‘WE’LL BE RIGHT BACK!’ – SIGNS POINT TO EXIT SCAM FOR CRYPTOCURRENCY PLATFORM CUBITS
‘WE’LL BE RIGHT BACK!’ – SIGNS POINT TO EXIT SCAM FOR CRYPTOCURRENCY PLATFORM CUBITS-Users are venting frustration at UK-based cryptocurrency pockets and change Cubits after the provider went offline following alleged cost delays.
CUBITS WEBSITE DISAPPEARS OVERNIGHT
Cubits, the buying and selling identify of Dooga, a brand shaped in London in 2014, turned concerned in a authorized fight over allegations it was hacked previous this year, a court docket ruling within the company’s prefer in August.
While it stays unclear regardless of even if these authorized proceedings as a result impacted on Dooga’s business, officers have yet to clarify the actual trigger of the sudden outage, which started December 10.
The most contemporary tweet from the brand reads:
“We’ll be proper back! Our companies are lately unavailable. We’ll have Cubits up and operating as quickly as possible. Thanks on your patience.”
An same message has on the grounds that seemed on its foremost website, although Bitcoinist has obtained a 500 errors message whereas attempting to entry the official web site Cubits.com at press time.
A major reshuffle seems to be ongoing at Cubits. Max Krupyshev, CEO on the grounds that April 2018, resigned final month, LinkedIn information suggests.
Meanwhile, the company’s bills coordinator Eloise Debono’s profile on the social community consists of being a former “Representative” of infamous Ponzi scheme OneCoin and a shared article discussing regardless of even if OneCoin is “the new Bitcoin.”
BRB OR REKT?
Responding to the Twitter announcement, indignant messages defined weeks of delayed bills and a scarcity of information.
“I despatched funds (out) and it hasn’t turned up,” one purchaser informed Bitcoinist in a personal message.
The web site mentioned the withdrawal had carried out over every week ago, but after six enterprise days, nothing has turned up. I gets the police concerned if nothing changes.
Others complained that they'd been “getting invalid tackle message whereas making an attempt to send” bitcoin and are ready “two weeks” for withdrawals.
“Where have you ever been the final week. Since my case was escalated to the monetary team, or so that you say, you won’t even reply to my emails. That is unbelievably inconsiderate of your customers,” one other consumer writes.
BEAR MARKET TAKING ITS TOLL?
Cubits, an ostensibly valid brand operating on the grounds that 2014, has a historical past of enterprise conference participation as major sponsors with the newest being on the Malta Blockchain Summit in early November.
A additional narrative doubtless persisting within the minds of spectators is that of monetary buoyancy within the 12 months Bitcoin rate $3407.64 +0.14% misplaced near 80 percentage of its value.
Therefore, it’s manageable that even as quickly as valid companies corresponding to Cubits have all of the sudden discovered themselves insolvent. Tweeting “we’ll be proper back” may be a technique to purchase time (similar to Mt. Gox and Cointellect within the past) as executives disguise their tracks – although it is simply speculation at this level founded mostly on present evidence.
Meanwhile, cryptocurrency enterprise avid gamers have certainly been reporting major difficulties, with Mike Novogratz’s Galaxy Digital final week forecasting annual losses of round $136 million.
Bitmain, the embattled cryptocurrency mining giant, reportedly misplaced $740 million in Q3 alone.
Outages with out accompanying reassurances are meanwhile nothing new for cryptocurrency investors utilizing third-party cost providers.
As Bitcoinist reported, equally this 12 months and last, entities corresponding to Coinbase were plagued via a mixture of demand, technical problems and a scarcity of personnel available to treat complaints.
Entrepreneur and investor Trace Mayer has known as for a community-wide attempt to withdraw all Bitcoin holdings from third events on January 3, a flow he has dubbed ‘Proof of Keys.’
CUBITS WEBSITE DISAPPEARS OVERNIGHT
Cubits, the buying and selling identify of Dooga, a brand shaped in London in 2014, turned concerned in a authorized fight over allegations it was hacked previous this year, a court docket ruling within the company’s prefer in August.
While it stays unclear regardless of even if these authorized proceedings as a result impacted on Dooga’s business, officers have yet to clarify the actual trigger of the sudden outage, which started December 10.
The most contemporary tweet from the brand reads:
“We’ll be proper back! Our companies are lately unavailable. We’ll have Cubits up and operating as quickly as possible. Thanks on your patience.”
An same message has on the grounds that seemed on its foremost website, although Bitcoinist has obtained a 500 errors message whereas attempting to entry the official web site Cubits.com at press time.
A major reshuffle seems to be ongoing at Cubits. Max Krupyshev, CEO on the grounds that April 2018, resigned final month, LinkedIn information suggests.
Meanwhile, the company’s bills coordinator Eloise Debono’s profile on the social community consists of being a former “Representative” of infamous Ponzi scheme OneCoin and a shared article discussing regardless of even if OneCoin is “the new Bitcoin.”
BRB OR REKT?
Responding to the Twitter announcement, indignant messages defined weeks of delayed bills and a scarcity of information.
“I despatched funds (out) and it hasn’t turned up,” one purchaser informed Bitcoinist in a personal message.
The web site mentioned the withdrawal had carried out over every week ago, but after six enterprise days, nothing has turned up. I gets the police concerned if nothing changes.
Others complained that they'd been “getting invalid tackle message whereas making an attempt to send” bitcoin and are ready “two weeks” for withdrawals.
“Where have you ever been the final week. Since my case was escalated to the monetary team, or so that you say, you won’t even reply to my emails. That is unbelievably inconsiderate of your customers,” one other consumer writes.
BEAR MARKET TAKING ITS TOLL?
Cubits, an ostensibly valid brand operating on the grounds that 2014, has a historical past of enterprise conference participation as major sponsors with the newest being on the Malta Blockchain Summit in early November.
A additional narrative doubtless persisting within the minds of spectators is that of monetary buoyancy within the 12 months Bitcoin rate $3407.64 +0.14% misplaced near 80 percentage of its value.
Therefore, it’s manageable that even as quickly as valid companies corresponding to Cubits have all of the sudden discovered themselves insolvent. Tweeting “we’ll be proper back” may be a technique to purchase time (similar to Mt. Gox and Cointellect within the past) as executives disguise their tracks – although it is simply speculation at this level founded mostly on present evidence.
Meanwhile, cryptocurrency enterprise avid gamers have certainly been reporting major difficulties, with Mike Novogratz’s Galaxy Digital final week forecasting annual losses of round $136 million.
Bitmain, the embattled cryptocurrency mining giant, reportedly misplaced $740 million in Q3 alone.
Outages with out accompanying reassurances are meanwhile nothing new for cryptocurrency investors utilizing third-party cost providers.
As Bitcoinist reported, equally this 12 months and last, entities corresponding to Coinbase were plagued via a mixture of demand, technical problems and a scarcity of personnel available to treat complaints.
Entrepreneur and investor Trace Mayer has known as for a community-wide attempt to withdraw all Bitcoin holdings from third events on January 3, a flow he has dubbed ‘Proof of Keys.’
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