alert The fund can't be withdrawal from Epik.com via Masterbucks wallet

[enamebroker]

It happened on 23rd Aug 2022 and this matter lasted almost one month without any process. Masterbucks.com declined my fund withdrawal and disabled the button of fund withdrawal. And I contacted Epik.com and got no further action even if Rob Monster got involved in it for two weeks. All the time I was told in email by management review.

What is wrong with Epik.com? Do you think it is normal to disable fund withdrawal? How can I get back my fund from Epik.com? Thanks for your suggestion.

 

[Igor Gabrielan]

There seem to have been reports that some domains have been stolen. If there were .com among them, how can this be fixed at all?

 

[Igor Gabrielan]

From: "Igor Gabrielan" <[email protected]>
To: "Epik Registrar" <[email protected]>
Sent: Saturday, June 10, 2023 3:44:01 AM
Subject: Give me back my money!

Give me back my escrow $55,433!

---------------------------------------------------------------------------------------------------------------

June 16

Hello,

I am so sorry for the delay!

We were in the middle of the company being acquired so there has been a delay in returning messages!

I would love to take a look at your account and get this all sorted for you!!

Would you please reply back to this email with the PIN # for your account so I can get started??

We look forward to getting this resolved for you!

Thank you so much for your patience and understanding!

Kaylee Chand
Epik LLC
30 N Gould St, Ste E
Sheridan WY 82801
(737) 301-5923
[email protected]
www.epik.com

-------------------------------------------------

June 19

Just sent mine Account Pin

 

[Derek Peterson]

so much info here most dont follow all said.. so can u plz just recap if I got this right... was the sale of old epik basically or mostly to leave behind mastrbucks and all its debts?

There are currently 3 main categories of victims, "In-store Credits" and "Masterbucks" and "Creditors".

In-store credits come from, mostly, over the last 60-90 days of Epik taking payments for domain purchases and renewals, keeping the money and not renewing/purchasing the domain. In the asset purchase agreement there is a $600K set aside for all those to be repaid with domain purchases/renewals, which in my case just won't do. I'll be needing my USDC back or perhaps I might accept USD but don't want their store credit.

The "in-store" credit victims will probably be covered by the new owners, although, I'm sure that number is much higher, 2 or 3X than the estimated $600K but I can see them being afraid of customer heat and covering all of those debts themselves because they now own Epik and terrahost. They acquired the company, debts and all, which was dumb and there is no way to get around that because they acknowledged the debts and claimed responsibility for it. If they estimated wrong or believed Monster that's on them. They own it all now and should without question pay all in-store credits.

Masterbucks people are mostly those that sold domains through Epik escrow and had their money converted in Masterbucks against their will with no way to withdraw. Some Masterbucks also came from Monster paying contractors or gifts or simple money laundering but it is all owed by Monster. In the asset purchase agreement there is a $380K set aside for these people or really anyone else that might sue Rob Monster for what he owes them. In his leaked emails he referred to it as a "leaky bucket", which doesn't sound like he is very concerned with these victims (aka leaks) he STOLE from. That $380K is in an escrow account and both Monster and new owners have to approve to release funds, which are send directly to victim. That is the bucket Kathleen's payment came from.

Getting the Masterbucks people paid back is going to be a little harder. Monster still owns Masterbucks and all of its debt, which is surely more than $4M but is spread out between many people, mostly international and mostly less than $100K. Very few if any of these people could ever afford to hire an attorney to sue Monster and Masterbucks and even if they did and won it would be very hard to get actual money out of him, which is why we have only seen one lawsuit thus far. Lawsuits are only really doable it It is really large amount and the creditor has the resources to engage. What this owner did in purchase of epik and terrahost is really not cool. They knew perfectly well at the time of sale that there were millions owed to victims and their only hope of collecting were those assets they bought and I am going to make sure no one ever forgets that until they make it right. It really is akin to receiving stolen property so I am hoping that they will be pressured or legally forced to repay the Masterbucks victims as well and then in order to save their own necks sue Monster and force collection from his hidden crypto.

