Moolah Publishes Dogecoin Customer Funds Audit Amid USD Deposit Freeze
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....
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Screenshot From Leaked Webcam Video. Upon the leaking of a webcam video, Moolah CEO Alex Green has threatened to take legal action against a Dogecoin creator Jackson Palmer and others. The video is a conversation between Green, COO of Moolah Landon Merrill, Jackson Palmer and a representative of the original Dogecoin Foundation named Ben, reddit user /u/NeutralityMentality. It is encouraged that you watch the entire video before making judgment. It is at the bottom of the page, and is 27 minutes long. CCN. In video below, the four are having a conversation regarding an audit of Moolah to....
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 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....
Moopay LTD, the digital currency services business better known as Moolah, has announced that it is shutting its doors and filing for bankruptcy protection. The move follows the failed relaunch of the MintPal altcoin exchange, which, after weeks of preparation, was marred by chronic user and platform issues. According to Moolah, its closure stems from an unexpected rise in operational costs and the loss of critical business partnerships in the past month. In its announcement, Moolah said that customer funds are secure and that users of its consumer and merchant money management platform....
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....