no, they lost 2.5 million of his personally held coins that he has purchased on exchange and staked with his own project.

the 5 bln premine has remained entirely untouched and intact from the genesis, and has nothing to do with the loss. those funds are set for funding LGBT and HIV/AIDS advocacy, research and awareness, and have noting to do with any developers reserve. even funds supplied to myself have been sent from the developers personal holdings. the fact that the premine has remained absolutely untouched for years should show that this isnt some shitcoin, they werent dumped on the exchange when listing was established a long time back. there is a plan for them, and there will be public input on how those funds are allocated, those details will be part of GAYmoney's new [ANN], and is immaterial towards the crux of the issue presented....

this is an issue regarding the theft of someone's funds, the lack of security FROM interference by an exchange against one's own wallet, regardless if they are the the developer of the project, or if the person experiencing the loss was a minor shareholder like myself at that point in time, we as customers must have the security that the funds we deposit on exchanges are safe. and when there IS an issue, that the exchange would be forthright and honest regarding the issue and not engage in evasive tactics.

the IDEA behind poswallet.com is a great one. but the developers needed to remain more connected and communicating with coin devs and communities, the massive delistings can only serve to lessen confidence in this exchange, but the idea... POOLED STAKING... is an important one and i sincerely hope that the administrators behind poswallet can deal with this problem in a transparent manner and find the impetus to continue their services as recognized individuals, and hopefully make sure that the number one priority is customer support. i hope poswallet can survive this, but they do have the responsibility to run their business in very specific ways to protect client (member) investments. if they cannot be counted on to do that, then hopefully a more responsible site will appear to take poswallets place.

the time for unregulated cryptocurrency exchanges is over