Did Mobilink-coin get screwed over by a dev in Bulgaria or was it incompetency?

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Tonight an e mail went out from Mobilink-coin to its investors:

Dear MOBILINK-COIN Investor,

We have very important information to share with all our investors. This affects all Token holders.

The MOBL Token was created by a company in Sophia, Bulgaria, who provided our turnkey ICO Backend Solution. Unfortunately, there was a misstep in that the Token was unverified, unaudited, and MOBILINK-COIN was not aware of this to resolve it in time.

The MOBL coin will be listed on a minimum of four (4) exchanges in May 2018. To be in compliance with the major Exchanges, we needed to restructure and re-issue the Token. This is required for MOBILINK-COIN to have full control over its audit and verification. We know you will support us in ensuring compliance is in order and that your investment is kept safe. The current Token Contract will be abandoned, and a NEW Contract has already been created.

At this time, investors are unable to log into their back office on the platform. We have record of all investors’ Tokens and will be providing what is due each investor directly into their own wallet. We will provide you with further information and instructions as soon as possible.

Thank you for your understanding.

This is so sad. I personally know the principals of Mobilink-Coin. Based upon a positive endorsement, they hired a company in Sophia, Bulgaria to build the back office for Mobilink-Coin. I don’t have all the details yet but allegations have been made to me about this ICO programming team that I am not at liberty to share at this time.

My only question is whether this was incompetence on the part of this dev, a oversight that did not audit the MobL or a powerplay to extort Mobilink-coin.

Maybe it was just an honest mistake and has nothing to do with Shehar Yar and his efforts to try to destroy one of the most legit ICO’s on the market. I do know however, if there was any alleged fraudulent intent whatsoever, I will devote my time to turn over all the rocks and find and identify all the snakes, clowns and jokers.

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