It claim bankrupt on Sep/1.
NOTICE OF DISCONTINUATION OF TRADING SERVICES
It is with extreme sorrow that we notify the closure of our fund due to a significant trading drawdown loss experienced late 31 August (early 1 Sep in Asia). We are absolutely devastated.
The Bitcoin (BTC Spot) trading strategy implemented caused a large and immediate downward shift of several thousand Points/Pips that our strategy could not recover from due to being designed for Spot FX trading on four digit (much lower volatility) instruments. Therefore not even triggering emergency stop losses used for Spot trading. As a small, aggressive offshore alternative investment project, we were able to avoid all significant DD for over three years, but inherent risk was always associated with this type of trading that cannot be denied. For this we are extremely devastated.
As of today, we will no longer be accepting any new clients and all current clients must submit withdrawal requests to facilitate the closure of their account(s).
If your account was being traded via a Social Trading Platform with one of our traders/partners directly, please utilize these platforms for further support queries. It should be noted that non-BTC accounts on these platforms would not have been affected.
To facilitate your withdrawal immediately, please download the respective brokerage form’s from your platform and submit it as instructed on the form. Be sure you have submitted your KYC - Passport/Utility Bill for broker verification.
Any pending deposits not yet credited will be available for immediate withdrawal as soon as the funds clear your account.
It was a privilege to serve you through very good trading years, and we are genuinely shocked by the turn of our BTC strategy’s trading algorithm. Please use the appropriate withdrawal form at your earliest convenience to expedite the closure process. We will try to keep this website live for the next 30 days. Please remember we are inundated with messages right now and doing our best to reply as fast as possible.
As of 1 September, 2017 - All trading has been discontinued immediately due to significant losses.
Please submit a withdrawal request immediately to firstname.lastname@example.org to expedite the closure of trading accounts. We sincerely apologise for the events taking place this week with our BC trading strategies risk management failure.