I just got sent information about this within the last 30 minutes. If it is true and bitclub has proven to be dishonest, then this is shocking news indeed.

I need to watch and wait for developments but one thing is clear, if you are a bitclub member and you still have any bitcoin inside your account that you can withdraw, it would be prudent to do so. 

I am hoping that everyone that went into Bitclub between 2015 and 2016 when I was talking about them got all their money back at least. If you are in and haven't had your money back and can't withdraw it I think that assuming the worst is probably a good idea.

If this is proven to be an out and out scam it was a bloody clever one with blockchain data supporting their mining activities for all those years.

Sometimes, of course, these things blow up and are not based on real facts. Interestingly, one of the guys mentioned in the article, Joseph Frank Abel disassociated himself from Bitclub around 18 months ago and I believe started to heavily promote an outfit called Dumanis Legends.

The talk at bitclub at the time through channels that were still active were that he had been kicked out. He, of course, claimed that he left. Who knows the real truth.

That was the last I heard about him. Perhaps this is a case of some rogue players that were involved with bitclub trying to reduce their exposure by implicating others. Who can say. We can only hope that it isn't everything it is being made out to be.

I will send on any further news I get as I get it.

I will not be available much over the run up to Christmas as I am away for most of it but I will be watching developments, rest assured.

John