Good morning.
Well I trully did not expect to be writing this today, I received an email last night telling me Stable Fund had shut down starting immediately.
I was cautiosly optimistic about V2, as in my opinion if V1 did not work V2 probably wont either, but as the V2 of Stable Fund seemed more realistic in their V2 goals I thought it might stand a chance. My expectations were that it would ay least be OK untill the date for unlocking of the initial investment but I was wrong.
There are the usual apologies, how it has been too much to bear, the FUD around the project it is IMO the same things I have heard from other failed projects. They do state that investors will receive refunds as soon as the site is ready to do so and I will update when/if that happens.
I have added the full email below.
As always, thank you for reading and feel free to comment.
Due to the recent events that unfolded, I am sorry to inform you that the Stable Fund will no longer be operational starting now. I know this will come as a shock to most of you and I would like to personally apologize to the Stable Fund community for this sudden action. It breaks my heart to let you guys down like this, but I guess I am not as strong as I gave myself credit for. All the constant fud and threats personally to me and my team have just been too much to bear. I have worked tirelessly on Stable Fund since April cause it was something I really enjoyed doing. Seeing how we were able to positively impact so many lives was such a powerful and encouraging feeling. However, lately, Stable Fund has been fighting a firefight every day. Even though we were doing everything for the best of the community and for the project to last, we are called liars, cheats, scammers and even had threats on our lives and that of our loved ones. These tags may not bother an actual scammer, but to an honest man who has to prove his honesty every living second, it can get very exhausting. I haven't been happy and excited about Stable Fund consistently for a while now and with Hells quitting today I don't think I have what it takes to hold the Stable Fund Flag down all by myself anymore.
Regardless of what you may think of me, we have successfully changed the financial future of most of our investors. I was putting big money out of my own pocket to keep V2 going and will be suffering some huge financial losses as a result of V2 shutting. Having said that, I have always said that no one will lose their funds with Stable Fund and I still maintain that. The exchange that held a large sum of funds of ours is expected to release those funds in the near future. Once those funds are released we will be creating a special landing page for investors looking for a refund. All you will have to do at that stage is enter the wallet address on the landing page that needs to be refunded and the amount that qualifies for the refund will show, hit claim and the refund will be processed instantly. We won't be running a script like we were currently doing, the refunds at that stage will be instant.
I would like to especially apologize to the new investor in V2 who believed in our vision. This was not the plan I had for V2 when launching this project. I know it may not be much but you too can collect your refund once the landing page for the refund is live. I can't thank you enough for the support you showed us.
To all the Stable Fund Warriors, it rips my heart to say goodbye. I have made some amazing relationships with most of you that I will cherish for the rest of my life. To have a group of people that you never met, who stick up for you as you guys did... I don't have words to express what that has meant for me and the team. You guys are some of the nicest souls on this planet and it has been truly an honour knowing you. I hope you can find it in your heart to forgive us for taking this immediate decision. I will truly miss you guys.
We will be closing down all our Social Media accounts now. We will reach out to you via email once the refund situation is sorted and the landing page for the refund is live.