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Author Topic: [BitFunder] Moving Forward/Resolution Process  (Read 290742 times)
cryptocyprus
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November 27, 2013, 06:17:30 AM
 #1

Hello everyone,

I know everyone here is waiting for "the big announcement".

I have been brought in by Jon (Ukyo) to help with the situation. For those who do not know me, I am Danny Brewster of Neo & Bee (https://bitcointalk.org/index.php?topic=289730.0;topicseen) Neo & Bee has agreed to take an active role in ensuring this situation gets resolved.

I have a full understanding of the situation and have agreed to work with Jon to help sort out the problem in the best and quickest manner possible. At this point in time it is no longer possible to be immediately able to pay out all users. Jon has been working to ensure that a process is in place to remedy this situation and to ensure that all users get the bitcoins owed to them. This is the unfortunate reality of the situation. The biggest question is going to be “why or how has this happened?” I will be providing the answer in full, however right now it is impossible for what I would describe as legal reasons, but the answers are coming, that I promise, but cannot give an exact time as to when this information can be made public.

To this end, we would like to ask that everyone continues to be patient while the final preparations are put in place that will allow for users to enable recovery of their funds, the holidays in the United States are not helping with this specific matter in the slightest.

Everyone at Neo & Bee are now involved in this resolution process.

Unlike other situations where an inability to payout bitcoins to users has occurred, Jon has been fully committed to ensuring that payouts will happen. He has not gone into hiding and continues to try to make himself available to people on IRC on a fairly consistent basis. You have trusted Jon with your bitcoins and as of right now, you are being told that there is no immediate solution. At this point, Jon has two options: first he can continue to work with the community to ensure that the issue is resolved properly, or he can throw his hands up and simply say "sorry, there’s nothing I can do". I prefer option one as I think many of you will as well, so that is why I am throwing myself and my team behind this effort to ensure solutions are implemented and successful.

I know both myself and Jon would like to be able to post everything out in the open to give a full explanation about everything that has brought everyone into this position and what is currently going on to resolve this issue. I understand that this is not the optimal solution for any one person, however we believe that it is the best solution for everyone.

You can have my word that everything conceivably possible, to resolve these problems are being done to the best of our abilities.

I would like to thank you for your understanding and cooperation so far and we look forward to having this situation resolved as soon as possible.
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thecoinjournal
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November 27, 2013, 06:35:45 AM
 #2

So NEO&BEE is acquiring Weex? That's not a bad result.

jimmothy
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November 27, 2013, 06:41:54 AM
 #3

Aaand we still don't know why bitfunder/weex is shut down/failing horrifically. Maybe in a few more weeks we can get some info.

Question: Is ukyo not talking because it would be illegal to do so or is he trying to say as little as possible to help save himself in any possible lawsuits?
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November 27, 2013, 06:52:20 AM
 #4

Aaand we still don't know why bitfunder/weex is shut down/failing horrifically. Maybe in a few more weeks we can get some info.

Question: Is ukyo not talking because it would be illegal to do so or is he trying to say as little as possible to help save himself in any possible lawsuits?

I think it's just the silence period when any M&A is about to take place.

moribana
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November 27, 2013, 06:59:39 AM
 #5

Aaand we still don't know why bitfunder/weex is shut down/failing horrifically. Maybe in a few more weeks we can get some info.

Question: Is ukyo not talking because it would be illegal to do so or is he trying to say as little as possible to help save himself in any possible lawsuits?

I think it's just the silence period when any M&A is about to take place.

I think that they are just running with the money and trying to confuse things as much as possible.
Transisto
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November 27, 2013, 07:07:04 AM
 #6

Reserved
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November 27, 2013, 07:12:57 AM
 #7

Interesting turn.

dave111223
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November 27, 2013, 09:04:00 AM
 #8

You have trusted Jon with your bitcoins and as of right now, you are being told that there is no immediate solution. At this point, Jon has two options: first he can continue to work with the community to ensure that the issue is resolved properly, or he can throw his hands up and simply say "sorry, there’s nothing I can do".

