30 Jul '15, 11am

Bitcoin Exchange Igot Challenges Scam Allegations

Bitcoin Exchange Igot Challenges Scam Allegations

The founder of Australia-based bitcoin exchange igot has refuted claims his business is a scam. Igot recently came under fire, with many of its users complaining about delays to their withdrawals, branding the company “untrustworthy” and claiming they'd been robbed . Rick Day, igot's founder told CoinDesk the delays particularly affected fiat withdrawals, attributing them to a number of factors. “They [the issues] are as not as big as they appear from the outside … one of the biggest issues that we have with delays is banking relationships.” Strained banking relations Day said the exchange had received a few incoming fraudulent transactions into one of its bank accounts in Australia. “The person sending the funds basically used stolen bank accounts to fund igot wallets and withdraw bitcoin and [then] disappeared," he explained. This particular igot user, Day added, had a v...

Full article: http://www.coindesk.com/bitcoin-exchange-igot-challenges-...

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