stackofstake.com

@everyone


= MCT+ IMPORTANT ANNOUNCEMENT =

It is with sadness that I have to announce that with immediate effect I will be leaving MCT+. This goes totally against what I had planned and the announcement I made yesterday. 

The reason I have changed my position is I feel that Tax79 threats and blackmail of Andrew are totally out of order, in fact it is a criminal offence. This is not an environment I wish to work in, especially for free when all I did was come back to help everyone.

I did see the info Tax provided, I even pinned someone’s message linking to it today in #General. I do not know why he is only just announcing this today and never told me or any of the team about it when were investigating what had happened.

It does certainly raises questions about the events that led to the theft, but I have seen nothing conclusive. In fact the only thing I have seen that is accurate and conclusive is of Tax’s demands for payment from Andrew to not sell the info he had on Andrew including private family information.

This behaviour is not acceptable and based on that I will not work on this project for free so that Tax79 profits from it.

I am really sorry to everyone else who looses out due to this, but I returned to MCT+ to help out, unfortunately the greed and illegal behaviour of one individual has ruined the ability and commitment I was going to bring to MCT+ to get everyone their lost funds back which was my aim in the first place.

On that note I would like to say a big thank you to all of those of you that had faith in me. I am a genuine guy of sound principles but it is that reason that I also have to leave given the actions of this ex team member.

Best Wishes

Simon 

@everyone


= MCT+ IMPORTANT ANNOUNCEMENT =

After speaking with Andrew this morning it has come to light that he has sadly been blackmailed by a member of our own Team. We have taken the decision to post this as evidence of the sort of issues we have to deal with and hope our community will support us in agreeing that it is unaccepatable.

The saddest part is it comes from a Team member who was really respected by everyone else within the MCT+ Team.

I will continue to work with Andrew and the community to deal with these threats which in their own right are a criminal offence.

The MCT+ Team



PART 3...

That said, given the situation here at MCT+ I have now offered to work with Andrew as a Developer in 2019 & 2020 with a view to significantly improving MCT+ as a Trading Platform. I can not promise success, but what I can promise is that I will do my best and work without any pay until every single user who lost funds are paid back.

So on to what MCT+ is now proposing to do.

1)    There will no longer be any trading on the MCT+ Platform until we are in a position to release a new build. Current estimates put this in Q1/Q2 2020. There is no point being unrealistic and missing targets, we would prefer to deal with any disappointment now, than to have this as a recurring theme going forward.

2)    The Platform will remain online until 14th July 2019 inclusive, only to allow users to withdraw all their funds.

3)    All account information will be retained by the team along with details of losses so that when the new Platform is released, we can begin repaying all funds that were lost. With this in mind it is crucial you hold onto your login information.

4)    The MCT+ Twitter and Discord will remain open throughout where we will share any updates as soon as we have them. We are not leaving, but do not expect development updates until at least later this year when our development resources improve.

5)    The swap for MCTP will take place in line with the release of the new Platform. Everyone should hold onto their existing wallets and back them up.

I hope this at minimum provides everyone with some information as to what is going on. The current situation was clearly not working and when looking at everything from work to be done, development resources and funds available to the project we had to decide on something that gives us the best chance of success in the end.

The MCT+ Team


PART 2...

To get around the above we obviously now need even further development resources during a time where we are not even coping with the current requirements, listings and the swap of MCTP itself.

After some serious discussions with Andrew it is still evident that he does not wish to close down MCT+ and it is his intention that everyone who lost funds are repaid as soon as MCT+ is in a position to do so. This is a view I also share which is why I returned to help out in the first place if only as someone to communicate with the public and Andrew to try and get things on the right track again.

As the announcement’s history will show, I left MCT+ in March 2019 to concentrate on my family with a plan to working on my own development. Only known to me was that this would begin in Q4 2019 once my personal commitments allowed more time to do so. 

I personally came from a background in .NET and had 15 years commercial experience in Software Development but have been out of this environment for a number of years due to personal reasons. Like a lot of you here, I have a passion for everything blockchain which when supplemented with my coding background only magnifies that passion to learn and work more with it.

I have a great interest in the Stratis Platform, and it was that which I planned to integrate in to my own Platform in 2020. My plan was to work on these in private and only announce/release them once they were ready. It was never my wish to work on this whilst sitting on Discord talking to people, especially upset ones who were owed money. A lot of the time better ideas can be found where there is less pressure and on top of this it is more enjoyable and that is what I wanted.

