OpenLedger disabled STEEM/SBD withdrawal

in scam •  21 days ago  (edited)

UPDATE(2019-10-11): I got back my STEEM. Thanks to @oflyhigh and all people who helped.

OpenLedger disabled STEEM/SBD withdrawal without even an announcement on steemit.com. It seems they've emptied their wallet.

OpenLedger announced on 6th August on their website that Steem will be delisted and the deadline for customers to withdraw was 19th August. I didn't find a post on Steemit.com .

Background: @kingscrown told me that he's unable to trade nor withdraw his OPEN.STEEM . I asked @oflyhigh to help me withdraw my OPEN.STEEM tokens to the Steem blockchain, didn't succeed. I contacted Ronny and got an answer that he will perhaps connect me with his "dex product owner".

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thanks for mention, i did a longer post on this case on my profile

Thanks for mention, i
Did a longer post on this
Case on my profile

                 - kingscrown


I'm a bot. I detect haiku.

Lol, that is funny.

First golos got destroyed for not staying in line, and now bts is going down.
Poetic.

xD

do you have some sources for me? :)

https://pixabay.com/photos/girl-woman-young-playful-female-918417/

ID Deception/Fraud in one of their companies team profile page

Lol, rogue,...sorry if you had trust in these folks,...

  ·  19 days ago (edited)

It is ID Deception/Fraud not ID Theft.

They have not stolen anyone's identity (Identity Theft) but pretended to look as someone they are not with fake photo from photo stock site + considering using fake photo, Miriam Richmond description is likely fake too (which would mean Identity Deception or Identity Fraud).

Edited for correctness.

Hmm, I meant to update the previous post but don't know why it ended up with a new one.

  ·  21 days ago (edited)

!thumbup
Lucky that I didn’t have any steems on this exchange.

Hello @abit! You are amazing!


command: !thumbup is powered by witness @justyy and his contributions are: https://steemyy.com
More commands are coming!

Hello @abit! You are fabulous!


command: !thumbup is powered by witness @justyy and his contributions are: https://steemyy.com
More commands are coming!

A Blatant scam. Is there any reason why they couldn't automatically send the funds back to the account they were sent to them from originally?

These guys seem to have balls of steel, thinking they can steal so much from a decentralised source where their victims could appear physically anywhere at any time!

This has been the case for months. Here's a screenshot of a support ticket I opened with OpenLedger several months ago:
Screenshot_2019-09-30 [#15418] open steem withdraw OpenLedger DEX.png
As you can see, their response was basically to say they are "sorry for the inconvenience" but offer no solution.

My case was different. The same thing is, no solution was offered in my ticket either.

This is very bad 😑

Posted using Partiko Android

It is indeed a scam.

almost never use openledger myself but really wonder what happened

that is foul

is this just for Steem or are you having problems with anything else?

wtf? lol

It's not funny bro😌😌😌🙄

Posted using Partiko Android

Didn't mean lol as it being funny, just so ridiculous what is happening.

Hmmmn 😑😑

Posted using Partiko Android

Luulin, että nauroit niille, jotka menettivät STEEMin. Joka tapauksessa, on upea viikko ✌

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Damn, that's bad thought I still see some BTS there.

This post has been included in the latest edition of The Steem News - a compilation of the key news stories on the Steem blockchain.

this is not how this space works
for me it's the end of Open Ledger - I will warn everyone about them.

Hi @abit I dropped this same comment on @kingscrown and @futuremind post about this.

My experience with OL has been horrible too. They really are scammers! In Aug they also issued a two week notice for not supporting AGRS Tokens. The notice period was so short and they didn't even bother to really get the message out there. I got the same exact message too when I sent in a support ticket. They cut and paste for everyone.

So everyone started sending support tickets in and the TauChain Agoras people also keep going back to them to ask for withdrawal for token holders. Finally they responded that they cod assist to manually withdraw but first you got to send your tokens to them and then they will process it and send it to you... Minus a 10% fee on your total number of tokens! They really are the scum of the earth. People should really make it known not to use OL!

EVERYONE JUST SEND IN A SUPPORT TIX YOU MIGHT JUST GET THIS OPTION THAT THEY OFFERED AGRS HOLDERS.

Posted using Partiko Android

  ·  17 days ago Reveal Comment
  ·  21 days ago (edited)Reveal Comment
  ·  21 days ago (edited)

OpenLedger announced on 6th August on their website that Steem will be delisted and the deadline for customers to withdraw was 19th August. I didn't find a post on Steemit.com .

I contacted Ronny and got an answer that he will perhaps connect me with his "dex product owner".

I literally couldn't find this announcement after spending a bit of time googling openledger delisting steem sbd etc.

