On Friday, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Carlos Garza for not giving testimony in the investigation of GAW Miners operations.
Paybase users report that they are unable to withdraw their funds.
But who are the opponents who have brought the publication to its knees? The answer to that, as for so much in the recent crisis afflicting the industry, still remains a question as authorities appear slow to react to tip-offs.
Paybase has launched the Paycoin Honor Program, a repurchase agreement to match the US$20 floor that their Paycoin currency was expected to hold.