@everyone


= MCT+ IMPORTANT UPDATE =

Hi Community,

Firstly, I apologise for the time it has taken to put out this announcement, but it has taken time to find a way for MCT+ as a project to move forward again.

As a number of our Discord members who follow the #General channel might be aware we have had a real issue with resources in terms of the Development Team. For much of the time since MCT+ was founded we have only had one Developer working on it and that has been Andrew. Sadly, of recent he has not been able to put in the time required here to move the project forward and has barely had the time to even support it in its day to day running due to health issues with his father. These circumstances are not expected to change in the near future. I would again like to take this opportunity on behalf of everyone to wish Andrew’s father a speedy recovery.

Recently we took the decision to look at moving our services to a cheaper host in order to cut costs as these are all being funded by Andrew. Sadly, the project did not have a financial surplus as it was only at the turn of the year that the Platform began to break even. Prior to this and like now the project is being funded by Andrew himself. Part of this planned movement was also so that we could open up access to other team members with the view to them being able to maintain the coin/project listings and thus keep things ticking over until the situation with Andrews availability improved. Unfortunately, as recent as a few days ago, this plan hit a new problem.

It has come to light that with BTC version 0.18.0 a number of RPC calls that the platform uses for its core functionality are being removed. This alone means that it would not be long before the platform would cease to operate in terms of BTC and then eventually with other coins/projects that forked from its new source code.

Due to hosting provider maintenance the trading platform can be offline/not reachable multiple times until monday.




= SUMMARY AND GOING FORWARD =

It is my conclusion that what has happened here is "Gross misconduct by a member of the MCT+ Team (Andrew) which has provided an external party with the opportunity to steal from the Platform". His laptop should never have been left accessible in a public location. MCT+ spent considerable time and resources protecting the platform from the internet only to get caught out in this manner. Sadly we are all human and make mistakes especially when dealing with other pressures. In the case of Andrews mistake I know this is one he will find it hard to ever forget, but I do know he wants to put things right.


In any normal business you would generally fire the employee; but we clearly have to recognise Andrews position. He is a founder of this project and also funded it with his own money. On top of that he is the main developer and his loss would mean the end of MCT+ which is certainly not our objective here.

The team are in full agreement that the only way forward, given that we do not wish to close up shop (this was never a scam) is to get all customers their money back and continue to build upon what we started. So following on from this investigation and announcement my priority is to work with the Team to come up with a way to repay all those customers. Part of that plan is already in motion with the release of the Missing Coins page last night.

The MCT+ Team


= THE INCIDENT CONTINUED =

After understanding what had happened I then looked at the following


= CCTV

I asked if there was CCTV in this rentable office complex, to which there was not. This is of course not very helpful, though given the next question its use would potentially have been limited.


= POLICE

Why this hadn’t been reported to the Police.

Well as you all know MCT+ had not yet incorporated a company to operate a Crypto business of this type. Like so many other crypto projects operating today without large ICO’s this appears to be quite common. It was only recently that a vote was held in regards to how MCT+ should move forwards in regards to this following a profitable start to 2019. 

Why had a company not yet been set up yet; well to anyone trying to do the same you will know what a difficult thing it is to do and the costs involved. MCT+ had not taken this step yet as considerable personal expense had already been put into the project and until then the Team wanted to be sure the project was viable having already injected thousands of euros.


= OTHER INFO

Prior to this incident MCT+ had received funds from an agreement with WOLF during their presale that was going towards the incorporation of MCT+ as a legal company following a recent vote. I know they received these funds as I negotiated the deal before I left, so in no way was this theft linked to funding the incorporation of a company.


= THE INCIDENT =

The compromise of the BTC, WOLF, XRD and MCTP wallets occurred around 2pm on Tuesday 14th May 2019.

Andrew was working in an office building where you rent space by the hour to basically use the facilities, he has worked from there many times before and has in fact even asked other software developers there advice and to help with code in the past.

Andrew had a number of consoles open on his laptop to the MCT+ servers when he had to take a phone call. After the phone call had finished and realising he was late he ran into the conference room to attend a meeting. He ended up being away from his desk for a prolonged period of time (several hours).

When he returned and had seen the discussions on the MCT+ Discord alarm bells began to ring, this only began to get worse as he started to look at his laptop. He then made a call to Mari and asked her to shut down all of the MCT+ severs, something she had been briefed on how to do in the past as MCT+ is a small team.

Following this shut down a number of things had to take place:

An investigation by Andrew himself, including the of checking of the servers and wallets. There was then checks of the site code against previous versions to ensure no malicious code had been planted prior or during the theft. It was during the course of these checks it became evident as to which wallets had been compromised which also tied in with discussions on Discord. 

