Breaking Crypto News: The end of ExpressCrypto

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Express Crypto is no more!

It is with a heavy heart that I write this post. I was hoping when the time came this post would be about how ExpressCrypto is back and online and I was still earning passive income this whole time and now I have a little nest egg of crypto. That is not the case.

First lets give a little history to the situation at hand.

Express Crypto is a micro wallet site. It was utilized by a lot of Faucet sites. You created a ExpressCrypto account and then would login to various Faucet sites and when you earned your satoshi's on those Faucet sites it would pay into ExpressCrypto. In Express Crypto you could withdraw your funds, you could stake various cryptos. There was a lot of options you could do.

I have found memories of ExpressCrypto because it is where I got my SHIB INU and some decent LTC and RDD.

Now around December 24nd, 2021 the site seemed to be offline. And there was no word as to what was going on. 

Around the very end of the month they updated their website to include these 2 lines updating us as to what was going on:

- 2021-12-28: Transfer hard disks to special recovery company.

- 2021-12-29: Special recovery company working on the restoration of both disks.

It seemed odd to me for a few reasons but I was not going to jump to conclusions just yet.

Then in early January they updated their site to add this line:

- 2022-01-04: Due to the holidays, there is no update from the company.

It seemed liked it was delayed communication but at least they were communicating with us. But after this update things started to get more odd and my brain started to go down rabbit holes. 

I work in the IT sector so Database servers are not new to me and how to properly protect and back them up are not new to me either. What struck me as odd was that they had to get a 3rd party vendor involved to try to recover the data on 2 Solid State Drives. So at home all the data I want to protect is protected at LEAST on 2 separate Hard Drives and sometimes many more. This is a company running a business with a lot of data and they only have 1 backup drive. Seems fishy..

What's more is that our use data is on those drives. What sites we go to. How often we go to sites. How often you get payouts and to what addresses we get payouts to. And that data was handed over to a 3rd party. Now I get that things happen and steps need to be taken but it just wasn't sitting right with me at the time.

I also started wonder if they were on the receiving end of the Log4J attack or some other malicious attack and they took the site down to try to recover data without paying a ransom for it. We will never know.

Now today I woke up and upon doing my morning routine of Faucets and Crypto games I checked ExpressCrypto like I do every morning to see if there was any updates. And lo and behold there was. And it's not a good update.

- 2022-01-19: We have received the final response from the recovery company.

"It is with regret we inform you that after the diagnostics performed by our engineers we have found the damage to be too severe, deeming this case unrecoverable.

- SSD doesn't detect because of a failed controller chip

- Controller model: SM2258H

- There is no support for this controller model in the data recovery industry"

Due to this situation we will process to the liquidation of balances, fill out the  with the required informations.

Last date for filling the form is: 30-01-2022

—The ExpressCrypto Team

So with that being said Express Crypto is no more. They were unable to recover the data on their 2 Solid State Drives. I applaud them for giving some error details that us geeks love. I wish they gave us more details throughout the process and not waiting at parts 15 days between updates.

And while Express Crypto is no more I have to highly applaud them for their action afterwards. They have created a Google Doc for people to fill out and estimate how much crypto they had in their site when it went down. I am SURE people are going to lie and say they had way more then they did and I am also sure ExpressCrypto would put this form out unless they had some way to semi cross verify the data. Maybe they had exports from a few weeks before of accounts and total crypto. So if you had say $2 worth of crypto and now you fill out this form and say you have $4,000 they will know you are lying. I for one filled it out with as honest as I could guess to how much crypto I had at time of it going down.

It's sad to see them go but I understand that shit happens. Now if you have used Express Crypto in the past, you have until January 30th, 2022 to fill out the form and hopefully get the funds sent to your BTC wallet. It kind of stinks I won't be getting my LTC, SHIB or RDD and just BTC but I can't complain too much because them even attempting to pay us is commendable.

Regulation and Society adoption

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