The complete story of the MCT+ Exit Scam

Part 1 of 4

Other parts

Part 1: https://issuu com/mctplus/docs/mct 2b exit scam

Part 2: https://issuu.com/mctplus/docs/mct exit scam 2

Part 3: https://issuu com/mctplus/docs/mct exit scam 3

Part 4: https://issuu com/mctplus/docs/mct exit scam 4

Investigation conducted by tax79

Version: 2021-01-04

Link to the original file: https://drive google com/open?id=106rsZiOJDNpaeHNI C3SjwS3tA1JZQ1gU2dGXRf0SBg

Contact me via Telegram: https://t me/tax79

Join the “MCT+ Exit Scam” channel: https://t me/MCTPlus

Preface

First I heard about the MCT+ project on 30 May 2018 - two days after its launch

Then I joined the MCT+ Discord chat and started actively helping other users with technical issues.

In mid-July 2018 I received an offer from the MCT+ founders to become a moderator of the MCT+ Discord chat and I accepted it

Accordingly, I was a moderator from mid-July 2018 to 01 July 2019, when I published the first part of my investigation about the theft of users' funds committed by the MCT+ founders

During this time I collected a huge amount of information about all aspects of the MCT+ Platform.

I also tracked almost all large transactions and compiled a database of the largest MCT coin holders It was necessary to know who was dumping their coins and thereby causing damage to the Project

I myself was one of the largest MCT coin holders and invested about 2 BTC in total, which were lost due to the illegal actions of the MCT+ founders

The current investigation was conducted in order to bring the MCT+ founders to justice for theft and fraud

This investigation should be given maximum publicity so that the law enforcement agencies of three countries - Austria, the UK and the US - become interested to begin their own investigation regarding the MCT+ founders

Note:

The Americans who was victimized by the MCT+ founders - you can file a complaint with the Internet Crime Complaint Center (IC3): https://www.ic3.gov/complaint/default.aspx

Even when the criminals are located outside of the US, you can file a complaint anyway: https://www ic3 gov/faq/default aspx

Q: Can I file a complaint if I am a citizen of the United States but have been victimized by an individual or company outside of the United States?

If either the victim or the alleged subject of the Internet crime is located within the United States, you may file a complaint with the IC3

Note:

The Americans can also file a complaint to the SEC and get an award: https://www.sec.gov/whistleblower/submit-a-tip

More info you can find at the link below: https://www natlawreview com/article/report-cryptocurrency-fraud-and-earn-whistleblower-award

Note:

The other victims of the MCT+ founders - you can report to the Austrian authorities

The Austrian Police: against-cybercrime@bmi gv at

The Austrian FMA: https://www.bkms-system.net/bkwebanon/report/clientInfo?cin=11FMA61&c=-1&language=eng

PARTI. MCT+ Project

Founders of the MCT+ Cryptocurrency Trading Platform

Nickname:

Andrew[MCT+] Mari[MCT+] Simon[MCT+] AeroCloud

More information about the MCT+ founders can be found in the following chapter: MCT+ Founders

Brief summary

In May 2018 two Austrian citizens, Andreas Kaltenhuber and Carina Fontan, a UK citizen, Simon Hibbert, and a US citizen, Barry Gilitiuk* , founded a cryptocurrency trading platform “MCT+”

The MCT+ founders issued their own cryptocurrency, the MCT coin, and were selling it as an analog of shares - it was announced that the MCT coin would allow to get part of the revenue of the Platform.

At the start the MCT+ founders got themselves 1 5 million MCT for free as Premine allegedly for the Platform development that was equal to about 30 BTC.

Also it was announced at the very beginning that MCT+ would be incorporated in the near future and would become an official company that did not happen, of course

On 14 May 2019 there was a theft of users' funds from the Platform

On 02 July 2019 the results of internal investigation were announced to the public and it was clearly proven by blockchain transactions that the founder and the main Platform developer Andreas Kaltenhuber was the one who had committed the theft two months earlier

Within several hours after that the Platform was shut down, the website and the project’s social accounts were deleted. The exit scam was completed

As a result, more than six thousand people lost their funds The total damage caused to users and investors taking the current BTC price can be estimated up to 3-5 million US dollars

Based on the foregoing, the MCT+ founders committed the following actions:

- issuing shares of a non-existent company and selling them to people from all over the world, including American citizens (about 2/3 of all MCT holders were Americans);

- non-payment of taxes on the income received;

- money laundering;

- two episodes of theft of users' funds (in May and July 2019);

- fraud

*An “unofficial” founder, it was never announced that Barry Gilitiuk was a founder but all facts tell the opposite

Name:

Andreas Kaltenhuber (14.03.1977)

Carina (Karin) Fontan (07.09.1971)

Simon Hibbert Barry Gilitiuk (22.07.1976)

