All majesticbank scams & lies. (monero.town)

submitted 5 months ago* (last edited 5 months ago) by Nononynous@monero.town to c/monero@monero.town

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Hi. We had to make internal investigations about MajesticBank and we found a lot of funny things from a service insulting all ecosystem actors.

MajesticBank told to people in 2022 that he would release an "AtomicSwap gateway" which he never did.
MajesticBank has gone dark on dread without explications and some people on dread are saying they got scammed (source)
MajesticBank has selective scammed some of his customers during a downtime in 2023 (source)
MajesticBank is owing months salary from two of his team members (snitchy & notmtth), he also tried to fail salary paydays and making his team starving during weeks.
MajesticBank scammed people in his giveaway (liking a post without paying people). Source
MajesticBank is calling other service of "honeypots" when his whole service is using an illegal ddos protection service who's probably wiretapped by FSB.
MajesticBank has stolen co-ownership of intercambio from snitchy (he gave it ownership to him and ordered OrangeFren to revert SSH accesses to steal back the service).

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[-] Nononynous@monero.town 1 points 5 months ago* (last edited 5 months ago)

I'm not an employee or a team member, I had to contact snitchy to get all other informations

For intercambio, the service works but the "co-owner" got his governance/ownership stolen by MB.

[-] Scolding0513@sh.itjust.works 4 points 5 months ago

can you explain the intercambio thing in detail? this still doesnt explain it. what does orange fren have to do with this? who exactly owned who/what and how exactly was it stolen? this makes no sense without context from someone who doesnt already know some info.

Also intercambio sucks compared to trocador ngl

[-] OrangeFren@monero.town 4 points 5 months ago* (last edited 5 months ago)

heyy :)

I'll try to keep this as brief as possible. MajesticBank approached our team about building Intercambio.app. We agreed. I was the one to build. It was delivered and approved by the customer. Even though we planned to pass Intercambio to MajesticBank in full, MB insisted we keep a share of the profits in exchange for conducting basic maintenance. This was a very generous offer so we agreed.

At the same time MB was employing snitchy as their community manager. Snitchy had a lot of interesting ideas with respect to changes to be made to Intercambio. So MB gave him control of Intercambio, and all of their share of profits from Intercambio. This was quite generous. Crucially, MB stressed that they wish to still have access to the servers and the source code.

This arrangement lasted for some time, but then for a number of reasons MB fired snitchy. As is standard in the IT world snitchy's access to the Intercambio servers was severed.

The main issue in this whole ordeal is as follows: did MB gift Intercambio to snitchy? or did MB make snitchy just the manager of Intercambio?

Also intercambio sucks compared to trocador ngl

Please tell me what you dislike about it :)

[-] Scolding0513@sh.itjust.works 1 points 5 months ago* (last edited 5 months ago)

Thank you very very much for this explanation.

Well, obviously you can compared Intercambio to your own service or to Trocador and see that there aren't as many features. There's no way to get a quote, or to choose your provider. it just instantly throws you into an exchange. but maybe that's the point.

Cheers to you for all you do, you're a good Fren :)

btw on your onion site you should put an onion link your new forum not clear net

[-] OrangeFren@monero.town 2 points 5 months ago

Well, obviously you can compared Intercambio to your own service or to Trocador and see that there aren’t as many features. There’s no way to get a quote, or to choose your provider. it just instantly throws you into an exchange. but maybe that’s the point.

Good points. I'll see what we can do about improving this :)