To the best of our knowledge it appears the wallets were copied, the funds moved and then encrypted using a password/phrase unknown to us. Given the manner in which the MCT+ Platform interacted with the wallets and used addresses we have been left with no access to the XRD and MCTP wallets where those funds still reside. We can see them in a read only mode, but without the wallet passwords we can not move the funds out. The BTC funds were moved totally out of the Platforms wallet and the encryption is not the issue here.


@everyone


= MCT+ THEFT UPDATE =

= OVERVIEW =

Good afternoon community, I have now concluded my investigations as to what happened at MCT+ and I am in a position to share those details with you all. As part of that disclosure I felt it was appropriate to add further explanation as to why I had taken up the responsibility for doing this.

I would like to think I know Andrew better than anyone here other than his wife Mari of course. My association with him goes back to way before the MCT genesis block was mined, let alone the idea of MCT+. Part of the reason I returned was to help a friend out, it was not just my investment in MCT+, previous ties to the project, the team and the community who I wanted to help.

It was one thing to see the project in trouble following the theft but then to see some people accusing Andrew and MCT+ of an “Exit Scam” or being “Scammers” angered me as I could not see how this could be true. That said when I initially heard about things and read the announcements I did begin to ask questions of my friend in my head and wonder if he really did play a part in this. It was in this frame of mind that I set about looking into things and asking some really potentially friendship breaking questions, I had to be convinced myself before I could even consider carrying on to help MCT+ and updating you the community. I should also say if I had found it was an inside job I would have made sure the community found out about it, but after looking at everything I am at least pleased to say I do not have to do that.

In this image you see the old versus the new signup page for new users.



Find the two rabbits 🐇 🐇

Happy Easter 🐰 🐣 from the woods 🌲 🌄

MCT team will be back on Thuesday



Seems the problem is solved. Happy trading!


@everyone
There is a server fault at our providers cloud infrastructure.
We do not know when servers will be back.



@everyone



As i read your messages for the last few days i see that some people are disappointed and some are happy about the future.
our real world company runs an emergency service for elevators, parking and helicopter services.
in the last few days we had a lot of emergencies and had no time to bring mctp to the next level.
BUT - we do not do charity events for what we do in real live, we focus on developing our platform to the next level and invest every spare minute into the platform.

So you should invest your money into a big deal project like ours and further development goes to adding new coins that are not compatilbe with platform atm. ETH Cryptonight and so on.

We do not announce every mini step as you saw, as we are here for the long run.

MCTP for future. Your money, your platform. Trade now :)

The MTC+ Team


@everyone

Good day community!

Today we had a meeting with our tax consultant and we talked about the future of MCTP. We discussed a few scenarios and then there were two scenarios remaining.
We want the opinion from our community in which direction we should go from here.

For this we created a new channel called <#563423695926984704>
You will find the two scenarios there and can vote A or B.
Vote will last for one week, so everyone has time to think about his decision.

The two scenarios will be:

🇦

We are opening a new company (Private limited company - OÜ) , add EUR & USD trading pairs (including credit card and paypal payments) and will add a KYC for every user to get verified when the user uses the MCTP platform.
Community will get 30% rev share. There will also be no plans to renew Investor payments (15% of Investors after 12 months will be transferd to company)
We can then also do real marketing and be on the safe side.

🇧

Things will remain the same as now. We will grow and gain more trust in time. USD/EUR pairs will not be added as the actual company is the wrong legal form.
Our already existing company will handle all platform related things. (server rent, coding, support, etc.)

The MCT+ Team
_


@everyone


= AltBet [ABET] Coin Information =

As we saw, there are a lot of false informations around.
New *official* ABET wallet does not contain a trojan.

If you are unsure you can deposit your ABET coins on platform, as each of our wallets run in a total isolated environment.
All false and unprooved comments about ABET will be immediatly deleted in our discord.
For your own safety - always encrypt your wallets!

Have a nice day, 
MCT+ Team

P.S.: Do not forget to trade on platform and gain some rev share :)

_


@everyone


= PLATFORM WALLETS PAGE =

Today we updated the platform wallets page.
Now you can sort by each column. Default sorting is "Total USD" value.

We also did some overall changes to the look of the platform and develop a new statistics page.
As we did a lot of changes, you should logout, clear the browser cache for trade.mct.plus and login again.

The MCT+ Team

_



= Maintenance =

We are doing some maintenance in the next hours - there can be  small connection problems/interrupts, you just have to try again in a few minutes then.

This text will delete itself after maintenance finished.