Zipmex Victims Complain with Police

[snoop1130]

 

BANGKOK, July 25 (TNA) – About 50 people damaged from their digital asset investment through Zipmex Thailand met police to inform their roles on behalf of overall affected investors in negotiating with the company which blocks them from withdrawing their assets in baht and crypto currencies from its platform.

 

Among them, Pataraset Promsawat said that since July 20 the investors could not withdraw or transfer their assets placed earlier with Zipmex and the issue affected more than 4,000 people. Of them, about 500 people filed complaints on their damage estimated at about 300 million baht, he said.

 

Full Story: https://tna.mcot.net/english-news-985426

 

-- © Copyright Thai News Agency 2022-07-25

 

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[Andycoops]

Fools.

[ChaiyaTH]

4 minutes ago, Andycoops said:

Fools.

Fools? It was a official company, anyone who didn't have bitkub or satang already would have seen their ads all over bangkok. You are the fool to speak of things you are clueless about instead.

[Photoguy21]

12 minutes ago, ChaiyaTH said:

Fools? It was a official company, anyone who didn't have bitkub or satang already would have seen their ads all over bangkok. You are the fool to speak of things you are clueless about instead.

An advert means nothing. People are taken in by flashy adverts and in some cases this is what happens.

[ChaiyaTH]

Just now, Photoguy21 said:

An advert means nothing. People are taken in by flashy adverts and in some cases this is what happens.

Again, you do not even know what you talk about at all, do you? It was an exchange, could happened with anything. It's like you talk about a taxi that crashed and then call people fools because they booked it after seeing the advertising for the grab app.

[The Hammer2021]

7 minutes ago, Photoguy21 said:

An advert means nothing. People are taken in by flashy adverts and in some cases this is what happens.

And greed. It's a shame but the coin fad has disappointed a lot of people

[ThailandRyan]

3 minutes ago, The Hammer2021 said:

And greed. It's a shame but the coin fad has disappointed a lot of people

Far from disappointed am I.

[The Hammer2021]

15 minutes ago, ThailandRyan said:

Far from disappointed am I.

Well you are exceptionally successful and modest

https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash

[ThailandRyan]

15 minutes ago, The Hammer2021 said:

Well you are exceptionally successful and modest

https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash

Of course people have done silly things like sinking everything they have into crypto just in the past few years when the market was already sky-high hoping to get rich instead of having a balanced portfolio.  In the Dot Com crash I lost a considerable sum in Tech stocks and of course I bought into the green energy hype which caused me nothing but consternation.  However, I did not put all of my eggs in one basket.  Life can be good if you do things smartly, there is always a risk in anythink you do.  Have a friend who just lost over 50k USD on a Margin call, foolish he was to have bought some of the stocks he did with the market in a pull back.  

[GeorgeCross]

..and its gone

[ThailandRyan]

13 minutes ago, GeorgeCross said:

..and its gone

That is not completely truthful.

 

https://finance.yahoo.com/news/troubled-crypto-exchange-zipmex-says-065825167.html

On Friday, Zipmex tweeted it would resume allowing withdrawals but only from Trade wallet “until further notice.”

[Excel]

1 hour ago, Andycoops said:

Fools.

Exactly. Too good to be true schemes are just that, too good to be true and those greedy folk can only blame themselves. As has been said on here numerous times if you indulge in ponzi schemes you will, and deserve to get burnt.  Note the usual crypto defender has been noticeable by his silence of late.

[josephbloggs]

"Complain With Police".   The journalistic and English language standards just go from strength to strength here.  

Really poor, and see it in almost every "article".  

[RichardColeman]

Crypto vs property - one long term winner in my book 

[mnomad]

12 hours ago, Excel said:

Exactly. Too good to be true schemes are just that, too good to be true and those greedy folk can only blame themselves. As has been said on here numerous times if you indulge in ponzi schemes you will, and deserve to get burnt.  Note the usual crypto defender has been noticeable by his silence of late.

What? Are you saying that my snailcoin v2 compounding in DEFI called grimreaper backed by the full faith of tether returning 3023% APY is not solid? They told me in Discord this was bulletproof and they had a pdf with some LaTex math in it, in addition some guy called LamboKingSG said he used to work for Elon and had friends at NASA. How can you say i didn't do due diligence?  

 

[ThailandRyan]

2 minutes ago, mnomad said:

What? Are you saying that my snailcoin v2 compounding in DEFI called grimreaper backed by the full faith of tether returning 3023% APY is not solid? They told me in Discord this was bulletproof and they had a pdf with some LaTex math in it, in addition some guy called LamboKingSG said he used to work for Elon and had friends at NASA. How can you say i didn't do due diligence?  

 

You did not buy the SnuffedOut coin, well nuff said.......

[Excel]

17 minutes ago, RichardColeman said:

Crypto vs property - one long term winner in my book 

or to put it another way;

Gross greed =  Crypto

Investment = Property

[ThailandRyan]

6 minutes ago, Excel said:

or to put it another way;

Gross greed =  Crypto

Investment = Property

Yet Crypto sold allowed investment in property worth more than the initial investment in crypto, well for some who were not greedy and expecting millions.  3rd Child is in the process of buying a house, the money pulled from crypto prior to the slide and invested in fuel type stocks like XLE which bloomed from $58 to 90+ and was pulled out before the energy sector started to decline, adding another 30%.  Life is good for those that understand sectors, of course she is a CPA as well.

