Controversial Neo & Bee CEO Resurfaces After Disappearance
The long-lost CEO of what was once one of the most hyped bitcoin startups has resurfaced online after a near two-year absence from the community. Danny Brewster, the founder and CEO of Cyprus-based bitcoin banking startup Neo & Bee, is now tweeting from his former Twitter handle @BtcDanny, with messages including promises that he intends to reimburse investors for losses incurred during what can be best described as a contentious period of company turmoil at the start of 2014. During that time, an arrest warrant was issued for Brewster, who faced allegations from law enforcement in Cyprus....
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The MT Gox saga is quickly becoming a distant memory, but as a second creditors meeting nears, voices are being raised and calls for resignations are starting to be made as creditors begin to lose patience. At the heart of the mystery is the alleged disappearance of - initially - 850,000 bitcoins. In an intriguing twists of events, only 10 days after declaring bankruptcy, MT Gox mysteriously found 200,000 bitcoins in an old format wallet, still leaving a huge black whole of hundreds of millions of dollars in unaccounted bitcoins to the tune of 650,000. Even more mysteriously, approximately....
It started as a simple request. Would my old favorite economics teacher be willing to sit down and discuss Bitcoin with me? A quick chat where I could hash out some ideas that had been going through my head is what I had in mind. No such luck. "I am not interested in talking about bit coin. After its market collapse this week, the arrest of one of its directors for facilitating money laundering, the disappearance of thousands of bit coin in what looks like continued shady deals, and the disappearance of one of its directors this week in light of the vanishing bit coin .... I don't think....
Neo & Bee was a Cyprus-based bitcoin startup offering bitcoin savings and payment processing services. Founded by Danny Brewster, who also served as the CEO, Neo & Bee had an office in Nicosia and was targeting the European market with its bitcoin services. The company went bust in mid-2014 following the disappearance of Danny Brewster along with most of the funds belonging to the investors who bought the company’s shares from three exchanges including Havelock Investments. The company had allegedly raised over 9000 BTC, all of it unaccounted for. Since his disappearance by the end of....
Mt Gox, the largest bitcoin exchange at one time before its downfall attributed to alleged hacking attack is in the news again. This time, it is due to the arrest of the now defunct exchange's former head. The Japan based Mt Gox allegedly lost over 850,000 bitcoins amounting to over $450 million at that time when their systems were compromised by hackers in 2014. The main reason for disappearance of such a huge amount of bitcoin still remains unknown. The investigations hasen't yielded any clear results so far and it is speculated that the disappearance of bitcoins from Mt Gox was due to....