MintPal, the beleaguered altcoin exchange dragged down in the wake of Moolah’s collapse, isn’t going down without a fight.
Michael and Ferdous, Alex Green’s partners in acquiring Moolah, have painted themselves as innocent victims of Green’s activities, and are raising funds to “help us get justice served” against him.
On the website MintPal Justice, Ferdous goes into a long-winded description of the events that transpired. He speaks of Green’s highly regarded reputation within the Dogecoin community, having donated 20 million DOGE to the original Dogecar fundraiser and managed several other charity drives. “Green was one of the good guys in my book”, he says.
Gaining Control Of MintPal
He outlined the process involved in their gaining control of MintPal as well;
Green eventually proposed to me the idea of putting forward an investment, between myself and Michael, in order to make a joint offer to purchase the well-established, and highly reputable MintPal.com trading platform. I believed that MintPal had the potential to be one of the top businesses in the digital currency arena; and as we had the opportunity to acquire it, I jumped at it.
The agreement was put forward, that Michael and I would cover the cost of acquisition, and Moolah, as a corporate entity, will manage MintPal for 10% of MintPal’s revenues in return. We eventually agreed that a new holding company will be established, named Torihiki Limited – which would in turn own the newly acquired MintPal service, and any further products or services that we as a group agreed to purchase, or develop internally.
Michael and I would own 65% of the the newly established Torihiki Limited, and divest 35% of the shares to Alex Green, and some of the key Moolah employees who would be working directly for MintPal.
Though he admits MintPal’s security needed some improvements, especially after the VeriCoin scandal in July of this year, “MintPal itself, prior to Green’s involvement, was an excellent platform.”
Moolah V2’s launch, though, was launched “with a buggy platform, a $20 template, and was lacking several key features – many of which were perfectly intact before Green’s involvement”. Plagued with errors, it was taken down after only a few days.
The Revelation Of Green’s Identity
Of course, the cryptocurrency community now recognizes Alex Green to be Ryan Francis Gentle, the well-known online serial scammer. And while no court has yet confirmed the allegations against him, the evidence is damning.
Green eventually took full control of MintPal, and holds it to this day. This includes the site, database, and all the coins on the system. Ferdous was able, however, to recover some of the coins which hadn’t properly migrated from MintPal 1.0.
Green Selling The Lost Bitcoins?
Ferdous claims Green “lost” 4000 BTC during MintPal’s collapse. Later, though, he uncovered a Local Bitcoins account under the name “LemonadeDev”, one of Green’s alleged aliases.
This account claims to have “sold over 1500 BTC in the past 6 months, and have access to roughly 4000 BTC for larger sales.”
Well then.
These coins include those from several charity drives, including the Remember Carlos initiative in memory of Dogecoinball creator Carlishio who took his own life as a result of a long battle with depression.
Taking Action
Michael and Ferdous are gathering funds in order to pursue legal action against Green. Working with Selachii LLP, they are hoping to raise $25,000 to cover their legal costs. If successful, “the legal fees will be awarded against Ryan Kennedy, and the bitcoins donated to cover the legal fees will be returned to the donors.”
Ferdous appeals to the cryptocurrency community to unite against such malicious activity.
I believe that we are currently at a tipping point in cryptocurrency, which has long since been due – a moment where finally, an individual who attempted to use the Bitcoin platform for ill-gotten gains, has been trapped in a web of his own lies, fraud, and deceit. In Kennedy/Green’s wake of destruction, he has left a sliver of hope – in that finally, digital currency users can unite under one banner, to make a legal stand against con artists who abuse this industry, and its users, for their own fraudulent benefits. We are finally in a position where we can make an example out of those who believe that it is “safe” to conduct scams under the banner of cryptocurrency; and send a clear message to anyone else who believes that this is their ticket to making a quick buck off our community.
MintPal Partners Raising Funds For Lawsuit Against Alex Green/Ryan Gentle
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