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  1. #1
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    Default Cubits.com issue

    Hello All ,

    Just checking if anyone works with Cubits.com and also if you recently experienced any issues with them ? They are down at the moment ,needless to say we have BTC with them .

    Your feedback is greatly appreciated.
    Kind regards
    Ivan
    Operational Manager
    Email : [email protected]
    Skype: casino.extreme
    www.casinoextreme.eu
    www.casinobrango.com
    www.casinoadrenaline.com


  2. #2
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    They are busto, they owe user/affiliates/operators millions.

    They got ****** over playing with customer funds and got screwed by a china processor and are now busto.

    https://theworldnews.net/mt-news/mal...-bitcoin-theft

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  4. #3
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    PRESS RELEASE
    Dooga Ltd, trading as “Cubits”, enters Administration


    - Dooga was victim of a serious criminal act
    - Impact on business led to decision to place company into Administration
    - Administrators appointed on 10 December 2018, securing current position

    London, 11 December 2018 – Dooga Ltd, trading under the registered trademark “Cubits”, entered Administration on 10 December 2018. Steve Parker and Trevor Binyon of Opus Restructuring & Insolvency (part of Opus Business Services Group) have been appointed as Joint Administrators.

    Dooga was the victim of a serious criminal act, perpetrated from outside the organisation, which has critically impacted its business and finally led to the difficult decision to place the company into Administration.

    This decision secures the current position whilst the Administrators seek offers for the business and its assets. The role of the Administrators will be to work with those who are owed money by the Company and to collect monies that are owed. The key objective is to achieve the best possible outcome for creditors and recover as much as possible of the funds owed to the Company.

    The criminal act happened in February 2018 and involved the accounts of three clients. Bitcoins with a market value at that time of approximately €29 million were properly delivered and subsequently withdrawn, with the customers apparently colluding with fraudsters. Dooga has never received the equivalent in fiat from the payment processor responsible for carrying out the transaction. Immediately after becoming aware of the act, Dooga has informed the responsible authorities in the UK, Malta and China as well as in Germany and has filed several criminal complaints.

    Since February, Dooga has made every possible effort to recover these funds. Unfortunately – contrary to expectations – these efforts have been unsuccessful up until now. Amongst other measures, Dooga has filed two garnishee orders against the Malta registered payment processor which owes Dooga approx. €35 million, and commenced arbitration proceedings, with the largest share coming from the aforementioned transactions of the three account holders.

    Due to the nature of the case, both Allister Manson, Technology Partner at Opus Restructuring & Insolvency, and Nicholas Parton, Head of Forensic Accounting at Opus, will also be closely involved in this case.
    Steve Parker comments: “We have assembled a partner team from Opus with specialist expertise in technology, insolvency and forensic accounting. Our goal is to achieve the best outcome for creditors generally at the earliest possible date. Dooga’s current position is secure, investigations are proceeding and we will be writing to creditors, formally, this week.”

    Press contact
    Louise Barker, Head of Communications
    Opus Business Services Group
    E: [email protected]
    O: +44 (0) 20 7268 3333
    M: +44 (0) 7976 241 424

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    Source @Hublot?

    Thanks for this.

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    bitstarz put out an email that they had changed deposit funds.. not heard anything else from other brands using the platform..


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    Too many lowlife crypto companies are pulling exit scams and running off with their customers' money. I hope the authorities go after each and every one of them.

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    Quote Originally Posted by Casino Extreme View Post
    Hello All ,

    Just checking if anyone works with Cubits.com and also if you recently experienced any issues with them ? They are down at the moment ,needless to say we have BTC with them .

    Your feedback is greatly appreciated.

    Somebody left with the money, either an inside job or some payment processor.

    Whatever it exactly might be, money/coins are gone, I'm afraid for the people who had their coins at this wallet.

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    Quote Originally Posted by sweetbet View Post
    Too many lowlife crypto companies are pulling exit scams and running off with their customers' money. I hope the authorities go after each and every one of them.
    So the answer to have more control and Know Your Customers for exchanges and wallets so the culprits can be found and dealt with might seem more appealing to many.

    Rick
    Universal4

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    It all sums up nicely and all according to the statement ,the small issues started earlier this year and they just continued growing . What I find disturbing is that they didn't inform any of its customers and they set the accounts on receive only . Conclusion ,no matter what happened and if Dooga is hacked ,they did the same at the end to the clients . This is just another CRIME !!!
    Kind regards
    Ivan
    Operational Manager
    Email : [email protected]
    Skype: casino.extreme
    www.casinoextreme.eu
    www.casinobrango.com
    www.casinoadrenaline.com


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    Cubits, the trading name of legal entity Dooga Ltd., said the “serious criminal act?had crippled business operations and “finally led to the difficult decision to place the company into administration.?/span>

    Three Chinese traders allegedly purchased BTC through the platform via Pay Secure Online (Paysec), a payment processor based in Malta. However, Paysec never remitted the funds to Dooga, in an alleged scam. Cubits has now filed a lawsuit in Malta to force Paysec to reimburse the €35 million ($39.2 million it supposedly owes the exchange. The reimbursement claim includes funds from the three Chinese accounts and others.

    The company stated:

    The criminal act happened in February 2018 and involved the accounts of three clients. Bitcoins with a market value at that time of approximately €29 million were properly delivered and subsequently withdrawn, with the customers apparently colluding with fraudsters. Dooga has never received the equivalent in fiat from the payment processor responsible for carrying out the transaction.

    Dooga stated that it had informed the responsible authorities in the U.K., Malta, China and Germany of the scam. It has also filed several criminal complaints, but nothing has materialized, forcing the exchange to file for administration.
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    We, as a company, were just finalizing the process of integration of their services into our platform when that happened..
    As for the current alternatives, cryptopay seems to be one of, if not the best.

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    It will be interesting to see what was left in the business. We lost a very large sum of money to the Cubits closure and I know many others who lost huge sums. It was extremely negligent of the owners to not segregate client holdings.

    For those who don't know Cubits/Doogs well, the owners also own and operate another thriving crypto company - Booming Games - a slot provider that is integrated with a huge number of online casinos, especially crypto casinos. While Cubits has gone under with tens of millions of client funds lost to a "scam", the owners are still crushing it with their other ventures and completely unaffected by the bankruptcy of Dooga. Of course they probably didn't want to have the company go under, but because of limited liability and the fact their other crypto business are Booming, they likely couldn't give a sh*t.
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    When the sum is $40 million; anything is possible. Many crypto exchanges have pulled this crap before, and happens around the time their banks start asking questions on outgoing fiat wire transfers to remote islands.

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    Mainstreet Affiliates were using Cubits as there Bitcoin processor until they went bankrupt and withheld user funds.

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    Quote Originally Posted by Malikbhai View Post
    When the sum is $40 million; anything is possible. Many crypto exchanges have pulled this crap before, and happens around the time their banks start asking questions on outgoing fiat wire transfers to remote islands.
    Yup, without wanting to get into conspiracy theories, it's not out of the realms of possibility that this was an inside job. Unfortunately due to the lack of regulation and the way Cubits handled client funds, something like this was always a possible outcome.
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    The company doing the administration states there's a complete lack of cooperation from Cubits/Dooga. I would bet on an inside jobs of this crooks.

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