As advised by DIB funding Incorporated in a letter dated August 10th 2017, titled “Demanding that DIBCOIN be delisted from Cryptopia”. We (Cryptopia Ltd) took the necessary steps to freeze markets and assets related to DIBCOIN.
On August 21st 2017 we received conflicting information from another party, Honson Luma, claiming to own the Intellectual property, DIBCOIN.
Following this, on the 22nd August 2017, we were sent another communication from DIB funding Inc asking us to ‘unfreeze’ the assets which have been previously frozen under legal threat from DIB Funding Inc.
Cryptopia feel it is pertinent given the fraud allegations from both parties to leave these assets untouched until such a time as the civil issue between DIB Funding Inc and Honson Luma is resolved or until we receive notice to act from a legal authority in NZ.
You should direct inquiries regarding your DIBC investment to:
Adam Petty
CEO – Dib Funding Incorporated
USA - 616-438-7623
adam@dibfunding.usHonson Luma
https://twitter.com/spaceagegrouphttp://www.spaceageinvestment.com/about-us.html------------------
Will say again, I really like CPIA as and exchange and think they will be big in this space. This seems to be on the DIBC team. Hope you guys figure out a way to get investor funds off of Cryptopia so at least we can move them to an active exchange.
Let's clear the air here, ok?
First some background.. DIBCOIN was created to prove that crypto currency is "currency" ie a medium of exchange. Well, as currently constructed on the Omni layer of the BTC blockchain, the high transaction fees make smaller transactions economically unfeasible. However, the transaction fees for ETH Coins are substantially lower, plus the "smart contract" of ETH Coins give the potential of greater flexibility in the future.
So, in order for DIBCOIN, to be used in the manner in which it was created, ie as a medium of exchange, a move to the ETH network is necessary.
In cases where there is going to be a coin swap, Cryptopia's practice has been to de-list the old coin and have the new coin apply for listing and pay listing fees. In mid July, I requested Cryptopia to do exactly that.
Here is there response "
In the case of a coinswap we need to delist the original coin and an application needs to be made to list the new coin. As we have no interest getting involved in whatever is happening internally with the DIB team we will be leaving DIB as it is unless there is an issue we are unable to resolve with the wallet. Due to the new ETH protocol DIB sharing the same name, if an application is made to add the coin, it would be rejected based on the fact there is already a coin of the same name listed on Cryptopia"
There is no dissension on the "DIB Team". Mr. Luma resigned from DIB Funding. And therefore is no longer a part of the "DIB Team".
If I did not DEMAND that cryptopia take their heads out of the sand and delist DIBCOIN the result would have been disastrous for DIB Funding and for the DIBCOIN holders. Why? Because it would have caused two separate coins, one that would be supported by DIB Funding and its business plan and one that would not. This would cause confusion in the market, which is never good.
So after several weeks of contacting different levels of Cryptopia personnel through pm's here and facebook, dm's on twitter and continually through email to change their stance; the results of which were being told in different ways to go pound sand, I sent the demand letter.
https://db.tt/Eb5l8p2b05I realize that I have made some strong allegations in that letter. But every word is true and I have the documentation to prove it.
I did indeed demand that DIBCOIN be delisted from Cryptopia. As stated above, I had very valid reasons for doing so. And take responsibility for that decision.
However, I did not demand, request or ask them to shut down the wallet or take DIBCOIN out of customers balances. There reasons for doing so, apparently, were so that I or DIB Funding would not hold them legally responsible for what was going on. So yesterday I sent them a letter asking that they allow DIBCOIN to be withdrawn from Cryptopia. In return, that the company and I were willing to hold them harmless for any losses that we had incurred.
https://db.tt/PNAjY0N9ruThe above quote is their response..
So for Cryptopia to act as if they didnt play a part in all this drama, that all the responsibility for DIBCOIN balances no longer show in their system falls on DIB Funding and myself, is simply HOGWASH.
While Cryptopia may think its ok business practices to screw their customers, to me and DIB Funding that is completely unacceptable.
Our original plan was to have Cryptopia DIBCOIN holders to transfer their DIBC to a DIB Wallet for the conversion to DIBCOIN 2.0. When the "withdrawal" option was taken away by Cryptopia, we planned on asking for a screenshot of their balance and we would convert to DIBCOIN 2.0 using that as proof of ownership. The only information on DIBCOIN that Cyrptopia hasnt erased at the moment is the history file.
It seems, unless Cryptopia reverses itself and shows balances or allows withdrawals, there are only two options left to us.
1) Do nothing and allow Cryptopia to screw DIBCOIN holders out of the conversion or
2) Use the information in the history files to past together "proof" of the amount of DIBCOIN Cryptopia customers held at the time it was delisted.
Obviously, the only choice that is acceptable to me is #2. So we have set up a special email address,
dibc.balance@dibfunding.us, for you to send your compilation of the amount of DIBC you hold in Cryptopia. Please include copies of your historical trades. You will need to open a DIB Wallet in order to receive your DIBCOIN 2.0
Please realize, that your patience is going to be required. You have my word, my guarantee, that I will make this right. But this will be a tedious chore and thus time consuming.
Through all of this my intention has never been to trash any person or organization (they have been doing a nice job of that themselves). My responsibility as CEO of DIB Funding is to protect the assets of the company and to protect those that have invested in DIBCOIN. I take that responsibility extremely serious, and I will move heaven and earth to assure the success of DIBCOIN and its coinholders.
