As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.
There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.
All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.
Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.
This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.
That's not nearly satisfying, and not nearly what we deserve. @Danny, Ukyo, whoever You should consider to come out with the true story immediately. @all who are missing BTC, fiat, shares, whatever We should consider what we want to do. I suggest to give them a deadline. After that take all possible and necessary steps. Edit: What does this crap "the coins are gone" mean at all? They claim they cant share what happened. Which means they know it. I guess they will come up with a story of a hacker that stole most of the coins. And now they cant talk because of investigation. The SEC or others wouldnt take some coins and leave some coins. Anyway... if i dont get at least 100 BTC of my funds back i will pay a lawyer to get me that info. ffsixtynine claimed a lawyer would get the info. |
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Down to buy 600 at .00075
Im not selling if thats what you mean. |
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Is the list still cultivated? An interested party for my escrow service didnt find me on this list and didnt like it. I already did escrow for over 2000BTC and had a groupbuy where i kept 4816BTC in total.
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I hope you ain't mad that I will only buy the ticket when we're into the 27th day of the required btc-average.
not at all. but if everyone tries to pay as late as possible it will make things complicated for us. this is crowdfunding... on the other hand, if you pay early and the party does not fly, you will get refunded. I think the party will start weeks after the 30 days are over? I didnt lead such a party till now but i wonder what things to organise take more than weeks in advance. |
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Stay in the loop. Read this wonderful thread daily. The most recent asking price is 1128 bitcoin for all the shares I own. Do you have 1128 bitcoins? (0.0067456 bitcoin per share) I have changed my mind, because you show so little faith in Ken, for you the price is .007 bitcoin per share. LorenzoMoney... is your selling offer still valid and was it 0.00075BTC per share?
You know im asking to buy... i dont see little faith in that. Thats no buying price anymore. I already own many shares. A higher price is good for me the other way around then... Speaking about faith... i wasnt the one trying to sell low...  |
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As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.
There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.
All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.
Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.
This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.
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Sooo great... As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.
There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.
All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.
Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.
This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.
So you claim some agency got our coins and let some coins in there? Doesnt make sense. Coins cant vanish from addresses magically too and the private keys should be takeable from a broken wallet too. Not to speak of backups. Im interested to hear that story... i dont get it. |
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As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.
There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.
All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.
Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.
This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.
So you claim some agency got our coins and let some coins in there? Doesnt make sense. Coins cant vanish from addresses magically too and the private keys should be takeable from a broken wallet too. Not to speak of backups. Im interested to hear that story... i dont get it. |
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He left US, or at least he did according to Danny.
Ukyo confirmed that on IRC. One of Danny's coworkers has confirmed it as well. I think its fair to not only share the half info. He went to cyprus in order to work with NEOBEE to repair the weexchange wallet. At least thats what he claims. Unless you think the weexchange wallet is in Cyprus, or that Cypriots have technology unavailable in US, i find that a bit suspect. I presented you with a list of possible answers to your question "Why didn't [Ukyo] just run?" Here it is again: 1. Why didn't Labcoin just run? The same argument was used there over and over.
2. He left US, or at least he did according to Danny.
3. His identity is well known -- running is the worst option for him.
4. Why run when you don't have to? Judging by this forum, we have short attention spans and aren't likely to follow through.I made an effort to keep the list terse and factual. I am not assuming that Ukyo has left US -- only that Danny made a statement to that effect. You, on the other hand, are assuming that the actors involved are honest & could be taken at their word. A trusting attitude, at least in the "Scam Accusations" subforum. Right... the location change isnt really important. Though i see some advantages of working together coding on the same pc... but even that could be done with teamviewer +teamspeak or similar things... It might be ukyo prefers to work together physical. Yeah... youre right... i still want to believe that ukyo is honest... but its harder to do day by day. I chatted with him often some weeks ago then he went silent totally. I was told there is a reason for that... but i cant see what reason should keep you from explaining what you do and plan to repair the wallet. If really the SEC is involved... then i only can imagine they investigate something. For that no payments are allowed to go out. And ukyo isnt allowed to speak about. He was told to give this strange story. Until the SEC did their investigation. But then again... i dont see why NEOBEE should get involved then. Its simply a riddle and i really hope ukyo comes with infos soon. Otherwise i will pay a lawyer to get that info. If a lawyer can get that info, like someone wrote, then i wonder why this person didnt make a anonymous account and give the info in here? Thats why im not convinced there is more info to get. |
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I was asked to do escrow and will provide the escrow addresses for payment.
