So it's been a few weeks, even longer after checking the Reddit posts.
Anything more to back up the claims? I haven't come across anything, and this sort of issue usually causes an uproar.
Also are you the user who posted on Reddit? If not this is Plagiarism. For this reason and only this reason I will quote the OP
Canadian Crypto News:
As of today, 25/July2018, EZBTC.CA the Canadian crypto exchange is on the bust, it has no operational money, some clients have been unable to get withdrawals over CDN $1000 . Former Employees are owed back pay.
The 3 staff members in the Toronto office have quit 4 weeks ago because of 4 weeks lack of pay. There are no staff left in the Toronto office, the Toronto office is closed. The landlord for EZBTC is seeking rental areas for 1 month. If you live in Toronto, Go to EZBTCA office and check for yourself. There office was located at 36 Eglinton Avenue west on 7th floor. It is now closed.
Clients that have requested for fund withdrawals through electronic fund transfers in last month have not yet received their money, because their money was used to prop up new clients buying crypto.
Some of the Clients who received their fund withdrawal of over $2000 by checks in the last 1 week have had their checks bounced.
CEO Dave Smillie has said that he fired all Toronto and Vancouver staff for incompetency, but the staff are saying that Dave is a reckless drunkard with drug substance abuse with a gambling streak. The staff said that they quit because ezbtc was a pyramid scheme all along. They say that ezbtc.ca was fraud and scam all along ran by CEO Dave smillie. They say that Dave has squandered money for clients that funded their accounts through email money transfer or through bank wire transfers.
The only clients left with money are the ones that funded their accounts through cryptos. Coinmarketcap.com has also just reported that the total marketcap for EZBTC is only $8000 USD. You do the math.
Basically they say Dave is borrowing from Peter to pay Paul in a last ditch effort to stay afloat. He uses funding money from new clients to pay old clients that are taking out a withdrawal. But his injection of new clients has fizzled as many websites have started spreading the news.
The Vancouver Office only has three staff members, for which Dave and his brother are the other two.
Try calling through to EZBTC even 4 times a day for 5 days every day and see if your call will get returned. I have been calling EZBTC for the last 5 days, with only answering machine and no one has gotten back to to me.
I hope everybody will do the honorable thing to investigate it on their own and warn people who will potentially lose money and create a lack of confidence in the Canadian Crypto scene
Thank you very much
Coinbevy