Who stands behind MCT+

Andreas

Andreas Kaltenhuber (co-founder & developer)

Nickname: Andrew[MCT+]

Location: Innsbruck, Austria

Kaltenhuber

Andreas Kaltenhuber is a graduate of the University of Innsbruck, has been working as a programmer for over twenty years and now runs his own small software company PushPanda. He is also a member of the SSCSC club which annually for many years organizes charity golf tournaments

His friends at the SSCSC club are Peter Paul Mölk, director and co-owner of the MPREIS distribution network, Christian Steinmayr and Michael Perlornigg, directors and co-owners of insurance company Steinmayr & Co, Adrian Egger, director at Patscherkofelbahn, Emanuel Jahn, director at Autohaus Dosenberger, Martin Wolf, a lawyer, and others

Photos of Andreas Kaltenhuber and his wealthy friends can be often found in the local Tyrolian press

His parents are also public figures His father, Heinrich Kaltenhuber, previously served as a school director and was also the head of the Austrian branch of the international charity organization "Lions" His mother, Waltraud Kaltenhuber, was formerly the principal of a general education school and now engages in political activities in the Austrian People's Party (ÖVP)

Social accounts:

https://www facebook com/kaltenhuber

https://www.instagram.com/andreaskibk/

https://twitter com/akaltenhuber

https://at linkedin com/in/andreas-kaltenhuber-806812175

Some information was changed or deleted by Andreas Kaltenhuber due to his disclosure, here are the saved screenshots:

https://i.imgur.com/cVzMv3r.png

https://i imgur com/WrMndtX png

https://i imgur com/lGm4dJ3 png

https://i.imgur.com/TTxb1lP.png

https://i imgur com/L1v4KSG png

Note:

On 08 December 2018 there was an online audio stream where Andrew[MCT+] decided to answer some users' questions regarding the upcoming switch from the Proof-of-Work protocol to the Proof-of-Stake one

Here is Andrew[MCT+]'s voice recorded during this stream and he clearly pronounces "MCT" at the 18th second: https://youtu be/UIE6RQbw oM

Note:

More evidence that Andrew[MCT+] is Andreas Kaltenhuber can be found in the following chapters: How Andreas Kaltenhuber was identified

Additional evidence that Andrew[MCT+] is Andreas Kaltenhuber

Carina Fontan

Carina Fontan (co-founder & marketing)

Nickname: Mari[MCT+]

Location: Innsbruck, Austria

Carina Fontan has been working as a marketing & PR manager for many years and now runs her own small software company PushPanda along with her current husband Andreas Kaltenhuber

It is her third marriage now

Her first husband, Martin Granbichler, is the director and a co-owner of a bus rental company (https://www tyroltour at/)

Her second husband, Gerhard Fontan, is a board member of the major media company “Regionalmedien Austria” (https://www regionalmedien at)

During her marriage to Gerhard Fontan, Carina Fontan made many acquaintances with influential people from the field of politics and business in Austria

Photos of Carina Fontan can be often found in the local Tyrolian press

As well as her second and current husbands Carina Fontan plays golf

Social accounts:

https://www facebook com/carina fontan 1 https://www instagram com/fontanella007/ https://twitter.com/MrsFontan https://www pinterest de/carinafontan/ https://at.linkedin.com/in/carina-fontan-8a617473

Simon Hibbert

Simon Hibbert (co-founder & communication)

Nickname: Simon[MCT+]

Some of Simon Hibbert’s posts:

“I have been away from software development for 4 years after previously working some 15 years in London of which 10 years were as the lead dev”

“I personally came from a background in NET and had 15 years commercial experience in Software Development but have been out of this environment for a number of years due to personal reasons”

“I have family in Switzerland”

By his words in 2019 he was in the process of divorcing his wife and he has a little son (currently 4-5 y o ) All these facts cannot be checked at the moment but possibly can help to establish his identity later Another fact - Simon Hibbert used the “airborne-one” nickname on the CryptoBridge exchange. And by his words he used to work in aviation

Barry Gilitiuk

Barry Gilitiuk (“unofficial” co-founder & developer)

Nickname: AeroCloud

Location: Bellingham, WA 98226, USA

As Barry Gilitiuk describes himself:

“I am a web applications developer who has been gaming since the 80's and programming since the early 90's.”

