alert The fund can't be withdrawal from Epik.com via Masterbucks wallet

[enamebroker]

It happened on 23rd Aug 2022 and this matter lasted almost one month without any process. Masterbucks.com declined my fund withdrawal and disabled the button of fund withdrawal. And I contacted Epik.com and got no further action even if Rob Monster got involved in it for two weeks. All the time I was told in email by management review.

What is wrong with Epik.com? Do you think it is normal to disable fund withdrawal? How can I get back my fund from Epik.com? Thanks for your suggestion.

 

[bmugford]

It's interesting that he says they're working on solving the rest. As far as we are all aware, these liabilities are with MB (which is owned by Kingdom Ventures now that Epik Holdings should have been renamed as such). I think it's good that there is slight hope for other victims that at least some of them might receive something.

My guess is that everyone involved is going to be quiet until if/when ICANN approves the assignment, just like @Rob Monster has been quiet for the last 9+ months.

They certainly don't want to bring attention to all the customer liabilities that they have excluded, by design.

But I wonder where the money is coming from since MB was excluded from the sale to the LLC. Has KV received some funding from elsewhere? Is RM going to use some of his new wage (from the LLC) to pay people? I sure hope more people get something...

Good question. It is clear that "New" Epik doesn't see these liabilities as their obligation to pay.

If the money has not been there to pay these victims for the last year, where is it magically going to come from now?

Brad

 

[NicTraders]

Kingdom Ventures explains that Epik Holdings has 8 revenue generating companies.

I suspect that was prior to the sell-out anyway. I reckon at least half of those are gone now.

Well, looks like it is down now. Curious how they're going to handle this.

Yeah, looks like NameLiquidate is dead. Though it is certainly possible RM will look to revive it sometime. No further updates on my domains (from NL) at present.

Epik had $100,000 and needed to pay $6 million. Brian couldn't pay Kathleen her $91,000 or $50,000. Epik was thrown to the wolves because of the money that Brian and Rob were getting paid.

I wonder what BR made out of it all. I doubt RM received anything from them for a fair while. He certainly indicated (in emails in the Adkisson case) that he was 'owed' a lot of money. Though I'm sure he received plenty prior to that.

 

[bmugford]

It is Rob Monster that owns Masterbucks.

Kingdom Ventures explains that Epik Holdings has 8 revenue generating companies.

Show attachment 240445

The term "revenue generating" really means nothing.

You could sell an item for $1 and you have generated "revenue", even if you lose money.

I could buy something for $100,000 and sell it for $1,000 and I generated "revenue", even though the net income is massively negative.

Brad

 

[bmugford]

Brian Royce, sending the exact same letter to another party.

If a company is insolvent, these decisions should be in the hands of an administrator to decide.

 

[Arch]

I suspect that was prior to the sell-out anyway. I reckon at least half of those are gone now.


Yeah, looks like NameLiquidate is dead. Though it is certainly possible RM will look to revive it sometime. No further updates on my domains (from NL) at present.


I wonder what BR made out of it all. I doubt RM received anything from them for a fair while. He certainly indicated (in emails in the Adkisson case) that he was 'owed' a lot of money. Though I'm sure he received plenty prior to that.

Rob could have been owed money, but he did get paid by Epik. He got a lot of money when he was CEO.

Brian Royce did get paid by Epik. He didn't give a fuck about the Epik Escrow customer. He also explained he would be upgrading Masterbucks, then decided to close Masterbucks because he couldn't pay the customers. There was nobody that would buy Epik Holdings assets + debts for $4.9 million or more.

Interestingly I have more problems with Epik than probably any other site.

The customers that had money with Epik Escrow had more problems.

 

[bmugford]

Why not make a public statement @Rob Monster?

I also wonder how you can possibly blame anyone else for Adkisson's escrow transaction that occurred in May 2022, months before you were replaced as CEO.

Show attachment 240436

Another question is why would "New" Epik even want the help of a party that "Old" Epik said this about?

