It is alleged that the company has failed to deliver on its promise to “Evolve HybridTerminal Platform into a feature-rich trading platform…” as the development of the platform is null and void, with reports that the proposed systems are non-existent or persistently delayed. As an example, HybridBlock allegedly envisioned a “Learning Hub”, that would educate newcomers to the cryptocurrency industry. This was an educational application released to App Stores (the development of which was reportedly outsourced); however, consumer reports indicate that it contained no learning material whatsoever.

Reports indicate that none of the three product ‘tiers’ originally advertised (starting with a base platform for consumers, then professionals, and eventually large trading entities) has been realised.

Further reports suggest that HybridBlock was intended (but not advertised) as a white label product, copied from AlphaPoint, and not an original trading platform. Why do they need 25m USD if they’re not developing an original product? Reports indicate that AlphaPoint will sell a company a version of their exchange platform technology and permit it to integrate its own branding. HybridBlock’s website (https://hybex.io/) still displays references to AlphaPoint in the page source.

It is alleged that they have accomplished nothing that they set out to do and have no further updates for the future. Reports show all roadmaps and milestones end in September 2018 and nothing more is planned.