The following content is written by Chris Butler, a former Midex ambassador, who has been a victim of fraudulent activity by the Midex Exchange founders. 

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My name is Chris Butler, former US Regional Officer of the Midex Exchange. Which is just a fancy way of saying Ambassador. I have a duty to stand up for my co-workers. I also have a duty to the entire crypto community to expose this group of people for what they truly are.

I will be including several screenshots taken over the course of 10 months. During that time, many of the staff were not aware of the founder’s true intentions. Most of what they say is coming from the founders. They were not aware that they were lying for the founders. Below is a legend that labels all the staff that you will see in the screenshots. This is an attempt to alleviate any confusion as to who is actually at fault and who is being victimized.

Ambassadors

• Chris Butler (fired without pay)

• Shebin John (fired without pay)

• Coyote (active)

• Taha Ben Ali (fired without pay)

• Noel Amadi (active)

Original Core Team

• Polina (fired without pay)

• Natalia Lukina (fired without pay)

• Nick Barry (unknown)

• Ksenia (fired without pay)

• Dmitry Machikhin CEO (fired without pay)

• Mike Blackwood (fired without pay)

Core team (puppets and acting voices of the founders)

• Arseniy Dain

• Marina

Founders (tried their hardest to remain anonymous)

• Julia Pomuleva

• Peter Buyukli

First, a little background info. The core team of the company saw Midex through a successful ICO in which over $20,000,000 USD was raised. They were fired without pay as well. Even the CEO!

This all happened behind closed doors and the ambassadors were lied to about the status of the core team and we were prevented from doing our jobs which were later used against us. Our project manager that we answered to was fired and nobody from the Midex team would even tell us.

We had to find out information for ourselves. The lies continue to this day. I’m surprised that this is not yet public knowledge. The core team is scared to come forward because of NDAs and physical threats. I am counting on at least a few of them to come forward after they see that they are not in any danger, legal or physical.

These are some of the conversations that show our payment schedule and forced vesting schedule. Neither were agreed upon by the ambassadors. The original agreement was that the ambassadors would be paid, in full, after the ICO.

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There are still two ambassadors that are working for Midex. One is trapped and I hope to help her out of this mess. The other is a tool that would go against Midex if I were to offer him $100. As for the actual Midex team, there is really only four that I can pinpoint that know what is going on. Two founders, Julia Pomuleva and Peter Buyukli, and their two puppets, Marina and Arseniy Dain. The latter can be found in the Midex Telegram.

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A few of Midex’s shameful acts:

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The founders of MIDEX used their employees status in the community to raise millions and then disposed of them without mercy.

The Midex Cryptocurrency Exchange fired it’s staff and illegally withheld approximately 527,000 Midex tokens at the time held a Value Of $1 per MIDEX Token.

Arseniy Dain and Marina strategically prevented us from doing our jobs. We were to bring Midex to our respective regions. Every attempt we made to promote was denied and all our suggestions to bring volume to the exchange were also denied. Even free representation at several blockchain conventions was rejected. The only event that that was carried out was by ambassador Noel, who did a MeetUp with a few of his friends without the consent of the Midex team. He paid for it out of his own pocket.

The most recent lie was when Midex made the public announcement that they were on the Blockchain Cruise as part of their marketing campaign. This was a flat out lie. They had one part-time employee that was invited by the founder of Crypto Friends to go on the cruise for vacation. The Midex team took advantage of this by having this part-time employee send some pictures of her on the cruise and a few videos. There was not even one piece of Midex media on that cruise. Not even a business card or keychain.

A total flat out lie. It’s despicable how heavily they promoted this as if “they” were there. Here are some links and screenshots that highlight this.

https://www.facebook.com/118071078908481/posts/247134779335443/
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https://www.facebook.com/118071078908481/posts/246529356062652/
They leaned on this lie for the duration of the cruise.

