No Trace of Einstein Exchange Funds, Exchange Closes for Good

Cryptovest

Published Nov 20, 2019 07:41AM ET

Updated Nov 20, 2019 09:01AM ET

No Trace of Einstein Exchange Funds, Exchange Closes for Good

The Einstein exchange did not provide any documents or evidence regarding its ownership of either crypto or fiat funds, and has closed effectively with what looks like an exit scam. Its CEO, Michael Gokturk, has disappeared from social media.

The exchange was put into a procedure of receivership, in which the British Columbia Securities Commission took over the shell company of Einstein Group. The interim appointed receiver, Grant Thornton, LTD., went over the company’s documents during the mandate from November 1 to November 18.

The investigation revealed that the exchange could have taken off as much as CAD $16 million. Gokturk’s claims clash with that number, suggesting CAD $8-10 million, most of it...