[rwill]

Some of these crypto lenders were definitely pyramid type schemes.  I looked at several that paid a higher interest rate to depositors with a lower loan rate to borrowers.   There was no way I saw that working.

 

Anyway the moral of the crypto story is to keep your assests in your own private wallet.  Not someone elses.

Edited July 26, 2022 by rwill

[Excel]

2 minutes ago, ThailandRyan said:

Yet Crypto sold allowed investment in property worth more than the initial investment in crypto, well for some who were not greedy and expecting millions.  3rd Child is in the process of buying a house, the money pulled from crypto prior to the slide and invested in fuel type stocks like XLE which bloomed from $58 to 90+ and was pulled out before the energy sector started to decline, adding another 30%.  Life is good for those that understand sectors, of course she is a CPA as well.

Well of course. All Ponzi schemes are great for the initial investors who then bails. Nothing new in that

[ThailandRyan]

1 minute ago, rwill said:

Some of these crypto lenders were definitely pyramid type schemes.  I looked at several that paid a higher interest rate to depositors than with a lower loan rate to borrowers.   There was no way I saw that working.

When this all shakes out there will be but a few exchanges left and only a handful of Coins that will be worth anything.

[ThailandRyan]

24 minutes ago, Excel said:

Well of course. All Ponzi schemes are great for the initial investors who then bails. Nothing new in that

Ponzi is a very strong term to use, have you ever seen a Ponzi Scheme listed on the Stock Market like some of the exchanges are?  Well except Bernie Madoff's ......but then he collected and never used the funds as intended, just like some real-estate developers.....

[scorecard]

15 hours ago, ChaiyaTH said:

Fools? It was a official company, anyone who didn't have bitkub or satang already would have seen their ads all over bangkok. You are the fool to speak of things you are clueless about instead.

'It was an official company'. So what? That proves nothing.

 

'Companies' start and quickly fail all the time in all countries.

 

Further, even if they advertised 'all over Bangkok', how would the people who saw those ads know if the 'company was legitimate or registered or actually had / practised logical policies?

 

Would it not be true that many folks who saw their ads would have no knowledge whatever of how to check their credentials, check the background of the managers / creators of this company?

 

Unfortunately there's many folks who believe 'get rich quick' ads and influencers, all over the world, and they lose their money and will never see it again because the folks who stole their money had made sure 'it's gone' forever.

Edited July 26, 2022 by scorecard

[khunjeff]

15 hours ago, ChaiyaTH said:

It's like you talk about a taxi that crashed and then call people fools because they booked it after seeing the advertising for the grab app.

It's more like they saw advertising for Grab, put a million baht into a Grab wallet, and then the company wouldn't let them take out the money or use it for any goods or services. Big difference. 

[mikebell]

1 hour ago, RichardColeman said:

Crypto vs property - one long term winner in my book 

But not for farangs in Thailand.

[FritsSikkink]

15 hours ago, ChaiyaTH said:

Fools? It was a official company, anyone who didn't have bitkub or satang already would have seen their ads all over bangkok. You are the fool to speak of things you are clueless about instead.

If you think get you can get an big returns, way above normal market rates, you need to think twice (or more)

Edited July 26, 2022 by FritsSikkink

[FritsSikkink]

15 hours ago, ChaiyaTH said:

Again, you do not even know what you talk about at all, do you? It was an exchange, could happened with anything. It's like you talk about a taxi that crashed and then call people fools because they booked it after seeing the advertising for the grab app.

Looks like you did invest in a company which is not performing, yet you blame other people that they don't know anything.

[Excel]

2 hours ago, ThailandRyan said:

Ponzi is a very strong term to use, have you ever seen a Ponzi Scheme listed on the Stock Market like some of the exchanges are?  Well except Bernie Madoff's ......but then he collected and never used the funds as intended, just like some real-estate developers.....

Wasn't Enron, and Worldcom,  stock market listed ? Not a Ponzi scheme of course but nonetheless was still run by a bunch of wannabe fraudsters, and just like crypto, attracted gullible investors  who believed the company reports. No different to people believing the economic growth predictions put out by this government I guess. Wouldn't be surprised if some of the self same people were/are involved in crypto.  Harder to catch them though as Ruja Ignatove proves alias "the crypto Queen".  Possibly that is not even her real name could be anybody but she fooled many who deserved to lose it through simply being  greedy.

Edited July 26, 2022 by Excel

[Photoguy21]

19 hours ago, ChaiyaTH said:

Again, you do not even know what you talk about at all, do you? It was an exchange, could happened with anything. It's like you talk about a taxi that crashed and then call people fools because they booked it after seeing the advertising for the grab app.

How many scammers have been registered on Wall street? Think about it and you will realise just how little you know. Engage brain before operating mouth seems in order here

[Burma Bill]

 "cryptocurrency" - sounds a scam to me so that certain people can get rich quickly! 

 

reference (wikipedia):

 

a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.

"decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"