What ever happened with Poolins IOUBTC

[Mr-APC]

Anyone actually heard any updates news on these?

I know the story and sort of gist of the whole situation with them turning everything into IOU tokens that are pretty much worthless, but nothing else has come to light over the years.

Have people just taken it on chin and moved on?

Anyone started legal proceedings?

CEO vanished?

[Gigachadddddddd]

No idea :/

[sherineghazal]

I keep checking every month and nothing. they just stole our BTC, its so frustrating and no one is talking enough about it!

[Mr-APC]

This is what I mean , nothing has been said or even mentioned.

Now I know my tiny amount is nothing but I am sure someone is losing alot more than me

[Mr-APC]

Bump! Anyone?

[Mr-APC]

posted up on reddit as well and it seems a few people have shown an interest but nothing much has come from it.

[danieleither]

Anyone actually heard any updates news on these?

I know the story and sort of gist of the whole situation with them turning everything into IOU tokens that are pretty much worthless, but nothing else has come to light over the years.

Have people just taken it on chin and moved on?

Anyone started legal proceedings?

CEO vanished?

I know nothing about this scheme or situation, however I was originally using Poolin for all of my farms, had no problems for years, then suddenly the payouts stopped. I checked my control panels and everything looked normal (and therefore no reason to not receive the payouts). I waited a couple days but still no payouts, at which point I changed to F2pool and eventually forgot about it. I lost about $3000 of BTC, which today would have been worth much more.

Is what I encountered above related to the topic of this thread?

[huttler]

Bump on this thread. Anyone have any new info? I still have a lot of garbage IOUBTC that can't be traded on any exchange

There was a court case against Poolin in which they lost, but they didn't care:
https://www.coindesk.com/policy/2023/01/06/singapore-arbitrator-rules-against-mining-software-firm-poolins-iou-model-but-the-firm-hasnt-paid-yet

[Mr-APC]

Bump on this thread. Anyone have any new info? I still have a lot of garbage IOUBTC that can't be traded on any exchange

There was a court case against Poolin in which they lost, but they didn't care:
https://www.coindesk.com/policy/2023/01/06/singapore-arbitrator-rules-against-mining-software-firm-poolins-iou-model-but-the-firm-hasnt-paid-yet

Going bump this up as well.

i find that next to no one is really talking about it, even now after all this time later. they were one of the BIGGEST mining pools going.

join the telegram group and you get kicked and banned for mentioning it.

no news articles mentioning the IOUBTC scam.

no updates on the 'plan'

no mention of Kevin either