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We kindly request that the following announcement is read with an open mind and level of understanding.

There's no secret that things have been a little bumpy recently, and it's important for us to remain transparent and honest with the community who we cherish so much, because without you - we are nothing.

In a shameful and disgruntled set of events, our lead developer quite simply decided to go "rogue" and choose their own path by slowly and passively withdrawing small amounts of BTC over a prolonged period of time from several accounts which had been pre-created and loaded with small BTC balances. This activity (to our knowledge after concluding our investigations, lasted for a little over a month).

Once the activity in question was brought to light and subsequently admitted by this particular developer, they were instantly terminated from the site and all operations thereafter. What we didn't know at this time was that several other accounts had been pre-created by this individual and again loaded with false BTC balances from within the database, of which the credentials were evidently retained as the accounts were accessed and emptied shortly after their departure, which triggered new security measures we had already implemented for accounts making withdraws without prior deposit / order history (as there's no plausible way for their balance to exist) . The amounts were not incredibly substantial but it did warrant an injection of funds into the site to help mitigate the losses at hand.

This chain of events, coupled with the recent price increase of BTC has been an extremely difficult situation to manage to say the least, which is the sole and primary reason why withdraws have been taking a little longer to process (hence why we've taken the necessary steps to stagger withdrawals and implement a daily withdraw limit to help balance things out). We have been processing withdrawals as quick as feasibly possible without unintentionally sinking the ship.

As mentioned by /u/HugBunter in his concerning yet completely warranted announcement post, vendors and users alike have reported that they have received their withdraws even if they've had to wait a little. Hopefully this will provide some clarity to the situation and that we are categorically NOT going anywhere.

We have been established for some time now and this is not the end of the road (not for us anyway). And we speak directly to every individual who may read this post that if your faith and trust for us has now been tarnished then we are wholeheartedly sorry for that and you will not be forced or persuaded to stick with us.

Here is our plan moving forward, and we only deem it fair that we give you all the full transparency on our future together as a community:

First and foremost, FUNDS ARE SAFE, and everybody who is due will be made whole, bare this in mind before reading the following;

- - We have collectively decided that disabling the use of BTC for a short period of time is the best course of action. This is solely to clear the queue of outstanding withdraws and dormant balances with a view to re-enabling BTC as soon as the above has been fulfilled.

- - All current BTC balances will remain untouched and outstanding withdraws will be cancelled and returned to the users balance. Once this has happened, all users will be given two options:

Option 1) To exchange their BTC to XMR on site (like for like as per the set fiat currency on their account at the time of exchange) whilst BTC is disabled. For example; if you hold 1 BTC on the platform, you will receive the fiat equivalent in XMR, this balance will then be ready for withdraw / spending.

Option 2) Continue to wait for the re-implementation of BTC and withdraw their BTC balance when this happens.

Once BTC has been disabled on site, any and all associated BTC deposit addresses (old and new) will be obsolete. So please do not deposit as we cannot be held responsible for any missing funds once BTC has been disabled.

** THE ABOVE PLAN WILL BE IMPLEMENTED WITHIN THE NEXT 48 HOURS AND A SITE WIDE ANNOUNCEMENT AND DREAD ANNOUNCEMENT WILL BE PUBLISHED AT THIS TIME **

Please know that this has not been an easy decision to make, but more of a reasonable plan of action to rectify the mess left behind by the developer mentioned above.

At this stage we feel that this is the best option moving forward as we're unsure which way the value of BTC is going to go with the upcoming ETF decisions within the next two months, it could counteract and really put things underwater, but we thought it be most respectable to provide a temporary solution and utmost clarity.

He took from us all, but regardless of how you may feel after reading this, we love you all and we will see this through.
- - The Bohemia Team
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