Cointerra bankrupt?

[DustyRah]

Hosted mining payouts have stopped but they continue to fleece new customers while letting them buy new hardware:

http://www.coindesk.com/cointerra-silent-bitcoin-mining-payout-freeze/

[DustyRah]

What recourse do customers have in this case?

[DrG]

I see they're taking a page out of the BFL playbook but they're a little more skillful.

[DustyRah]

Very clever indeed. Basically siphoned off all the funds and now calling it quits.

[newIndia]

Hosted mining payouts have stopped but they continue to fleece new customers while letting them buy new hardware:

http://www.coindesk.com/cointerra-silent-bitcoin-mining-payout-freeze/

Did not they provide the proof of real mining hardware and hence could attract people even at a higher price ?

[crazyearner]

I see they're taking a page out of the BFL playbook but they're a little more skillful.

I do not trust any of them company only ones I trust in are bitmain right about now and been very cheap too ill never got to anyone else unless can provide support like bitmain and have fast shipping or can do collection in person from

[starach]

Hi,
I just received a letter from United States Bankruptcy Court. Looks like they really went bankrupt...

Cointerra owes me 7K $ Please anyone give any advice that excludes strong rope or deep water...

[Amph]

as the price remain in that range more and more company will bankrupt

[mayax]

as the price remain in that range more and more company will bankrupt

I think the same. Nobody can mine with this price...

[GÜNther.Danish]

all cloud mining are scams

[mayax]

all cloud mining are scams

I won't say  ALL = "scam" but the question come when it's about profit. how can they get profit with 220 USD/BTC?

[MichaelNZ]

Today I received a notice from the United States Bankruptcy Court advising me of a meeting of creditors scheduled for ...

February 27
10:00 am
Austin Room 118
Homer Thornberry Building
903 San Jacinto
Austin
Texas 78701

I cannot attend as I live in New Zealand. If someone is planning on going would they be kind enough to post a review of the proceedings

[crazyearner]

Seems Cointerra really did go bankrupted however I do feel sorry for those who had remaining orders in place not going to get a refund only way would maybe contact the courts yourself to see if theirs any funds left within the company to be distributed however I do not see much being left or any assess left for people to claim back.

[MichaelNZ]

Did anyone go to the bankruptcy hearing 10 days ago ?