Back in June Karatbars International investors were being funnelled into an Acua Wellington branded recovery scam.

Whatever Acua Wellington was it’s come and gone. Harald Seiz has now rebooted Karatbars International as MineBase.

I haven’t seen the email myself but, as I understand it, Karatbars International investors received an email sometime in the last few days.

The email advised them their V999 token balance had been converted to MBASE tokens.

Karatbars affiliates were then further instructed to log in to MineBase’s website, using their Karatbars International credentials..

MineBase has been set up on the domain “minebase.com”, first registered in 2014.

The private registration was last updated on July 2nd, 2022. MineBase’s website went live on or around August 11th, so Seiz appears to have acquired the domain in July itself.

Update 16th August 2022 – 
MineBase also operates from “minebase.io”, registered by Karatbars International GmbH on May 1st, 2022. 
/end update

In the “our team” section of MineBase’s website, Seiz is listed as “Dr. H.C. H.K. Seiz”.

“Project generator”,
really?
I don’t know if this is an attempt to mask Seiz’s involvement, make him feel more important… or both.

I’m not an expert on names but the rest of MineBase’s team looks like they all come from the same region.

As to what MineBase is, despite only existing for a few days, the company falsely represents it has been around since 2017.

Welcome to Minebase. This project comes from a situation that originated in the past. It started in 2017 when there was no regulation for cryptocurrencies.

The goal at that time was to create a coin and back it with gold. In 2018 the law was changed by the regulator.

There were new regulations to list a Stabel token. As a result, the project could not continue. It was crucial to me as an entrepreneur to find a solution.

I have been working on it for more than three years now. I hired some specialists, and we analyzed the whole crypto market.

If that sounds familiar, it’s because it’s Harald Seiz’s sob story to explain away
Karatbars’ KGC crypto Ponzi collapsing
.

After Karatbars Charman of the Board Josip Heit went off to launch his own
G999 shitcoin Ponzi
, Seiz attempted to reboot Karatbars’ crypto Ponzi with V999.

Yeah, as dumb as all this sounds that’s what happened.

V999 went nowhere and, other than a
meltdown
in late 2020, two failed reboots (Lifebase and some unnamed project), Seiz lay low.

Seems Seiz might be short of cash, and so now we have MineBase.

Since the tokens are created from the various fees already incurred, no profit is made here on the CTP.

The most important reason for me to make this project successful is to reward the people who trusted me.

Therefore, a total of 45,000,000 bonus tokens were awarded.

From what I can gather, MBASE is an algorithmic stablecoin (
crypto jargon trigger warning
).

After the MBASE is listed on an exchange, the following tool is used six months after

🤖 Quick Answer

What is MineBase in relation to Karatbars International?
MineBase represents a rebranding and relaunch of the defunct Karatbars International scheme by operator Harald Seiz. Investors holding V999 tokens were automatically converted to MBASE tokens and instructed to access the new platform using previous credentials, perpetuating the investment structure.

How did the transition from Karatbars to MineBase occur?
Following the collapse of an Acua Wellington recovery scam targeting Karatbars investors, the V999 token holders received notification of automatic conversion to MBASE tokens. Participants were directed to authenticate on MineBase's website using their original Karatbars International login credentials, facilitating seamless migration.

When was MineBase's domain registered and activated?
The minebase.com domain was initially registered in 2014, with private

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