CUBITS IS BANKRUPT AND WITHHOLDING USER FUNDS AS ONECOIN TIES EXPOSED
CUBITS IS BANKRUPT AND WITHHOLDING USER FUNDS AS ONECOIN TIES EXPOSED-Anger maintains to engulf cryptocurrency purchasing and selling platform Cubits after executives abruptly announced the brand was bankrupt, blocking all person funds.
CUBITS OWNER: FUNDS RECOVERY ‘UNSUCCESSFUL’
In a press launch dated December 11, Dooga Ltd., the UK-based entity purchasing and selling as Cubits, claimed “collusion” which led to a “criminal act” involving the lack of €29 million ($33 million) in February 2018 had pressured it to close down.
“Since February, Dooga has made each doubtless attempt to get well those funds,” the launch reads.
Unfortunately – opposite to expectations – those efforts were unsuccessful up till now.
As Bitcoinist mentioned December 11, officers had informed customers on Twitter that Cubits was undergoing “maintenance” and would “be proper back.”
An exact message had seemed on the company’s website, but on Tuesday this replaced to a 500 blunders message and the web site went offline.
A recent tweet then showed Dooga had entered administration, leaving already frustrated customers bewildered on the conflicting official information.
Cubits had begun delaying withdrawals through way of weeks, a few said, whereas one other informed Bitcoinist he was watching to contain law enforcement therefore of the brand withholding his money.
PAYMENTS COORDINATOR ENDORSES ONECOIN
At the exact time, curious job amongst senior management found out the company’s bills coordinator Eloise Debono to be an suggest of OneCoin, a defunct Ponzi scheme, which has attracted warnings from distinctive countries’ professionals over illicit practices.
“Bitcoin will probably be purchased and offered on many other exchanges, meaning you may be paying or receiving extra or much not up to you must be,” she wrote in a weird article in 2016.
OneCoin makes use of one centralised change known as OneExchange, the place there's a fastened charge for shopping for and selling. I personally suppose it is extra safe and much less volatile.
COO Max Krupyshev, indexed on LinkedIn as Cubits’ “head of crypto business,” left in November, weeks earlier than customers started to whinge about withdrawal and money entry problems.
LIQUIDATOR: CUBITS OPERATOR ‘SECURE’
According to the company’s administrators, customers will acquire official correspondence concerning the debacle within the coming days.
“Our aim is to gain the greatest end result for creditors many times on the earliest doubtless date,” Steve Parker from insolvency agency Opus Business Services Group commented.
“Dooga’s latest role is secure, investigations are proceeding and we may be writing to creditors, formally, this week.”
CUBITS OWNER: FUNDS RECOVERY ‘UNSUCCESSFUL’
In a press launch dated December 11, Dooga Ltd., the UK-based entity purchasing and selling as Cubits, claimed “collusion” which led to a “criminal act” involving the lack of €29 million ($33 million) in February 2018 had pressured it to close down.
“Since February, Dooga has made each doubtless attempt to get well those funds,” the launch reads.
Unfortunately – opposite to expectations – those efforts were unsuccessful up till now.
As Bitcoinist mentioned December 11, officers had informed customers on Twitter that Cubits was undergoing “maintenance” and would “be proper back.”
An exact message had seemed on the company’s website, but on Tuesday this replaced to a 500 blunders message and the web site went offline.
A recent tweet then showed Dooga had entered administration, leaving already frustrated customers bewildered on the conflicting official information.
Cubits had begun delaying withdrawals through way of weeks, a few said, whereas one other informed Bitcoinist he was watching to contain law enforcement therefore of the brand withholding his money.
PAYMENTS COORDINATOR ENDORSES ONECOIN
At the exact time, curious job amongst senior management found out the company’s bills coordinator Eloise Debono to be an suggest of OneCoin, a defunct Ponzi scheme, which has attracted warnings from distinctive countries’ professionals over illicit practices.
“Bitcoin will probably be purchased and offered on many other exchanges, meaning you may be paying or receiving extra or much not up to you must be,” she wrote in a weird article in 2016.
OneCoin makes use of one centralised change known as OneExchange, the place there's a fastened charge for shopping for and selling. I personally suppose it is extra safe and much less volatile.
COO Max Krupyshev, indexed on LinkedIn as Cubits’ “head of crypto business,” left in November, weeks earlier than customers started to whinge about withdrawal and money entry problems.
LIQUIDATOR: CUBITS OPERATOR ‘SECURE’
According to the company’s administrators, customers will acquire official correspondence concerning the debacle within the coming days.
“Our aim is to gain the greatest end result for creditors many times on the earliest doubtless date,” Steve Parker from insolvency agency Opus Business Services Group commented.
“Dooga’s latest role is secure, investigations are proceeding and we may be writing to creditors, formally, this week.”
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