Hi. We had to make internal investigations about MajesticBank and we found a lot of funny things from a service insulting all ecosystem actors.

  • MajesticBank told to people in 2022 that he would release an “AtomicSwap gateway” which he never did.

  • MajesticBank has gone dark on dread without explications and some people on dread are saying they got scammed (source)

  • MajesticBank has selective scammed some of his customers during a downtime in 2023 (source)

  • MajesticBank is owing months salary from two of his team members (snitchy & notmtth), he also tried to fail salary paydays and making his team starving during weeks.

  • MajesticBank scammed people in his giveaway (liking a post without paying people). Source

  • MajesticBank is calling other service of “honeypots” when his whole service is using an illegal ddos protection service who’s probably wiretapped by FSB.

  • MajesticBank has stolen co-ownership of intercambio from snitchy (he gave it ownership to him and ordered OrangeFren to revert SSH accesses to steal back the service).

  • freedomtools@monero.town
    73·
    7 months ago

    There is something here for everyone to open their eyes to… Majestic bank has often been accused of exit scamming, of disappearing, yet they remain offering an acceptable and anonymous service, try and exchange $20 or $2,000 bucks or whatever and decide for yourself. Who is behind the smearing and dodgy information? I can think of a few exchanges and some other groups.

    Disgruntled employees exist. Even questionable decisions, but from this to accusing them of being wiretapped (how would you have that information, OP?). It is shameful for tabloid style news to be around when we do need players that push Monero like Majestic and other anon swaps. It seems like you can’t be prominent without having some rocks thrown at you.

    • Synnr
      1·
      7 months ago

      I dunno. They started out with different owners. It’s still fully manual (buy prepaid visa, get it in 24 hours, maybe.)

      They once advertised cards that would not be detected as prepaid. Surprise, company I bought it for wouldn’t accept a prepaid card, no refund just “sorry for luck maybe try another site?”

      Edit I had allark and majesticbank confused.

    • Nononynous@monero.townOP
      1·
      7 months ago

      how OP knows about ddosguard ??

      Because if you spam requests by inspecting element, you’re triggering ddosguard challenge.

      It means ddosguard passively collects requests like cloudflare does and the IP is also tied to ddosguard lease sets.

  • Scolding0513@sh.itjust.works
    4·
    7 months ago

    full stop. couple questions.

    what is this intercambio fiasco?

    also, internal? are you an employee there?

    anyway thanks for the info. will be avoiding MB

    • Nononynous@monero.townOP
      21·
      7 months ago

      I’m not an employee or a team member, I had to contact snitchy to get all other informations

      For intercambio, the service works but the “co-owner” got his governance/ownership stolen by MB.

      • Scolding0513@sh.itjust.works
        4·
        7 months ago

        can you explain the intercambio thing in detail? this still doesnt explain it. what does orange fren have to do with this? who exactly owned who/what and how exactly was it stolen? this makes no sense without context from someone who doesnt already know some info.

        Also intercambio sucks compared to trocador ngl

        • OrangeFren@monero.town
          4·
          7 months ago

          heyy :)

          I’ll try to keep this as brief as possible. MajesticBank approached our team about building Intercambio.app. We agreed. I was the one to build. It was delivered and approved by the customer. Even though we planned to pass Intercambio to MajesticBank in full, MB insisted we keep a share of the profits in exchange for conducting basic maintenance. This was a very generous offer so we agreed.

          At the same time MB was employing snitchy as their community manager. Snitchy had a lot of interesting ideas with respect to changes to be made to Intercambio. So MB gave him control of Intercambio, and all of their share of profits from Intercambio. This was quite generous. Crucially, MB stressed that they wish to still have access to the servers and the source code.

          This arrangement lasted for some time, but then for a number of reasons MB fired snitchy. As is standard in the IT world snitchy’s access to the Intercambio servers was severed.

          The main issue in this whole ordeal is as follows: did MB gift Intercambio to snitchy? or did MB make snitchy just the manager of Intercambio?

          Also intercambio sucks compared to trocador ngl

          Please tell me what you dislike about it :)

          • Scolding0513@sh.itjust.works
            1·
            7 months ago

            Thank you very very much for this explanation.

            Well, obviously you can compared Intercambio to your own service or to Trocador and see that there aren’t as many features. There’s no way to get a quote, or to choose your provider. it just instantly throws you into an exchange. but maybe that’s the point.

            Cheers to you for all you do, you’re a good Fren :)

            btw on your onion site you should put an onion link your new forum not clear net

            • OrangeFren@monero.town
              2·
              7 months ago

              Well, obviously you can compared Intercambio to your own service or to Trocador and see that there aren’t as many features. There’s no way to get a quote, or to choose your provider. it just instantly throws you into an exchange. but maybe that’s the point.

              Good points. I’ll see what we can do about improving this :)

              Cheers to you for all you do, you’re a good Fren :)

              Thanks! <3

              btw on your onion site you should put an onion link your new forum not clear net

              You’re right. I’ll make sure that change is made.

  • orwelwasright@monero.town
    31·
    7 months ago

    I didn’t ever used because what you said. Some people like to forget in order to have multiple options but that’s not good for the community.

    • Scolding0513@sh.itjust.works
      21·
      7 months ago

      agreed. if OP wants to compile all the info in a more detailed organized and formal manner, maybe we can present it to the community, especially something like Monerica, to make sure people are aware. if we want to keep our community alive we need to expose and push out the scumbags, like MB apparently.

  • monerobreasts@monero.town
    32·
    7 months ago

    We had to make internal investigations… Wow, sounds deep and detailed.
    Probably wiretapped by FSB… Your article is behind a paywall, which once getting around it, says nothing about your point. Selectively scammed (I’ve heard this before, just a smear campaign from competitors. They did have some downtime, for a WEEK, this is verydifferent from scamming, everyone got their funds back)

    This post has more spin than the covid vaccines mate. Who’s paying you?

  • nihilist@monero.town
    1·
    7 months ago

    lesson to remember: don’t pay developers up-front, place bounties, and pay them only once they finish their work

    • Nononynous@monero.townOP
      12·
      7 months ago

      The real lesson to remember is have a clean reputation before attacking Reto implicitly without any proof. Specially when the actor were known for shady behiavors and scammy reputation.