If almost no one on Steem caught it it's definitely not public enough.

Is this their account https://steemit.com/@mtopenledger ? You'd think seeing as they were active just 2 months ago to shill (roughly when they decided to delist us), they'd also make a delisting announcement on here as well.

MT Openledger?

Sounds almost too ironically close to Mt. Gox.

They should have contacted all individuals who hold such assets via e-mails, as well. This is basic communication.
If they have not done so, it was a premeditated move.

Depends how much you all guys lost, it seems like class action lawsuit may be a solution. And depending where the company is based...

Looks like it's going to cost me around $130 USD in SBD and Steem, from OPEN.SBD and OPEN.STEEM. I can see why you refer to it as a scam, somewhat justified, IMO.

Happened to me on another asset as well

Very short notice and then nobody could make any withdrawals at all. After the project talked to the OL guys they agreed to extend the window a few days but everyone had to pay a 10% fee for withdrawals because they had to be done 'manually'

From my understanding a good chunk of the coins belonging to less active holders are still in their hands, and may likely remain so

Is this their official account https://steemit.com/@mtopenledger? Considering they were active until 2 months ago you'd think since they made decision to delist Steem on the 6th of August, they'd give us notice on here as well

They did this to the Scorum Community in August as well.

On August 6th they post on their feed that they have enabled OPEN.SCR for trading (removing it from maintenance mode) and then later the very same day they post again, this time without SCR/Scorum in the title, that they are delisting tokens and in that list was Scorum.

OLscam.png

Capture.PNG

WTF!!! 😨😨😨

That's a fantastic way to scam people.

Posted using Partiko Android

I just withdrew 230 OPEN.USDT, I advise you to do the same for any other open assets you might hold...

I hope that you didn't lose too much of your funds there...

  ·  21 days ago (edited)Reveal Comment

What account do they use for their Steem?

@openledger-dex

The wallet is empty. All Steem is transfered to Binance and all SBD to Bittrex.

Thanks for info!

I just flagged your comment to position relevant evidence at the top, sorry about that.

Absolutely no reason to do that, but whatever.

flag removed

Ive read that they ran off with almost a million Steem and 200k SBD....
Is this a legal action from their side? If it is, any exchange could do it like that and keep the money.
Can someone inquire with them directly as to what they intend to do with the money? Can they be sued?

Perhaps someone should raise this up there on telegram to know his opinion on the matter.

Posted using Partiko Android

It looks like he just delists very rapidly and only announces on his own site, even though the assets can be traded generally on other sites, so if you trade on another site, you've just lost your money. As I mention above, looks like I lost $130 USD this way. Could have been a lot more, but I learned my lesson from the last open asset delisting. Looks like those were almost the last open assets I have. Well, I have some OPEN.USDT, I guess I should find out if that's worth anything anymore either...

Please do find out.

$130 is still something. Losing such amount hurts.

14 days is too short to announce a delisting activity. Some people might not even come online for days. Unless he had a foul intention Cus that's what it looks like to me😐. Why didn't we see such post trend here on steemit so as to notify many steemians on here who, obviously are at the receiving end if things goes sideways🤔...

Sorry for the loss @blocktrades. STEEMon✌

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IMHO, even if they have a right to decide about delisting, even if they are not obliged to send you a notice via post/sms/phone and can choose to post on their site, even if they maybe are entitled to liquify all the delisted assets, then still after this action the liquified amount should be considered yours and should be handed out to you - in whatever form they converted it to. Of course, IANAL.

About 5000+ accounts still have around 300,000 STEEM frozen in OPEN.STEEM asset. I believe it is an issue. At least for users.

https://bts.ai/asset/OPEN.STEEM

I hope that this incident could finally be a good an expensive lesson to think twice about using this gateway.

  ·  21 days ago Reveal Comment

Openledger has history of ridding people of their coins subtely.

During the EOS mainchain launch, OL said it was okay to keep our EOS with them if we weren't sure of how to create the EOS genesis wallet on our own. I decided to leave my EOS on openledger.

After the EOS mainchain went live, some tokens (A lot of tokens) were distributed as incentives to EOS token holders, and OL kept it all to themself. At the time, a lot of users complained because they didn't include this when they announced it was okay to leave our EOS with them, just like they've now decided to delist and disable Steem and sbd within such a short time frame without letting the entire Steem community know. Won't be surprised to find that they'd transfer and sell them on the open market someday.

PS: I had some EOS on Binance too because they supported the mainnet swap, and they shared the dividends with users who held EOS.
OL is shitty, and scammy. I wouldn't advise anyone to trust that rogue company. Whatever it is.