“I started back in the early 90s running Wildcat BBS servers then eventually graduated into learning how to program and made a few browser games in the late 90s and early 2000's

I used to be known as "Cloud" through the early 90s and around the mid 90's there were just too many people who used the name Cloud so I decided to add the prefix of Aero (which came from Final Fantasy) to it

Some of you may remember me from the games I created: StreetWarz, SpeedWarz, WorldWarz and/or PimpinWarz.”

https://www twitch tv/aerocloud/about

AeroCloud joined crypto in 2013 And if we look at his GitHub account we can find that he was even developing his own mining software for Primecoin back in 2013

https://bitcointalk org/index php?topic=359418

By May 2018 when the MCT+ Project started AeroCloud was not a newbie in crypto, on the contrary, he had a lot of experience and was a well-known and highly respected member of the crypto community

AeroCloud was in the MCT+ Project from day one Even more, he was one of the first very early investors who bought a MCT masternode from the founders - he was second who received 15 000 MCT to his MN address:

MA6zDAqvwEELFSCEzwH4g4WUMdy56VBP3V 28th May 2018 23:15:38 (UTC)

Full MCT blockchain and cli wallet for Ubuntu 18.04: mct.tar.gz

We can even track his transaction when he sent 0 2 BTC to Andrew[MCT+]’s private wallet:

As it follows from the screenshot below the MCT chain started only after 17:00 UTC on 28 May 2018: https://youtu be/yZSneIGD9dw?t=233

So within only four hours after the MCT chain was launched AeroCloud was already buying a masternode from some anonymous founders.

At this time there was not any working product yet, there was nothing* And as he had already been in crypto for five years he was perfectly aware that almost every new cryptocurrency project without a working product was a scam. But he invested anyway, and did it one of the first -----

*The first short video about the most basic functionality of the Platform was published only on 03 June 2018: https://youtu.be/U5z619zDCNs

What does this fact tell us? It tells us only one thing - AeroCloud already knew who the MCT+ founders were in real life

Several months later it was announced in the team channel that AeroCloud was aware of the MCT+ founders’ identities. And it was understandable as he was the only one besides the MCT+ founders who had access to the Platform code And, therefore, the MCT+ founders knew his identity as well

Right after the MCT+ Project launch AeroCloud started playing a very significant role within the project

Already in June 2018 he launched his own service within the MCT+ Project - Shared Masternode Discord bot It allowed small coin holders who did not yet have 15 000 MCT to set up their own masternode to combine their coins together and set up a shared masternode After that masternode rewards were being distributed among all participants Later many other different coins were added to the bot.

In early June 2018 AeroCloud was granted access to the Platform code and he started significantly improving the Platform functionality At that time he got a developer role in the MCT+ Discord chat After that he became strongly associated with the MCT+ Project in the crypto community:

Moreover, he received two MCT masternodes for free from the MCT+ founders At that time they both cost 0 6 BTC:

MA4n8UeCu43s7CG1fx3R9YR3ur66kaD6pt

2nd Jun 2018 17:19:09 (UTC)

MFXP1NpzF9seQfPDQrAXQMDXQ9vQnp9z35 15th Jun 2018 20:03:30 (UTC)

AeroCloud was a privileged member of many cryptocurrency Discord servers and was known by thousands of people So his active involvement with the MCT+ Project and the significant progress that was being done in the Platform development attracted about three thousand people already in summer 2018.

People were investing thousands of USD in the Project buying the MCT coin And people were investing such amounts not just in the MCT+ Project itself but in the MCT+ Project with AeroCloud as developer

Without AeroCloud at the start, the MCT+ Project would have died before it was born. Nobody would have invested in MCT+ with unknown Andrew[MCT+] as the only developer That’s why the peak of investing in MCT+ was a period from late June until September 2018 - the time when AeroCloud was most active and the Platform went from the beta stage to a usable product The price of the MCT coin increased up to 4000 sats Most investors were buying MCT at 2000-4000 sats

AeroCloud was always making a lot of promises publicly and in private chats that MCT+ would succeed. This also played its role He was the only one in the Project who had had a clean reputation for many years in crypto and there was not any reason not to believe him His promises based on his reputation and coding skills were involving more new investors and were keeping the old ones in MCT+

In early February 2019 AeroCloud closed his Shared Masternode service due to some allegedly mysterious untraceable hack and after more than a half year of active development unexpectedly left his developer role at MCT+ without saying a word and became the fifth moderator of the MCT+ Discord chat

Putting it mildly, it was more than strange as not a long time before he was saying literally the following:

After AeroCloud’s developer role at MCT+ was over, the only developer at MCT+ was much less qualified Andrew[MCT+] In this situation most investors were being trapped - they invested in AeroCloud as a developer and they could no longer leave the Project without significant financial losses

Right after the Incident on 14 May 2019 AeroCloud actually left MCT+ without any explanation announcing that he was not a moderator anymore but only an adviser During May - June 2019 he showed up a couple of times in the team channel So his behaviour was absolutely the same as Andrew[MCT+]’s after committing theft of users’ funds

After the exit scam AeroCloud did nothing to expose the scammers Now he continues to remain silent, as if nothing had happened at all.

