Moolah Scam on Mintpal - Reporting Missing Coins

[ofeefee]

I got most of mine out over the past few days, but we have about 50+ million FLT on mp we have been tracking.

For me personally
.03 btc
8k Flt

[baddw]

190 DRK

[BlockaFett]

To be honest, I had some dust btc. I withdrawed them from Mintpal V2 them without problem.  

thanks Karim

If people DID get there coins back, or reported them missing here and got them back later, please say, so we can get an accurate picture.

[ethought]

I am not sure.  

I had not used Mintpal for a few weeks prior so not sure what coins were on there, but usually leave 0.5 BTC on the bigger exchanges - just in case..

[TimC]

I was usnig them to trade LTC and KARMA so here is what I had/have locked on their site

4.23 LTC
3.786 mil KARMA

[vizique]

I'm being told that 2 of our larger holders have over 300K BlackCoin between them on MintPal

Why?  god knows, we've all seen the shit exchanges cause when they go bang.... so you would have thought people would know better right?

I feel for these guys.

However, we dont know what the outcome of all this is yet so Glass Half Full for now.

Viz

[ofeefee]

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

As a result of this, Moopay LTD will be filing for bankruptcy and dissolution following the administration process; and ceasing operations. All client funds held in consumer accounts are safe, and can be withdrawn as per normal at this moment in time. If you fail to withdraw your funds before the platform is shut down on October 31st, you will receive an email asking you where you want your funds to go.

Again, all funds held in consumer accounts are safe – consumer funds are essentially held in the equivalent of a client trust account and are fully separate. You can withdraw them via the normal route up until the end of the month.

I hope

That is for moolah, mintpal?  Same apply? problem is that balances just vanished and after two weeks they were still not showing.

[ofeefee]

This has to be in the multimillions on mp

[forsaken999]

Why are people saying coins are lost? They never said mintpal had lost the coins or was being closed? Just down temporarily. Chill yo beans.

Just as said here - http://blog.moolah.io/2014/10/15/the-reports-of-my-death-have-been-greatly-exaggerated/

[vvvortex]

1.1 BTC missing after attempting to withdraw. Error failed-cancelled but balance is 0. Support ticket open for 2 days but I'm not hopeful after this recent news.

Good luck all

the same situation 6,5 btc, this is strange becouse 0,1 btc 30 minutes befeore withdraw 6,5btc was ok.

Same here 0.5 btc attempted withdraw 4 days ago...same error-failed.  This was after the v2 upgrade.  Only one response from support acknowledging that there was and issue with failed withdrawals and someone would get back to me after things were resolved.

[oshnap]

Why are people saying coins are lost? They never said mintpal had lost the coins or was being closed? Just down temporarily. Chill yo beans.

Just as said here - http://blog.moolah.io/2014/10/15/the-reports-of-my-death-have-been-greatly-exaggerated/

That is the same bullshit story. Why would they upgrade to a platform that doesn't work? What kind of professional development team would have pushed a new version live without it being fully unit tested? It really seems like classic delay tactics while they cashout their stolen coins.

[Namsbreh]

Lost 10 XMR after the transition to V2.

[BlockaFett]

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

As a result of this, Moopay LTD will be filing for bankruptcy and dissolution following the administration process; and ceasing operations. All client funds held in consumer accounts are safe, and can be withdrawn as per normal at this moment in time. If you fail to withdraw your funds before the platform is shut down on October 31st, you will receive an email asking you where you want your funds to go.

Again, all funds held in consumer accounts are safe – consumer funds are essentially held in the equivalent of a client trust account and are fully separate. You can withdraw them via the normal route up until the end of the month.

I hope

So let me get this straight...

In July Moopay Ltd announced they had 'purchased' Mintpal in July: http://www.coindesk.com/moolah-acquires-troubled-altcoin-exchange-mintpal/

Now they are saying they do not own it, they are just responsible for 'management': http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Which is great for them seeing as 2 weeks after launching a mickey-mouse website to replace it and many people loosing coins through missing balances or not being able to login, they now go into voluntary liquidation and tell people their 'coins are safe'

Lets think about it...

1. If Moopay Ltd do own Mintpal, people's coins are not safe - all assets will be sold and given to creditors and people have posited that coin holders will be last in the queue

2. If Moopay Ltd don't own Mintpal, then who the fuck does? Why did they say they purchased it, and if that's incorrect, why haven't they said who does?  How does not knowing who owns the entity with everyone's funds in make those funds safe?

3. "MintPal will be coming down immediately – in light of critical errors being disclosed." - on the same day as they announce that they are liquidating their company voluntarily btw, they pull the site down without giving any reason other than 'critical errors', and people's coins are safe?  Does anyone here believe this?

This whole thing is bullshit - trying to delineate Moopay Ltd from Mintpal and Moofarm, claiming the team have been jetsetting around fucking Asia during the failed launch, and that suddenly they have to liquidate due to rising costs and dropping revenue - they just launched a fucking exchange lol so what in 2 weeks they suddenly realized they can't pay their monthlies and had to make this decision now?

Unbelievable.

[paradigmflux]

I had 1200 XC
Around 800,000 HIRO

So are we going to ever be able to get our coins off that shithole?

[Xardasim]

Lost 4.8k BC and 0.2 BTC 

[apesconcert]

Lost 450k MYR

[snappa4ever]

maybe when new management comes the balances will be given back to the users they need to do this soon.

[cryptohunter]

3000xc
500k wc
0.8btc

[BlockaFett]

maybe when new management comes the balances will be given back to the users they need to do this soon.

Ok but we don't know who the new management is right?

And now apparently we don't even know who owns Mintpal and therefore legally responsible for the funds because Moolah now saying they don't own it?

So lets say we sit around and wait and the site *doesn't* come back up, what then?

Isn't this just another delay tactic so they can get as far away as possible from this and after the fact its going to be 100x harder to try to go back and get funds?

EDIT: Need criminal investigation now, they need auditors to go in and get the wallets, find out who owns the company, get an injunction to stop them running off.  Even if there was 1% chance the site will come back do we believe them based on the last 3 weeks and so we sit around and wait?

[Yygo]

My friend lost ~570XC, account missing.