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[CRITICAL] Bountysource is Insolvent, do not use! #1586

@ghost

Description

Main Action

Bounty-Issuers

Activate your Paypal Buyer Protection (if payed within last 180 days), see #1586 (comment)

  • you get your money back
  • paypal will possibly suspend bountysource, thus new bounties cannot be filed.

Bounty-Workers

Criminal Liability

Summary.

one can safely assume that bountysource/Blockchain Group embezzles the escrowed bounty funds (e.g. using the money somewhere else, like investing/loosing-it in crypto etc.).

Action is necessary in order to avoid loss of funds.

Your Possible Actions

  • stop posting new bounties
  • ask for a paypal-refund if it is still time (see [CRITICAL] Bountysource is Insolvent, do not use! #1586 (comment))
  • notify other people about this issue
  • contact the authorities (see below)
  • Act based on Criminal Liability (bountysource continued to receive payments despite stopping payouts since months)
  • make some 'drama' on public media

Important to realize

  • A cashout should take 1 minute after a bounty-issuer confirms the request.
  • Bountysource delays payments for months has stopped paying out cash-outs (since months)
  • Bountysource has stopped replying to support requests (since months)

This is an abuse of the escrow, essentially an embezzlement.

There are thousands of $ in open bounties (e.g. from IBM), this is really becoming strange here.

Bountysource People

CEO

People

https://github.com/orgs/bountysource/people

@rappo
@Cervator

On the main videos on website:

@FrancescoBorzi

Company

Bountysource Inc.
548 Market Street #40189, San Francisco, CA 94104-5401

Parent Company

Regulators

dfpi, USA

Possibly:

https://dfpi.ca.gov/

Possible Complaint

French Financial Authorities

(received via email)

I suggest that you contact the French Financial
Authorities through their official "whistle blowing" portal:

https://www.amf-france.org/en/forms-and-declarations/whistleblowing
https://www.amf-france.org/fr/formulaires-et-declarations/lanceur-dalerte-0

and report that The Blockchain Group cannot pay their financial obligations.

That's the regulatory body for The Blockchain Group.

Unpaid

Further Issues

Special Case:

@FrancescoBorzi is complaining about Bountysource here:

Today, he has a role within bountysource (see videos) :

https://bountysource.com/

But bountysource still abuses/embezzles the escrowed funds.

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