What's going on with Poolin's IOU BTC?

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dave2016Member
Posts: 5 · Reputation: 57
#1Oct 27, 2019, 04:33 AM
Has anyone seen any news or updates on this? I get the whole deal with them converting everything into these IOU tokens that are basically useless, but there hasn't been any new info for quite some time. Did people just accept it and move on? Is anyone taking legal action? And what happened to the CEO? Did he just disappear?
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cipher404Full Member
Posts: 139 · Reputation: 655
#2Oct 27, 2019, 09:27 AM
No idea :/
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john2014Member
Posts: 1 · Reputation: 116
#3Oct 27, 2019, 03:23 PM
I keep checking every month and nothing. they just stole our BTC, its so frustrating and no one is talking enough about it!
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dave2016Member
Posts: 5 · Reputation: 57
#4Oct 27, 2019, 08:35 PM
This is what I mean , nothing has been said or even mentioned. Now I know my tiny amount is nothing but I am sure someone is losing alot more than me
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dave2016Member
Posts: 5 · Reputation: 57
#5Oct 27, 2019, 08:41 PM
Bump! Anyone?
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dave2016Member
Posts: 5 · Reputation: 57
#6Oct 27, 2019, 11:35 PM
posted up on reddit as well and it seems a few people have shown an interest but nothing much has come from it.
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davealphaSenior Member
Posts: 257 · Reputation: 975
#7Oct 28, 2019, 03:14 AM
I know nothing about this scheme or situation, however I was originally using Poolin for all of my farms, had no problems for years, then suddenly the payouts stopped. I checked my control panels and everything looked normal (and therefore no reason to not receive the payouts). I waited a couple days but still no payouts, at which point I changed to F2pool and eventually forgot about it. I lost about $3000 of BTC, which today would have been worth much more. Is what I encountered above related to the topic of this thread?
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le0v4ultMember
Posts: 4 · Reputation: 66
#8Oct 28, 2019, 09:04 AM
Bump on this thread. Anyone have any new info? I still have a lot of garbage IOUBTC that can't be traded on any exchange There was a court case against Poolin in which they lost, but they didn't care: https://www.coindesk.com/policy/2023/01/06/singapore-arbitrator-rules-against-mining-software-firm-poolins-iou-model-but-the-firm-hasnt-paid-yet
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dave2016Member
Posts: 5 · Reputation: 57
#9Oct 28, 2019, 10:00 AM
Going bump this up as well. i find that next to no one is really talking about it, even now after all this time later. they were one of the BIGGEST mining pools going. join the telegram group and you get kicked and banned for mentioning it. no news articles mentioning the IOUBTC scam. no updates on the 'plan' no mention of Kevin either
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