Representatives of the Grant Thornton audit company can not refund customers the full amount due to lack of funds. The British Columbia Securities Commission dismissed the company from the position of interim exchange manager, according to information on the regulator's website.
Most of Einstein's assets are BTC
Turning to the court, the exchange auditor noted that the accounts of the exchange contain $15,000 in digital assets and $30,000 in traditional currency. This amount is not enough to repay the debt to customers, since, according to the regulator, the exchange should have a minimum of $12 million.
Grant Thornton believes that the lack of funds is associated with fraudulent transactions in which they used credit cards and bank checks. Now the auditor is in contact with banks in the USA and Canada, where there may be funds from the exchange and directors, according to btc news.
Einstein exchange has been used by 200,000 people from around the world. Grant Thornton representatives, however, note that only 300 people sent complaints to the auditor:
"One man claims he is owed $535,000 in unpaid bitcoins, and another unidentified creditor claims to be owed “several million dollars.”
Einstein exchange stopped working in early November due to lack of profit. The official page of the exchange on the Facebook social network is filled with comments from users who cannot withdraw funds. None of the Einstein representatives responded to complaints.
Interesting in the section: Why altcoin exchanges stop working: dates, reasons, withdrawals
– are the common name for all cryptocurrencies (except Bitcoin).Details exchanges closed over the past year. Analysts believe that the platforms could not cope with the competition.