Funbug scammed 180 FIMKers out of 1.2M FIMK
1.2 Million only in total - I thought the amount would be higher for such a large number of participants.
FWIW I haven't seen funbug quitting anywhere. The FIMK have been locked in since July. In private he argued the funds were directed to HEAT participation in order to produce further profit for SRWP holders, and he couldn't expect the delays in the proceedings. That's very reasonable and I don't doubt it. Granted, very risky and explicitly in breach of HEAT terms, but bona fide in terms of SRWP holders profit. According to my long experience of this kind of players I believe the perception of rules and right to take risks on other people's money is a cultural issue. It's certainly challenging to try to understand and I don't claim to do so, nor am I on funbug's side in any way other than through the voice of reason. However it's beneficial to know about these aspects.
Thus, the situation has been frozen for quite a while and is awaiting for info and views for resolution. My mentioning of business doesn't mean business literally, as in commerce. It means business as in handling of things. We try to refrain from judging and see it constructive to mostly mind our own business, which I believe is considered a virtue on the part of a operator with power such as ours being the creator of FIMK. Refunding SRWP holders is quite many steps away from our business
- and that's just a note with face value, without implicating anything about which direction things are going after hopefully seeing a bit more discussion.