MCXNow Shutting down (Temporary)

[erk]

I'm afraid BCX is right. RS must be good on social engineering.

You should see how many people RS has chat banned over the past hour for like 99999minutes, basically anyone that is critical of him or the site, he is really loosing it. I don't think it's social engineering at all, I think it's the byproduct of a psychological disorder. He has total disrespect for his customers, he publicly swears at them, bans them, and of course rips them off as much as he can. He make Josh look polite!

[ByronP]

RS 's latest and greatest words!!! "i would fucking clock 80% of the users on this exchange i think" --- WOW is this the guy anyone ever really should trust to hold anything...

[gwedo]

What do you think when an exchange is closed (maybe temporarily, maybe not) after collecting millions of dollars from investors?

It was one man's exchange before the IPO, and he could do whatever he want that time. But now? After collected more than millions, then claiming cannot maintain it by one person, and cannot hire some talents to help you with millions of dollars? Unbelievable. Fortunately I did not invest on this guy and his website.

Incorrect. He was not selling shares of the exchange. He was selling shares of the fees the exchange generates. This is an important distinction because it protects him from legal action.

That is to say, you are fucked and have no recourse. I've been posting about this for months now.

@GoldSeal, got a screenshot of that? I'm gonna write an article about this and would love a record of all the ridiculous shit he's saying.

I think he planned this from very beginning. he is ugly scammer (he did all with accordance with law because he does want to enjoy his millions and not go to prison but it is clear that its scam)

[NeonRonin]

Temporary (real) or not, no one will ever trust MCXNow as a legitimate exchange again.  He just did a nuclear bomb to his credibility, which was already in question.  Thankfully, I never put more than I could afford to lose there for this very reason and questioned his whole long term lack of redundancy and his resistance to want to pursue fiat since it would have required him to register for legitimate business licenses and regulatory oversight.  Something he could have easily pursued and paid for with the funds that were raised for the fee shares.

Well played scamming the BTC.

[gwedo]

can we pursue them by law??

Probably, you would need to contact the Australian Federal Police Cybercrime division, they would be the only ones with the authority to track down RS concealed identity. The Australian Tax Office might investigate too if you tell them about the $millions involved, especially after the inputs.io saga was all over the media.

yes The Australian Tax Office might investigate when I have time I send them some polite announcement. Realsolid will be surely glad to speak to them in person.

[Snail2]

I'm afraid BCX is right. RS must be good on social engineering.

You should see how many people RS has chat banned over the past hour for like 99999minutes, basically anyone that is critical of him or the site, he is really loosing it. I don't think it's social engineering at all, I think it's the byproduct of a psychological disorder. He has total disrespect for his customers, he publicly swears at them, bans them, and of course rips them off as much as he can. He make Josh look polite!

The social engineering part was when he made so many people persuading each other about mcxFee.
BTW earlier today I've been surprised to see how many people still believing in him and willing to wait for his second coming in 1 to 3 month time... Cognitive dissonance I guess.

[NeonRonin]

Cognitive dissonance I guess.

'The greatest trick the devil ever played was convincing the world that he did not exist.'  -- Charles Baudelaire

[shakezula]

I think his quote above from the mcxNOW chat was his game plan all along.

No one should be shocked.


~BCX~

I think you're right. Now when were you going to turn your attentions to Cryptsy?

[GoldSeal]

I you are going to report him to Australian law enforcement, make sure you get his DNS record and print out the cooresponding ARIN whois info. They can get his identity from Amazon for those servers that he rented. Need this before his site completely disappears.

Non-authoritative answer:
 Name:   www.mcxnow.com
 Address: 54.214.18.121
 Name:   www.mcxnow.com
 Address: 54.214.21.135
 Name:   www.mcxnow.com
 Address: 54.214.21.183

Network
NetRange   54.214.0.0 - 54.214.255.255
CIDR   54.214.0.0/16
Name   AMAZO-ZPDX3
Handle   NET-54-214-0-0-1
Parent   AMAZON-2011L (NET-54-208-0-0-1)
Net Type   Reallocated
Origin AS   AS16509
Organization   Amazon.com, Inc. (AMAZO-47)
Registration Date   2013-03-19
Last Updated   2013-03-19
Comments   
RESTful Link   http://whois.arin.net/rest/net/NET-54-214-0-0-1

[GoldSeal]

BTW, here's in the Amazon AWS abuse page if you are interested. See the nice part at the bottom about how to contact them with a subpoena?

http://portal.aws.amazon.com/gp/aws/html-forms-controller/contactus/AWSAbuse

[phillipcooper]

Those supporting him have to. If they don't their shares are worth 0. If they have dreams maybe they will get a little back. That does not make it anything except a scam, but they can't have been burned as bad as you've been yelling.

