Are all funds under the control of the reciever or is it split between reciever for the opt-outa and Qenta in control of the opt-ins funds?
Euro Pacific bank is a scam
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Any chance that Qenta will end up screwing opt-in customers and won't return the funds, or maybe they will hold on to the funds for a longtime before returning them?
Opt-in customers were told that they could transfer their funds as soon as they are available, but it's hard to trust a Fintech company.
The are a payment service provider with a licence in Austria. They also have a vault on a company in Switzerland which has been liquidated already.
https://qenta.com/vault-terms/
http://app2.ge.ch/ecohrcinternet/extract?lang=FR&companyOfsUid=CHE-406.674.883
Qenta is a publicly traded company. It listed on Nasdaq following a merger with the special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition Corp. The merger was announced on November 10, 2022, and the combined company continues to operate as Qenta.
But they operate as a Fintech company, so anything can happen.
It would be criminal if they got involved in the liquidation of EPB just to keep customer's funds.
It's licensed in Ghana actually
but they also have sponsor banks in the US and EMIs in the EU
Qenta is regulated in multiple jurisdictions to ensure compliance and security. The company holds financial authorizations in Bermuda, Brazil, Dubai, Ghana, Luxembourg, Puerto Rico, Switzerland, and the United States. Additionally, Qenta operates as a money services business in 33 U.S. states and is regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico as an International Financial Entity
Yes, as an asset manager.
Doesn't seem to be.
Only for trade of precious metals, would not call that financial authorization.
Mentioned
No.
Only in the loosest of terms
Company got liquidated.
Theoretically; they have no state licenses but they applied for exemptions somewhere
EPB cannot operate and they don't have their own IFE.
Yes, it's hard to trust a Fintech company that operates mainly in the Blockchain.
Time will tell...
very SHADY!! with Qenta who now has opt-ins money!!
Blockchain Coinvestors Acquisition in an 8-K said it has terminated a merger agreement with crypto fintech Qenta, announced in November last year at an enterprise value of approximately $622 million. A forward purchase agreement connected to the deal was also cancelled.
The SPAC said the decision was based “primarily based on Qenta's failure to (i) deliver the Closing Company Financial Statements (as defined in the merger agreement) by the applicable deadline and (ii) comply with the Financial Information Obligations.”
https://news.spacconference.com/202...nvestors-acquisition-i-terminates-qenta-deal/
It was my idea. If people didn't have another bank account to transfer their funds, they could opt to have the funds more to Qenta. OCIF wanted to just confiscate any funds that did not transfer out. So I thought Qenta was a much better option.
What's your honest opinion? Do you think we will get our funds back soon and all of our funds or just a part ? Just your honest opinion please.
Thank you
I think everyone will get their funds back, though the recovery may not be 100%. I guess it all depends on how much longer it takes. I hoped my lawsuit would force the Receiver to speed things up, as if customer funds have not been returned by the trial date it will look very bad for him.
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