Some of AeroCloud’s phrases:

Conclusion

As it follows from the whole situation in general, AeroCloud was actually the fourth “unofficial” MCT+ founder:

1 He was in the Project from day one

2. He was the only one who had known the “official” MCT+ founders before the Project launched.

3 He almost immediately got a developer role and was granted access to the Platform code

4 His name, reputation and coding skills were used to involve thousands of investors in the Project

5 He created the illusion that the Project was solid and reliable and would never fail

His name was not included in the list of the MCT+ founders only for one reason - in case of an exit scam he wanted to keep his name clean as he had already been using it for five years in crypto and it was widely recognizable

His further passive behaviour after the exit scam only confirms all the statements above.

His 0.2 BTC payment for a masternode was a trick to show other investors that he was one of them. Already in three days he got a reimbursement - his second MCT masternode he got for free Officially he was only an ordinary investor at that time and there was not any reason to give him a masternode for free So actually he was not

Social accounts:

https://www facebook com/barry gilitiuk

https://twitter com/aerocloudttv

https://www twitch tv/aerocloud

https://github com/AeroCloud

How the founders were identified

Andreas Kaltenhuber

1. Facebook helped to establish the real identities of the anonymous founders of the MCT+ Platform.

When the MCT+ page was initially created on Facebook, the actual location of the page administrator was displayed over there:

https://www facebook com/MCT-Plus-208985143115006/ (screenshot taken in May 2019)

So now we have information that the founders were probably located in Vienna, Austria in that time.

2. One of the founders, Andrew[MCT+], posted several photos of his computer in the MCT+ Discord chat. And we can see that it has the German keyboard layout - “QWERTZ” instead of “QWERTY”

Google Search (screenshot taken in May 2019)

Note:

In the photo the MCT+ Discord chat is open

The German keyboard layout confirms that the founders are probably Austrian

3 On 29 May 2018 one of the founders, Mari[MCT+], called Andrew[MCT+] as “Andreas” - the German variant of the name “Andrew”

https://i imgur com/w2rdEAD png (click to enlarge)

So we know what Andrew[MCT+]’s real name is

4. Now let’s check the “Related pages” section on the MCT+ FB page in order to find some “Andreas”, a software developer from Austria

And our attention is attracted by a certain software company called “PushPanda io”

So let’s look at it a bit closer

https://www facebook com/MCT-Plus-208985143115006/ (screenshot taken in May 2019)

5 In the “Related pages” section on the PushPanda FB page we immediately see the reference to the MCT+ FB page So they are definitely connected with each other in some way We have to check this PushPanda software company more.

https://www

6 On the PushPanda site we find someone with the name of “Andreas Kaltenhuber” He is one of the directors at Project K GmbH which is located in Innsbruck, Austria.

https://app pushpanda io/imprint

7. The register of legal entities in Austria confirms this information. Someone with the name of “Andreas Kaltenhuber” is one of the directors and co-owners of Project K GmbH, a software company from Innsbruck, Austria

https://www firmenabc at/project-k-gmbh OWNo

8

Most likely, we are close to the target

One question left - if we assume that the discovered “Andreas Kaltenhuber” is Andrew [MCT+], why Facebook determined the location of the MCT+ page administrator as Vienna, Austria instead of Innsbruck Let’s find more information about the discovered “Andreas Kaltenhuber”.

While checking his Instagram account, we find the following post:

https://www instagram com/andreaskibk/

From this post we see that the found “Andreas Kaltenhuber” with his wife Carina Fontan (“fontanella007” on Instagram) were staying at Grand Ferdinand Hotel in Vienna on 31 July 2018

Same follows from the post below. On 01 August 2018 they were still in Vienna

https://www instagram com/pushpanda io/

As you might notice the MCT+ FB page was created on 02 August 2018: https://www facebook com/MCT-Plus-208985143115006/

With a high probability the discovered “Andreas Kaltenhuber” and his wife Carina Fontan were still in Vienna on 02 August 2018 That explains why Facebook determined the location of the MCT+ page administrator as Vienna

Note:

More info about their trip to Vienna can be found in the following chapter: Vacation in Mallorca

Note:

For some reason the founders lost control over the old MCT+ FB page and could not delete it while the exit scam Control was lost at the end of 2018. That’s why the new MCT+ FB page was created and then deleted in May 2019 after the theft of users’ funds

In several months after the exit scam they could remove the location of MCT+ on the old FB page So they still have limited control over it

9. On 25 April 2019 Andrew[MCT+] posted the following photo in the team channel:

Note:

The original file is still available on the Discord server: https://cdn discordapp com/attachments/486622961563074578/571023020987121692/unknown png

In the photo we can see an expensive professional monitor (most likely, BenQ SW320, price - 1500 EUR) that was bought in August 2018 on the raised investors’ funds and a bottle of Austrian “Wieselburger” beer