[GoldSeal]

I can say with firm confidence that I will never knowingly do business with RealSolid or anyone that I know does business with him. I will not work with anyone so unprofessional and careless with other people's trust. I'm sure I'm not the only one who feels this way. So take that as a warning. If you do business with him, then you are dead to me and a lot of other potential customers.

[DeathAndTaxes]

Well can't say this was unexpected.  Still those who are claiming it is all legal to sell $12M worth of unlicensed securities without proper disclosures (a short PPM for a startup is generally 60 to 100 pages) and shut up shop less than a month later I have to ask WTF?

I mean what are you smoking?  Of course it isn't legal.  Then again NO bitcoin based security is legal HOWEVER generally securities agencies really only look for fire where there is smoke.  So if they don't get complaints they don't go looking.  Pretty sure securities agencies in Australia would be pretty interested in a $12M securities sale and company closure within a month.  Still given the history of Bitcoin scammers he may certainly get away with it, but stop with the "everything is 100% legal to steal $12M under false pretenses".


Before someone says "fee shares" aren't securities, don't make yourself look stupid.  They are called revenue share contracts and yes they are securities in just about any country.  http://www.bolstr.com/

I have owned some (not the stupid MCXFee shares real ones in franchises) and they are most certainly regulated.  RealSolid sold unlicensed securities.  That is a crime even if there was no other underlying crime.  The nature of the sale, insider trading, and shutdown certainly indicates it is more than just unlicensed securities but even IF it was just unlicensed securities that is a crime.  Period.   The reality is security laws exist to protect the issuer as well.  If facebook was an unlicensed security in the early days nobody would care.   Who is going to complain when to the SEC when your $1,000 investment is now worth $10,000,000.  However most business ventures fail and when they fail (even legitimately) people are unhappy.  The black and white terms of security offering and disclosure seek to indemnify the issuer against normal business failures (but not fraud).

[DeathAndTaxes]

I can say with firm confidence that I will never knowingly do business with RealSolid or anyone that I know does business with him. I will not work with anyone so unprofessional and careless with other people's trust. I'm sure I'm not the only one who feels this way. So take that as a warning. If you do business with him, then you are dead to me and a lot of other potential customers.

Do you know his real name?  If not they you probably will do business with him in the future just under a new pseudonym.  Scammers love marks and once they find a pool they won't stop coming back.  Hell even if you DO know his real name the fact that you went into "business" with a totally anonymous person means you probably will do "business" (wealth transfer from you to him) in the future.

[TracerX]

RS has removed the login link on the masthead, so for those of you trying to get your coins out, point your browser to https://mcxnow.com/login.html

Cheers.

[GoldSeal]

I can say with firm confidence that I will never knowingly do business with RealSolid or anyone that I know does business with him. I will not work with anyone so unprofessional and careless with other people's trust. I'm sure I'm not the only one who feels this way. So take that as a warning. If you do business with him, then you are dead to me and a lot of other potential customers.

Do you know his real name?  If not they you probably will do business with him in the future just under a new pseudonym.  Scammers love marks and once they find a pool they won't stop coming back.  Hell even if you DO know his real name the fact that you went into "business" with a totally anonymous person means you probably will do "business" (wealth transfer from you to him) in the future.

He can certainly change his handle, but solidcoin, mcxnow, or anyone affiliated with any of his established brands - I will avoid.

[GoldSeal]

Hey, does anyone remember the photo that he posted of his tooth? Does anyone have a copy of that image? I never took a look at the metadata on that file. There might be something there. Possibly a gps coordinate of his home.

Damn. I found it. https://i.imgur.com/eITMwYh.jpg

However, it's imgur and they strip the EXIF data. It is logged however and they will release it with a subpoena.

[seleme]

I'm afraid BCX is right. RS must be good on social engineering.

You should see how many people RS has chat banned over the past hour for like 99999minutes, basically anyone that is critical of him or the site, he is really loosing it. I don't think it's social engineering at all, I think it's the byproduct of a psychological disorder. He has total disrespect for his customers, he publicly swears at them, bans them, and of course rips them off as much as he can. He make Josh look polite!

He is psycho definitely, no sane man could act as he does.

[crypto_boy]

So sad to see those desperate people in the mcxnow chatroom, trying to keep there spirits up.  One guy even asked if he can still deposit his btc there.  Delusional.

[Amechan]

Hey, does anyone remember the photo that he posted of his tooth? Does anyone have a copy of that image? I never took a look at the metadata on that file. There might be something there. Possibly a gps coordinate of his home.

Damn. I found it. https://i.imgur.com/eITMwYh.jpg

However, it's imgur and they strip the EXIF data. It is logged however and they will release it with a subpoena.

What is the backstory on this pic?