EgoPay, a Bitcoin payment processor, has ceased all trading, with unconfirmed reports that founders of the company have stolen millions from customers. Merchants began to report problems in Late December when they started to have problems with the company's API, which was returning faulty transaction notifications.…
“EgoPay Members will be experiencing higher than normal review times for all withdrawals and deposits as EgoPay is currently conducting a system migration. EgoPay will now be able to provide a more secure network for all members through which to complete their online transfers. EgoPays standard review time frames and service level agreements will return to normal and EgoPay appreciates your cooperation and understanding.”
EgoPay has been silent to clients and the media for over eight days now, a period that suggests that the company was a scam. While the location of the funds is unknown, missing funds from EgoPay amount to between $5-10 M USD.
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Images via EgoPay and Shutterstock.
Last modified: January 25, 2020 10:08 PM UTC