Note:

Other photos of this monitor posted in the MCT+ Discord chat in August 2018 are also available: https://cdn.discordapp.com/attachments/448785954682175489/482646632060551168/IMG 20180824 222326.jpg https://cdn discordapp com/attachments/448785954682175489/482653659725824010/20180824 225232 jpg

On the screen there is source code of the MCT+ site open

With some effort we can even read some links:

“https://twitter com/MCTplus”

“https://www facebook com/MCTPlusTradingPlatform”

something interesting:

We definitely see some reflection of a room and somebody's head in the middle

After playing with brightness we get something like this:

When we zoom in the bottle we can find

Now we can recognize much more details

And the main thing - we see a bald head with glasses. So we know how Andrew[MCT+]’s reflection looks in the bottle.

Now let’s compare this reflection with different photos of the discovered “Andreas Kaltenhuber” taken from his Facebook and Instagram accounts

We clearly see the same lumps on the forehead in all the photos above despite the reflection in the bottle is a bit distorted Therefore, in all these photos there is the same person

Based on the foregoing, we can state with 100% accuracy that the first founder and the main developer of the MCT+ Platform Andrew[MCT+] is actually Andreas Kaltenhuber from Innsbruck, Austria

Note:

On 08 December 2018 there was an online audio stream where Andrew[MCT+] decided to answer some users' questions regarding the upcoming switch from the Proof-of-Work protocol to the Proof-of-Stake one Here is Andrew[MCT+]'s voice recorded during this stream and he clearly pronounces "MCT" at the 18th second: https://youtu be/UIE6RQbw oM

Note:

More evidence that Andrew[MCT+] is Andreas Kaltenhuber can be found in the following chapter: Additional evidence that Andrew[MCT+] is Andreas Kaltenhuber

Carina Fontan

The third founder of MCT+ Simon[MCT+] confirms that Andrew[MCT+] and Mari[MCT+] are a married couple:

https://i imgur com/PQusa7i png (click to enlarge)

Carina Fontan is Andreas Kaltenhuber’s wife in real life

How Mari[MCT+] describes her involvement in the Project:

And what she is doing in real life:

She confesses that they, Andrew[MCT+] and Mari[MCT+], run a family business in real life And she does accounting and selling

Andreas Kaltenhuber and Carina Fontan together run a small software company PushPanda. And according to her LinkedIn account she is familiar with marketing, accounting and selling:

https://at linkedin com/in/carina-fontan-8a617473

Based on the foregoing, we can state with 100% accuracy that the second founder of the MCT+ Platform Mari[MCT+] is actually Сarina Fontan from Innsbruck, Austria.

Note:

More Carina Fontan's phrases can be found in the following chapter: Carina Fontan’s phrases

Simon Hibbert

The name of the third founder Simon[MCT+] was established due to the PDF file he posted in the MCT+ Discord chat The file contained information about future plans for the Project: MCT Meeting Summary - 2018-09-20 pdf

In the metadata of this file we can find the real name of the third founder - Simon Hibbert.

He confirms that he is from the UK:

And he has a little son:

Here he writes that he has 15 years experience is Software Development and he has been developing his own trading platform:

https://i imgur com/Ji4Ay9Q png (click to enlarge)

Moreover, Simon[MCT+] posted the following photo:

https://cdn discordapp com/attachments/448785954682175489/460876658677645322/IMG 2410 JPG (click to enlarge)

In the photo we can see a UK outlet adapter. So it also indicates that Simon[MCT+] is from the UK.

Barry Gilitiuk

Establishing AeroCloud’s identity was the easiest task

In the MCT+ Discord chat he said that he used to be a professional bowling player and in the team channel he mentioned once that his ancestors were from Ukraine

Using his nickname we immediately discover the following link to some bowling site:

For that we are making a very simple query on Google And already on the first page of Google search results we see the following:

Then we will try to find some email addresses connected to this site

As we can see, some woman with an Ukrainian surname is connected to that site And it turns out that this woman is the wife of someone with the name of Barry Gilitiuk

Barry Gilitiuk works as a Vice President of Software Engineering at Crandall Corporate Dietitians:

https://consultingrd.com/about/#executives-section https://alacartemenus.com/about/

That’s it We found our target If we compare the photo above with the image of AeroCloud on Twitch, we will determine that this is the same person:

https://www.twitch.tv/aerocloud/videos

As you might notice, Barry Gilitiuk misspelled on purpose his surname on his employer’s sites that it was impossible to find out the company where he works at by using his real name. But it was managed to find it anyway.

Note:

In December 2018 there was an online audio stream where Andrew[MCT+] decided to answer some users' questions regarding the upcoming switch from the Proof-of-Work protocol to the Proof-of-Stake one.