Creditors will be hardest to get repaid at this point because they have signed settlement agreements but it might come as result of other actions. When Monster is deposed in that new owner lawsuit or a bankruptcy court he will be forced to talk about hidden crypto assets and then when it is discovered that he was lying about company financial status those settlement agreements can be ripped up and he could be forced to spend that $10M in crypto he has hidden to repay JJE and TVT for the money they had stolen from them and then the rest can go to pay back the new owners for all the money they shelled out for Masterbucks victims and In-store credit overages.

And then Monster can start his 20 year prison sentence and live happily ever after. That is how I hope the story ends. That is how it should end.

 

[bmugford]

There are currently 2 main categories of victims, "In-store Credits" and "Masterbucks".

Yeah, then you start digging deeper and you have things like "forever" domains.

What happens to all the money that has been collected for those?
Does "new" Epik plan to honor those liabilities?

Then you have people who have lost domains via Epik's inability to process renewals, and even some reports of domains just being transferred from an owner like Patterns.com, among others.

That doesn't even include the non-domain related things like Amplify.

There are many victims of Epik's mismanagement.

Brad

 

[bmugford]

From: "Igor Gabrielan" <[email protected]>
To: "Epik Registrar" <[email protected]>
Sent: Saturday, June 10, 2023 3:44:01 AM
Subject: Give me back my money!

Give me back my escrow $55,433!

---------------------------------------------------------------------------------------------------------------

June 16

Hello,

I am so sorry for the delay!

We were in the middle of the company being acquired so there has been a delay in returning messages!

I would love to take a look at your account and get this all sorted for you!!

Would you please reply back to this email with the PIN # for your account so I can get started??

We look forward to getting this resolved for you!

Thank you so much for your patience and understanding!

Kaylee Chand
Epik LLC
30 N Gould St, Ste E
Sheridan WY 82801
(737) 301-5923
[email protected]
www.epik.com

-------------------------------------------------

June 19

Just sent mine Account Pin

Good luck.

I assume this support person "Kaylee Chand" probably has no clue about what is going on. Either that, or they are just stringing people along. That was a favorite method of Brian Royce.

"New" Epik will probably play along for now, then if/when ICANN approves the assignment they will be back to playing dumb again.

"New" Epik has already made it crystal clear that they believe they have no obligation to honor these liabilities.

Masterbucks and other liabilities to customers were excluded, by design.

Brad

 

[Derek Peterson]

Yeah, then you start digging deeper and you have things like "forever" domains.

What happens to all the money that has been collected for those?
Does "new" Epik plan to honor those liabilities?

Then you have people who have lost domains via Epik's inability to process renewals, and even some reports of domains just being transferred from an owner like Patterns.com among others.

That doesn't even include the non-domain related things like Amplify.

There are many other victims of Epik's mismanagement.

Brad

I spoke with ex employee about forever domains and it really isn't as much a I thought. Very small amount in grand scheme of things. They didn't know exact amount but thought it was less than 1k forever domains.

Yes, the lost domains is definitely real issue yet to be addressed. My premium domain I purchased epikcrimes dot com was sold to someone at another registrar like a month after I paid for it.

And, yes, you are right there are ton of other victims through Monster's other schemes, probably many we will never know about. I have seen several people complaining about losing money in amplify and substratum but I think those were before Monster bought them. Monster just stuck them on shelf and never did anything with them. Either props to entry into vertical to catch next round suckers or money laundering scam only or both. The scumbag that owned those did a rug pull and burned a bunch of people and made a couple million from Monster with JJE money for those crap projects, which was probably laundered back to monster in kickback crypto scheme.

The immediate goal should be to brand new epik as responsible for masterbucks and let them fight Monster and if new epik really is just Monster, then all the better.

 

[Mister Funsky]

There are currently 3 main categories of victims, "In-store Credits" and "Masterbucks" and "Creditors".

