Quote (cambovenzi @ Dec 23 2017 10:46pm)
he sucked people into his plan knowing about the regulations beforehand and is now shutting down all US accounts and refunding them less value than they put in.
Now its 'ALL REFUND REQUESTS MUST BE MADE BY DECEMBER 31, 2017. ALL US ACCOUNTS WILL BE CLOSED AT THAT TIME. ', a weeks notice.. on twitter.. during peak holiday season or he keeps your money and closes your account anyways without honoring the investment.
That shit reeks.
Whether the FCC is problematic for him or not isnt the issue.
They should have planned ahead about whether they were accepting US citizen investments or not.
Instead he purposefully markets to them to stir up support, attention and investment and then pulls the rug out from underneath them.. creating bad PR and unhappy people.
very amateurish and people are understandably upset.
I have been very active in their telegram channel with over 9k members.
The tokenpay developing team have clearly said that if Americans don't submit their refund address they will send the BTC back from the address they originally invested from. Nobody is keeping nobody's BTC.
Also the refund is exactly the amount of BTC that was invested. No such thing as "less value". The BTC could have been right now at 30k or 10k whatever, nobody could predict the price beforehand. The investment was made in BTC and the exact amount they invested is the exact amount they will be refunded. They are getting their refund whether they want it or not, it was clearly stated by them. They are saying this because many americans dont want their refund, they want to keep the tokens, but its out of their control. Blame the SEC. So submit the refund address otherwise they send the BTC back to the address the person invested from. There is no scam.
The only thing I agree is that they should have prevented this mess before the ICO started. Bad move but far from being a scam. I do understand the angry, but blame the SEC first and secondly blame them for not preventing this, but it's far from being a scam because they are refunding as we speak.
Don't get me wrong, I agree the ICO has been a bit chaotic, but these people are legit. It just got out of control due to the overwhelming success and now the SEC problem.
This post was edited by Golden_Order on Dec 23 2017 09:06pm