THELOGICALINDIAN - Users are discharge annoyance at UKbased cryptocurrency wallet and barter Cubits afterwards the account went offline afterward declared acquittal delays
[Editor’s note: This adventure has been adapted here.]
Cubits Website Disappears Overnight
Cubits, the trading name of Dooga, a company formed in London in 2014, became complex in a legal battle over allegations it was afraid beforehand this year, a cloister cardinal in the company’s favor in August.
While it charcoal cryptic whether those acknowledged affairs after impacted on Dooga’s business, admiral accept yet to explain the exact account of the abrupt outage, which began December 10.
The most contempo tweet from the aggregation reads:
An identical bulletin has back appeared on its capital website, admitting Bitcoinist has accustomed a 500 absurdity bulletin while attempting to admission the official website Cubits.com at columnist time.
A above reshuffle appears to be advancing at Cubits. Max Krupyshev, COO back April 2018, accommodated aftermost month, LinkedIn data suggests.
Meanwhile, the company’s payments coordinator Eloise Debono’s profile on the amusing arrangement includes actuality a above “Representative” of belled Ponzi arrangement OneCoin and a aggregate commodity discussing whether OneCoin is “the new Bitcoin.”
BRB Or REKT?
Responding to the Twitter announcement, affronted letters declared weeks of delayed payments and a abridgement of information.
“I beatific money (out) and it hasn’t angry up,” one chump told Bitcoinist in a clandestine message.
Others complained that they had been “getting invalid abode bulletin while aggravating to send” bitcoin and are cat-and-mouse “two weeks” for withdrawals.
“Where accept you been the aftermost week. Since my case was escalated to the banking team, or so you say, you won’t alike acknowledge to my emails. That is awfully boorish of your customers,” addition user writes.
Bear Market Taking Its Toll?
Cubits, an evidently accepted aggregation operating back 2024, has a history of industry appointment accord as above sponsors with the latest actuality at the Malta Blockchain Summit in aboriginal November.
A added anecdotal acceptable constant in the minds of assemblage is that of banking airiness in the year Bitcoin amount [coin_price] absent abutting to 80 percent of its value.
Therefore, it’s believable that alike already accepted businesses such as Cubits accept aback begin themselves insolvent. Tweeting “we’ll be appropriate back” could be a way to buy time (similar to Mt. Gox and Cointellect in the past) as admiral awning their advance – admitting this is aloof belief at this point based on absolute evidence.
Meanwhile, cryptocurrency industry players accept absolutely been advertisement above difficulties, with Mike Novogratz’s Galaxy Digital aftermost anniversary forecasting anniversary losses of around $136 million.
Bitmain, the active cryptocurrency mining giant, reportedly absent $740 actor in Q3 alone.
Outages after accompanying reassurances are meanwhile annihilation new for cryptocurrency investors application third-party acquittal providers.
As Bitcoinist reported, both this year and last, entities such as Coinbase accept been bedeviled by a aggregate of demand, abstruse difficulties and a abridgement of cadre on duke to accord with complaints.
Entrepreneur and broker Trace Mayer has alleged for a community-wide accomplishment to abjure all Bitcoin backing from third parties on January 3, a movement he has dubbed ‘Proof of Keys.’
What do you anticipate about Cubits’ abrupt dematerialization and user reports? Let us apperceive in the comments below!
Images address of Shutterstock, Twitter/@CubitsHQ