Here are Andrew[MCT+]'s and AeroCloud’s voices recorded during this stream: https://youtu be/kCkGZTWI5GE

Important:

The founders were making all their statements mentioned above in full confidence that they were anonymous and their identities would never be found in the future So they revealed some common details of their real life to the public

MCT+Trading Platform

MCT+ was an over-the-counter (OTC) cryptocurrency trading platform

As the founders described it:

MY CRYPTO TRADE [ MCT+ ] is an Altcoin trading platform that allows you to buy and sell Altcoins directly while skipping the need for Bitcoin. We are the world's first decentralised P2P trading platform for Altcoin direct trading (including automated escrow services)!

Period of activity: from June 2018 to 02 July 2019

Number of listed coins: about 130*

Registered users: more than 6.000*

-----

*by May 2019

Note:

The Platform was fully operational, no major software failures were observed The Platform was being evolutionarily developed, and new functionality was being gradually introduced.

In January 2019 it was announced that the Platform was breaking even financially

From March 2019 part of the Platform's operating income began to be distributed among the MCT coin holders

Also the founders were constantly announcing their plans of incorporation:

https://i.imgur.com/zKhAx9k.png

https://i.imgur.com/jucg0oT.png https://i.imgur.com/UsIkYMC.png

Links:

https://bitcointalk.org/index.php?topic=4315891.msg49417827#msg49417827 https://bitcointalk.org/index.php?topic=4315891.msg50168312#msg50168312 https://bitcointalk.org/index.php?topic=4315891.msg50204687#msg50204687

The main sources of attracting clients were Bitcointalk and Discord

Screenshots:

https://i.imgur.com/BtC6IYS.png

https://i.imgur.com/hd1C0EO.png

https://i.imgur.com/UKgZuNe.png

There were more than 130 coins traded on the Platform So when any new coin was being listed there - a new announcement was being posted in the appropriate coin's thread on Bitcointalk and in the appropriate coin's Discord server. So hundreds and thousands of people were reading all these announcements each time and found out about the Platform

People needed to trade their new coins and in most cases the MCT+ Platform was the only place where their coins were listed for trading

The listing process was very fast and it was quite often when a new coin just showed up and it was already listed on the Platform within several hours.

So step by step in spring 2019 there were more than six thousand users on the Platform

Key features of the Platform:

1 Direct exchange of one cryptocurrency for another (Altcoin A - Altcoin B)

2. Ability to exchange one cryptocurrency for several others at the same time (Altcoin A - Altcoin B / Altcoin C).

3 Possibility of accepting a trade order not only in full, but in part

4 Ability to create a private transaction

5 No fees for depositing and withdrawing funds from the Platform (only a network fee for withdrawing funds)

6 Lack of trading bots and fake trading volumes

7. Anonymity.

8 High level of security, including the two-factor authorization

Whitepaper:

Whitepaper_MCTplus.pdf (June 2018)

Whitepaper_MCTplus-1.pdf (August 2018)

MCT+ Promo video:

https://www.youtube.com/watch?v=8CaxGDGaBh4

https://yadi.sk/i/WSIVQmxEs5LneA (copy)

MCT+ Platform video reviews:

By Goose-Tech:

https://yadi.sk/i/Ko7Zomi6WKwbAA (20 June 2018)

https://yadi.sk/i/cON_2dRcXY0hpQ (02 July 2018)

https://yadi.sk/i/u1KUhpCIDjvNqQ (05 October 2018)

https://yadi.sk/i/PfeeFG2JCUAQ8g (09 December 2018)

By Kev:

https://yadi.sk/i/NvHJVlUXCA0hBw (27 June 2018)

By F Coin:

https://yadi.sk/i/rjVKVLxRW6Ob-g (30 May 2018) (in Russian)

Note:

The video reviews above are saved copies of Youtube videos. Some of them were deleted after the MCT+ exit scam occured

Screenshots:

https://i.imgur.com/zJkv9Bq.png

https://i.imgur.com/GwH1RFL.png

https://i.imgur.com/lMG0Ipr.png

Links:

Website:

https://mct.plus/ (deleted)

https://web.archive.org/web/20190401063231/https://mct.plus/ (copy of the main page) https://i.imgur.com/8LTC9nj.png (screenshot)

Bitcointalk:

https://bitcointalk.org/index.php?topic=4315891 (deleted)

https://web.archive.org/web/20190401092312/https://bitcointalk.org/index.php?topic=4315891.0 (copy)

Reddit:

https://www.reddit.com/user/mct_plus/

Medium:

https://medium.com/@mctp

Twitter:

https://twitter.com/MCTplus (deleted)

Facebook:

https://www.facebook.com/MCTPlusTradingPlatform (deleted) https://www.facebook.com/MCT-Plus-208985143115006/ (old page)

GitHub: https://github.com/mctsystem

Discord:

https://discord.gg/mE2cU4h (deleted)

https://i.imgur.com/xnzdWFo.png (screenshot)

https://i.imgur.com/F9xKKXE.png (screenshot) https://i.imgur.com/NRDZMhJ.png (screenshot)

https://i.imgur.com/qJR6bx2.png (screenshot)

How much the founders got from the Project

Premine and Presale

The founders in order to raise funds for the project development got under their control 1.500.000 MCT as Premine.

