I just want to make clear one thing regarding ID.

 About 6 weeks ago Spectrocoin made a fake transfer of 64 BTC and then removed 24+ BTC from balance. Over the course of these ~6 weeks I tried to contact support center without any success, which I mentioned earlier.
 Few days ago Spectrocoin made a website re-design and after that “accidentally” unblocked my account for a few hours. When I tried to withdraw small rest of money from my balance, I got a message informing me that I should provide ID. I fully understood that it was another bureaucratic trick made only for wasting time and most probably it wouldn’t have helped me to return the money, but still I decided to give it a shot and submitted ID.

So, let’s make it clear:
1. Spectrocoin stole my money and blocked my account one month BEFORE I submitted documents. It means that documents cannot serve as a reason for account blockage since Spectrocoin received ID many days AFTER they’ve blocked my account and not before that.
2. Spectrocoin had no intentions to give the money back, they just made up another bureaucratic obstacle in order misappropriate the money.
3. As I expected, submitting the ID didn’t help at all, just the opposite, now VytautasK tries to deceive everyone by telling that ID was the reason for account blockage. It is impossible, considering the chronological order of all events.

And now the most important thing: when Spectrocoin was receiving my bitcoins, they didn’t ask ID. It looks like back then the transfers were purely legal in accordance with their so-called “Terms and Conditions” and Spectrocoin along with its so-called “Compliance Department” were ready to receive money without any limits endlessly!
And when the time has come to withdraw this money, Spectrocoin invented zillions of stupid excuses just to keep the money.

suchmoon, there were over 150 transfers made via Spectrocoin API into my account and I'm pretty sure I have TX IDs of almost all of them.

Here you have few examples of transfers over 1 BTC:

2         0743a454540282ae9708910330e513fca065d7af7d6a5ef6443421772cdfb322                  
14       cac9506731cf67a09e36eaa7a0357e9940941a314611095fc62bc6b0b6635cf5                  
1.8      1aa5a32d245c70a371e5cd4fb361b8e2329cbc00ef8fd2f12eeee309e98d9880                  
3.3107 9dea41d6a5c4f08a26e73494c9de9f5b00337e1046864000984300b44b6abff4                  
1        986724e6cc441c54df5e2456e4a3622740a370fd4d9d0877af0776aeecea1ac4                  
1.17    a975bdacd6bcc036ea902d5cd4fd799c694e86509bd5a96f3ddaddcc321b0685                  
2.25    7f9f306966607a455a6220d02f59b0411670959d02ac71e41445a87eec155656                  
1.14    619f1b3e8270d99f268e16d54716f917541268594f72fcaf4ae4eb0017b8c794                  
10       8edae47250eede5186bb015da639e72d108ea8ca19bc077c31c971e6fbadc47c                   

The longest reply I ever got from Spectrocoin to my email was on July 02: "Unfortunately we can not offer our service to you".
Email: http://image.prntscr.com/image/87fae1bf1c9d463b8747468013d24faf.png

It is clearly obvious that if Spectrocoin cannot provide me its services, they shouldn't worry at all because I will never ever use their service again. Moreover, I will recommend to everyone NOT to use Spectrocoin.

Of course, jonsi, If Spectrocoin cannot provide me its services, then they should return me the money to BTC address of my broker, which was indicated in Spectrocoin account as destination address. After that they can do whatever they want with my Spectrocoin account. An impossibility of offering services just cannot be an excuse for a grand theft of $60,000.00 from my account.

suchmoon, Spectrocoin was providing API and was generating BTC addresses for accepting transfers. If they really had no intentions to work with me and accept funds, then they could simply disable an opportunity for generating new BTC addresses. But Spectrocoin kept generating intermediary addresses for accepting transfers even after they faked this transfer of 64 BTC. That is they wanted to continue receiving money of my clients in order to misappropriate them too.
Obviously, if I did not make this case publicly known and if I did not pay attention to this fact, Spectrocoin would have resumed getting those transfers.

There is a brilliant example how similar situations are resolved by other companies. Once I was setting a Blockchain.info API for an online shop of my friend. One day Blockchain operators decided that this e-shop was infringing their Terms of Service. And what did they do?
1. They send a message to this e-shop support center and informed that Blockchain API was disabled and asked to contact their administration.
2. They stopped generating BTC addresses, which caused an impossibility to purchase goods using BTC.
3. They did not fake any transactions and did not block money stored at this account. My friend has withdrawn money from Blockchain e-wallet instantly and without any problems.


I’m sorry, I am not quite familiar with forum policy. As far as I understand, there are some blacklist sections on this forum where Spectrcoin discussion threads can be moved if the money will not be returned.

To be honest, I am pretty surprised by the fact that Spectrocoin representative has responded in this thread. Well, it is the largest reply I ever got from Spectrocoin officials for the last 1.5 months. Taking into account that Spectrocoin support operators ignored any my attempts to contact them, the fact that VytautasK has joined this discussion does him a credit.

