Martin Albert owned and ran an invoice payment service called Lamium, it let you pay fiat invoices with bitcoin. You can hear Martin Albert explain it at the event where we met, starting at 10:16 (this is a classic case of a centralized service pretending to be decentralized).
Here are the facts. In April 2020 I sent ฿4.435 bitcoin to Lamium to pay a 27,616 EUR invoice. I had already checked with Martin Albert that Lamium would be fine with that amount and he told me to go ahead.
8 months later the invoice has not been paid. I have been ripped off ฿4.435 BTC/€27,616 EUR.
By accepting my funds Lamium accepted the responsibility of getting the invoice paid, or if that turned out to be impossible, returning the funds to me. I only request they return €27,616 EUR to me in fiat or bitcoin, although ฿4.435 bitcoin is now worth €83,000 EUR.
Martin Albert claimed that he sent my funds to a crypto exchange called Intarium who had their bank account frozen. He lied that he was sorry but it was out of his hands. Only after I did some digging and confronted Martin Albert directly he admitted that he owned and ran Intarium as well, so it was very much in his hands!
Martin Albert then said Intarium would go through bankruptcy proceedings and we would have to claim the money back through that. When I asked for more details he stopped responding.
I do have email and chat proof of all of this.
Note at 23:17 in the above video Martin Albert is asked what happens if a user pays his crypto but the invoice does not get paid (exactly what happened to me). He says
“In the very very worst case which never happens you get your money back so we have this kind of guarantee that the bill gets paid…you can indicate a date until your bill needs to be paid and we have a guarantee that your bill will be paid by then”.
It saddens me to post this because if not for this theft I would have said I like Martin Albert! He seems affable and seems to have real crypto credentials. But he is also a cowboy; he is dishonest, unprofessional, irresponsible, disorganized and does not meet his debts or keep his promises.
He currently owns and runs Bitalo, a crypto exchange targeting the German speaking market. You should avoid Bitalo and anything else Martin Albert has a hand in.