Thursday, September 17, 2015

Current Situation

I apologize for the long delays from withdrawals and distribution of XNF to those customers that are involved with the Japanese distributor.

We stand by our position, the Japanese distributor committed fraud. Our funds are frozen, more over, your funds are frozen. I have proposed the distributor to show the proof of purchase of all his clients and their KYC, so that we may distribute the XNFs directly, but he refuses to provide this information. This is the only accommodation we can make after he committed fraud and broke our distribution agreement. We are being more than reasonable to request this information, so that the right people, if they exist, may get their XNFs, as well as being able to gain access to the frozen funds.

When will withdrawals be possible? 

We are making our case in court on the 17th of this month. I firmly believe that not long after that we will gain access to at least some of the funds and this will allow for us to cover all pending withdrawals.

I was attempting to trick the Japanese Distributor into admitting their guilt, I pretended to offer them a sweet deal and then I took the conversation over to a secret chat in Telegram where I thought he would feel safe. It id not go anywhere however. It has come to my knowledge that some of the people behind them are the same as the ones that were scamming old Japanese customers into buying XRPs for over one dollar last year.

The way to fix this is simple: To all Japanese customers, please contact us with the proof of purchase and your KYCs so that we may be able to provide you with what is rightly yours. I have been asking the Japanese distributor over and over for the same, but he refuses. He gives us the excuse that the documents are in Japanese, but we tell him that we have a translator. Quite frankly, I don't see a problem with why he would not want to provide the requested information from our part, it is not only legal, but mandatory by law, that is unless, he is hiding more than what we already know.

Saturday, July 25, 2015

Official XNF announcement regarding XNF Japan closing

Due to serious non-compliance of our distributor agreement found during our audit a month ago, we have severed work relations with XNF Japan. We are currently investigating the unfair and fraudulent trading of XNFs by this distributor. At this moment and until further notice, XNF Japan does not have the right to sell any XNF, use the XNF name or represent the XNF company in any way, shape or form.

This is an unfortunate situation for all parties involved, specially for clients who have relied on the good XNF reputation to purchase XNF via XNF Japan. Please know that we are here to provide the support you need. 

We are hoping this investigation will soon be resolved. In the meanwhile, please contact us for any questions, concerns or just to make sure your account is "cleared". We recommend you get in touch with us via our support line at support@xnftrading.com.

Yours,

Robert Reyes

CEO