A mysterious tattooed “serial entrepreneur” with a series of failed startups is behind a cryptocurrency service that has collapsed thousands of people due to ferocious traders.
Jaryd Koenigsmann’s myCryptoWallet, one of Australia’s most famous alternative currency platforms, was liquidated last week.
The exchange once boasted 20,000 clients, many of whom were unleashed on social media over the past 18 months due to lack of access to funds.
MyCryptoWallet was launched in 2017 as a digital marketplace for buying and selling cryptocurrencies, but was investigated by ASIC after user complaints began in 2019.
Konigs-Krösmann, 28, was called “Cryptographic Pioneer” and was once nominated for one of Melbourne’s most promising young entrepreneurs.
However, young businessmen have been silent for the past few months, making it virtually impossible to find on social media.
Meanwhile, it became clear that he was involved in a series of failed tech startups, including an online pet classified advertising business.
Koenigsmann launched MyCryptoWallet in 2017 as a digital marketplace for buying and selling cryptocurrencies.
He told the blockchain show podcast that he had invested more than $ 40,000 in the cryptocurrency Litecoin.
However, he claimed to be dissatisfied with the customer service of other crypto trading platforms and the speed of their transactions.
Angry crypto investors used social media to express their dissatisfaction with the collapse of myCryptoWallet and not allowing access to all funds in their accounts.
The collapse of myCryptoWallet, launched by Königsmann in multiple media, has raised further concerns about the unregulated nature of the crypto market.
His new venture, which he claimed to have funded by selling his car, was investigated by ASIC after user complaints began in 2019.
Since then, traders have argued that they have not been able to reclaim some or all of their funds from myCryptoWallet.
Some users claimed to be out of their pockets between $ 5,000 and $ 40,000.
There is no suggestion that Koenigsmann is responsible for the user’s lack of funds.
In 2018, he was hailed as one of Melbourne’s most talented young entrepreneurs and nominated for the Business News Australia Melbourne Young Entrepreneur Awards.
The nominee said he “immediately became a successful serial entrepreneur” in his work at Collingwood’s hot desk hub called myCryptoWallet and two other tech start-ups, NodeCoworking and myNewPet.
In 2019, Koenigsmann talked about myNewPet, an online pet classification service, as a way to eradicate puppy farms by verifying the identities of buyers and sellers.
“Our mission is to improve animal welfare globally,” he told Herald Sun.
He claimed to own “all animals in the sun-goats, alpaca, dogs” and was photographed with five sausage dogs.
The Melbourne-based exchange myCryptoWallet has been liquidated and its tattoo founder, Jaryd Koenigsmann, remains silent about the company’s long-standing drama, although there is no indication that it is responsible for the lack of funds.
In an interview in 2019, Konigs-Krösman called his new service “the safest and most advanced pet advertising in the world.”
In a 2019 interview with Smart Company, he called his new service “the safest and most advanced pet advertising in the world.”
However, myNewPets was liquidated in September 2020 with a debt of $ 43,138, despite claiming support from the UK government and trying to secure $ 2 million in support.
Creditors reported that the company had no income in fiscal year 2019 and “looks like bankruptcy,” Courier-mail reported.
The node coworking that Konigs-Krmann was previously involved in was sold to a new owner in mid-2020, 15 months after its opening.
It is traded under a new owner but is not currently occupied.
A man who was doing business with Mr. Königsmann claimed that he was “creative” but “not focused.”
“He looked like a lot was happening.”
In 2019, he was also hailed as a Bitcoin pioneer on his web blog. [one of] Five people who are against the banking system.
Koenigsmann sold Node Coworking in 2020, partly due to a pandemic, after a failed takeoff and the hub remained quiet.
That year, National Australia Bank closed myCryptoWallet’s bank account, but reportedly quickly reinstated it.
Brisbane Bankruptcy Specialist Terry Grant Van der Velde of SV Partners has been nominated as a liquidator of myCryptoWallet in a notice issued by the Australian Securities and Investment Commission.
The SVP urged “all affected customers and affected parties” to contact and confirmed that they are planning to sell myCryptoWallet’s “technical infrastructure.”
The first creditor report on myCryptoWallet will be available on December 17th.
Konigs-Krösmann is also understood to have put his Melbourne home for sale for $ 1.3 million in July 2021.
Mr. Königsmann did not respond to requests for comment.
A mysterious tattooed “serial entrepreneur” with a series of failed startups is behind a cryptocurrency service that has collapsed thousands of people due to ferocious traders