Off-Topic

[justmyname]

......

" PayPal has no obligation to contest or appeal from any such order or process."

Sorry. This isn't Holland Dutch justice.

Nowhere does it say anything about confiscating a charge back of a customer for a trustee in a court bankruptcy case. This is more likely related to when TH had their Paypal account frozen. And if they are sued it could be held up again for garnishment. Their were no refunds.

I may be misreading you but I got my refund via paypal, I am not sure what you are suggesting here.

Their is a legal difference between TH voluntarily giving you a refund. Compared to a forced refund (charge back) (reversal) via Paypal or Credit Card.

If you have a Paypal account and are doing something illegal, have a judgment against you, didn't deliver a product etc etc etc. They can freeze your account. This doesn't apply to a customer that has received a charge back.    

If you were a relative or friend etc etc of TH and received a refund while nobody else did. Then a court could take the money back from you. But this isn't the case.  

[btceic]

......

" PayPal has no obligation to contest or appeal from any such order or process."

Sorry. This isn't Holland Dutch justice.

Nowhere does it say anything about confiscating a charge back of a customer for a trustee in a court bankruptcy case. This is more likely related to when TH had their Paypal account frozen. And if they are sued it could be held up again for garnishment. Their were no refunds.

I may be misreading you but I got my refund via paypal, I am not sure what you are suggesting here.

Gotcha, thanks for clarifying.

Their is a legal difference between TH voluntarily giving you a refund. Compared to a forced refund (charge back) (reversal) via Paypal or Credit Card.

If you have a Paypal account and are doing something illegal, have a judgment against you, didn't deliver a product etc etc etc. They can freeze your account. This doesn't apply to a customer that has received a charge back.    

If you were a relative or friend etc etc of TH and received a refund while nobody else did. Then a court could take the money back from you. But this isn't the case.  

[gbx]

You all realize Terrahash never said they intend to file bankruptcy.

This whole long list of threads going back and forth on minutia really is really just an unnecessary tangent at this point.

As I've said earlier.  Terrahash doesn't want the legal fight against PayPal and is likely waiting for the dust to settle from that part of the fiasco before attempting to make anything else right. 

With that said, have any of the bitcoin tracers been able to determine if they may have the coins or not?

And what about Cloudhashing...  talk about debt.

What with Terrahash being faced with multiple lawsuits which would cost a small fortune to defend and a bankruptcy filing only costing a few grand, what do you think will happen?

Use your common sense.

My $.02.

Terrahash has both the funds of Cloudhashing and the crowd source funds.  They have not refunded a soul yet.

They also haven't filed bankruptcy or stated their intentions to do so.

Obviously, they stated the Yifu refund was cashed immediately.  But, why would you do that when you don't have a bank account to put the funds into?  Leave it at CampBX?

Perhaps comingling funds with personal accounts?

I lay odds they have the coins in a wallet and are watching the surging price of bitcoin.  They'll gamble with OPM (other peoples money) and come out ahead.  Refund half to those who won't squeak too loudly, settle out of court on the lawsuits, and keep the rest.

Their biggest variable, as I've said, is PayPal.  And they don't want to refund everyone that purchased through PayPal 100 percent.  But the chargebacks keep coming.

My common sense tells me they don't want to lose control of their assets, given the fact that the situation, to some, might look fraudulent.  Bankruptcy will be the last thing they do as you can always file for it, but it's hard to back out of.

[User705]

Actually taking it back is called withdrawing the bankruptcy petition and is rather easy.

[LostDutchman]

Actually taking it back is called withdrawing the bankruptcy petition and is rather easy.

100% correct.

I did just that once to get out of a real estate deal that I (Too late almost!) determined was a fraud and was going to cost me around USD $250K with no return.

I told the "partners" to let me out of the deal or I would get out on my own.

They told me to stuff it.

I said, "OK!" and the next day armed with a money order for USD $195 and a hand-written emergency petition, went to the federal courthouse in Kansas City and filed for a Chapter 7.