That seems like a big risk for them, and it is hard to play the "we are a totally separate entity" game with that connection.

 

[Chris Hydrick]

Updated on Jun 14, 2023, 2:16 pm CDT:

https://www.dailydot.com/debug/epik-clients-sale-masterbucks-rob-monster/

... A thread on NamePros started in September, called “The fund can’t be [withdrawn] from Epik.com via Masterbucks wallet,” now extends over 300 pages and thousands of comments, many of them complaints about Epik converting their money into Masterbucks and clients being unable to withdraw the funds. People have continued commenting on this thread until the present day. Trustpilot reviews of Masterbucks complain about Epik, and vice versa.

After news of the sale broke, a Twitter user posted a screenshot showing that they have over $60,000 in Masterbucks and demanded to know when they could withdraw the money.

Epik, under its original Twitter account, replied coolly. “We are Epik LLC. Domains Management. We have nothing to do with the alternative ecosystem alternative Masterbucks stuff.”...

 

[Derek Peterson]

Good news. I have it from a very reliable source that JJE are NOT the owners of the new Epik, LLC. So that means that we are left with the very strong possibility that the new LLC is indeed owned by none other than Rob Monster himself. Please let it be so.

I mean really, what other idiot would want to keep the Epik brand other than Rob Monster.

 

[branding]

No further updates on my domains (from NL) at present.

They've told me they have a list. Processing it and I'm on it.

Sounds familiar?

 

[bmugford]

They've told me they have a list. Processing it and I'm on it.

Sounds familiar?

Trust us bro.

From the same company that spent almost a year screwing customers over.

The only difference now is they have split off their assets from their liabilities to customers.

It just sounds like they are giving victims another IOU.

Brad

 

[Igor Gabrielan]

The new Epik got the account of the old Epik on Trustpilot.
https://www.trustpilot.com/review/epik.com

 

[bmugford]

The new Epik got the account of the old Epik on Trustpilot.
https://www.trustpilot.com/review/epik.com

At this moment, the text on Trustpilot is not true.

ICANN has not approved the assignment of accreditation to this brand new company.

About Epik LLC

Epik LLC is a Domain Management Platform and full-service registrar offering Domain Names, Shared Web Hosting, WordPress Hosting, Escrow Services, Domain Marketplace & more with Legendary 24x7 Customer Support.


They also said they have no escrow service.

https://twitter.com/x/status/1665012930826436609

 

[silentg]

He doesn't know how to BS / lie.

https://twitter.com/x/status/1668913515573178370

 

[branding]

Trust us bro.

From the same company that spent almost a year screwing customers over.

The only difference now is they have split off their assets from their liabilities to customers.

It just sounds like they are giving victims another IOU.

Brad

Yeah, I'm not getting my hopes up. I'll wait for Icann to decide on the registrar status before I request a chargeback at my CC company.

It's a personal purchase, as I liked the name. No harm done if the money is lost.

Just sharing this to show people Epik LLC definitely doesn't have it's affairs in order.

 

[Samer]

How did you get this job, Royce.
Why are you still tweeting?
You’re worse than Rob! IMO.

 

[bmugford]

How did you get this job, Royce.
Why are you still tweeting?
You’re worse than Rob! IMO.

How did some random domain noob became CEO of a registrar? Good question.

He is more talkative now than in the 9 months he spent scamming customers.

Brad

 

[topdom]

