Ben Doernberg of Dogecoin on Moolah: “Their Reputation Is Absolutely Destroyed”
The recent shake up and then crash of Moolah, and apparently everything connected with it, has led to a great deal of speculation in the cryptocurrency community. Moolah CEO “Alex Green” has issues several statements on the issue, officially resigning in his latest blog post. He also vehemently claimed that Moolah was not a scam and that the failure was simply caused by bad management. He also claims that any suggestions that he has been involved in scams in the past are completely false. Because of the controversy, CoinTelegraph reached out to Ben Doernberg, former Board member of the....
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Author's Note: Since the publishing of this article, the Facebook page of Ryan Kennedy has tightened the privacy settings and removed the photo in question. Recently a document surfaced regarding the CEO of Moolah known as Alex Green; the document was compiled by Jackson Palmer and Ben Doernberg, two members of the Dogecoin community. Palmer is the creator of Dogecoin, and Doernberg is a long-time vocal activist against Moopay, Moolah, Moofarm and the CEO Alex Green. Recently, Green came out in saying that his company Moolah and Moopay LTD would be filing for bankruptcy. After that bout of....
The doge-pack is in disarray as prominent members debate in public. Moolah.io is a pillar of the Dogecoin community, that is undeniable. In addition to being the first Dogecoin payment processor, Moolah has handled the donation wallets for numerous community fundraisers - including the popular Doge4NASCAR. Founder Alex Green even donated large sums to various Dogecoin charity initiatives and is quite active on the Dogecoin subreddit. However, being a financial transmitter in the digital currency space comes with intense scrutiny, and Moolah has also faced its share of that. After three....
Digital currency exchange Prelude, a sub-service of Moolah.io, has released a preliminary audit of its dogecoin balances as part of a larger drive to become more transparent about its finances. The release comes amid ongoing controversy about the status of Moolah's business and requests by site users for more information about its exchange business. The evaluation shows that Prelude had approximately 160m dogecoins (about $72k at press time) on its service, roughly 158m of which are customer funds. The company provided a link to the dogecoin block chain verifying that the funds were under....
The Dogepack is large and diverse. Welcome to CryptoCoinsNews' first weekly Dogecoin addition! I will be bringing you this piece every Friday, despite this one being late due to personal circumstances. I felt this addition necessary not only because of how active the Dogecoin community is week after week, but because more than any other alt-coin Dogecoin has created a unique culture that places positivity and community above all else. I will be using this time to highlight what I feel are important happenings the casual Shibe may miss, rather than the big events that are covered in depth....
The Moolah scandal has captivated the cryptocurrency world over the past several days. However, one of the more troubling stories has flown under the radar. Moolah is currently holding ~$285,000 in escrow for the Syscoin community, and the company has not responded to requests to return the money. Syscoin is now threatening Moolah with legal action over this breach of trust. Also Read: Dogecoin Creator Responds to Moolah Bankruptcy with Additional Concerns. Overview of the Moolah Scandal. On October 14, the cryptocurrency company Moopay LTD announced it was declaring bankruptcy and that....