One of the most basic things in all of this is how will epik handle in-store and/or Mbucks balances.

If they send the money to the account holder; and/or allow those funds to be used on renewals or name registrations, there is a percentage of users that will use the funds on the website...regardless of its name at the moment.

However, if they do not make things right with those that keep their system running (domain investors) they will die on the vine.

 

[GNP]

Don't forget the victims that bought or sold domain(s) on an installment plan (or similar financial agreement).
Is the other party still getting the money or is the money reaching the "middleman" and stopping???

 

[bmugford]

Don't forget the victims that bought or sold domain(s) on an installment plan (or similar financial agreement).
Is the other party still getting the money or is the money reaching the "middleman" and stopping???

Yeah, that is another major issue.

Does "new" Epik even have these records?

If so, where is the money going?

Is it going to worthless Masterbucks?

Is some version of Epik just keeping it?

Brad

 

[Derek Peterson]

Don't forget the victims that bought or sold domain(s) on an installment plan (or similar financial agreement).
Is the other party still getting the money or is the money reaching the "middleman" and stopping???

Yes, that number is pretty big, over $20k/month currently but from what I heard Monster is keeping that real money and adding it to their masterbucks balance. So all those mortgage payments are getting converted into masterbucks, the scams never end.

 

[Derek Peterson]

Yeah, that is another major issue.

Does "new" Epik even have these records?

If so, where is the money going?

Is it still going to worthless Masterbucks?

Is some version of Epik just keeping it?

Brad

The domains are held at Epik under Monster's account. he is keeping real money and giving them masterbucks.

 

[Lox]

IMO
The aim is not only to distance E3 from E2-E1, but also to rename E3 to X1 in the near future.

E3 ... are u contemplating a rebrand in the near future and repositioning yourself? .... Merger, Acquirer on horizon?

(It doesn't take a lot of time for bots to find ..... from ....)

 

[Samer]

IMO
The aim is not only to distance E3 from E2-E1, but also to rename E3 to X1 in the near future.

E3 ... are u contemplating a rebrand in the near future and repositioning yourself? .... Merger, Acquirer on horizon?

(It does take a lot of time for bots to find ..... from ....)

Watch it be something complicated like reverse-merger. Nothing surprises me anymore:
https://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp
https://www.investopedia.com/terms/r/reversetakeover.asp

 

[Lox]

Watch it be something complicated like reverse-merger.
Nothing surprises me, anymore.
https://www.investopedia.com/articles/stocks/09/introduction-reverse-mergers.asp

I love the way you think, though, @Lox. Love mergers Edit: I think i meant this: Is there difference:
https://www.investopedia.com/terms/r/reversetakeover.asp

"I think" .... many will be left short or hypnotized by ...prattle... so they don't remember what happened.

IMO

 

[Samer]

"I think" .... many will be left short or hypnotized by ...prattle... so they don't remember what happened.

IMO

They will have a direct public offering (DPO) LOL. I wonder if Epik 3.0 is acquired or goes public? —You raised interesting point; “What’s end game?” I foresee some complex deal bigger than epik buying epik IMO.

 

[Lox]

They will have a direct public offering (DPO) LOL. I wonder if Epik 3.0 is acquired or goes public? —You raised interesting point; “What’s end game?” I foresee some complex transaction, bigger than epik buying epik.

I activated bots bc I just want to find out if the sale of donated domains for the "charity" landed in Nigerian (eRise) pockets or disappeared .... puff .

 

[Nick]

Is the registrar required by ICANN to keep domain transaction records (new,renewal, transfers, sales, etc) available to customers???

Records are a vital part of a business.

You can't just snap your fingers and start over from scratch.

These records are important in many situations like with accounting, ownership, WHOIS, etc.

I am not sure how a registrar could even operate without proper records.

Without proper record keeping, customers are at extreme risk.

