Tagsyscoin

Binance Suspends Trading Temporarily Due to 'Irregular' SYS Transactions

binance coin, binance, crypto cryptocurrency exchange

Binance, the world's largest cryptocurrency exchange, suspended trading as a temporary measure on Wednesday after spotting 'irregular' transactions of SYS tokens on its platform. The exchange said it had temporarily suspended trading and withdrawals for "system maintenance" following the unusual trading patterns of Syscoin (SYS) on its platform. Binance has since resumed trading activities and it...

Calm Down, Media: Alex Green is NOT* in Jail

*at least as far as can be confirmed. Various media outlets in the cryptocurrency space have decided that Ryan Kennedy (AKA Alex Green), the alleged thief of roughly 3,700 BTC from the coffers of failed exchange Mintpal, is currently in jail along with his accomplice, Chelsea Hopkins. Unfortunately for them, a slight amount of digging reveals a few uncomfortable truths, chief among them the fact...

Syscoin Releases Legal Documents from Moolah and Ryan Kennedy

On Sunday, Syscoin released legal documents detailing their communication with former Moolah CEO Ryan Kennedy (aka Alex Green) over the past few weeks. Syscoin began litigation against Kennedy for refusing to return the 750 bitcoins Syscoin raised during their presale and placed in Moopay's escrow service. Kennedy claims the bitcoins were stolen by unscrupulous users who exploited a flaw in the...

Syscoin Price Rises After Judge Orders Moolah to Return Bitcoins

On Monday, a United Kingdom High Court judge granted Syscoin's final injunction against Moopay LTD (more commonly known as Moolah) and former CEO Ryan Kennedy (also known as Alex Green). The injunction included a provision ordering Kennedy to repay the 750 bitcoins Syscoin had deposited in Moolah's escrow service. The Syscoin price rose 17% following the announcement. Also Read: United Kingdom...

United Kingdom Judge Orders Bitcoin Exchange Moolah to Repay Syscoin's Escrow Fund

Last week, a UK High Court judge granted Syscoin's emergency injunction against Moopay LTD and former CEO Ryan Kennedy (also known as Alex Green). On Monday, the High Court granted the final injunction and served it to Moolah. According to the Order, Moolah has until October 28 to return the 750 bitcoins Moolah was holding in escrow for Syscoin. Also Read: Bitcoin Exchange CEO Alex Green Exposes...

Syscoin Injunction Against Moolah Granted by UK Judge

Court of Law

On Friday, a UK judge granted Syscoin's emergency injunction against Moopay LTD and former Moolah CEO  Ryan Kennedy (also known as Alex Green). The injunction bars Kennedy and Moolah from selling the 750 bitcoins Syscoin raised during its initial coin offering and entrusted to the company's escrow service. If Kennedy violates the injunction, he could face prison time. Also Read: Leaked Document...

Syscoin Threatens Moolah with Legal Action Over Missing Funds

Legal action

The Moolah scandal has captivated the cryptocurrency world over the past several days. However, one of the more troubling stories has flown under the radar. Moolah is currently holding ~$285,000 in escrow for the Syscoin community, and the company has not responded to requests to return the money. Syscoin is now threatening Moolah with legal action over this breach of trust. Also Read: Dogecoin...