Thoughts Capital’s shitcoin exit-scam is full. The corporate has now pulled its web site offline.
Thoughts Capital collapsed in late 2020. The corporate transitioned to a shitcoin exit-scam mannequin, following the discharge of its nugatory MCcoin.
Masking Thoughts Capital’s collapse, we wrote in December twenty first report;
Reasonably than proceed to pay out in bitcoin, Thoughts Capital now pays out in nugatory MCcoin.
MCcoin is an inner token that has no worth outdoors of Thoughts Capital. Affiliate traders money out MCcoin for so long as Thoughts Capital lets them by means of an inner trade.
The exit-scam comes into play when Thoughts Capital decides they don’t need to pay out anymore.
Thoughts Capital’s admin workforce retains what’s left of invested bitcoin (on high of what they’ve already squirreled away), leaving affiliate traders bagholding a token they’ll’t do something with.
Not withstanding widespread withdrawal complaints from Mine Capital traders all through 2021, that actual state of affairs has now performed out.
Writes one Thoughts Capital affiliate investor;
Don’t place your cash right here, the return is ridiculously low and while you need to retrieve your cash they cease paying for a month earlier than they offer it again to you to not point out they cost a price to retrieve your cash that’s greater than what they ever gave you in returns…
One other;
(In) December they are saying they’ve KYC points and ask for documentation. Myself and plenty of individuals I do know ship it out accurately and we nonetheless don’t get our cash.
And one other;
Rip-off. Nonetheless holding my cash. I despatched them 1 FULL Bitcoin when value was $10k, they bought my coin at a peak, and STILL don’t need to refund my cash.
Thoughts Capital was operated out of Spain by Gonzalo Garcia-Pelayo (proper) and his household.
Spain did subject a securities fraud warning in opposition to Thoughts Capital in January 2020, nevertheless no additional motion was taken.
Complete Thoughts Capital sufferer numbers and the quantity misplaced stays unknown.