Investors in Dash Lose Funds Due to Dash Core Senior Advisor ‘MooCowMoo’ in Massive Scam
- 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.
Senior Advisor for Dash Core Group (@Dashpay), owner of a "Masternode Shares" service, disappears with the funds of several Dash Investors.
Dash Core Group tells users to figure it out themselves: "there is power in numbers".@CoinSpice @coindesk @fluffypony pic.twitter.com/uiuvt9AlJL
— DashUncensored (@DashUncensored) December 2, 2019
“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.