The 'legal reasons' why ukyo doesn't want to tell us what happened to our deposits is most likely in self-interest.  I.E  it isn't another legal entity that is preventing him from telling us what he did to the coins, but instead it is more likely he just doesn't want to tell us because it would increase his legal liability.

I.E again he doesn't want to say "sorry I was gambling with all your money that you deposited and lost it because I'm a pond-scum scam artist,  and didn't let people know I couldn't pay them back because I wanted them to keep depositing so I could pay interest on loans I took out"  rather than that, it serves him better to say something like "I can't say what happens because of legal reasons". It's completely self-serving.

Again this just seems the most logical and reasonable guess to be made at this point, judging from what we have seen, and what he has said, and what he has shown with his actions. It's almost been over 2 months...it's sort of a joke we don't even know what happened.

Furthermore I don't think legal recourse would be effective at all in this situation but sure would at least make me feel better at the $1000 I have lost. If I was American or had more than $2000 lost here I would be headed to Texas, but I'm not, so am just going to try to get about $100 worth of bitching about this in to make me feel better.

Hi guys I'm completely unfamiliar with trade fortress.

Could someone give me like a one or two line account of what happened here? 

On a side note the amount of scams in Bitcoin is really getting ridiculous. After my latest scamming, losing money deposited to bitfunder, I'm given up trading and any exchange or security and won't be back until a decentralized market is set up, I recommend folks to do the same. Can't stand scammers they drive me crazy.

I hope so man, but talk is cheap.  This may be the case. But doesn't it worry you that we haven't even heard of what happened to your massive investment of coins at this point?

200 btc is a lot of money I don't know how you can be so nonchalant about it. Sincerely hope you get it back but I guess I'm not as trusting as you, all the signs look really, really,really bad here.

Can you guys stop squeezing more hash out of your KNC's please? I'm getting really jealous...!

It's a gamble. Basically KNC is the safer bet, CoinTerra is the riskier one (with more reward). That's all it comes down to.

I lean towards CoinTerra because in the world of BFL's 'pre-orders coming in 2 weeks', KNC's reliability can not be understated. Cointerra is unproven at this point.

After waiting 3 months for my Avalon to arrive I'm personally never doing preorders, but ya, KNC is about as reliable as they get and much better bet than many other makers, such as Avalon.

I don't know how they compare to other asics as this is my first, but really, they are generally easy to set up I think for most people. Keep in mind only the folks with problems post here mostly, not all the others that only spent 5 minutes setting their's up.

I've had a lot of trouble with mine but even still think it was a good buy and am running really well now after some fussing about. Been awhile but I think it was about the same amount of fussing about as getting GPU mining going smoothly when  I started.

Wow good work on the hacking guys.  a 18+GH Jalapeno is a sweet overclock. Nice work...

My cube miner has been a lot of problems

Had all those problems getting it working in the first place. THen it worked for a few days okay.

But now the hash rate is really low. It averages around 26 GH on low and on high crashes with X X X X X X X's. Sigh.

I swapped PSU's to a 500W Gold certified with 30A from a 700W PSU and no change.  Sigh... !

edit: My BAD, my cube GOOD.  Seems my mining proxy running on one of my GPU mining rigs either desperately needed a restart or was just too over-burdended to feed the cube fast enough.  Now I'm hashing at 32 GH at low clock speed setting. Going to move the proxy to a mining-free computer and get my Seasonic 1200 W and now I'll really be able to see what this baby can do (currently can't maintain 'high', but thinking in proper settings my cube may even hit 39 or 40 GH on high )...

Good work on RSM

I got out two months or so ago because I needed some BTC but been following, and looks like the growth plan is going great.

Ya this is exactly what I predicted would happen a few weeks back. We will get a bunch more 'updates' that tell us nothing until they just stop altogether. I call it the 'BFL it's coming in 2 weeks' manoeuvre.

Let's look at this really simply. Dude is responsible for over 2 million. That's a lot.  He won't even tell us what happened to them. Why could he not tell us? What valid reason could their possibly be for not telling us what happened.

First it was a 'bitcoind problem'. The money was there he just couldn't get to it. Now over a month later this has changed to 'the coins are gone'.

So I'll make another prediction for some of you with your heads in the sand.

We'll get another update saying that 'big news is coming in a week' and then when the big news comes again it'll be along the lines of 'We are getting close to a solution but we can't talk about it. We should have this wrapped up any day now! Will post an update next week.'  Then two more of those, and in a 1.5 months or so he'll disappear. All the while people could have actually done something but where strung along.

