In a Tweet earlier today, Moolah.io announced users will be able to withdraw a handful of coin balances from MintPal soon, as they are handing over a limited database snapshot to a 3rd party for review. The list of coins they decided upon is particularly interesting to, as the “bigger” altcoins are not being mentioned at all.
Even though a lot of people, including myself, have some form of funds stuck on the MintPal exchange, we all have to wait until we are able to withdraw these coins to our wallets. Things seem to be moving ahead slowly, as Moolah.io, who manage the MintPal exchange, have announced several coin balances which will be reviewed for withdrawal soon.
The coins in questions are FlutterCoin (FLT), KARMA, Minerals (MIN), Crypti (XCR), Monero (XMR), FairCoin (FAIR), SuperCoin (SUPER) and TeslaCoin (TES). With Monero being the biggest name on that list, you can see why I think this is an interesting list of coins.
Most of the altcoins are (very) low volume trading markets, so these are an obvious starting point, as there is less “paperwork” involved in figuring out who was holding how many of each. And both Moolah.io and MintPal have to start somewhere in order to return all owed funds to the respective users, I understand that much.
The question in my mind is , and you might disagree if you want, is whether or not this means we will see a resolution for the locked funds soon? Or is this just a one-time deal where they will release some insignificant funds, and leave the rest locked for who knows how long? I’m not trying to slag off Moolah.io or MintPal for their efforts, but I’m sure everyone can understand my skepticism towards these actions.
And, to be frank, who is this third party they will send the limited database snapshot to? nd how long will it take until people can actually withdraw these coin balances? Every time an announcement is made by Moolah.io , we end up with more questions than answers. But that is a good thing as well, as it shows people have not written off either company just yet.
We will keep an eye out for further announcements in regards to the situation, and keep our readers informed accordingly.