mintpal As a result of this, MintPal will no longer be managed by Moolah (we do not own it, we are responsible for management). We have sourced a new management team for it, and the following will be occurring.
MintPal will be coming down immediately – in light of critical errors being disclosed. The new management team will be making a number of stability changes, UI improvements and bug fixes. They will also be handling the resolution of issues surrounding missing balances. An update will be following on mintpal.com shortly, with details of further timeframes. Mintpal is down but if it's not owned by Moolah then once the issues are resolved coins should be able to be withdrawn? Assuming there is someone to resolve them? http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/ |
|
|
|
Too late.... mintpal is down www.mintpal.com - Connection failed
Error code 8
The proxy failed to connect to the web server, due to TCP connection rejection (TCP Reset). Their blog says everyone has until October 31st to withdraw. It is likely down for maintenance reasons? I hope so I have about 7000 XC there. Where can i find the latest announcement? |
|
|
|
coins not dead +100% in 24 hours with a few baby steps, I don't own a single Aeon, but that still puts a smile on my face
Can I give you a few thousand coins for helping? That goes for smooth too. I would like to help in some way. I have enough coins and if you guys don't have any...or even if you do you are welcome to some. PM me an address if you like |
|
|
|
|
When is the Trex ICO starting?
|
|
|
|
|
So if we send BTC, we get to own "shares" or coins, in...? Some commercial entity? Not a PTY LTD entity....so what is it and what does it own?
|
|
|
|
All of the BTC raised will be spent as outlined in the prospectus.
Prospectus? So where does this venture fit in with UK regulators? |
|
|
|
What I meant was that for an investor that only looks at numbers the coin doesn't seem to do that well.
It's a top 20 coin by market cap. Not bad for a closed source coin. Price is fairly stable. |
|
|
|
|
Is Kristov Atlas reviewing the code?
|
|
|
|
I'd like to donate some Aeon to the people helping with this such as mere-mortal and smooth and Gpools. Just tell me your addresses |
|
|
|
Thats a good one and you might be right there but have any of you even given the person a chance to prove it..no you just wash it off and abuse him/her cmon you are better then that yeah?
Um...if he had "proved" it the coin would be a lot more expensive. |
|
|
|
|
Show Posts
