CoinTerra to Users: “We Cannot Issue Any Payments”

By January 8, 2015Bitcoin Politics

Bitcoin mining firm CoinTerra has put many of its customers on edge.  While the company website is remaining operational, many users are receiving emails that the firm is unable to issue any payments following a default on its “secured notes,” an alleged form of debt.

A Reddit user posted a copy of the email online:

“The company has defaulted on its secured notes.  The note holders have senior, secured and, we believe, perfected liens on all […]

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