Bitcoin and Altcoin Payment Processor Moolah Emergency Migrates to V2 Platform
Due to a few platform instabilities with their V1 platform, Moolah.io has announced that they will be performing an unplanned emergency platform migration to their V2 platform. Alex Green, CEO of Moolah, made the announcement on Dogecoin's subreddit informing customers of the migration in advance. CCN. For the past few days, Green has been tweeting to his followers urging them to move themselves from the V1 platform to the new one, warning of various problems V1 has been experiencing. But as the company was trying to hold off for as long as they could, the decision to migrate had to come....
Related News
Syscoin's emergency injunction against Moolah was granted by a UK High Court judge. On Friday, a UK judge granted Syscoin's emergency injunction against Moopay LTD and former Moolah CEO Ryan Kennedy (also known as Alex Green). The injunction bars Kennedy and Moolah from selling the 750 bitcoins Syscoin raised during its initial coin offering and entrusted to the company's escrow service. If Kennedy violates the injunction, he could face prison time. Also Read: Leaked Document Supports Theory that Moolah CEO Alex Green Changed Name. Syscoin Injunction Against Moolah Granted by UK Judge.....
Syscoin's emergency injunction against Moolah was granted by a UK High Court judge. Last week, a UK High Court judge granted Syscoin's emergency injunction against Moopay LTD and former CEO Ryan Kennedy (also known as Alex Green). On Monday, the High Court granted the final injunction and served it to Moolah. According to the Order, Moolah has until October 28 to return the 750 bitcoins Moolah was holding in escrow for Syscoin. Also Read: Bitcoin Exchange CEO Alex Green Exposes Himself as Scammer Ryan Kennedy. UK Judge Orders Bitcoin Exchange Moolah to Repay Syscoin's Escrow Fund. On....
The altcoin community has often been rocked by scandals and platform crises, and the past two weeks have been no exception. Despite the controversies and occasional market panics, however, project development soldiers on, aspiring toward ever more lofty goals in the face of this adversity. Emergency injunction granted against Moolah. The syscoin development team released a legal update in its ongoing battle for custody over the remainder of the 1,500 BTC it raised during a crowdsale managed by Moopay LTD, the embattled digital currency services company at the center of a scandal....
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....
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....