Bitcoin Forum

I'm new, so I'm forced to post it here. Maybe anybody can copy&paste it at least to the following thread:
"Bitcoin Forum > Economy > Marketplace > Service Discussion > Bitcoin-24.com matching engine seems broken, site down".


Simon, the owner of bitcoin-24.com just explained on his facebook-page last night's hot wallet-activity:

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1. The transcations of today were requested withdrawals.
2. It was NOT a bitcoin-24-staff-member who sent the 465 btc to the hot wallet, but some user, for whatever reason.
So the pending withdrawal transactions were started automatically afterwards.
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A state of the Unon adress by myself :)

Simon is facing hard times atm. The criminal investigation department of the city of Bremen forced the bank to block the Euro-account in Poland.
There are 3 lawyers - one of them a lawyer of Mt.Gox, too - working to get things cleared.
Simon has held out the prospect that withdrawals in all currencies - except for EUR - could be managed asap, since it came out, that only the EUR-account is blocked; they're working right now on a specific withdrawal page and wait for instructions of their lawyers.

The trading engine had no significant problems until the day of the shutdown. The virulent video, on which transaction-doublings etc. are shown, is fake - according to Simon he contacted the user, checked his account and nothing extraordinary was found there.

Last but not least:
If - I say IF - the German authorities happen to realize the dimension of their action and decide to get Simon involved in a money laundering-trial, my urgent proposal would be for the bitcoin-24-users to unite and organize a coordinated defense. Otherwise it could take months if not longer to get the money back from the then closed accounts.

Stand by Simon, folks. I don't know him personally, but I'm finally convinced that he's a good guy, by far not a criminal. He's a young idealist facing a bunch of shit right now, and he's doing all day (and night) long what he can to clear things up.

Here is the whole chat log:

http://pastebin.com/btZt178B (http://pastebin.com/btZt178B)

Very good. Thanks!

the address that paid into the hotwallet has sent money to it before, as well as another BTC24-related account, as i mentioned here


it seems very very odd that a non-BTC24-staff member would send HUNDREDS of BTC in several different transactions. what would possibly be the benefit to them?

can you show some evidence of where Simon has talked about contacting the poster of the bug video? it would be quite the coincidence for him to have hoaxed such a specific glitch 2 weeks before it actually started happening. edit: i have just read some of his newer posts on reddit (http://www.reddit.com/user/TAiS46) and seen it mentioned. regardless - i'm not sure i entirely believe him.

also interested in your first part about the BTC withdrawals being explained on the facebook page - i could see nothing there but have read it in the IRC log.

are you speaking on behalf of Simon here (as your title suggests)? your post suggests otherwise...

Yes please clarify - too many junior members here, myself included. I'm optimistic about things but we need to consolidate things - evidence, communication, updates etc

We know for sure there is a criminal investigation by the City of Bremen?

Could this be checked (not German so I don't know)

i was just thinking this myself, considering gathering all of the information so far and compiling it into one big forum or pastebin post that can be updated as and when necessary. trying to keep track is a ballache even if you're following the main thread, what with Simon posting on reddit, IRC, minimally on facebook and twitter yet nothing really on his site (or on this forum/thread, which is surely the biggest ongoing discussion). i know he has limitations on what he can say currently but making what he CAN share a lot more visible would go a long way.

When I saw that bitcoin-24 had now a account @ the German Commerzbank, I must say that I was surprised that such a bank understood a bitcoin trade company ...

From time to time he is commenting on user entries on his FB-page. In this thread (http://www.facebook.com/bitcoin.24/posts/622658197747732) he explained the transfers to the hot wallet the other day.


No, I'm not. I had a short talk with him on his FB-page after closely watching all his recent comments on reddit. And taking all this together with my "investigations" on him, I've come to the conclusion which I posted before. Of course I might be wrong ...

There's new information on the official website (http://www.bitcoin-24.com) (in German so far).

And I contacted Mt.Gox (https://support.mtgox.com/requests/75484).

I stick to it: Simon is not a criminal.

I can't view the linked Mt.Gox communication, it says:


Please copy the message here.

Here's a board that should keep you up with the latest news.
http://board.btc24-help.com/

It's run by volunteers, but from what I've seen Simon has been in touch with them and posting on the board as well.

This is happening to me too, for all messages.

If anyone has any ideas or solutions, please could they post them here too:

https://bitcointalk.org/index.php?topic=190366.0 (https://bitcointalk.org/index.php?topic=190366.0)

Thank you!  :)