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LorenzoMoney... is your selling offer still valid and was it 0.00075BTC per share?
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He left US, or at least he did according to Danny.
Ukyo confirmed that on IRC. One of Danny's coworkers has confirmed it as well. I think its fair to not only share the half info. He went to cyprus in order to work with NEOBEE to repair the weexchange wallet. At least thats what he claims. |
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Hm... that level of security is indeed a bit strange. At least he changed the code... letting security pros do it is a good choice i think. But i think that can be an error... when coding you never are able to think about every possibility and especially when you never thought about such vulnerabilities you wont recognize them. Forgetting backups is way more fundamental... so i think that didnt happen. I mean... even when he used a rented server... there is good chance the serverprovider did backups on its own. Anyway... if he really starts to claim the private keys are gone or the bitcoins somehow vanished from their addresses... i cant believe him. |
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He cant be that dumb.
Of course he can. This is Bitcoin. (And there are many examples of BitFunder being poorly coded already.) If he claimed he ran an exchange and weexchange, he is a coder since years and he isnt really a noob to the net and pc's, and he didnt made backups... then i think its a clear lie. If he really didnt do it then i would strongly assume it was on purpose. He really has to come with some infos now. |
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Ukyo probably fucked up and made a huge mistake when tried to fix bitcoind. At some point he had all the private keys of all the wallets.
He should've started an operation to fix bitcoind with help from a team of professionals, but being an idiot he is, he tried to fix it by himself, which is extremely hard. So he either destroyed or lost all the data in the process, or it was leaked and someone stole the bitcoins.
Even the most stupid retard would keep several backups of the wallet file or private keys (or use a deterministic wallet). I can't believe he's so dumb that his entire exchange used a single wallet with no backup...there's simply no way he could be that dumb and still have been able to code all the systems. Plus if this were the case he would easily be able to provide proof of the locked/lost coins; and they would never move after the date the wallet was lost. This! He cant be that dumb. And even when the wallet cant work anymore... the private keys cant vanish. The same goes for the coins. They cant possibly vanish magically from the addresses. If he really wants to make up for it... i take it as earning them and pay us back from his private coins... then we wont see much back. |
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What do the words " So I am making up for it " mean  I read it as he will earn the bitcoins and pay us back from his private funds. But i cant imagine that something like that really happens. I mean ukyo isnt a noob. He knows about backups. And bitcoin addresses cant lose bitcoins magically. So its impossible that the private keys and the bitcoins are lost. Its possible that they cant repair the wallet but even when the wallet isnt working they should be able to get the private keys and import it elsewhere. |
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GREAT! (10:39:51) Ukyo: Evolyn_: As Danny said, the bitcoins WeExchange was holding are no longer available. I can not do anything to change that. So I am making up for it. Oh the frustration.. I hope thats not correct since it would mean that ukyo cant get access to the coins anymore. But i cant believe that this is possible. I cant possibly imagine that ukyo would be so stupid that something like that could happen. I mean even when the wallet cant work... you have to be able to get the private keys and import it. The coins from the addresses cant vanish. And ukyo is smart enough to make backups. If he denies that i think its a lie. |
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finally friedcat replied me:
Hi kirawei,
We already stopped paying to g.asicminer.pt's dividend address. The former payments are recorded as credits. After the direct shares show up from g.asicminer.pt, we will pay all missing dividends along with that week's.
