Dogecoin Disrupted: Moolah Feels The Heat Of The Spotlight
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....
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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....
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%....