Moolah is filing for bankruptcy.

[Este Nuno]

That liveleak video speaks volumes.

Oh, and by the way people were duplicating currency, dumping it, and cashing out BTC from mintpal"v2" last week and moolah has their head so far up their own ass that they dismissed the reports as FUD and continued to let it run completely broken. Then surprise, surprise they don't have any money left.

[ethought]

$45,000 in wages and $22,000 in overheads per month.

I hope the uk government goes over them with a fine tooth comb and at minimum ban these guys from operating a business for 10 years minimum

Maybe if they had reduced staff / wages and overheads a bit they could have survived.

Seriously once an exchange is fully tested and running, how many people need to be working on it full time aside from some support staff?? $45000 in wages per month seems like a lot to me.

[Febo]

$45,000 in wages and $22,000 in overheads per month.

I hope the uk government goes over them with a fine tooth comb and at minimum ban these guys from operating a business for 10 years minimum

Maybe if they had reduced staff / wages and overheads a bit they could have survived.

Seriously once an exchange is fully tested and running, how many people need to be working on it full time aside from some support staff?? $45000 in wages per month seems like a lot to me.

Maybe they had nice salaries.

[muddafudda]

$45,000 in wages and $22,000 in overheads per month.

I hope the uk government goes over them with a fine tooth comb and at minimum ban these guys from operating a business for 10 years minimum

Maybe if they had reduced staff / wages and overheads a bit they could have survived.

Seriously once an exchange is fully tested and running, how many people need to be working on it full time aside from some support staff?? $45000 in wages per month seems like a lot to me.

Maybe they had nice salaries.

Yes and I suggest you all write to the uk government requesting a full enquiry. I would also like to know the legalities of announcing bankruptcy before filing it.

[Coingrab]

It was Moolah's mismanagement and bankruptcy that is fucking Mintpal. Mintpal needs a new owner/manager. Moolah's guys need jail time.

[Este Nuno]

$45,000 in wages and $22,000 in overheads per month.

I hope the uk government goes over them with a fine tooth comb and at minimum ban these guys from operating a business for 10 years minimum

Maybe if they had reduced staff / wages and overheads a bit they could have survived.

Seriously once an exchange is fully tested and running, how many people need to be working on it full time aside from some support staff?? $45000 in wages per month seems like a lot to me.

Maybe they had nice salaries.

Yes and I suggest you all write to the uk government requesting a full enquiry. I would also like to know the legalities of announcing bankruptcy before filing it.

They were incorporated in the US, right? Also, was there any confirmation that 'Alex' was his real name?

[shogun47]

Moolah fucked everyone over bad. 

[EvilDave]

ffs...and an eyeball roll.

The bastards have only been back up for 20 minutes and now they´re frigging bankrupt ?
I haven´t even had time to check if my balances are back after the first time they went down.....

[mnl92]

The Mintpal site is now displaying the message below, so you might still have a chance to withdraw your coins, though I would not count on it judging by their recent track record.

MintPal is currently down for a number of necessary changes and fixes. A separate method of withdrawing funds will be made available on October 16th, 2014.

[adhitthana]

That liveleak video speaks volumes.

Oh, and by the way people were duplicating currency, dumping it, and cashing out BTC from mintpal"v2" last week and moolah has their head so far up their own ass that they dismissed the reports as FUD and continued to let it run completely broken. Then surprise, surprise they don't have any money left.

Where was this reported?

[adhitthana]

The Mintpal site is now displaying the message below, so you might still have a chance to withdraw your coins, though I would not count on it judging by their recent track record.

MintPal is currently down for a number of necessary changes and fixes. A separate method of withdrawing funds will be made available on October 16th, 2014.

Well that sounds a little hopeful. I'd expect something different if there was no hope.

[Este Nuno]

That liveleak video speaks volumes.

Oh, and by the way people were duplicating currency, dumping it, and cashing out BTC from mintpal"v2" last week and moolah has their head so far up their own ass that they dismissed the reports as FUD and continued to let it run completely broken. Then surprise, surprise they don't have any money left.

Where was this reported?

First report I saw was in a couple of pastebins being posted on Poloniex's troll box. Since then I remember hearing some other reports of people having their balance not updated after withdrawing and such. But the pastebin itself actually had links to screenshots and proof. Wish I had saved the links. I'll go poking around to see if I can find them and post them here.

edit: found the pastebin! http://pastebin.com/bjbbUq9i notice this is Oct 8th!

People were dismissing the reports as FUD here too, or no? I haven't been keeping up with all the threads here.

edit2: https://twitter.com/moolah_io/status/520251319064354816

I can't believe they kept the exchange up the whole time. Amazing.

[12345mm]

As of posting this , I had a remaining balance of 1.98884393 BTC and 0.00126634 EMC2 and
0.00049135 FLT and 400.94980569 NAUT with mintpal ..... I submitted withdraw addresses , and submitted the
following user notes on their "Mintpal Standalone Withdrawal Tool" page:

"Thanks for the trading ... Sorry this what
I thought was a great website trading platform is going away ... Please
send all my remaining coin for my account balances for
carlinbeisner@hotmail.com to the addresses provided - 1.98884393 BTC to
16dCHmoq3kGhBw7RySYSsT92jWbwdquezz AND 400.94980569 NAUT to
NdM4zWg2M9STSuhwZB9ndKsLE2weGFCSAE - the fractional EMC2 and FLT are
irrelevant but I've provided withdraw addresses anyway. Please contact
me at carlinbeisner@hotmail.com if you need any additional information
from me. Thanks. "

I have also emailed the support dept
of moolah describing my issue in detail. So far , no BTC and no NAUT
have been returned to the addresses I have provided. Not exactly sure
what my or everyone's recourse is at this point? To whom/what agency
should I file paperwork with (in U.S.) to attempt to recover my funds in
the event that I and others are never returned their missing funds they
have requested a withdraw of from mintpal?

[12345mm]

OK ... a little poking around and I find http://www.actionfraud.police.uk is apparently? the correct resource for people to report online fraud in the UK (where moolah and mintpal were located / registered ?) yes ?