Best regards,
friedcat
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Since some accusations came up:
* I know AnyKeyWhy from the forum like any other knows other forum members. No one will use an escrow he heard the first time of so i dont see what someone wanted to insinuate.
* Im not part of the groupbuy. Im only doing the escrow and pay the miner in the shop directly to prevent the bitcoins being taken.
* The Bitcoins asked for refunds werent needed to pay another miner. I offered to pay missing funds from my own bitcoins and wait until the last shares are bought so i get my bitcoins back.
* AnyKeyWhy gave me, like he and i claimed all the time repeatedly, a list with all refund requests now after the buy of the miners. I sent all refunds out in full after i was online seeing the email. I cant afford to be in the forum all day.
* Bitcoiner12... your Bitcoins are on the way too.
So was it really needed to accuse and threaten? Everything said was correct so far. I dont see why it was important to get to this level.
i really considered my btc gone. I thought to myself, how can i be so stupid to just send like 1500$ to someone.. if your an escrow you should be on the forum pretty mutch all day just like a moderator otherwise dont be one! second you should not have send al the btc to anykeywhy for the first two mining pc after all the comotion, let him post al list of all the % holders than maybe send the coins. The fact that anykeywhy doesnt answer questions and just kicks people out when the ask for transparancy made me get concerned. Also the where way more btc in the account then there were needed to buy this thing and he is saying : lets see when i get some time to do my homework!! wow ! what else more importend do you have to do than take care of this shit worth 60k ? saying we cant manage 100$ if you cant even take care of your own administration! i think that this is doomed to fail. I am happy that i bought last shares and not in the fist two computers. In order to not fear for your bitcoins an escrow is used. And i kept the bitcoins all the time. No risk involved except i would have given them away. If i had to monitor everything in the thread i wouldnt have done escrow for it. I did a groupbuy once and i never will do this work. People completely underestimate the stress and work amount fo a GB. As escrow i kept the bitcoins safe and made transactions if needed. The GB was run by AKW. I never sent Bitcoins to AKW. I paid the miner directly in the shop. And there were over 10 Bitcoins left. Way more than enough for all refund requests. Like i said... as escrow i dont run the groupbuy and i ONLY have to chime in when something goes wrong. But AKW went through with his plan exactly like he said. He wasnt late, he didnt break promises. Would it have been different i would have to chime in. The only thing that went wrong was on the side of some buyers that, after some days, decided to get a refund. And didnt want to wait until the time AKW claimed refunds will be paid. At the end even hours were too much to wait. Even when the bitcoins were safe all the time. Were the coins in danger or why do you claim i cant watch for them? Did i hand them over? Neither of it happened. And of course i cant run a second list of a groupbuy and refunding how someone wants me to. I have to stick to the GB-Owner otherwise i would work against his noted details and would have to tell them that i decided on my own to refund someone. THAT would be the definition of an unreliable escrow. The bitcoins were safe all the time. Only some didnt want to wait for some reason. |
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I agree in that I also don't think ActM is a scam, but it's especially not a ponzi. A ponzi is built on paying a little out to encourage more to be put it (to the ponzi-runner's pocket), but not a dime has been collected since the latest IPO and in fact, money has been coming out and (according to the guarantee if we are to take it at face value) will continue coming out at least until the IPO funds are returned to the shareholders. I would be concerned if more money for the company was solicited (as then the ponzi definition would fit adequately well), but as far as I know, it hasn't been since July and there are no signs of it happening in the future. If this was a scam, then Ken would have been long gone by now.
I agree that its not like a ponzi. But you should think about your last sentence. I followed the same logic and find myself now in the situation helping to hunt down the labcoin scammer. He collected the bitcoins and scammed clearly. We have proof enough. So not disappearing instantly is not a proof in itself. But like i said i think Ken is legit. At least i hope. |
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