From their site:
Dear clients!
We would like to inform you that the IVUGEO project would continue.
In the course of the last few weeks the company is Ovens Investment S.L two investment groups about how investment inputs and continuous continuation of our members in the new structure of the project IVUGEO.
Negotiates with most of it, in order to compensate for the financial losses of clients occurred with several hacking attacks. These walking, attacks which have been continuously throughout the year 2015 undermined the financial structure of the company Ovens S.L Investment project IVUGEO, which was referred to the competent authorities.
Negotiations with the investment group is in the stage of the analysis of their financial inputs for our conditions that each Member that has the active contract can continue. Other members will be properly paid, and get maybe for their continuation in the project with the new distribution Division, the new layout and the new coowners of the project IVUGEO.
Today we can say that if I continue depends on the IVUGEO activity of the individual members.
Warning: the 25.01.2016 the project will be suspended until the end conclusion of the contract with the investment group.
On the further course of the transformation of the project Ivugeo you can get informed on this website.
With the best regards Daniel Nogol
Well damn, it seems that this project might be over after all (at least for now). The hack attacks on the coin were a huge setback, there is no denying that, especially the one that caused the fork/banning of the hacked funds. The loss from there was big but wasnt the amount you had in gold like 3.4 mil ? Or a pretty huge amount. Pretty sure those funds could have salvaged the operation, business because with plans so big, a setback of a few thousand $ cant be so devastating. (it could be more ofc but still)
