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Calin iHostART.Com took our $22.5K and scamming us!
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Lesson for today:
Go directly to the source, don't use re-re-re-resellers :-D
I don't think this is the case because enforcing it would be impossible. That's quite literally the job of authorities. Companies can provide what they have, they're not detectives.
For people having doubts how it works:
https://en.wikipedia.org/wiki/Know_your_customer
Don't assume things, read it.
If BTC is worthless for calin why does he accept it and encourage to use for "dmca proof" services? Imagine your-self in gossd shoes. Dumped 20k. And it's gone.
Citing a website where anyone can write anything is a great approach ofc
I haven't followed everything, but wasn't the path of money like this?
gossd (customer) -> cryptomus -> coinbase -> bank (calin)
So at best, the bank doesn't know about gossd, since their wallet isn't directly involved with the bank or exchange. Sure, authorities could find gossd involvement by contacting coinbase then coinbase pointing them to cryptomus, but that means it\s the responsibility of Coinbase to ask for the origin of the money (crypto), right?
Also, like others pointed out, what if Calin withdrew through coinbase an amount that totaled more than one transaction with customers, let's say 200 of them. Would've the bank asked for all 200 origin stories?
I can imagine receiving my salary then the bank asking me where my boss got the money to pay my salary. If I ask him that, I'll have lots of medical bills to pay after.
I'd love to see a bank statement where they ask for the explicit source of the crypto itself. I'm thinking Calin misunderstood the bank, and he only needed to show an invoice that he sold X services to Y customer and end of story.
But like others pointed, maybe Calin did a thing and withdrew the funds to a personal account instead of a company one? Idk, haven't followed all the pages.
I see that Calin answers selectively with lots of useless info, not in a logical and rational way. Like hey, this happened, caused this now we're here because of this.
Also the bank said they would refund to origin, that's the exchange not his customer?!... The bank can't see the origin (his customer).
DMCA and KYC/AML are very different things.
There is a simple way for gossd to resolve the issue: tell where the money came from.
Problem is that some resellers are greedy.
Not every. Just some.
You see it as a hosting Provider that owns His stuff every now and then , some resellers make bigger Profit then yourself.
I dont Work with everyone Who wants to resell for example. If they want to put all shit on my neck we end cooperation.
Of course i want good Business for both sides. But some are.... Ugh...
I for example even have resellers who have resellers. It works Out. We all have good cooperation.
Feel free to cite a better source.
It's a cool theory, but it doesn't exist in reality, millions of dollars go in and out of crypto every day, an attempt to find the source on every transaction will crash the system
The kid is 100% guilty for accepting order he can't fullfil it doesn't matter how you spin it
Calin fully understands what KYC (Know Your Customer) is in cryptocurrency transactions, and according to the story, he said KYC wasn't needed.
But now he’s leading everyone into a situation (which I don’t believe is real) and shifting all the blame onto Gossd.
Gossd even provided evidence of the money's source. But Calin responded: 'Uh, the source isn’t legitimate, you’re a criminal, your money is dirty, let them (the bank) keep it.'
Even if the story were true, the responsibility to refund still lies with him. He can't blame the customer or the bank. Conclusion: Calin is a cunning scammer.
Kid, probably, but that's not the discussion.
Gossd was just unlucky that the source of his money is being checked. And no, not all transactions will be checked.
No, no, no. As long as you insist on this false statement, we won't find common ground. The source of Calin's money is being checked.
For that matter, there may even be some crypto from other clients in wallet, but that’s completely irrelevant as it's GoSSDHosting.
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You receive salary in crypto?If no , you example it's bad
https://intreb.bancatransilvania.ro/pot-incasa-criptomonede-prin-bt/
Money need refunded to the bank statement what provide the customer , what it's so hard for understand? Our bank have very clary ToSs etc...
The bank had suspicions about those bank statements ,but at some point they wanted to give a refund , but even that last chance was ruined, @GoSSDHosting not being able to give us a correct name and now money it's blocked for verify , I'm call bank today and they say no any news ... it's already been 1 week since the bank hasn't left any news. I told them today if I wanted additional information, and they told me that all the information I have provided so far is enough (it's already been almost 2 months since this problem started)Most likely the bank is doing a background check
You are giving a proof in vain if it is a false proof, there are many questions that the bank asked me about those bank statements that even to this day have not received an answer from GOSSDHosting, what would you like me to declare to the bank? If he didn't answer some simple questions
So you accepted more than 40k EUR in crypto alone in the last few months and only had to pay 1400 EUR in tax for April, May and June?
He received crypto from his client and paid you with the same crypto. So what exactly is the 'correct name' for you?
You screwed him with your transaction to your bank and not other way around.
The source of Calin's money is checked, it's coming from goprove, who can't prove the source of the money. So, Calin's bank freezes the money, and if he is unlucky there will be a full scale investigation.
