Igot: Bitcoin investors ‘owed thousands of dollars’ by struggling Australian exchange


April 11, 2016 17:11:10

Akram Bekzada

Akram Bekzada has been trying to withdraw $13,000 worth of Bitcoins for months. (ABC News: Jake Sturmer)

Australian-founded bitcoin exchange Igot appears on the verge of collapse, with dozens of customers and clients claiming to be owed hundreds of thousands of dollars.

The company, which buys and sells bitcoins on behalf of customers, has for months been unable to completely deliver on those bitcoins or refund their money.

Its owner Rick Day admitted to the ABC that he was struggling to pay customers.

“I am well aware that customers are affected and customers are really unhappy with this but I would like to show each and every one that we have not lost their money. We have not run away with anything and we will return the money,” Mr Day

Read more ... source: TheBitcoinNews