The 94% Con by Jon Montroll

[oxxymoronn]

brutal situation, hopefully he comes through

[glendall]

Well this was the last straw for me . I'm no longer going to be trading or investing in any exchanges or securities.

I thought I was avoiding illegal seizure of my money by keeping it out of banks. So much for that...so many scammers in Bitcoin in really hurts folks' ability to involve themselves in the economy if they have to worry about getting ripped off all the time, which apparently, they should be worrying about.  

Ukyo takes over 2 million bucks and doesn't even feel enough pressure on him to even tell us what happened or why he stole it.  Just a "I'm in Cyprus now guys message thanks for waiting for your money you safely deposited to me !  Got to go hookers and blow here now thanks for your btc. Maybe in [+ (1-12 RND DAYS)] you'll hear an update about an update k thx.  "

I'll happily take this all back if I'm wrong....but this is following so many other scams' footsteps that it is hard to be optimistic, from experience.

[alibert]

Cyprus is broke, maybe he gets new identity. Goodbye money, enjoy Greece.

[daCoops]

It's a real shame. The updates still don't reveal much information about what is really going on. The fact that Ukyo is in Cyprus doesn't really imply that he's "fled the country" - yes it's a lot of money at stake but this is not really a movie. Without knowing who Jon is personally, I'm guessing that he's just a random regular day family bloke who has kids and who has set up a bitcoin business that is now in trouble. Him in Cyprus is probably to do a bunch of legal meetings, talk to managers / lawyers / whatever, to figure out the whole mess. I'd be extremely surprised if he's anything like John McAfee!

The lack of any real details and specifics is annoying. There's a constant promise that we will all greatly benefit from being patient - other than getting our bitcoins back, I'm a little skeptical of how much more we can greatly benefit over the situation - unless somehow a ridiculous amount of interest and compensation will additionally be included in the withdrawals - that would be nice. Highly doubt it though...

[ffssixtynine]

John McAfee is amazing! He'd fit right in the bitcoin world.

[daCoops]

John McAfee is amazing! He'd fit right in the bitcoin world.

Indeed he is! I've read most of his blog and his activities. A true nutter and someone who is certainly not afraid of taking seemingly radical action for things that he believes in and to be right. Then again, he's got quite a bit of money I think. Added to that he's a near genius too!

[AndrewWilliams]

Well this was the last straw for me . I'm no longer going to be trading or investing in any exchanges or securities.

I thought I was avoiding illegal seizure of my money by keeping it out of banks. So much for that...so many scammers in Bitcoin in really hurts folks' ability to involve themselves in the economy if they have to worry about getting ripped off all the time, which apparently, they should be worrying about.  

Ukyo takes over 2 million bucks and doesn't even feel enough pressure on him to even tell us what happened or why he stole it.  Just a "I'm in Cyprus now guys message thanks for waiting for your money you safely deposited to me !  Got to go hookers and blow here now thanks for your btc. Maybe in [+ (1-12 RND DAYS)] you'll hear an update about an update k thx.  "

I'll happily take this all back if I'm wrong....but this is following so many other scams' footsteps that it is hard to be optimistic, from experience.

From a non-involved perspective (never invested in his "exchange") and watching this thread, it really does look like he got away with stealing $2 million.

Everyone can hem and haw all they want, but at the end of the day, his actions (and inaction) speak volumes.

[Bogart]

Over 1000 BTC stolen and he only has 4 negative trust ratings?

https://bitcointalk.org/index.php?action=trust;u=35121

[jimmydorry]

Yes, it certainly appears that Ukyo managed to steal a cool 2mill.

[cryptoanarchist]

Over 1000 BTC stolen and he only has 4 negative trust ratings?

https://bitcointalk.org/index.php?action=trust;u=35121

yeah, something stinks.

[southafricadude]

Where do I go to find out how to get my coins out of WeExchange?

I have had two transactions 'processing' since 12 November, my wallet on the site is now empty, but no coins were ever sent.

Date   2013-11-12 08:39:39
Transaction ID   JACqwA0gOBkwyC4Krkng30l0EjpkNZTZ
Type   Withdraw
Debit   5.20700000 BTC

and

Date   2013-11-12 08:32:28
Transaction ID   abhDYt5lsC9ciENLT0RT1iR6zjCyQ8le
Type   Withdraw
Debit   2.96604499 BTC

I would also like as much information as possible about the guy running the site please.

[kopipe]

Where do I go to find out how to get my coins out of WeExchange?
 

Cyprus

[SOSLOVE868]

+1 let's go there.

[jackmaninov]

Here's my (thankfully small) withdrawal stuck in Processing:

Date           2013-11-06 07:58:22
Transaction ID     YPsr4460PxdOEn0WgTMNKf1MNzxun4r3
Type   Withdraw
Debit   0.25269589 BTC

Have an additional 0.40283866 BTC stuck in my account.

[zxyzxy]

I hope you fucking die you miserable bastard.. hope you enjoy my 5 BTC.. everything i had left thanks to other scammers in this great bitcoin community.. yes I absolutely see the potencial in digital currency and am avating the revolution with people like you all around seizing coins and running off with them! viva la bitcoin

[SOSLOVE868]

I hope you fucking die you miserable bastard.. hope you enjoy my 5 BTC.. everything i had left thanks to other scammers in this great bitcoin community.. yes I absolutely see the potencial in digital currency and am avating the revolution with people like you all around seizing coins and running off with them! viva la bitcoin

take it easy ,I got stuck about 200 BTC (composite by loans and BTCs)  there....Danny said they will processing payout by before 2014.

[falko0815]

the coins are lost.
there will never be a payout

[glendall]

I hope you fucking die you miserable bastard.. hope you enjoy my 5 BTC.. everything i had left thanks to other scammers in this great bitcoin community.. yes I absolutely see the potencial in digital currency and am avating the revolution with people like you all around seizing coins and running off with them! viva la bitcoin

take it easy ,I got stuck about 200 BTC (composite by loans and BTCs)  there....Danny said they will processing payout by before 2014.

I hope so man, but talk is cheap.  This may be the case. But doesn't it worry you that we haven't even heard of what happened to your massive investment of coins at this point?

200 btc is a lot of money I don't know how you can be so nonchalant about it. Sincerely hope you get it back but I guess I'm not as trusting as you, all the signs look really, really,really bad here.

[tomywomy]

take it easy ,I got stuck about 200 BTC (composite by loans and BTCs)  there....Danny said they will processing payout by before 2014.

I don't understand how you haven't contacted authorities at this point and instead are waiting on what what seems like an obvious and pathetic attempt at postponement, evasion and misdirection.  How could you possibly believe Danny after he first said he was stepping in to solve a technical problem but couldn't provide the details and then revealed, after numerous delays, that "the coins simply aren't there".  

They've been stolen from you. And the criminal(s) who took them aren't planning on ever giving them back to you, no matter what promises they may make.  

They might throw a few coins back at the community, but only because they believe it will confuse people as to the fact that the rest of the coins were in fact stolen.

I think they are laughing at you right now for thinking that Danny will be giving you your coins back in 2013.

[kopipe]

take it easy ,I got stuck about 200 BTC (composite by loans and BTCs)  there....Danny said they will processing payout by before 2014.

Ah, the first stage: Denial. Next comes Anger, Bargaining, Depression and finally Acceptance of your loss of $175,000 in BTC (if you don't hang yourself first).