Warning! Avoid doing business with Wattum Management!

KURTBOURDAIN
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Warning! Avoid doing business with Wattum Management!

Without getting into the fine details, I felt I needed to warn others of the potential issues that could arise when doing business with Wattum.

Earlier this year, I entered a purchase and hosting agreement with Wattum. The total hardware purchased was approximately $95,000 with an expected launch in early July 2022.

Following several hosting delays, both parties decided to terminate the hosting agreement in late August 2022 with the expectation that they'd send me my purchased hardware.

Unfortunately, when it came time to ship my miners, Wattum didn't actually have my hardware. I informed them this was a breach of the original purchase contract, which specifies that the miners purchased at the time of the agreement were within Wattum's possession and control - which was clearly not the case. I then promptly asked for a refund.

Now for the past two months, Wattum has repeatedly asked me to accept alternative equipment. They typically either email or text me a new offer every 2-3 weeks, then ghost me every time I ask for a refund. They are essentially holding my money hostage until I accept a new deal. Money which they were never entitled to in the first place.

I am definitely not the first person this has happened to with this company (https://www.reddit.com/r/Bitcoin/comments/tq9wup/buyers_beware_of_wattum_management_inc/) but hopefully I will be one of the last.

I have filed wire fraud charges with my bank and am in the process of ironing out details with a Lawyer. Next steps are filing a police report, FTC complaint, and potentially FBI complaint.

I will continue to update this thread and pursue all legal means as necessary until I receive my money back from Wattum.