Breaking news rarely occurs during the holidays, but the 2014 Christmas period is going to be one major exception to that unwritten rule. We are receiving reports stating MooPay LTD, the company behind the MintPal exchange among other projects, may very well get financially liquidated in the near future. As a result, all assets will be distributed to creditors.
From what we can gather by looking at this pastebin log, the Syscoin legal team is currently in talks with a liquidator, after winning the winding up petition. For those of you unaware, liquidators are some of the most powerful people in the world of legal matters, especially in the United Kingdom. It is important to note a liquidator only gets paid if the party they represent gets paid, bringing some extra motivation to the table.
One of the main roles of a liquidator is the fact they can reach into any personal bank account and take out funds as they see fit in order to settle an ongoing dispute. Do keep in mind these things will not happen overnight,but the fact these talks are going on definitely means something is bound to happen in the Syscoin legal battle against Ryan Kennedy soon.
We will keep an eye out for further announcements as this story develops, and keep our readers informed accordingly.