According to the MCT+ Whitepaper the premine had to be distributed in the following order:

As follows from the MCT+ Whitepaper initially there were 20 Masternodes for sale at 0 2 BTC each One Masternode was equal to 15 000 MCT:

On 03 June 2018 it was announced that all 20 Masternodes had been sold Additionally, as the announcement informed, the “Fixed costs” fund (75.000 MCT) was going to be exchanged to BTC:

On 13 June 2018 it was announced that the founders were additionally selling 10 Masternodes at 0 4 BTC each:

https://i imgur com/ysllHoh png (click to enlarge)

https://bitcointalk org/index php?topic=4315891 msg40031103#msg40031103

On 20 June 2018 Mari[MCT+] confirmed that the price of Masternodes being sold was 0 2 - 0 4 BTC:

https://bitcointalk org/index php?topic=4315891 msg40534392#msg40534392

According to the information above, in May - June 2018 the founders could theoretically raise the following funds:

1 20 Masternodes x 0 2 BTC = 4 BTC

2 75 000 MCT (5 MNs x 0 2 BTC) = 1 BTC

3. 10 Masternodes x 0.4 BTC = 4 BTC

Total: 9 BTC

Now on blockchain data we will try to find out how all this corresponds with reality

Note:

The addresses below were discovered and analyzed manually using the BTC explorer Based on the discovered addresses, we know with 100% accuracy the minimal amount of BTC Andrew[MCT+] was able to get in his hands

Important!

In PART II of the current document you can find all necessary information about how the addresses were discovered: How to discover addresses in a BTC wallet (must read!!!)

Presale

20 masternodes x 0 2 BTC

* Bought by an investor under the nickname Haunebu / Haunebu81

“Fixed costs” fund

5

(75 000 MCT)

* Bought by an investor under the nickname Haunebu / Haunebu81

Additional Presale

10 masternodes x 0 4 BTC

* Bought by an investor under the nickname Haunebu / Haunebu81

Unidentified Presale funds

Now it is proven that Andrew[MCT+] received at least 10.5 BTC during the Presale period from 28 May until 15 June 2018. So the real figures are even bigger than the “theoretical” ones

Additionally, we may pay attention to the following information Andrew[MCT+] provided about how much masternodes he sold to one investor under the nickname “Haunebu”:

As we see Haunebu bought 8 Masternodes on 03 June 2018 and 7 Masternodes on 15 June 2018

We can even track all his transactions how he was consistently transferring funds to Andrew[MCT+]’s wallet - 4 1 BTC in total And it seems that Andrew[MCT+] even gave him a 0 3 BTC discount

Yellow background - Andrew[MCT+]’s private wallet

Green background - change

Funds transferred from the Platform

In the table below there are funds that Andrew[MCT+] transferred from the Platform to his private wallet The most reasonable explanation of these funds - he was selling his MCT coins he got for free from Premine

Funds transferred from the Platform

WOLF coin “fee”

In February 2019 there was an agreement reached with the Wolf team to stop trading their coin on the MCT+ Platform during the presale period For this they were paying 0 2 BTC per week

"Fee" paid by the WOLF team

Andrew[MCT+] received 2 2 BTC in total from the WOLF team This sum was never officially announced to the public

Moreover, WOLF also transferred 2 05 BTC to the MCT+ Platform and some of these funds were probably stolen during the “Incident” on 14 May 2019:

WOLF’s funds on the Platform

Total: 2.05

Trading fees

The founders by their words got about 0 5 BTC from the trading fees collected on the Platform

The reliability of this information cannot be verified

“Unofficial” fees

On the Platform there were also a lot of "unofficial" fees such as a delisting fee (0 3 BTC) and others (the WOLF coin as example) The existence of those fees was never announced to the public How much such fees were collected by the founders is unknown

Rest of the Premine

As it was mentioned above the founders got 1 5M MCT as Premine for free

In fact 225 000 MCT out of them were moved to Simon[MCT+]’s private MCT wallet

The other 1.275.000 MCT were staying under Andrew[MCT+]’s control.

In May - June 2018 the founders sold 525 000 MCT (30 Masternodes x 15 000 MCT + 75 000 MCT) to early investors

The other 750 000 MCT from Premine (1 275 000 MCT - 525 000 MCT) the founders were able to spend and dump at any time without any control.

