My bank account's got robbed by European Commission. Over 700k is lost.

[solex]

The OP had a small business, and was ripped off by his government, the ECB and its bankster cronies.

Not by the ECB, just by his government and its "bankster cronies".

The ECB is right at the centre of the Cyprus disaster, because its exposure is over $10bn, which is the paid-up capital of the Eurosystem. If Cyprus does not continue to maintain the fiction that it can repay all its bondholders then the ECB is technically bankrupt!

[Lemon]

I was under the assumption all bitcoin users were self employed and dabbled in technology, not running all out mainstream businesses with employees, taxes, etc.

Quite an invalid assumption to make. We're involved with BTC (four core service products) and have employees, pay taxes, etc...

[mmeijeri]

If Cyprus does not continue to maintain the fiction that it can repay all its bondholders then the ECB is technically bankrupt!

That may be true, but that doesn't mean they were responsible for the OP losing his money.

[legendster]

Whatever problems exist in India is completely and totally irrelevant.

You have to BE here to see how 'international' things affect local businesses here and in turn local livelihoods.

[zeroday]

Today I've just found that my Laiki Bank account balance is $126450. Previously it was $128784 (as show in my first post).
Over $2K has just mysteriously disappeared without any record in the account statement.
I see no transactions explaining deduction from my account.

This is how European banks work now...

[Fuzzy]

Over $2K has just mysteriously disappeared without any record in the account statement.
I see no transactions explaining deduction from my account.

This is how European banks work now...

This should serve as a warning to everyone, everywhere.

[Inedible]

Today I've just found that my Laiki Bank account balance is $126450. Previously it was $128784 (as show in my first post).
Over $2K has just mysteriously disappeared without any record in the account statement.
I see no transactions explaining deduction from my account.

This is how European banks work now...

Can't you move the funds out already?

I would have thought you'd be using a different bank now.

[myrkul]

Today I've just found that my Laiki Bank account balance is $126450. Previously it was $128784 (as show in my first post).
Over $2K has just mysteriously disappeared without any record in the account statement.
I see no transactions explaining deduction from my account.

This is how European banks work now...

Can't you move the funds out already?

I would have thought you'd be using a different bank now.

He'll be lucky if he ever gets those funds back, much less any time soon.

[Inedible]

He'll be lucky if he ever gets those funds back, much less any time soon.

The portion of it that's not frozen - I.e. the €126K-128K.

[wachtwoord]

Today I've just found that my Laiki Bank account balance is $126450. Previously it was $128784 (as show in my first post).
Over $2K has just mysteriously disappeared without any record in the account statement.
I see no transactions explaining deduction from my account.

This is how European banks work now...

So you called and asked about it. What was their response?

[zeroday]

He'll be lucky if he ever gets those funds back, much less any time soon.

The portion of it that's not frozen - I.e. the €126K-128K.

Yes, $2K has disappeared from not frozen balance.
BTW, I still cannot move not-frozen money from the account due to capital control restrictions.

[Inedible]

He'll be lucky if he ever gets those funds back, much less any time soon.

The portion of it that's not frozen - I.e. the €126K-128K.

Yes, $2K has disappeared from not frozen balance.
BTW, I still cannot move not-frozen money from the account due to capital control restrictions.

Even to a different (more financially stable) bank in the same country?

[ewitte]

time to do business in BTC.  Cyprus was a testing ground I hope your kicking the bankers out like Iceland.  Or decorating the parks with them...

[melon]

make sure your lawyers get you shares in the bank equal to the haircut to mitigate some losses even if it's  over a decade and the shares sell for pennys on the dollar since its basically worthless even to possible future earnings after wind down or restructure.... what a debacle!@#

[Operatr]

It seems keeping your money in a bank is just about as safe as leaving it on a bus bench in a bad part of town...

[myrkul]

It seems keeping your money in a bank is just about as safe as leaving it on a bus bench in a bad part of town...

http://www.youtube.com/watch?v=1yeoGAPW3tk

[Namealreadyexists]

He'll be lucky if he ever gets those funds back, much less any time soon.

The portion of it that's not frozen - I.e. the €126K-128K.

Yes, $2K has disappeared from not frozen balance.
BTW, I still cannot move not-frozen money from the account due to capital control restrictions.

If there was a "Mt.Gox" inside Cyprus would you be able to purchase bitcoins with what's left of your money, given that it's not going out of the country?

Of course for this to work someone else should be willing to sell bitcoins, with the proceeds being stuck on the island. Remittances maybe.

[ISAWHIM]

I am still pissed that McDonalds raised the price of the $1.00 small fries, up to $1.27... Totally defeated the whole purpose of raising minimum-wage!

Oh, you lost a large portion of money you probably didn't actually earn... so sad... too bad... cry me a river...

Take out what you can, every day, until it is all gone, and turn it directly into bitcoins, litecoins, and namecoins. Problem solved. You will be up to your previous balance, before you have withdrawn all your remaining money, and any money left will just be a bonus.

You can still get money out, so what is the actual problem? That is what you get for placing money in a BANK, who simply lends out your money to others. Sorry that the people they lent it to, are not paying them back. I would bet a million dollars that all the lending was to the bank owner himself. They like to do that, using shell companies that don't actually exist, then just default on the loans, declare bankruptcy, and HOPE the government steps-in to pay for the losses, which are not actual losses.

[myrkul]

I am still pissed that McDonalds raised the price of the $1.00 small fries, up to $1.27... Totally defeated the whole purpose of raising minimum-wage!

Ever think those two facts might be linked somehow? (Hint: almost all of McDonald's employees get minimum wage)

Oh, you lost a large portion of money you probably didn't actually earn... so sad... too bad... cry me a river...

Oh he earned it... by running a business. What did you do today?

[ISAWHIM]

Oh he earned it... by running a business. What did you do today?

I worked for a business... One that doesn't keep money in a Cypress bank, and pays minimum wage.

Oh, and I mined for bitcoins, and litecoins and namecoins...

And I made IMVU-credits and Lindens and traded some silver...

And I borrowed a few thousand from Cypress... Not paying them back... They are a foreign bank... They can give me a bad grade on my credit report... What are they going to do, raise the value of the dollar menu again, to get my money?

Funny thing is... I am retired. Have been since I was 19. It is amazing what you can actually do without money, without debit, without banks, without taxes (ok, little taxes), and with no expectations only accepting anything that comes, as a reward.

Best thing you can do is go broke and learn to live with nothing. That is when you realize you never actually had anything in the first place. Just a bunch of junk that you only think is of value.

(This coming from a man with over a dozen computers, monitors, electronic devices, millions of drawings and business plans, and lives off the dollar-menu at McDonalds. No I am not fat. I only eat once a day. I don't eat like a pig. I eat only what my body needs. I buy only things I need and crap that is fun to play with. Man Geek toys. lol.)