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Author Topic: Moolah is filing for bankruptcy.  (Read 4551 times)
Ximp (OP)
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October 15, 2014, 12:13:55 AM
 #1

http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Regarding Mintpal:

Quote

As a result of this, MintPal will no longer be managed by Moolah (we do not own it, we are responsible for management). We have sourced a new management team for it, and the following will be occurring.

MintPal will be coming down immediately – in light of critical errors being disclosed. The new management team will be making a number of stability changes, UI improvements and bug fixes. They will also be handling the resolution of issues surrounding missing balances. An update will be following on mintpal.com shortly, with details of further timeframes.
mnl92
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October 15, 2014, 12:21:43 AM
 #2

It says this about mintpal

MintPal

As a result of this, MintPal will no longer be managed by Moolah (we do not own it, we are responsible for management). We have sourced a new management team for it, and the following will be occurring.

MintPal will be coming down immediately – in light of critical errors being disclosed. The new management team will be making a number of stability changes, UI improvements and bug fixes. They will also be handling the resolution of issues surrounding missing balances. An update will be following on mintpal.com shortly, with details of further timeframes.


I got a Connection failed error when I tried to view mintpal just now.
Micky Ron
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October 15, 2014, 12:24:41 AM
 #3

This was expected given the poor management.
iGotSpots
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October 15, 2014, 12:25:23 AM
 #4

Called it weeks ago. Sucks seeing a start up fail, but I don't feel much sympathy for this guy on a personal level

mnl92
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October 15, 2014, 12:29:41 AM
 #5

Who owns Mintpal if it's not Moolah?
Cryptock
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October 15, 2014, 12:31:31 AM
 #6

Mtgoxxed. We need regulations to hold these guys responsible for their failures.

.
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mnl92
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October 15, 2014, 12:41:38 AM
 #7

I just checked Mintpal again and it loads the following message.

MintPal is currently down for urgent bug fixes, and is additionally moving to new management (away from Moopay LTD). A statement will follow shortly.
doc12
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October 15, 2014, 12:47:25 AM
 #8

So now its quite clear were the btc monsterdump to 300$ came from .... Very big coincidence Cheesy
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October 15, 2014, 02:01:53 AM
 #9

total disaster.i doubt they will survive this.
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October 15, 2014, 02:34:13 AM
 #10

guess they decided to get a bunch of altcoins at firesale prices by acquiring mintpal
bomboclat77
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October 15, 2014, 03:09:32 AM
 #11

https://twitter.com/moolah_io/status/522144934875258880

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October 15, 2014, 03:26:37 AM
 #12

Funny.  After watching this video last week, my gut said it was just a matter of time before they imploded and it just reinforced my instincts to avoid mintpal.

http://www.liveleak.com/view?i=e63_1404777061

BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV
DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
muddafudda
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October 15, 2014, 03:32:10 AM
 #13

Lol. So I guess all the fud i spread is not fud. Suckers
cryptocoin12
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October 15, 2014, 03:34:35 AM
 #14

Quote
Thaaaaaaanks,

-Alex


Goxx'd
TaunSew
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October 15, 2014, 03:34:39 AM
 #15

So now its quite clear were the btc monsterdump to 300$ came from .... Very big coincidence Cheesy

How much BTC did you think people got goxed this time?

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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October 15, 2014, 03:38:58 AM
 #16

So now its quite clear were the btc monsterdump to 300$ came from .... Very big coincidence Cheesy

How much BTC did you think people got goxed this time?

However much the "hacker" was able to "steal" using "an exploit" to drain "all hot and cold wallets".


Sry guys!,

-Alex
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October 15, 2014, 04:10:09 AM
 #17

I guess now that they say they didn't buy Mintpal... and here they do

http://blog.moolah.io/2014/07/28/were-taking-over-mintpal-heres-what-you-need-to-know/

"As a result of this acquisition, we are intending to separate https://trade.moolah.io/ and https://mintpal.com/ as follows."

it can be safely assumed that nothing that Alex guy ever says can be taken as truth.

I wonder though, if they didn't buy mintpal then who the hell does own it and why was this just an elaborate ruse to make people think moolah owned it? hmmmm...

BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV
DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
adhitthana
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October 15, 2014, 04:22:09 AM
 #18

So now its quite clear were the btc monsterdump to 300$ came from .... Very big coincidence Cheesy

How much BTC did you think people got goxed this time?

However much the "hacker" was able to "steal" using "an exploit" to drain "all hot and cold wallets".


Sry guys!,

-Alex
What reason is there to think coins were stolen?
Coingrab
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October 15, 2014, 04:51:36 AM
 #19

Another day in crypto. Another scam. Wtf? Mintpal was the top exchange for a long time and pretty much got fucked to death.

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October 15, 2014, 05:40:20 AM
 #20

Called it weeks ago. Sucks seeing a start up fail, but I don't feel much sympathy for this guy on a personal level

Don't feel sorry for him.  He probably skimmed more than his share.   Wink

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