The UK high court has ordered Moolah and its scandal-plagued CEO Alex Green to hand over a large sum of Bitcoin to the Syscoin team.
The team had stored their funds on Moolah’s service, to the tune of 750 BTC (roughly $262,500 at press time’s prices).
Moolah has been ordered to pay back the money by 8:00 pm EST today. The consequences for not following through have not been made clear.
The Syscoin team is being represented by Selachii LLP, a UK-baed law firm.
The injunction was originally granted to allow the Syscoin team to recover the BTC it raised in a crowdsale, which was managed by Moolah. Of the original 1500 BTC that was raised, around 750 BTC remained in Moolah’s coffers when the platform’s issues began.
Where Is Alex Green?
Moolah CEO Alex Green, meanwhile, hasn’t been heard from since last Saturday, when Moolah posted a tweet series on its page.
“A full report regarding everything to date, including a verifiable withdrawal list, etc – is coming this weekend,” the tweets say. “It has taken time to put together, but is fairly detailed. The numbers reported by the media are grossly inaccurate.”
It remains to be seen to which numbers Green is referring, but it’s safe to say any statement from Green will be met with extreme skepticism by the cryptocurrency community, especially by the Dogecoin community.
UK Court Grants Injunction Against Moolah
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