Nobody ever caught on. When I brought it up to Arseniy, he denied ever saying they were there. How he planned to stand by that lie, I will never know.

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When I tried to ask them to provide screenshots of anything Midex related or any proof that Midex was participating as a company or as a team, my account was blocked and the messages were promptly deleted from Telegram.

All the screenshots I have are a miracle because it was literally a race to capture them as they banned me from all the different Telegram groups.

Moving on to the exchange itself and the in-house development crew of 40 developers that they lied about hiring. They outsourced the development of the exchange and pretended like Arseniy was a big part of the development.
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In fact, whenever we asked about a team member’s absence, Arseniy would say that that team member has been busy helping with development. When they were actually fired long before.

The company they hired was Yoldi. Midex has not listed them on the website as a partner. Rather they listed the founder of Yoldi as the CTO of Midex. They made announcements to the community that the team was 40 strong with Devs all over the world.
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Yoldi is a small company of about 5 people. I was only able to track them down after applying a Russian IP address and running searches with a .ru filter. It seems that completely outsourcing an exchange’s development would leave huge security vulnerabilities. Why else would they lie about it?

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Above is the Midex partner page.

I started a GoFundMe campaign to try and make up for some of the lost funds the victims suffered. I tried to keep this article fact-based so please visit the GoFundMe page for a more personal view of the things that transpired.

GoFundMe: Victims Of Midex Exchange

 

Here is the letter my attorney sent to them. They responded with ridicule and character assassination.

The Letter

To Julia Pomuleva and Peter Buyukli Founders of Midex

Ref.: Demand for Return of Misappropriated Funds.

Summary:

Midex (hereinafter referred to as “Midex”, the “Company” or the “Project”) is a company that has offered MDX Tokens to the Project’s Ambassadors and staff as incentive for their efforts and expertise in the involvement of the promotion and exposure of the Project.

Midex, under the instructions of Julia Pomuleva and Peter Buyukli, has unlawfully and illegally misappropriated approximately 50% of each Ambassador’s agreed remuneration and 100% of the team’s agreed remuneration, accumulating approximately 525,522 MDX tokens.

We, Chris Butler and assignors or principals (hereinafter collectively referred to as “We” and/or “Us” or named individually) hereby formally demand you, Julia Pomuleva and Peter Buyukli and/or your representative(s) (Midex IT Limited or MDX Group OU officers), in the capacity as of Midex (hereinafter referred to as the “Founders”) to return the misappropriated funds in their entirety to the rightful owners either in MDX tokens or the equivalent in ETH tokens. Please direct return(s)to the following Electronic Wallet Address: 0xa7D7DC9Eaf57B2F776067762e7665ADFa03Dbd40. Return(s) are demanded to be completed within fifteen (15) calendar days from the date of this correspondence.

Facts and background:

Midex’s Founders, acting on behalf of following companies: Midex IT Limited, a company incorporated in Hong Kong, registry number 2572866, MDX Group OU, a company incorporated in Estonia, registry number 14381075 and We entered into a formal agreement on (insert date of contract) in accordance with United States and International Private Law. Under this 1 agreement, Midex agreed to provide the Ambassadors with sufficient knowledge, materials and any other information regarding the Project in order for the Ambassadors to correctly promote the project to the best of their knowledge for the consideration of 0.1% of the MDX tokens. The team reward has been settled in each personal contract, all public document and White Paper as 5% of all tokens sold.
1 Art. 2, § 2-206, Uniform Commercial Code; and Unidroit Principles 2016

The Ambassadors were requested for the public addresses of their Ethereum wallets and required to sign up to the Midex website in order to receive the MDX funds in their Midex accounts rather than the agreed upon transfer to the electronic wallet of each Ambassador. The Ambassadors successfully completed their assignments under the agreement and were allotted with MDX tokens. Thereafter, unlawfully and illegally, the Founders withheld from the Ambassadors 50% of the allotted MDX tokens and 100% of the team’s tokens.