Thanks a lot suchmoon for telling me about red trust thing, I will examine this. 24 hours was enough to resolve this problem exactly when it arose. It’s a pity this situation has dragged on this long.

suchmoon, here you have a video that I managed to capture while my account was “accidentally” unblocked for a short time after spectrocoin redesign. During the period of blockage money was simply withdrawn (deducted) by spectrocoin staff:
http://www.dailymotion.com/video/x4oz85r

I am not sure whether Spectrocoin provides any TX ID, but history details clearly shows that transaction has been performed and I didn’t receive any message that “Spectrocoin couldn’t transfer funds”. Spectrocoin concealed that the transfer was imitated and resumed receiving money at my account. Which means that Spectrocoin administration expected to collect even more money of my clients, that’s why it kept accepting money in an unilateral manner.

Since when does bitcoin trading have become an illegal activity? And how could you possibly know what I’m using this money for? I have a long history of trading at bitcoin exchange market, I earned about 200% net profit by playing on BTC exchange rate fluctuations in last 8 months. I can provide forum moderators with all the evidence I have that proves my trading history with BTC broker. My broker account history contains BTC wallet which was indicated as destination wallet for this transaction faked by Spectrocoin.

Mr. VytautasK, obviously it wasn’t enough for spectrocoin to get a transaction fee and you imitated a transfer of 64 BTC and kept this fact in secret, I think this is a clear example of Fraudulent Activity you were talking about:
- In addition to those 64 BTC misappropriated by Spectrocoin, you kept receiving money of my clients without any restricions, obviously in order to misappropriate even more somebody else’s money, this is called a Fraudulent Activity.
- You blocked access to my account so I couldn’t capture videos and was unable to make public evidence of your illegal actions, this is called a Fraudulent Activity.
- You left unanswered all my attempts to find out what was going on. I was ignored at Spectrcoin ticket support, live chat, Skype, email, phone support, this is called a Fraudulent Activity.
- You ignored my posts at bitcointalk.org forum, hoping that no one will learn about your theft, this is called a Fraudulent Activity.

And now you dare to find an excuse in form of your illusive Terms and Conditions, really? Does a misappropriation of your clients’ funds makes part of your Terms and Conditions? It is clearly obvious that you robbed your client and don’t you even try to make up more non-existent arguments.

How can you explain that 3 phone numbers that I used for calling you, were blacklisted?
How can you explain that my messages sent to your Support center were left unanswered? Or do you consider “Unfortunately we can not offer our service to you” as an adequate answer?
How can you explain that my access to Spectrocoin ticket center was blocked?
How can you explain that your live chat and Skype operators left conversations once they learned my username?
Is it normal for a business company to steal $60k USD and then ignore all attempts of its owner to contact you?

It is natural that such shady behavior causes suspicions and only witnesses to your Fraudulent Activity.
All these moments serve as an evidence of the fact that you tried to suppress this situation from getting into public spotlight in order to misappropriate the money. I repeat: it was an illegal action that you misappropriated 90 BTC which costed $60,000.00 USD at that moment. Can you imagine this? $60k USD!!!


It is clear as a day, the only reason why Spectrocoin imitated this transfer and then blocked my account is easy money made misappropriation of the funds of their clients.
Just think about it: $60,000.00 USD is really a large amount, administrators just couldn’t resist the temptation and decided to misappropriate this money. This the only credible explanation of such inadequate actions. Any other excuses are just pathetic attempts to keep the money.

In the meantime, while we are discussing this situation Spectrcoin can or even does imitate another money transfers and keeps stealing funds of other clients. Until this criminal situation is resolved I ask bitcointalk.org moderators to move all Spectrcoin related discussion threads into “Suspcious companies” list.

Предостерегаю всех пользователей от использования любых услуг SPECTROCOIN.COM .
Я обвиняю администрацию SPECTROCOIN.COM в хищении моих более чем 90 Биткоинов.
Вызываю сооснователя Spectrocoin VYTAUTAS KARALEVIČIUS на публичные дебаты по данному вопросу в следующем топике: https://bitcointalk.org/index.php?topic=1586595

Beware of using SpectroCoin Bitcoin debit card.

I accuse SPECTROCOIN.COM of theft of my more than 90 bitcoins.

I am asking VYTAUTAS KARALEVIČIUS to make a statement in public thread I just created:
https://bitcointalk.org/index.php?topic=1586595

I accuse SPECTROCOIN.COM of theft of my more than 90 bitcoins.

I am asking VYTAUTAS KARALEVIČIUS to make a statement in public thread I just created:
https://bitcointalk.org/index.php?topic=1586595

I am a private trader and I started using spectrocoin.com as a tool for receiving bitcoins via API. My clients were transferring bitcoins to me, which were then accumulated at Spectrocoin e-wallet.

