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RE: OpenLedger disabled STEEM/SBD withdrawal

in #scam5 years ago (edited)

I'm starting to think there is no problem. Ronny (OpenLedger CEO) is active now in telegram and doesn't seem to be concerned about a problem. What account do they use for their Steem? Maybe it's related to their plans to transition their business to Vpledger + bad communication on their part.

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OpenLedger announced on 6th August on their website that Steem will be delisted and the deadline for customers to withdraw was 19th August. I didn't find a post on Steemit.com .

I contacted Ronny and got an answer that he will perhaps connect me with his "dex product owner".

I literally couldn't find this announcement after spending a bit of time googling openledger delisting steem sbd etc.

If almost no one on Steem caught it it's definitely not public enough.

Is this their account https://steemit.com/@mtopenledger ? You'd think seeing as they were active just 2 months ago to shill (roughly when they decided to delist us), they'd also make a delisting announcement on here as well.

MT Openledger?

Sounds almost too ironically close to Mt. Gox.

They should have contacted all individuals who hold such assets via e-mails, as well. This is basic communication.
If they have not done so, it was a premeditated move.

Depends how much you all guys lost, it seems like class action lawsuit may be a solution. And depending where the company is based...

Looks like it's going to cost me around $130 USD in SBD and Steem, from OPEN.SBD and OPEN.STEEM. I can see why you refer to it as a scam, somewhat justified, IMO.

Happened to me on another asset as well

Very short notice and then nobody could make any withdrawals at all. After the project talked to the OL guys they agreed to extend the window a few days but everyone had to pay a 10% fee for withdrawals because they had to be done 'manually'

From my understanding a good chunk of the coins belonging to less active holders are still in their hands, and may likely remain so

Is this their official account https://steemit.com/@mtopenledger? Considering they were active until 2 months ago you'd think since they made decision to delist Steem on the 6th of August, they'd give us notice on here as well

They did this to the Scorum Community in August as well.

On August 6th they post on their feed that they have enabled OPEN.SCR for trading (removing it from maintenance mode) and then later the very same day they post again, this time without SCR/Scorum in the title, that they are delisting tokens and in that list was Scorum.

OLscam.png

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WTF!!! 😨😨😨

That's a fantastic way to scam people.

Posted using Partiko Android

I just withdrew 230 OPEN.USDT, I advise you to do the same for any other open assets you might hold...

I hope that you didn't lose too much of your funds there...

His delisting announcements are way too short and he doesn't make them public enough, in my opinion. I got burned on an earlier delisting...After that, I decided it was better not to hold OpenLedger assets.

What account do they use for their Steem?

@openledger-dex

The wallet is empty. All Steem is transfered to Binance and all SBD to Bittrex.

I just flagged your comment to position relevant evidence at the top, sorry about that.

Absolutely no reason to do that, but whatever.

flag removed

Ive read that they ran off with almost a million Steem and 200k SBD....
Is this a legal action from their side? If it is, any exchange could do it like that and keep the money.
Can someone inquire with them directly as to what they intend to do with the money? Can they be sued?

Perhaps someone should raise this up there on telegram to know his opinion on the matter.

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It looks like he just delists very rapidly and only announces on his own site, even though the assets can be traded generally on other sites, so if you trade on another site, you've just lost your money. As I mention above, looks like I lost $130 USD this way. Could have been a lot more, but I learned my lesson from the last open asset delisting. Looks like those were almost the last open assets I have. Well, I have some OPEN.USDT, I guess I should find out if that's worth anything anymore either...

Please do find out.

$130 is still something. Losing such amount hurts.

14 days is too short to announce a delisting activity. Some people might not even come online for days. Unless he had a foul intention Cus that's what it looks like to me😐. Why didn't we see such post trend here on steemit so as to notify many steemians on here who, obviously are at the receiving end if things goes sideways🤔...

Sorry for the loss @blocktrades. STEEMon✌

Posted using Partiko Android

IMHO, even if they have a right to decide about delisting, even if they are not obliged to send you a notice via post/sms/phone and can choose to post on their site, even if they maybe are entitled to liquify all the delisted assets, then still after this action the liquified amount should be considered yours and should be handed out to you - in whatever form they converted it to. Of course, IANAL.

About 5000+ accounts still have around 300,000 STEEM frozen in OPEN.STEEM asset. I believe it is an issue. At least for users.

https://bts.ai/asset/OPEN.STEEM

I hope that this incident could finally be a good an expensive lesson to think twice about using this gateway.