ALT.xyz -BEWARE of the tactics and practices used by ALT auctions and vaulting services!
In April 2025, ALT.xyz issued me a collection notice for a $18,981.40 balance tied to a card I did not actively click and submit the winning bid on. Instead of reviewing my proof and further investigating the clear error in their software, ALT chose to insult my bidding practices, financial standing, and personal character. This egregious mistake, coupled with their unprofessional response and handling of my account in the weeks following this fiasco, prompted me to file a lawsuit against the company. ALT's actions reveal a disturbing pattern of unethical and immoral business practices, prioritizing profit over integrity, even at the expense of falsely accusing clients like myself, who entrusted them with approximately $3M in assets.
The recent cancellation of ALT's auction that stripped winners of their won items, coupled with their unwillingness to be transparent and forthcoming, further underlines my concerns regarding their seemingly unethical business practices. As a client / account holder for 1.5 years, I have documented extensive evidence of ALT's misconduct. Today, I am compelled to reveal the truth about their operations, including details I have kept private until now. My aim is to protect others from falling victim to ALT's deceptive practices. This statement marks the beginning of holding ALT accountable for their actions.
Below are links to documents and other pieces of information relating to all of this:
Timeline Information:
- September 25, 2025
- Response to C&D part 1 coming up now...
- ALT issues C&D demand letter
- September 24, 2025
- September 23, 2025