Right now they are under administration but if you go to their website you will see that the U.S. operations are up and running and that the administrators' reconciliation of funds should be finished by September 30 and that up to now the administrators have found no problem in terms of clients funds not being where they should be. Unfortunately, Glint's directors and officers can not say anything right now as the company is under the administration. The only public statement from the administrator so far that explains why the company is in this situation is that there was a "dispute with a secured creditor".
Glint's website: https://glintpay.com/
Thanks for keeping us informed, educated and updated, Maneco64.
Knowing such information one can make but informed decisions. Must recognize all the research you are doing mate!
Thanks, @cryptorg
Glint participants should consider themselves lucky that this happened in good times. Imagine standing in a Northern Rock-like queue of non-preferential suckers trying to get their money back. Good luck with that when multiple SIFI's go belly-up. FDIC, FSCS or however they may call it... designed to give the masses a false sense of security. I'll keep my PM's near to me TYVM, under my mattress so to speak.
peace of mind to know you can't access your money for a week.Hi @biebel36, I agree with you 100% even though the idea behind Glint is not a bad one. Holding your own PMs wherever you might put them gives you peace of mind and that is a very rare commodity. Even though I think the situation at Glint will sort itself out and clients will get all their money back it does not give one