I've been very supportive of Moolah in this thread, but if they (he) mess this up I won't have words to express how pissed I am. Escrow means funds are kept safe and untouched until release criteria are met, so there really shouldn't be a problem right....?
Wow, big screw up by Moolah.
Does anyone know how much of the syscoin ipo funds Moolah was sitting on?
edit: 1500 BTC was the total IPO, but a part has been received right?
Part has been received yes, but an outstanding amount is still to come. Full details are here,
http://syscoin.org/download-syscoin-v0-1-5-rc3public-beta-3-and-moolah-presale-funding-update/"MOOLAH PRESALE FUNDING UPDATE
There have been a number of questions swirling about regarding Moolah, our escrow provider, who recently made this announcement. They still hold a majority (67%) of the 1500btc raised during the Syscoin presale. In light of recent information we are working with our escrow provider for a full release of the funds so that we can continue Syscoin development as planned.
We are working as fast as possible to find a resolution to this situation which impacts both the team and investors. Regardless of the situation with Moolah the Syscoin team remains committed to developing and advancing the features and growth of Syscoin. Read some posts on our blog or look at the features present in RC3 or the roadmap. Were here for the long term and we appreciate the support the community has shown us."