Brad

As previously mentioned, "Registrars are required by their Registrar Accreditation Agreements (Section 3.6 of the 2009 RAA and 2013 RAA) to escrow certain registration data with an ICANN-approved Registrar Data Escrow Agent..."

3.6 Data Escrow. During the Term of this Agreement, on a schedule, under the terms, and in the format specified by ICANN, Registrar shall submit an electronic copy of the data described in Subsections 3.4.1.2 through 3.4.1.5 to ICANN or, at Registrar's election and at its expense, to a reputable escrow agent mutually approved by Registrar and ICANN, such approval also not to be unreasonably withheld by either party. The data shall be held under an agreement among Registrar, ICANN, and the escrow agent (if any) providing that (1) the data shall be received and held in escrow, with no use other than verification that the deposited data is complete, consistent, and in proper format, until released to ICANN; (2) the data shall be released from escrow upon expiration without renewal or termination of this Agreement; and (3) ICANN's rights under the escrow agreement shall be assigned with any assignment of this Agreement. The escrow shall provide that in the event the escrow is released under this Subsection, ICANN (or its assignee) shall have a non-exclusive, irrevocable, royalty-free license to exercise (only for transitional purposes) or have exercised all rights necessary to provide Registrar Services.

--> Registrar Data Escrow Agreement

--> Registrar Data Escrow Specifications

Registrars with 100K+ transactions per quarter must deposit daily, everyone else weekly.

Terra incognita. First, there is no indication that the above data should be available to registrants, only to ICANN by request, so the recent change @ epik accounts may mean nothing. Hopefully, the registrar, which is still Epik Inc as per ICANN records, still has all the data. Second, it is unclear what should happen with the above data in case of accreditation transfer [something not yet approved by ICANN], especially if a new agreement will be signed between ICANN and Epik LLC. Epik LLC may be of opinion that they have no obligation or ability to maintain historical records of another entity (Epik Holdings).

There are a handful of ICANN designated/approved data escrow service providers. At the last registrar I managed, we used Iron Mountain.

TPP escrow agents shall retain and archive two copies of all depositedescrow data for at least one year from the date of deposit. The archiveddata may be stored on its original medium (in addition to one copy) ortwo copies may be retained in another reliable form (e.g., copied to aredundant array of independent hard drives or a CD/DVD ROM)provided that checksum validation is successfully performed followingany copying or transfer of data and the files are not otherwise modifiedfrom the form in which they were deposited by the registrar. To theextent data is copied to hard drives, the TPP shall not store any twosequential, "full" deposits by the same registrar on the same drive orarray of drives.

 

[GNP]

Registrars with 100K+ transactions per quarter must deposit daily, everyone else weekly.

There are a handful of ICANN designated/approved data escrow service providers. At the last registrar I managed, we used Iron Mountain.

Thank you so much for the detailed info.

 

[Igor Gabrielan]

Hello!

Thanks very much for providing the pin!
I did take a look and can confirm that those funds for escrow took place through the Masterbucks system and do appear to have been listed as completed.
When Epik LLC bought Epik.com the Masterbucks asset was not part of the purchase agreement which means that we would need to direct you over to them to get this resolved.
Any legal inquiries, support, or payment issues for Masterbucks you would just need to email [email protected] and they will be able to help you out.

Thanks!

Kevin Sparks
30 N Gould St, Ste E
Sheridan WY 82801
(737) 301-5923
[email protected]
www.epik.com

 

[Derek Peterson]

Hello!

Thanks very much for providing the pin!
I did take a look and can confirm that those funds for escrow took place through the Masterbucks system and do appear to have been listed as completed.
When Epik LLC bought Epik.com the Masterbucks asset was not part of the purchase agreement which means that we would need to direct you over to them to get this resolved.
Any legal inquiries, support, or payment issues for Masterbucks you would just need to email [email protected] and they will be able to help you out.

Thanks!

Kevin Sparks
30 N Gould St, Ste E
Sheridan WY 82801
(737) 301-5923
[email protected]
www.epik.com

Yep. But...