This whole situation is horrible, but it's not worth somebody's life.
You and I have differing opinions. Several hundred thousand dollars is certainly worth more than a person's life. Murderous fucktard alert lol BTW, the US government actually has hard numbers that they assign to the value of a human life. The EPA currently has a statistical average value of a human life pegged between 5 and 7 million US dollars. Hmmm, I wonder why the Octomom (woman who had 8 babies at once after already having 6) is currently having to strip to make ends meet. At what age does this value kick in? A better example: Let's say a forum member is very lazy and does not want to work. He threatens to kill himself unless we donate to him a million dollars worth of bitcoins ( an extreme value based on his worth of $7 MILLION!). Obviously we don't do it. Does that make us all murderous fucktards? |
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This whole situation is horrible, but it's not worth somebody's life.
You and I have differing opinions. Several hundred thousand dollars is certainly worth more than a person's life. Murderous fucktard alert lol |
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This whole situation is horrible, but it's not worth somebody's life.
You and I have differing opinions. Several hundred thousand dollars is certainly worth more than a person's life. |
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More gross negligence then. They can't use customer deposits to pay for legal defense, so what is their excuse for not paying refunds? Childish revenge? |
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We want to make it clear we won't stand for the business owners to steal from us, directly or indirectly?
How many of these cons do you want the community to endure before we take a stand? The money is already gone -make those responsible for losing it pay.
Do you have any proof of the fact that they're stealing from you? If not, the most you can do is "gross negligence" as to be practically criminal. Anything beyond that is just tinhattery. Remember, stupidity on an epic scale is really indistinguishable from malice. Every day they don't contact the police is gross negligence. As officers of a corporation, they are required to protect the corporation. Not calling the police is a derelict of duty, and they will be held responsible, civilly at least. As for the proof, it is coming together. For example, they had two factor authentication turned on for their MTGox account, then for some reason they turned it off before the "theft" occurred. |
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What exactly shall be the goal to be reached by legal action?Please clarify! - (1) we want to destroy Intersango exchange
- (2) we want to ruin Core credit finnancially
- (3) we want to destroy the reputation of Zhoutong, Tihan, Donald, Patrick and Amir and turn them into "persona non grata"
- (4) we want to destroy the economical existence of above mentioned people
- (5) we want to force those folks to collaborate with the police to chase the hacker(s) and put them in jail
- (6) we want to construct a case of precedence, so that in future no 17-year old entrepreneur without proper business education and governmental approvement can start a hightly profitable business.
- (7) we want to get our money back
We want to make it clear we won't stand for the business owners to steal from us, directly or indirectly? How many of these cons do you want the community to endure before we take a stand? The money is already gone -make those responsible for losing it pay. |
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I believe that one must use key/secret authentication in order to withdraw.
Bitcoinica has an account with Yubikey, and we had to set up another account for automated Mt. Gox code withdrawals till recently.
Now we are using key/secret authentication to process withdrawals from our main account directly.
So the key/secret authentication was in place and turned off before the "theft"? |
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It's good to hoard, that is BTC made for
So far, the network is maintained by the people mining coins, after all the coins were mined, there will be problem to maintain the block chain, the transaction time will dramatically increase, so I anticipate some time later a change to the code is unavoidable, if BTC is going to survive for the long run
The coins will never be all mined. The reward will just keep dropping. |
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Smart thing to do, but of course it won't save you from any criminal or civil actions against the company...
His age and possibly location will protect him from any civil actions against him. The only way a criminal action against him would have any bearing is if he was directly involved in the thefts which is highly doubtful. Why is it highly doubtful? He knew all the passwords, he designed all the code. It's actually probable he stole the funds, with or without the knowledge of the rest of them. |
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What else is there to say, really?
July 15, 2012 - We are sad to report someone has broken into our home and taken our laptop containing the cold storage wallet for the remainder of the bitcoinica funds. We didn't think to encrypt the wallet because we thought it was safe. Sorry  |
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I wouldn't bother - it has a low rating...  |
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Smart thing to do, but of course it won't save you from any criminal or civil actions against the company...
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All the more reason to sue.
Right now they are broke because the coins and cash have been moved internally and announced as theft/hacks. The first thing a lawyer will do is get a police investigation going, which will lead to criminal charges and the recovery of said coins/cash.
Don't believe for a second this wasn't an inside job. The lack of police involvement pretty well proves it.
does it though? i'm trying to imagine going to the police about something like this. can you imagine trying to explain to them what bitcoin is, how it works, how you were "hacked" and lost money, etc etc. would introduce nightmarish bureaucratic hell to one's life and wouldn't exactly help "solve the case" makes no sense to me whatsoever. Really? Then have the police tell me they don't understand it, not you. Using this an excuse for lack of police involvement is nonsense. The police have not become involved because they could get IP logs from ISPs and trace them right back to the inside job. |
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You wont get your BTC, but you may be able to get USD.... But I highly doubt it. These people are already broke... Patrick and others have already started this.... Once they go bankrupt, you aint getting shiiiiiit.... Remember tho, you wont get the value of btc today or in the future...You'll prolly get the same value of btc when it was hacked, which was around $4.30 if I remember correctly. Good luck! All the more reason to sue. Right now they are broke because the coins and cash have been moved internally and announced as theft/hacks. The first thing a lawyer will do is get a police investigation going, which will lead to criminal charges and the recovery of said coins/cash. Don't believe for a second this wasn't an inside job. The lack of police involvement pretty well proves it. |
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MtGox support reminds me a lot of eGold support... they knew when the scams were going on, but they would never tell you cause they were in on them.
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I don't want to come off as minimizing the impact some of the losses have on some of you, but I also would hate to see somebody's life ruined by jail time because of negligence.
You don't think a million dollars is worth time in jail? The directors on that board continue even now to act against the best interests by not calling the police. They deserve jail time! |
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did anyone else find it ironic that this happened on friday the 13th?
Nope. But I don't believe in a sky fairy either... |
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In the US, an officer of a corporation is required to do whatever is necessary to safeguard the assets of said corporation.
I'm not a lawyer, but I believe Genjix *purposely* refusing to call the police will make him criminally liable, and for this fact alone he could face jail time. Make sure you pursue this with the lawyer. I don't have enough invested to make this worth my while, but I wish you the best of luck.
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You should really keep the funds for when the intersango guys try to sue you:(
This is not your fault.
They can't sue him - he is a child. And how do you know it's not his fault? He had more inside knowledge than anyone and it would have been easy for him to hack in and steal the coins and destroy the database. The police were never called for some reason... |
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Last thing I heard was it took weeks to transfer 1000.00 dwolla, weeks for SEPA transfers.. When did you start processing INSTANT 40K USD withdrawals?
Very good point. This +1. Since when is MT.Gox so efficient? +1 from me too, it's a very interesting question And here I was thinking Mt. Gox was a ponzi about to go bust... Hmm... I think MTGOX should explain how they were able to transfer money so quickly. Maybe they were involved in this inside job... |
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