This action is unlawful and illegal, and shall be prosecuted under Criminal Law unless corrected within the aforementioned time.

Attached to this demand, you will find further evidence of the factual basis of this demand. Note that this correspondence and the attachments hereto will form part of the supporting evidence in plaintiff’s complaint in we are forced to bring this matter before a court of law in the United States and other jurisdictions as we may see appropriate.

Furthermore, We formally inform you that we may engage within our legal rights to seek compensation for damages, tort, and/or any other of economic and moral detriment through the legal means that We deem necessary, including if necessary, a civil class action litigation.

Legal infringement:

– Breach of contract – U.S. Contract Law – U.S. Tort Law – U.S. Civil Law – International Private Law – First-degree offence and class B felony under New York Penal Law Sections 155 – Grand theft felony under California Penal Code Sections 484-502.9 and 503-515. – Embezzlement felony under other States’ Laws of the United States.

Demand:

We, hereby demand that the full amount of 525,522 MDX Tokens, or its equivalent in ETH, be returned to its legal and legitimate owners, the Ambassadors and team to the following Electronic Wallet Address: 0xa7D7DC9Eaf57B2F776067762e7665ADFa03Dbd40 which will be the executor of distribution no later than fifteen (15) calendar days from the date of this correspondence

 

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Better Resolution of the Above Image: http://prntscr.com/l17bvx
Etherscan: https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7

Info: Total Supply: 75 Million

Suspicious Transfer Of 54.95Million around the end of Token Sale: https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0x686ea91b7b1 62f7766d2757ca5cf165f4bc7ebb6

https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0x91fe807a9c5 01dd5928eecaaf3eba49005444edb
https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0xeedd51c0c06 7ed7ad61a1dec1a57d81bbed26556
https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0xb0e6704799e 68add8e74c45b9400a35c5d1bd530
https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0x8c90f19d270 5712e50b00338f08cd7ad83a4ac74

https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0xd1c8d7b9b28 98cca105ae0ce77163ece8473b203
5 Million MDX with some NANJ Supporter(Holding around a Billion Nanj): https://etherscan.io/address/0x5c9b862cc418fb6a9ca0ea153d1be3a2e907a84e

Around 4 Million Transfer done Initially before the Token Sale: https://etherscan.io/token/0xeb72f169016fec42b63ae5e87207f0fb274408c7?a=0xe40fba5b2dbf 0dc76491a33417f9113f823d4614

Wallet Used in the Token Sale Now only contains around 1100 ETH (Around $330K) whereas they raised around $20Million and still no liquidity to the exchange: https://etherscan.io/address/0xcf4c6186f05c3ce9897d9c4e3666ce085e7e888a

No Burn happened, though they advertised heavily and have it coded in the Smart Contract
Shebin John Quoted:
“The complete payment (20100 MDX) was scheduled for April, and on May they paid just half of it, saying there is a forced vesting period for the next few months. As we supported them and wanted the project to succeed, we didn’t deny at that time, even though it was not a mutual decision. Then after months of waiting, they say we haven’t worked, thus we won’t be paid. If we have not worked, then why did they not say a word at the time of ICO? At the time of our first payment? Their motive was just to delay forever as they are now doing with the product, the liquidity for the exchange, etc. You ask them anything, they will have the same answer: soon! and that soon will never reach.”

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If some of the above messages seem out of place it is because they deleted a lot of them. I was able to have one of the ambassador’s take screenshots for me after I was removed and banned for telling the truth.

Then after I had a letter sent to them from my attorney and started the GoFundMe, they launched a smear campaign on me. Even worse, I have been under a constant barrage of spam attacks on all my accounts. I am receiving 1000’s of messages, emails, phone calls and voicemails each day. The reason I know it was them is, the first account that was hit with their 1990’s style DDOS attack was the email that I created and used solely to sign up for their exchange. The rest of my info is public domain and easily found just by visiting any of my social media accounts.

 

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