Yes you hold $1,500,000 of other peoples money and then it "goes missing"...certainly throwing his hands up and saying "sorry, there’s nothing I can do" would be a viable option.  Grin

Well if it's said via IRC from the airport wifi as he boards a plane to parts unknown then I guess sure, it's viable.



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oxideNL
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November 27, 2013, 09:10:26 AM
 #9

Finally some "might be good" news.

I just wish Ukyo took some time to explain in detail what the hell is going on.
I know he's stressed and likely a bit terrified about this whole ordeal.
But keeping silence isn't the answer also. And it makes allot of people nervous (Including me)



stereotype
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November 27, 2013, 09:18:17 AM
 #10

That was a bit leftfield.  Shocked

Dont quite know how to process that, for the mo.
VinceSamios
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November 27, 2013, 09:19:25 AM
 #11

It is just me, or does this post not actually say anything? It literally says nothing...

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Spekko
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November 27, 2013, 09:20:50 AM
 #12



You can have my word that everything conceivably possible, to resolve these problems are being done to the best of our abilities.



no sir... how can you expect people to have your word when still no information regarding the problems are given to the people thats owed over a MILLION USD....................
thecoinjournal
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November 27, 2013, 09:21:43 AM
 #13

It is just me, or does this post not actually say anything? It literally says nothing...

The only thing is NEO&BEE got involved in this Bitfunder/Weex mess. Though we don't know whether this is a good or bad thing yet.

jimmothy
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November 27, 2013, 09:24:06 AM
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You can have my word that everything conceivably possible, to resolve these problems are being done to the best of our abilities.



no sir... how can you expect people to have your word when still no information regarding the problems are given to the people thats owed over a MILLION USD....................

Also why can the entire cryptocyrus team and the people helping ukyo "have a full understanding of the situation" but everyone affected by this only get to hear "we are working on it".


It is just me, or does this post not actually say anything? It literally says nothing...

This entire post could have been one sentence: cryptocyrus team is helping ukyo.
malkusch
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November 27, 2013, 09:25:31 AM
 #15

It is just me, or does this post not actually say anything? It literally says nothing...
This was my first thought as well. The statement itself says nothing new. But the author is not Ukyo which adds one more actor  on the stage. I, as a Ukyo.Loan holder, take this as a positive sign.

1335STSwu9hST4vcMRppEPgENMHD2r1REK
thecoinjournal
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November 27, 2013, 09:28:25 AM
 #16

It is just me, or does this post not actually say anything? It literally says nothing...
This was my first thought as well. The statement itself says nothing new. But the author is not Ukyo which adds one more actor  on the stage. I, as a Ukyo.Loan holder, take this as a positive sign.

Me too. It brings hope.

moribana
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November 27, 2013, 09:30:07 AM
 #17

It is just me, or does this post not actually say anything? It literally says nothing...

You are right. This sort of communication just confirms that it is a scam and the extra information is that neo&bee is also involved. So stay away from neo&bee as well! That is the important information I got from this.
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November 27, 2013, 09:32:59 AM
 #18

It is just me, or does this post not actually say anything? It literally says nothing...

It says that Jon may have pulled off the only thing possible to stop the madness that he created. I actually thought it was going to be Mark K and/or the rest of that failing bunch of self-interested 'members'.
 
This, if EVERYONE gets reimbursed, is/was the only possible positive outcome.

Danny. Boy do you like a challenge, or what!?  Shocked    
thecoinjournal
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November 27, 2013, 09:37:54 AM
 #19

Maybe Ukyo is a major share holder of NEO&BEE and it'll be inconvenient if he dumps all the stocks.

MilkyLep
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November 27, 2013, 09:40:11 AM
 #20

http://pastebin.com/VnYL63dr

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
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