Investors in Dash Lose Funds Due to Dash Core Senior Advisor ‘MooCowMoo' in Massive Scam

The investors in the Dash Core Group community are lost, confused, and unhappy this week. After being told months ago that their deposits were going to be sent back, no one has heard a single word from the senior advisor who made these promises. Has this whole platform been a long-term exit scam? It doesn’t look like anyone has answers.

  • Dash users were told that their funds would be returned shortly in an email from the advisor in August.
  • At this point, the Dash Core Group team has not been helpful or forthcoming with information.

Investors in Dash were hit with a huge surprise last night. On December 1st, the Dash Uncensored account on Twitter exposed the platform, stating that the Senior Advisor with Dash Core Group had up and left with the funds of their customers. However, the advice from Dash Core Group is definitely going to make some consumers upset.

“There’s power in numbers,” the group stated, essentially implying that users will need to pursue an answer as to how this could happen. By all accounts, it appeared like this was an exit scam, leaving customers hung out to dry, and a member of the Dash forum named Erulian posted about his experience, questioning what’s new.

Erulian stated that the senior advisor – MooCowMoo – had sent out an email in August, stating that he was would be “shutting down shares and sending back all the deposits to their origination addresses within a week or two as time permits.” However, it’s been almost four months now since that email, and much of the community has been trying to reach the advisor since then.

The user asked the rest of the community who had lost money, though the post has only gotten a few responses so far. One of the responders – Scombo – stated that he had tried to reach out to other individuals in the network in an effort to find the identity of MooCowMoo, adding, “Also might be worth involving the Dash core group as this reflects really badly on Dash, particularly as he was a prominent member of the team.”

Despite clear confusion and frustration over their losses, the Dash Core Group isn’t doing anything to remedy the circumstances. In fact, upon reaching out to other individuals in positions of power at the company, the response was simple – “There is power in numbers.”

As it stands right now, everything seems to have all the components of an exit scam, and investors are left with no other places to turn. What happens next is anyone’s guess.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI’s Andre Cronje isn’t Going Anywhere; ‘This Space Won't Get Rid of Me'

Andre Cronje, the guy behind yEarn and the popular YFI, is not leaving the cryptocurrency space any time soon, at least, “until there is...

Crypto Mom, Hester Peirce, Secures Second Term as SEC Commissioner Through 2025

The US Securities and Exchange (SEC) Commissioner Hester Peirce, aka “Crypto Mom,” has been confirmed for a second term that will last till June...

yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today