Looks like Epik is trying to pass Icann test (Jun 22?), and this is their priority, anything else is secondary. So, they can do good or bad things because of this. They probably can't do everything correctly at the same time. Worse, they can screw things up a little bit more, just to be able to meet those demands, temporarily. For example what is the point of separating masterbucks, from Epik. Your money will get stuck a inside masterbucks, a little bit more, and remain frozen, and they will earn time while you are doing verification. If there was no pressure from Icann, maybe they would wait more , until their devalued cryptos gain value (which may never happen). If they pass Icann test (hope they do), then I hope they try to correct themselves..How: for example sell your house, buy a cheaper one, or, get a loan from a bank by putting your house as collateral (does it every happen, what is it called).
Enemies of Epik: Ask yourself, what would you gain from Epik's total collapse.
Friends of Epik: None.
Neutral about Epik: Me, ..what I want , .. I want competition between registrars, and marketplaces.
Epik's great* marketplace, and landing pages help with this.
*Great if you can get your money. Maybe eventually you do, but this is not enough.
Why is it great:
Indexable landing pages with contact form, which work without scripts (works even if domain is not listed)
Contact form messages go to domain owner (if not expired) (unlike Godaddy/Afternic)
Prices are shown, if priced (unlike GD/AN)
Public price and private negotiation can happen simultaneously
You can do followup.
You can remain anonymous. This is not the case, if you own your own site. Every domainer/agent can know you
if you park thousands of domains at your private site. (Also at Sedo, buyer is anonymous, seller is not, exact opposite of what would be the correct way)

I mean, even if Epik doesn't correct itself completely,..other registrars/marketplaces can improve themselves
by copying some aspects of Epik marketplace. Some are doing the opposite, giving all control to themselves,
while making sellers slaves in this game, who would be arbitrage victims without knowing it.
Strangely noone else is complaining about it. Noone is supporting me in this, as if everyone enjoys being slaves.
...
Dynadot doesn't seem to have url redirect, and email forwarding. This is a very bad thing.
Again I posted about it in multiple places, noone even saying, you are right. Noone cares.
I don't need approval from people, but why can't we collectively force registrars/marketplaces to do the right thing. Why not at least protest what is obviously wrong.

 

[Lox]

How did you get this job, Royce.

via Patreon

 

[bmugford]

via Patreon

He won it in a raffle.

Brad

 

[bmugford]

I mean, even if Epik doesn't correct itself completely,..other registrars/marketplaces can improve themselves
by copying some aspects of Epik marketplace. Some are doing the opposite, giving all control to themselves,
while making sellers slaves in this game, who would be arbitrage victims without knowing it.
Strangely noone else is complaining about it. Noone is supporting me in this, as if everyone enjoy being slaves.

Epik created an internal currency (Masterbucks), and used it to scam customers.

You don't think that is giving "all control to themselves"?

What is the need for an internal currency?

Somehow every other escrow service, marketplace, has figured out how to pay without the need for some stupid internal shitcoin.

Brad

 

[J Sokol]

Risk overt?

 

[bmugford]

Risk overt?

Most people would probably use "risk averse", but maybe it is a made up term like "freedom unicorn" or "drippy bag".

Maybe he really did mean "risk overt".

Open to risk sounds about right.

o·vert
adjective
done or shown openly; plainly or readily apparent, not secret or hidden.

Brad

 

[Samer]

Risk overt?

He probably meant to say “risk averse”
He‘s trying to sound like a Lawyer.
Brian is still playing checkers.^^

 

[topdom]

I don't think MB was invented for scamming purposes.
Because such a scenario doesn't make sense.

They were greedy and not responsible enough, and had too much faith in crypto,
and they didn't know what to do when crypto collapsed*,
and desparately "borrowed" their customer's money.
I mean, this is the only story that explains everything.

*..and there was no reason for cryptos to collapse so badly,
if there was no global war. But there is a global war, not between countries.
There is a war between good and evil, and
you may lose, when the evil loses, even if you are not evil.
You just need to consider the worst case scenario at all times.
For example what happens if my bank closes, my jewelry is stolen,
my house burns, or much more likely, if cryptos all go to zero without any hints.

BTW, cryptos are not decentralized. Whoever controls half of a blockchain,
controls everything. And this is probably the case with btc.
Also, things are not untrackable at all.

 

[bmugford]

Brian Royce is a true inspirational story.

Did he let his lack of experience get in the way?
Did he let his lack of intelligence get in the way?
Did he let his lack of ability get in the way?

All it took was a complete lack of morals and ethics, to heroically overcome the odds and screw customers over.