One day it was time to take this money and send bitcoins to broker’s website to initiate trading procedure. I received destination BTC address and I sent requested amount using Spectrocoin’s transfer form. After that I resumed using Spectrocoin for receiving bitcoins via API.
2 days later I discovered that broker did not receive these funds at all and his e-wallet balance is still zero. Destination BTC wallet is still empty, anyone can check it here: https://blockchain.info/address/1NgLZiV4fYAbiTjGXSrH8G1WDTyPkXuLtA

I rushed to Spectrocoin website, logged into my account and checked transactions history. It was stated there that transfer of 64 BTC was completed and I even got charged for that a fee.
My account video: http://www.dailymotion.com/video/x4osl7a
fake 64 BTC transfer + fee:
http://image.prntscr.com/image/653b0d9602f34a8faf6349f77c4fcd4f.png
64 BTC status "processed" but recipient wallet is empty:
http://image.prntscr.com/image/507d75bb681e496fb3f3162de16f6505.png

In other words, Spectrocoin faked a transfer to BTC address of my broker, did not inform me of that and kept getting funds in normal mode.
My account balance was funded with 24 BTC more before I discovered this fake transaction. Of course, I decided to withdraw this money, but once I tried it, withdraw page got locked and I got a message that claimed that I need to get my account verified.
Since Spectrocoin still has my 88 BTC, which is a large amount, and this situation really started get fishy, I decided to capture video of my account with this fake transaction, just in case, you know. And my intuition did not deceive me: 2 hours later I tried to log into my account, and I failed to do this. All I got was this message: “User account is locked. Please contact administration.”

I tried contacting Spectrocoin operators via live chat and Skype. Once I start a conversation, their operators ask my username and when I tell them, they do not reply back. My access to ticket support service was blocked and my emails were left unanswered.
Email: http://image.prntscr.com/image/87fae1bf1c9d463b8747468013d24faf.png
Skype: http://image.prntscr.com/image/c5f972a91c024db9803d5786968ed0be.png
Online chat: http://image.prntscr.com/image/40c0bcb9b8fb42bf9dea0448cd1b61b8.png
Ticket service: http://image.prntscr.com/image/f21afc4149f549d79742584d9931b119.png

I suppose it means that Spectrocoin.com unabashedly fakes money transfers and steals funds of their customers.

I called by the phone to Spectrocoin office few times. After fourth call, my account was unblocked. I rushed into my account and started capturing video. My balance was zero, 24 BTC that were remaining since my last visit have gone, literally disappeared.
http://image.prntscr.com/image/ac3a507bb3cf4f899674202cbd07a39b.png
I barely managed to log into my account and capture a new video, and then account was blocked again.

 I continued calling to Spectrocoin office, operators even started to recognize me, they ask me to contact their Support center via email, since they cannot help me.
After that my phone number is added to blacklist, as they do not respond to my repeated calls from that number and I have to use another phone number which later gets into blacklist too and the situation repeats time after time.

Spectrocoin Co-Founder VYTAUTAS KARALEVIČIUS  visits Bitcointalk.org forum every day, but avoids contacting me and does nothing to return me my money.
https://bitcointalk.org/index.php?topic=577176.msg15860288#msg15860288

My money are in possession of Spectrocoin for more than 1.5 month. In the meantime, BTC exchange rate significantly dropped down. I was supposed to sell bitcoins, now buy them again and earn ~$10000. I assume Spectrocoin administration did the same.

I am ready to provide to Bitcointalk.org moderators or any authorized officials all the evidence I have to confirm the information stated above, including video captured before account was blocked, all records of my phone calls made to Spectrocoin office, screenshots and other data.

I am calling out a Spectrocoin representative for a public discussion so he could explain this undue behavior. I demand paying me back my 90+ BTC and 15 BTC more as a recompense of the profits lost through the fault of irresponsible actions of Spectrocoin administration.

Spectrocoin main topic: https://bitcointalk.org/index.php?topic=577176.100
Spectrocoin debit cards topic: https://bitcointalk.org/index.php?topic=1037139.0

As I can see, Spectrocoin representatives are trying suppress this situation. Spectrocoin officials do not want to resolve this situation and obviously they intend to appropriate my 90+ BTC.

Even though they surely are aware of my problem. This screenshot proves that Spectrocoin representative today visited forum and left my message unanswered.

http://i.imgur.com/UEkHs8c.png

Even now he's online and still keeps silence:

http://i.imgur.com/umpiyTy.png

Congrats guys with new design, but could you assist me in solving of my issue?

It is already over a month since I cannot operate my 90+ bitcoins stored on my Spectrocoin account. Spectrocoin administration does not respond to my attempts to contact them. Support tickets and emails are left without replies, live chat and Skype operators start ignoring me once they know my username.
I tried calling to Spectrocoin office from three different phone numbers. Once Spectrocoin operators know my username, they put my phone number into blacklist and I can no longer reach them.

How can you explain this undue behavior?

While I was trying to reach Spectrocoin administration, BTC exchange rate significantly dropped down and I lost about $10000.

Are Spectrocoin officials going to ever compensate my losses somehow?