Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed
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Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

THELOGICALINDIAN - Anger continues to absorb cryptocurrency trading belvedere Cubits afterwards admiral aback appear the aggregation was broke blocking all user funds

Cubits Owner: Funds Recovery ‘Unsuccessful’

In a press release anachronous December 11, Dooga Ltd., the UK-based article trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the accident of €29 actor ($33 million) in February 2018 had affected it to shut down.

“Since February, Dooga has fabricated every accessible accomplishment to balance these funds,” the absolution reads.

As Bitcoinist reported December 11, admiral had told users on Twitter that Cubits was ability “maintenance” and would “be appropriate back.”

An identical bulletin had appeared on the company’s website, but on Tuesday this afflicted to a 500 absurdity bulletin and the website went offline.

A fresh tweet again accepted Dooga had entered administration, abrogation already balked users addled at the adverse official information.

Cubits had amorphous dabbling withdrawals by weeks, some said, while addition told Bitcoinist he was attractive to absorb law administration as a aftereffect of the aggregation denial his money.

Payments Coordinator Endorses OneCoin

At the aforementioned time, analytical action amid chief administration appear the company’s payments coordinator Eloise Debono to be an apostle of OneCoin, a asleep Ponzi scheme, which has admiring warnings from assorted countries’ authorities over adulterous practices.

“Bitcoin can be bought and awash on abounding altered exchanges, acceptation you could be advantageous or accepting added or beneath than you should be,” she wrote in a bizarre article in 2016.

COO Max Krupyshev, listed on LinkedIn as Cubits’ “head of crypto business,” larboard in November, weeks afore users began to accuse about abandonment and funds admission problems.

Liquidator: Cubits Operator ‘Secure’

According to the company’s administrators, users will accept official accord about the beating in the advancing days.

“Our ambition is to accomplish the best aftereffect for creditors about at the ancient accessible date,” Steve Parker from defalcation close Opus Business Services Group commented.

What do you anticipate about the advancing Cubits debacle? Let us apperceive in the comments below!

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