UTC-05:00,Sunday , August 25th 2019

Brazilian Mining Company Under Investigation Says It Can't Pay Investors

22:46 Wednesday , December 05th 2018
Brazilian mining company Minerword, who is facing allegations of being a Ponzi scheme, now claims it does not have enough Bitcoins to compensate investors who pledged money into the company.
Suspicions were raised after Minerworld claimed they lost 851 Bitcoins in October 2017 due to a phishing attack on the Poloniex exchange. The exchange did not release any statements detailing a theft, according to media.
A court order purportedly mandated the company to use remaining financial resources to pay back investors, but reporting from Mixiamax said Minerworld told the court it could not make payments because remaining funds were spent on keeping operations running and to terminate contracts with service providers.
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