While the "China bank account closure" drama was unfolding, it seems that Neo & Bee collapsed in Cyprus, in a rather ugly way. The CEO left the country without telling staff, and is not answering questions from anyone. The staff did not receive their March salaries and therefore quit en masse. There are unpaid debts, and two customers complained to the police that they gave money to N&B to buy bitcoins but did not receive them. A financial report that was promised at the IPO is overdue, and investors who chipped in 12,000 BTC want to know where the money went. Its shares (that were not equity but only "profit shares") crashed to 1/10 of their IPO price.
The collapse is being reported by the local press. Presumably bitcoin is dead in Cyprus now...
https://bitcointalk.org/index.php?topic=529946.msg5891432#msg5891432
The collapse is being reported by the local press. Presumably bitcoin is dead in Cyprus now...
https://bitcointalk.org/index.php?topic=529946.msg5891432#msg5891432
No, it is not dead. Or is the dollar dead because of the HSBC mouney laundering fiasco, etc?