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Updated 21 Nov 2019 13:45:02 UTC

Cryptocoin Currency Indicies Out of Business

Jun 10, 2017

Microwallet and faucet payout site has put itself up for sale, and has stopped paying out balances. Signs of this showed up during the month of May when some users did not receive their requested transfers out. The company remained silent while rumors circulated, finally responding after their domain name was spotted for sale. The story given is that they were hacked on May 22, 2017, and lost 2.8 BTC, with a value of around US$7,000 at the time. Although not an enormous amount, it is sufficient to put them out of business, according to the owners. This official announcement was made on June 6, 2017.

No payouts are being honored for any of the coins listed by ePay. If you have coins there, they are likely lost; you can attempt to schedule a transfer out but currently out going transfers remain pending perpetually.

It is unethical for this company to have waited over two weeks to make the announcement, allowing people to deposit assets into their accounts while knowing those coins would be lost (well, used by ePay to recoup losses). Just as bad is the fact that the site continues to run normally with no notice given that a shut down is imminent. ePay has given a story that they were robbed, and (whether true or not) have responded to their financial distress by burgling you.

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