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Don't know what to do !

Expect the coins to be gone. It is highly improbable that Ukyo will honor the terms of the loan as he has shown criminal behavior, and borderline mental illness in his attempts rationalize his behavior.

Look at the facts:

1) Ukyo lied about all the coins that were being deposited to WeExchange being unavailable due to a technical error.

2) Ukyo owes millions of dollars of BTC to users who deposited to WeExchange and has not given any reason beyond 'the coins are gone'.

3) Ukyo continued to accept deposits to WeExchange for over 2 months, knowing fully that we has unable to let anyone withdraw the BTC they deposited.

I think it is safe to say after reading 1000s of posts on the subjects that it is most likely that Ukyo treated deposits to WeExchange as his own personal wallet. He then made some gambling investments that blew up in his face at lost all the money.  He lost money on Labcoin, Active Mining, and likely sold BTC into cash thinking that the high of $260 was a good time to sell, when in reality , it is probably never going back to this figure again. Of course I can't say I'm 100% -- the only person who knows is Ukyo and he is conveniently not telling. Which should be a red flag.

He is thief and what he did was not only unbelievably stupid, it was just plain illegal.  It is not even a matter of factors out of his control, he simply stole and lost millions of users' money. It is quite the mess.  

If you are going go the route of legal action the good news is his identity is known.  The bad news is a) legal action is expensive  b) it is unlikely to recover much funds as he likely lost much of them.  At the least though it would be satisfying to see him criminally charged, forced into bankruptcy, and have to tell us (finally) in a court of law what he actually did.

He's been buying for time now for 2.5 months, but it looks like finally people are starting to realize that they've been ripped off, and the house of cards is starting to crumble.

No, it's not Ken's job to distribute the coin.

What he has said is that he is using Company and Corporate law to declare lien upon Ukyo's ACtM shares. Ukyo has accepted all the shares should be sold. Ken has also said he is selling the shares to recover ACtM losses and according to the laws of lien he is entitled to recover only ACtM's losses and costs. Any surplus (shares or BTC) will be handed over to a third party I would assume. Ken does not have the time to organise distribution himself.

Edit - he has taken legal advice on this so is following that advice.

That's all I'm going to say on this on this thread, if you want to keep checking the ACtM thread for updates please do.

I think if ukyo didnt pay me back in 2 months im sure his "plan" didnt work and i will go the court way... This amount of time surely should be enough to code his solution or whatever he does. If the timeframe went by then im sure he cant solve it.

Investing it into ACtM was illegal but a decent bet - as we now see.

Gambling the rest of it on the markets was very very stupid and also illegal.

Multimillion dollar fraud only ends one way - Jail.

That's why you will never see Uyko again if he gets his hands on these shares. Not unless you visit Mexico.

Ukyo sold the coins on an exchange at what he thought was the top of the market back in October. I've posted on the 'Fall of Uyko' thread about this today. He planned to buy back all the coins plus more for himself at a lower price than he sold for. It was a big big gamble with someone elses money.

Hey Ukyo,

on https://amclaims.weexchange.co/ it still says that an update will be posted on or around the 20th. I would like to transfer to Havelock. Are you going to open the Claim Portal again?

Thanks!

Where exactly are those BTC today?

Stop bullshitting.

You cannot payback your customers/creditors and this means you are bankrupt and your assets should be liquidated. You are stalling this process to pocket money that belongs to other people. There are laws against that.

+1

Maybe Ken should set up an "ActM Claims Portal" and let Ukyo withdraw a few Satoshis...

until ukyo comes clean about what happened to the coins I will assume he stole them.  there can be no legal reason for keeping this info secret. he is merely trying to dodge the consequences. most likely he ran his business like a gambler, playing with our money and losing while trying to buy time and hedge his bets, until BF went down and his source of gambling money dried up and now hes cornered and empty handed.

even when there are legal gag-orders or strategic business related reasons to with hold info, you can still give vague descriptions of the situation. The press does it all the time. Ukyo is obviously hiding something. user virtualspade found a good lawyer versed in digital law and familiar with the bitcoin ecosystem. He is working on the labcoin scam right now. I suggest class-action here guys. Others have already placed liens on some of ukyo's properties to recoup losses, get in there before there is truly nothing left.

Yeah, selling your house and car and get a loan will also help.

@Uyko:

dude you disappear with funds that don't belong to you for MONTHS with no plausible explanation whatsoever as to what happened to OTHER PEOPLE'S MONEY and then you have the nerve to come in here and troll?

gimme a fucken break. At least here you know where your shit is and that it still exists… you cannot say the same to other people.

You've got quite a mess to clean up. I suggest you GTFO of here and look somewhere else to do that job. Stop side stepping the issue.

Ukyo what has active mining have to do, at all, with someone, like myself, who deposited money to wexchange then could not withdraw the btc.   How can you conflate these two things?  There is no link that I can see.

You can't just accept deposits from people then keep their money  (...like do I really need to describe this to you? Apparently).  What you have done is called thievery and there are repercussions.

Your information is public, you will not be able to hide from this.

Just throwing this out there. But whoever is buying shares on Crypto Trade right now is basically giving Ukyo a premium for his shares. $8 a pop. Now honestly, I think Ken should put Ukyo's shares on some lockdown until Ukyo pays Ken or they work out some other civilized agreement. From that point forward Ukyo should have full access to his remaining shares to do with as he pleases.

Ken doesn't need to spend anymore time on this issue. Why fight over 106 BTC when he believes (a lot of people on this thread believe) that there is a bigger fish in the pond (getting these chips made; sold and mining)