Igot: Bitcoin investors 'owed thousands of dollars' by struggling Australian exchangeAustralian-founded bitcoin exchange Igot appears on the verge of collapse, with dozens of customers and clients claiming to be owed hundreds of thousands of dollars.
Key Points:
Customers say they bought Bitcoin through Igot but never received them or a refund
A former Igot advisor claims the company was insolvent in 2014
The company's owner says the money will be returned to investors
The company, which buys and sells bitcoins on behalf of customers, has for months been unable to completely deliver on those bitcoins or refund their money.
Its owner Rick Day admitted to the ABC that he was struggling to pay customers.
"I am well aware that customers are affected and customers are really unhappy with this but I would like to show each and every one that we have not lost their money. We have not run away with anything and we will return the money," Mr Day told the ABC.
That, according to bitcoin investors, is little comfort.
Egyptian-born Akram Bekzada invested with Igot in 2014.
He has been trying to withdraw $13,000 worth of bitcoins since October last year.
read further here :
http://www.abc.net.au/news/2016-04-11/australian-bitcoin-exchange-igot-on-verge-of-collapse/7315894
