Bitcoin Exchange MintPal Taken Over by Moopay LTD in Acquisition
Moopay LTD confirmed rumors and announced today that after long talks with leading altcoin exchange MintPal, they have acquired their business. Mintpal will join the ranks of Moopay's payment processing service Moolah this August. Moopay plans to make serious security upgrades to the exchange, starting with a full audit and making sure all the back doors are closed. CCN. Founded earlier this year, MintPal has always run a business model of quality over quantity. They have done their best to make sure scam-like coins do not enter their trading platform. The exchange has seen a high amount....
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Moopay LTD, the digital currency service provider more commonly known as Moolah, has purchased MintPal, the altcoin exchange which recently suffered from a severe hack that compromised nearly $2m in customer funds. With the acquisition, Moopay said it plans to use Mintpal as its primary altcoin trading platform. Moolah.io already operates the digital currency exchange Prelude, a subservice of Moopay that focuses on dogecoin and bitcoin. Alex Green, CEO of Moopay, stated that he believes MintPal will benefit from Moopay's significant development and security expertise, and that the....
When MooPay LTD acquired MintPal in July, their main focus was improving security. MintPal fell victim to an attack on VeriCoin earlier this year, showing a hint of weakness in their pre-existing security and some loss of faith in the exchange. Once MooPay LTD took over, they made it their mission to improve security to garner more trust and faith in the popular cryptocurrency exchange. They immediately began planning a Version Two upgrade to the site as soon as possible. On Saturday, MintPal suffered from a DDoS attack on their website, pushing the Version Two implementation by....
Yesterday, CEO of Moopay Alex Green announced that the company would be filing bankruptcy. They are shutting down the Moolah exchange and already took down the MintPal exchange due to a "critical bug" found in their Version Two migration. By shutting down MintPal without warning, Green has trapped $130,000 worth of cryptocurrency on the exchange. Users were only met with a message page when trying to access the MintPal exchange stating the following: "MintPal is currently down for urgent bug fixes, and is additionally moving to new management (away from Moopay LTD). A statement will follow....
Over the past four days, countless accusations targeting Moopay CEO Alex Green have flooded the cryptocurrency community. These allegations accuse Green of being long-time bitcoin scammer Ryan Kennedy. Confirmed as fact by multiple sources, the evidence pulls tighter and tighter around the suspiciously silent CEO. Also Read: Dogecoin Leaders Present Evidence that CEO of Troubled Bitcoin Exchange Moolah Is Long-Time Scammer. Also Read: New Sources Verify Bitcoin Exchange Moolah CEO Alex Green's Former Scammer Identity. Just before the accusations arose, Green announced that Moopay would be....
As of writing, popular bitcoin exchange MintPal is up with an alternative withdraw system after being shut down for a number of days, trapping more than $130,000 worth of cryptocurrency from its users. The company that once claimed ownership, Moopay LTD., now claims that it never had ownership in the first place and that it will be trading hands in the management. Just before claiming non-ownership, Moopay LTD. was in the process of migrating MintPal to a "version two" platform. The site was down longer than expected then as well, causing another lock out of funds prior to the recent....