The filing of course locked up all pending and future transactions of the ripoff partnership and sent the other partners screaming into the night.  They whined that my filing was preventing them from doing any business, which of course it was and that was my intent.

I let them spin out and sweat for a few days and then told them to let me out of the partnership and give me my money back, which they did quite willingly as to not have done would have cost them everything.

The next day I simply withdrew the petition and stopped off at the bar on the way home from the court house for lunch and drinks.

Hardball they call that sort of thing and I can be very, very good at it.

My $.02.

[TomKeddie]

What you don't have any money to refund?
Well I'll just take ur daughter instead, she'll fetch a pretty penny at market
Daddy No!
Be a good girl and go with the man maria  

Please don't trust this person (why would you given the above post).  Seems to have burnt this account for $70 they took from me.  No escrow, didn't think someone would go to so much trouble for $70.

Retracted, other issues caused no communication.

[MinermanNC]

Wow nice to see some of the ol gang still hanging around in here lol,,,, anyone got an refunds yet, especially in BTC? probably not,,,especially at 400 bux a coin! my my...

[hammurabi]

Wow nice to see some of the ol gang still hanging around in here lol,,,, anyone got an refunds yet, especially in BTC? probably not,,,especially at 400 bux a coin! my my...

Bitcoin haven't crashed yet so probably they will leverage on our coins for little more time aka 'in couple of days' aka in two weeks^tm time.
But do not panic! The more zillions they make the more lightly it will be for them to return our money back..

Terrahash said they cashed Yifu's refunds immediately long time ago, but earlier they said they will refund promptly as soon as Yifu pays back. Refunding more money along the way in prorated payments as they auction/sell the unused equipment.
No fraction of the refund hit my wallet so unless proof is given (bank recepits, Avalon order id(s), blockchain confirmations) we can assume they are still gambling with our coin.

[gbx]

Wow nice to see some of the ol gang still hanging around in here lol,,,, anyone got an refunds yet, especially in BTC? probably not,,,especially at 400 bux a coin! my my...

Bitcoin haven't crashed yet so probably they will leverage on our coins for little more time aka 'in couple of days' aka in two weeks^tm time.
But do not panic! The more zillions they make the more lightly it will be for them to return our money back..

Terrahash said they cashed Yifu's refunds immediately long time ago, but earlier they said they will refund promptly as soon as Yifu pays back. Refunding more money along the way in prorated payments as they auction/sell the unused equipment.
No fraction of the refund hit my wallet so unless proof is given (bank recepits, Avalon order id(s), blockchain confirmations) we can assume they are still gambling with our coin.

Yes, clearly expectation management and follow through is not a skill that they posses.

[fire5]

Send the refunds

[notlist3d]

Send the refunds

Good luck getting it from them.  Hire a lawyer.

[yan_jp]

Terrahash, I'm waiting for my bitcoin refund for long. When will you process it?

[bitcoin carpenter]

Any Canadians want to set up a group to see if we can get a lawyer to chase terrahash for bitcoins

[fire5]

Any Canadians want to set up a group to see if we can get a lawyer to chase terrahash for bitcoins

Its going to happen

[bitcoin carpenter]

You think they are going to refund btc without legal action?

[gjgjg]

Any Canadians want to set up a group to see if we can get a lawyer to chase terrahash for bitcoins

Im in EU but I think we should collectively look into a solution and give a % of the total btc retrieved... count me in if possible!

[bitcoin carpenter]

Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.

We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.

Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.

Shenanigans

[JakeTri]

Any Canadians want to set up a group to see if we can get a lawyer to chase terrahash for bitcoins

+1

[Cryptoin]

Is there anyone taking legal action in the US or putting together a group lawsuit?  Terrahash still owes me a decent amount of money from ACH transfers I was unable to chargeback.

[LostDutchman]

You guys don't get it yet, do you?

The money is gone.

There ain't no money to be had.

It's over.

My $.02.