THELOGICALINDIAN - Several users of LawAnswers an Australian online appointment accept been claiming to accept paid over 10000 to the Queenslandbased cryptocurrency barter bitXoin for bitcoins they never received
From what we could find, it appears that bitXoin’s online boutique is now closed.
One of these afflicted users, Jamesq, says he absent 2500 AUD; he acquaint a letter email actualization to be from the bitXoin owners, acknowledging that there had been some problems and that they would be accommodating to action some disinterestedness provided by an abstruse Hong Kong aggregation in an bearding “business” in return, but it never mentioned that requesting a acquittance was possible. The email appear that the barter had aloof been acquired by Aureus Prime Factor Limited (APF), a aggregation accustomed as a crypto bill advance administrator and business incubator. They explained that the aggregation did not ambition to see counterparties ache banking losses and in acknowledgment Aureus Prime would align some affectionate of advantage through arising “crypto-securities in the revamped bitXoin.com business to antagonistic customers”. These issued “crypto securities” would again be breach out to antagonistic baby barter in admeasurement to their accident and they would be called to a appraisal lower than consecutive issues. Apparently, the email is active by David Collinson, articular in the email as the Managing Director of RGI and accompanying Australian article Roosevelt Group Pty Ltd (RG).
David wrote:
According to Australian Security Investment Corporation (ASIC), Roosevelt Group (RG) was registered in Queensland on July 19, 2013. The Hong Kong Companies Registry says Aureus Prime Factor Limited was congenital on December 13, 2013 and that Roosevelt Group International Limited appears on the anthology and was congenital two canicule beforehand on December 11, 2013. This information’s accept led some to accept that there was some affectionate of arrangement activity on.
An Australian News agency, anon approved to acquaintance David Collinson via email but he beneath to animadversion on the accompaniment of bitXoin for this article. The user about says the aggregation has accomplished trading, and according to government 
records BITXOIN PTY LTD’s cachet is “active” so it would be affected the aggregation was to be opened for trading but in actuality it has been shut down. The user goes bottomward with an all-encompassing account of complaints such as abstraction by a above business partner, coffer error, all-embracing wire problems, missing wire alteration amounts, coding absurdity consistent in trading at a loss, timing losses resultant of absent orders and acting movement in bazaar prices and abortion of ample orders to complete.
One added user, with the username Norm, claims to accept absent about $7000; he says that he was contacted be this David Collinson requested him to assurance a acquaintance agreement. Norm acicular that he was accessible to get to an acceding back it meant no loosing all his investment.
Many users are said to be afflicted by this shut bottomward but the majority has kept silent. The Australian bitcoin ecosystem will absolutely resent from such events. This is the affectionate of bearings that gives agenda currencies a bad name and maybe adjustment over these affairs could be one band-aid to assure the consumer.
References:
https://connectonline.asic.gov.au
http://www.lawanswers.com.au/
http://www.startupsmart.com.au/
images[1,3] bitXoin.com
images[2] bitcoinvox.com
images[4] australiaforexbrokers.blogspot.com