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Yes , next month the balance sheet will be made for this semester, where GOSSDHosting's money and the 40,000+ USD will be put, so the amount will definitely be tripled
According to my calculations (the official ones are still awaited), we are still in the 9th month, so the balance sheet will be made only from the 10th month , I expect to pay approximately 3,000-3,5000 euros on tax
The 1.400 euros taxes I'm paid for approx 35.000 euros (that it's all turnover) what I'm naked for April , may and june (on this tax join profit)
My company currently pays taxes only on profit, and if that is the case crypto
For example i'f my I'm make 10.000 USD/month , and I have some invoices(8k USD for example) attesting to my CAEN code (CAEN code it's identify code , on my case Tech company) I have to pay 16% on the remaining profit , what that mean , 16% to 2.000 USD
That mean 320 USD taxes for 2.000 USD
but again, it's much more complicated, there are taxes on dividends, taxes on medical insurance (which at the moment I don't have)
In vain I try to explain here how accounting works, because there are many other details that most people will not understand, because our country currently has a lot of accounting achievements
EDIT:
For example, at the beginning of the year, I paid thousands of euros in VAT, even though my company is not a VAT payer, because I exceeded the ceiling of 10,000 euros for imports from outside the European Union
https://en.wikipedia.org/wiki/EORI_number
https://www.google.ro/search?q=peste+10.000+euro+tva+eori&sca_esv=cca1506e5bb311d6&sca_upv=1&sxsrf=ADLYWIJ2RZe6GLPUGc0n09qa1QNqt42rbg:1725885306676&source=hp&ei=euveZsW5HZa8kPIPx-Wg2AQ&iflsig=AL9hbdgAAAAAZt75ivsz9Mh-TaNSBarOMbl5flbNL58e&oq=peste+10.000+euro+tva+&gs_lp=Egdnd3Mtd2l6IhZwZXN0ZSAxMC4wMDAgZXVybyB0dmEgKgIIAjIFECEYoAEyBRAhGKABMgUQIRigAUiKOFAAWJodcAB4AJABAJgB_wGgAY4lqgEGMC4yLjIwuAEDyAEA-AEBmAIWoALHJcICBBAjGCfCAgwQIxiABBgTGCcYigXCAgsQABiABBixAxiDAcICCBAAGIAEGLEDwgIOEAAYgAQYsQMYgwEYigXCAgoQLhiABBgnGIoFwgIOEC4YgAQYsQMYgwEYigXCAgUQABiABMICChAuGIAEGEMYigXCAg4QLhiABBixAxjHARivAcICDRAuGIAEGLEDGEMYigXCAgoQABiABBhDGIoFwgINEAAYgAQYsQMYQxiKBcICCxAuGIAEGMcBGK8BwgIREC4YgAQYsQMYgwEYxwEYrwHCAgUQLhiABMICCxAuGIAEGLEDGIMBwgIGEAAYFhgewgIFECEYnwXCAgcQIRigARgKmAMAkgcGMC4xLjIxoAexuQE&sclient=gws-wiz
Etc.. Etc...
Again, let's not derail the thread
Wrong. Money that ended up in bank come from Calins crypto wallet.
There may be even some crypto paid from other clients. Or not. Irelevant. Money that ended up in bank come from Calin's crypto wallet.
He's the one that can't prove source of the money.
You keep ignoring that it is about the source of the money. It is not about crypto to bank only. The bank wants to know where it is coming from, or in other words who put it in the crypto wallet of Calin (=KYC/AML).
Again, it would be easy to launder money by just putting someone in the middle (a crypto exchange in this case). That's just not how it works.
You keep ignoring that it's about the source of Calin's money. His money is frozen.
It's only coincidence that when he tryed to withdraw it in fiat it came via crypto transaction from only one client and not 50 of them so you can blame this one.
did everyone become a financial professional in this thread? think i missed a chapter
Typical LET story)
This is like the 2019 chinese hitman law case. Everyone keeps reselling and the whole chain gets fucked.
https://www.independent.co.uk/news/world/asia/hitmen-jailed-guangxi-china-assassin-murder-a9169596.html
Again with the selective answering.
So you withdrew crypto money to a bank that explicitly DOES NOT handle money from crypto, things blew up and you refuse to accept accountability. Gossd is not at fault for your actions to withdraw the money or them being blocked by the bank. If you simply didn't withdrew the money (or use this specific bank) this would have not happened.
The bank asked to refund the sum to its origins, which in this exact chain is the crypto exchange, correct? Cause the exchange sent the money to the bank 🤷♂️
I also understand that gossd is at fault for providing documents which showed "Fruits and vegetables", but again, you should've contested that with him, not go to the bank with that and have the process frozen. It's neglect on your side, or a simple attitude of not giving a fuck.
+1 and I am speaking from experience. In 2019, I was cofounder in a crypto ATM business which was going well until the bank stopped providing services and then lockdown came. We closed the business 1-year later. After 5 years, the local tax authorities found some inconsistency with the paperwork of the accountant. Basically VAT returns and company tax filed incorrectly. They wanted to see all transactions, thousands of them starting with the 5€ one and up to the 129k€ one (we transacted over 1M€). They wanted ID from every customer with transactions over 2k€. We had them all, we walked away clean after 8 months of investigation and the company was fined for incorrect filing of the declarations by the accountant which raised the red flag.
Your bank is most likely waiting for the authorities to process the reported suspicion.
I don't know the timeframe for this in Romania, but in Denmark, this could easily take months. The Romanian authorities might also have to wait for a reply from the Indian authorities, etc.
When Revolut blocks an account, it can also take several months before you get an answer. Long waiting time is common.
I hope @jbiloh will let you advertise here on LET in the meantime (depending on the material you send him) because, where I come from, you are innocent until proven otherwise.
Lesson for today:
Cryptocurrency is not real money, so don't pay with or ask for crypto if you're not prepared to lose it.
This is not true. If banks suspect money laundering, then banks won't refund back to origin. It will be confiscated by either the federal bank or the govt.
It's not like (after getting caught), "oopsie, I can not show the source. can you please refund it back to the place where it came from?"
That's not how it works.
People are taking this issue lightly than than they should have had.
Even goSSD doesn't have a legal case here since, if he goes to authority (Indian), then he will have to give reasons why he avoid paying taxes for outward remittance, why he failed to declare the remitting amount to Indian authority and last but not the least, under anti money laundering act, he will have to show the source of income.... an action which I don't think goSSD will be able to do.
Now it is bigger than just buying server or crypto. The money should be taken as gone for good unless OP can provide source of income.