Dogecoin Community hit by Moolah Scam
Over 1100 BTC have been reported as missing from Moolah, a financial platform offering consumer, merchant, and exchange services in the UK, US, and Ireland. The Syscoin developers reported Moolah owes 750 BTC and is initiating legal action via Selachi LLP. The other 400+ BTC missing were reported on the BitcoinTalk forums by forum users in a thread created by BlockaFett. On October 14, 2014, Alex Green published Moolah’s post-mortem on the company blog. “…we have rapidly burned through our reserves and are now in the position of having a negative balance sheet. Losing certain clients that....
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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....
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 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....
February 4, 2016 – Ryan Francis Kennedy, The man allegedly responsible for Moolah, the defunct Dogecoin trading platform, accused of stealing over 750 BTC (approx. $285,000 US at the time of writing) from the Dogecoin community, and over a million US Dollars from Moolah customers, has been charged with 14 counts of sexual misconduct against 5 women, including 11 counts of rape. These offenses were apparently carried out over the span of the last nine years. Kennedy has plead not guilty to all charges and is in custody awaiting trial, scheduled to begin in May. Kenny has used several....
The founder of Moolah, a cryptographic payment platform, yesterday donated too much moolah (sorry) to a dogecoin fundraising campaign. Alex Green had intended to give 2 million dogecoin to support the reddit community's effort to put a dogecoin car in NASCAR. By chance he typed an extra zero, raising the amount to 20 million dogecoin - or $15,000. However, Green is standing by his generous donation and took to reddit to raise the stakes even higher: Was meant to be 2M.... silly keyboard. I will stand by my mistake however! Anybody care to match me? The first person to match at least 10%....