Ilgamos CEO Geza Kapitany has informed investors that their ilcoin wallets have been frozen.

The stated reason for the freeze is an attempted hostile takeover by the ilcoin developers.

Ilgamos
launched back in 2015 with OPR Ponzi points and ilcoin.

OPR was soon dispensed with to focus on ilcoin. Five years later ilcoin is just as pointless as it was when Ilgamos launched. It’s public trading value has steadily dropped this year from just over 4 cents to around 2.7 cents.

Since inception, Ilgamos has maintained ilcoin was being developed by a separate entity. This is despite ilcoin serving no purpose outside of Ilgamos itself.

Personally I’ve just gone with Ilgamos == ilcoin, seeing as ilcoin devs worked for Ilgamos itself.

In an email sent out to Ilgamos investors on May 10th, CEO Geza Kapitany (right) advised;

the ILCoin Development Team blocks the ILCoin wallets, restricting ILGAMOS to send their ILCoins to their partners.

We are facing the fact that ILCoin Development Team resctricts the legal and lawful operation of it’s parent company and its principal, ILGAMOS.

By restricting the free movement and use of ILCoin – which are owned by our company and thousands of people – the ILCoins have actually been taken hostage by the ILCoin Development Team.

With this step, the ILCoin Development Team tries to blackmail the entire ILCoin ecosystem, including Ilgamos International Ltd.

Kapitany went on to state Ilgamos “is about to resolve the issue”, which appears to revolve around charges against the ilcoin development team.

ILGAMOS delegated an investigation group of Hungarian-Austrian and German experts, to bring a charge against the contract partner of ILGAMOS, the leader of the IlCoin Development Team, “Batmin”, i.e. DANIEL GYENES by birth, and his partner NORBERT GOFFA at the Hungarian and Austrian authorities.

I am confident that the system will be restored fast as a result of swift regulatory action.

Assuming that’s not just straight up bullshit, maybe Hungarian and Austrian authorities could also look into Ilgamos operating as a Ponzi scheme itself.

Pending resolution, Ilgamos suspended new investment and withdrawals.

In a followup email sent on July 9th, Kapitany lashed out at “malicious and incompetent persons”, who he claims “published false allegations and misleading information about Ilgamos International Ltd. and me”.

Kapitany doesn’t go into details but did allege ilcoin developers were holding wallets for ransom.

The persons who performed the illegal blocking, have informed me through my lawyer that they would only make the unblocking procedure, if I paid them 2200 Bitcoin (app. 18.000.000 €) and handed over the company to them for free.

Otherwise they made sure that I would be reported to the police in many countries in the world, they have published several invitations for this purpose on their Telegram channel.

Kapitany claims he refused, prompting the ilcoin devs to try

to turn thousands of people against me in

🤖 Quick Answer

What caused Ilgamos to freeze investor wallets?
CEO Geza Kapitany cited an attempted hostile takeover by ilcoin developers as the reason for freezing ilcoin wallets. The freeze was announced via email to investors on May 10th, representing a significant operational disruption for the cryptocurrency platform and its stakeholders.

How has ilcoin's market value performed since Ilgamos launched?
Ilcoin's public trading value declined substantially throughout the year, dropping from over 4 cents to approximately 2.7 cents. This downward trend reflects persistent concerns about the cryptocurrency's practical utility and long-term viability within the Ilgamos ecosystem since its 2015 inception.

What is the relationship between Ilgamos and ilcoin developers?
Ilgamos has maintained that ilcoin development occurs through a separate entity, despite ilcoin existing primarily

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