As I mentioned earlier this week, with all of the drama and confusion surrounding the Moolah/MintPal situation, SysCoin could be the largest victim of this debacle. With roughly 1,000 BTC of pre-sale funds still in the hands of Moolah, what will happen next?
The SysCoin team approached this issue carefully, and tried to sort things out with Moolah directly. Despite giving the a 24-hour deadline in order to release the funds, Moolah failed to meet this deadline, and therefore legal action has been taken by SysCoin.
Legal letters have been served to all involved parties, as well as Moopay LTD itself by the SysCoin legal counsel. The information in the documents themselves could not be made public yet, as UK laws prohibit information disclosure for 72 hours after submitting the legal documentation.
Despite these legal actions being taken, and the fact it could take a while until matters are resolved, the SysCoin development remains unaffected. Feedback on the 0.1.5 RC3 client is still being collected as we speak, and a new DNS seed has been set up successfully.
A new IRC tipbot for IRC is currently 90% completed, and is expected to be available in a few days. An updated development roadmap is expected to be released in the next 24-48 hours, so we wil keep an eye out for that.
Official announcements :