In June 2018 Simon[MCT+] set up 15 Masternodes using his 225 000 MCT and in March 2019 there were about 800 000 MCT on his balance All these additional coins were generated by his Masternodes

About 300 000 MCT out of his 800 000 MCT were later dumped on the Platform He could have dumped all his coins but there were no more buy orders at an appropriate price.

That’s what he posted in the MCT+ Discord chat:

How much BTC the founders got from dumping their MCT coins in total is unknown

Theft of users’funds

"Officially" 2 85 BTC, 1 5M XRD and 1 5M WOLF were stolen during the Incident on 14 May 2019:

How much BTC and other coins were stolen by the founders during the exit scam on 02 July 2019 is undefined

On 17 May 2019 (three days after the Incident) in the private chat Andrew[MCT+] said the following:

So on the date of exit scam it could be similar or more

Unidentified funds

In the table below there are unidentified funds transferred to Andrew[MCT+]’s wallet As his wallet was connected with the Project completely, we can assume that ALL incoming funds in his wallet since 28 May 2018 are connected with MCT+

Unidentified funds

https://i imgur com/yG5I2sc png (click to enlarge)

Conclusion

Based on the foregoing, the founders got at least 21.4 BTC from the Project (10 5 BTC received in May - June 2018 during the Presale period + 2 6 BTC transferred from the Platform + 2 2 BTC received from the WOLF team + 2 8 BTC stolen during the Incident on 14 May 2019 + 3.3 BTC received from undefined activities connected with the Platform). This is the amount that nobody can argue with It is a fact proven by blockchain

To this amount we have to add all official and “unofficial” fees collected on the Platform, the founders’ MCT coins exchanged to BTC, coins stolen by the founders and then exchanged to BTC Some of these funds, most likely, are already included in the discovered 21 4 BTC but we cannot know it for sure

How the raised funds were spent

Reasonable expenses

The only expense the founders confirmed was the listing fee (1 BTC) paid to the CryptoBridge exchange:

https://bitcointalk org/index php?topic=4315891 msg40386159#msg40386159

Transaction confirming the payment of the listing fee: https://blockchain info/tx/8932d2c1dfa0f02212438bec45ec8eb00ecf790cf173c89cb591542337f6b915

That’s it. There were no other confirmed expenses.

The expenses that can be taken without confirmation are server costs

By Simon[MCT+]’s words the server costs could be estimated at 450 USD per month on average:

https://i imgur com/OTwdTdj png (click to enlarge)

There were no other reasonable expenses to run the Platform

The main developer of the Platform was Andrew[MCT+] No other paid developers were involved in the Project

https://i imgur com/EHBMiHVpng (click to enlarge)

No office was needed to run the Platform, no employees, and etc

So we can take the fact that one more BTC might be spent on server costs and on something else that was needed

Therefore, only 2 BTC were reasonably spent on the Project for a year.

Now let’s find out how the raised funds were spent in reality

Spent Presale

Spent “Fixed costs” fund

SpentAdditional Presale

Spent Unidentified Presale funds

Funds transferred from the Platform

Spent “fee” from the WOLF team

Spent Unidentified funds

As we can see, almost all the funds collected during Presale were spent in June - September 2018 On what purposes - it is unknown.

At that time Andreas Kaltenhuber allegedly purchased a new car - Renault Twingo (model 2018) at his employer's car dealership "Autohaus Dosenberger"

This car we can see near Andreas Kaltenhuber’s house in particular on Google Maps: https://goo.gl/maps/WMJcCPT1tBawuxhi7

And in the following photo: https://i imgur com/nepJ1w7 jpg

https://i imgur com/hkyZQlN png (click to enlarge)

At the end of July 2018 Andreas Kaltenhuber and Carina Fontan went on a two-week trip to Spain (Mallorca island) Before that, visiting Vienna and staying in one of the most expensive hotels in the city for several days

Note:

More info about their vacation in Mallorca can be found in the following chapter: Vacation in Mallorca

And do not forget about the new professional monitor (BenQ SW320, price - 1500 EUR) that Andreas Kaltenhuber bought in August 2018 on the raised funds and photos of which he posted in the MCT+ Discord chat

In December 2018 it was announced in the team channel that there were no more funds left and it was suggested that the moderators had to pay to the third-party developer of the new Proof-of-Stake wallet And some moderators did pay

Conclusion

The founders spent almost all the raised funds on their personal needs and only a small part went on the Platform development

Other parts

Part 1: https://issuu.com/mctplus/docs/mct 2b exit scam (current)

Part 2: https://issuu com/mctplus/docs/mct exit scam 2

Part 3: https://issuu com/mctplus/docs/mct exit scam 3

Part 4: https://issuu com/mctplus/docs/mct exit scam 4