(I'd be THRILLED to be wrong.)

Hehe you must be new to this... Welcome to the world of mining.

Mining is mostly all about making as many coins as you can at break-even or a loss, and then selling them when the price is high in the future for a profit.

You can't make much money selling coins as soon as you mine them. Whether this was when coins were 2$, $200, or $2000 bucks.

I sorted a figured we would see a price crash with then a stabilization around $700 and it looks like I was right, at least so far.

Thing I wanted to point out though:  I don't even know if we can this a bubble and call this a crash of said bubble.

If you consider 30 days ago we were at less than $200 and now (at least currently) have stablized at around $700 then that isn't so much a bubble and crash in my opinion. More than tripling in price for something in 30 days is more of an adoption curve or a success story than it is bubble and a crash IMHO. 

If the price dropped to $300 bucks or less then you could call it a bubble. IMHO November was an awesome month for Bitcoin and neither a bubble or a crash terms really apply here.

Well this was the last straw for me . I'm no longer going to be trading or investing in any exchanges or securities.

I thought I was avoiding illegal seizure of my money by keeping it out of banks. So much for that...so many scammers in Bitcoin in really hurts folks' ability to involve themselves in the economy if they have to worry about getting ripped off all the time, which apparently, they should be worrying about.  

Ukyo takes over 2 million bucks and doesn't even feel enough pressure on him to even tell us what happened or why he stole it.  Just a "I'm in Cyprus now guys message thanks for waiting for your money you safely deposited to me !  Got to go hookers and blow here now thanks for your btc. Maybe in [+ (1-12 RND DAYS)] you'll hear an update about an update k thx.  "

I'll happily take this all back if I'm wrong....but this is following so many other scams' footsteps that it is hard to be optimistic, from experience.

I just don't think we are in a sustained bubble.

I think we'll see a 'crash' but I don't see prices going lower than $600 anymore.  And if it falls to $600 I personally don't think that's much of a crash, considering less than 60 days earlier we were at what, around $175.

It isn't a one-trick (gox) pony show anymore. I don't think we'll see a nose-dive this time around, even though I think BTC is over-valued right now.

Right on man thanks for taking the time to do this.

1) This situation has never not been in the case.  I.E difficulty has been sky-rocketing most of Bitcoin's history. No one knows the situation much better than Friedcat.

2) Many folks see the announcement as a positive.  It depends on how it is interpreted.

I rode Asicminer shares from around 4. btc to .5 btc over a few months...but now the shares are looking attractive to me again at .3 because I think the right new gen chips Asicminer could do really well again. [Catching up on my AM readings...]

He's responsible for more than 2 million bucks here, and he doesn't even feel enough pressure on himself to warrant his time even explaining what he did with all this money.

I'm using a mod stream pro OCZ 700W modular psu. It's not a great PSU but it should not have any troubles supplying enough juice for the cube.  More of an issue, possibly, is that my apartment is pretty old maybe there wasn't steady enough power from the household fuse i'm running it from.  I never did really figure out what the problem was or how I fixed it but it's still mining smoothly now at 36GH so I'm keeping my fingers crossed.

It seemed like it was some sort of communication error with the proxy but that's just my best guess. Did you try the cube's reset button? Maybe the software is just hung up on something. Sorry I can't offer much more help, it's tough to troubleshoot without logs and such.

Also maybe worth mentioning: I changed the default gateway from the default gateway IP to 0.0.0.0, as I saw other folks running it with 0.0.0.0.  Again have no idea if this what changed anything, but it couldn't hurt to try 0.0.0.0.

It really does... making money is not that hard that you purposelessly should be ripping people off.  I think a more honest way would be to rob someone in person with a gun than do these stupid scams. They hurt all of bitcoin because it makes people less and less trusting which in turns will grind a lot of the bitcoin economy to a halt. Fucking hate scammers with a passion, I wish people would punch them in the face.

It's pretty simple. OP is owed money. bitcoinsports.eu doesn't pay money.  OP got scammed.  What doesn't makes sense here ?

Like Ukyo and WeExchange, you can't accept bitcoins without being able to pay them back. That isn't right, that is a scam. If they don't have the capital to pay back people who win bets that it is an illegitimate place to place bets.  It's not as bad as WeExchange where no gambling should be involved at all, but still it's a scam.