MintPal Vows to Fight Former Moolah CEO in Court
The owners of the troubled digital currency exchange MintPal are moving to take legal action against former Moopay LTD CEO Alex Green. Green, who was once known as Ryan Kennedy, is accused of stealing as much as 4,000 BTC ($1.3m at press time) in user funds from MintPal following its failed relaunch and the subsequent collapse of Moopay (more commonly known as Moolah), which assumed control of the exchange this summer. Much of the stolen bitcoin was held in cold storage under the control of Green, according to the MintPal leadership. In the past two weeks, numerous allegations tying Green....
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Moolah has recently picked up Mintpal, the cryptocurrency exchange gaining a lot of publicity recently for events such as the attack with Vericoin ,requiring it to fork. This is a major deal because at the time, Mintpal was currently in possession of 30% of all Vericoin in circulation.Luckily Mintpal and Vericoin developers worked out a solution to thwart the hackers attacks, but something like this still shakes up the public’s trust and opinion of something, in this case an exchange. Mintpal on their official blog said: In regarding the acquisition of Mintpal, Moolah is in fact splitting....
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....
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....
Former Moolah CEO Ryan Kennedy has been busted by the UK Police for stealing around $1.8 million worth of Bitcoin from demised cryptocurrency exchange MintPal. The self-proclaimed scammer, who was hiding behind the identity of Alex Green all this time, was exposed last year by Dogecoin creator Jackson Palmer. In the midst of all this was MintPal, which was then recovering from the wounds of a $2m theft. Kennedy's company Moolah later acquired the exchange to rebuild it from scratch, by specially focusing on its security. As MintPal shareholder Ferdous Bhai was briefly quoted back in 2014,....
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....