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Author Topic: [BitFunder] Moving Forward/Resolution Process  (Read 290703 times)
tomywomy
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December 13, 2013, 03:43:09 PM
 #341

Well, it's almost 6:00pm in Cyprus and we've had no update and no coins paid.  So I guess the obvious conclusion is that we should be patient for another week and assume that Danny and Ukyo continue to do their best and we should be thanking them for their efforts.
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ThickAsThieves
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December 13, 2013, 03:53:05 PM
 #342

Well, it's almost 6:00pm in Cyprus and we've had no update and no coins paid.  So I guess the obvious conclusion is that we should be patient for another week and assume that Danny and Ukyo continue to do their best and we should be thanking them for their efforts.

It's almost 5pm there.
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December 13, 2013, 03:55:34 PM
 #343

Well, it's almost 6:00pm in Cyprus and we've had no update and no coins paid.  So I guess the obvious conclusion is that we should be patient for another week and assume that Danny and Ukyo continue to do their best and we should be thanking them for their efforts.

It's almost 5pm there.
Almost 6pm. UTC +2.
WeexUser
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December 13, 2013, 03:56:13 PM
 #344

Well, it's almost 6:00pm in Cyprus and we've had no update and no coins paid.  So I guess the obvious conclusion is that we should be patient for another week and assume that Danny and Ukyo continue to do their best and we should be thanking them for their efforts.
Again, Danny said the update would be Friday night.
blastbob
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December 13, 2013, 04:11:39 PM
 #345

Would be stupid to pay without consulting the support tickets. The address used 1.5+ month ago might not be valid anymore..

So personally i doubt anything happens today.

Psst.. Got Ether?
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December 13, 2013, 04:12:59 PM
 #346

Well, it's almost 6:00pm in Cyprus and we've had no update and no coins paid.  So I guess the obvious conclusion is that we should be patient for another week and assume that Danny and Ukyo continue to do their best and we should be thanking them for their efforts.
Again, Danny said the update would be Friday night.

It's fairly obvious that "by Friday" he meant 23:59 UTC-11, so everyone should relax he still has plenty of time.... Cool



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WeexUser
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December 13, 2013, 04:37:16 PM
 #347

Would be stupid to pay without consulting the support tickets. The address used 1.5+ month ago might not be valid anymore..

I agree. But if you read Danny's posts he said that "the coins will be available to the users" and "the process of receiving them" will be ready today.
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December 13, 2013, 07:02:28 PM
 #348

Pins and needles, pins and needles.
cryptocyprus
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December 13, 2013, 07:58:21 PM
 #349

As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.

There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.

All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.

Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.

This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.
mgio
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December 13, 2013, 08:06:19 PM
 #350

As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.

There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.

All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.

Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.

This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.

A couple of questions:

1) What is the total amount of outstanding WeExchange balances? In other words, what percentage of the coins owed is that 386 btc?

2) Is there any news as to the coins owed ukyo.loan owners? Are those coins missing too? Is the repayment plan for that separate from the WeExchange plan?
SebastianJu
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December 13, 2013, 08:08:11 PM
 #351

As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.

There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.

All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.

Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.

This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.

So you claim some agency got our coins and let some coins in there? Doesnt make sense. Coins cant vanish from addresses magically too and the private keys should be takeable from a broken wallet too. Not to speak of backups.

Im interested to hear that story... i dont get it.
Kouye
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December 13, 2013, 08:18:50 PM
 #352

Might be a good idea to take a picture of your current balance along with today's newspaper before they "adjust" it...

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
SeBTC
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December 13, 2013, 08:20:20 PM
 #353

I wonder how much 386BTC represents in terms of the total BTC Weex had in its possession before the fall? Single figure %?
Fabrizio89
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December 13, 2013, 08:34:59 PM
 #354

A couple of questions:

1) What is the total amount of outstanding WeExchange balances? In other words, what percentage of the coins owed is that 386 btc?


For what its reported here: https://bitcointalk.org/index.php?topic=337523.0 it should be ~30% of total coins. Not bad for now I guess.

https://1broker.com/?r=2479
 

Trade stocks, commodities, currencies with bitcoins! Up to 200x Leverage.
VolanicEruptor
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December 13, 2013, 08:35:27 PM
 #355

Going on HavelockInvestments.com right now to sell half my Neo & Bee shares. Watch the price go down.
Roll Eyes

The war is on!

blastbob
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December 13, 2013, 08:37:11 PM
 #356

A couple of questions:

1) What is the total amount of outstanding WeExchange balances? In other words, what percentage of the coins owed is that 386 btc?


For what its reported here: https://bitcointalk.org/index.php?topic=337523.0 it should be ~30% of total coins. Not bad for now I guess.

Ill guess less than 10%. Not all is documented on that post.

Psst.. Got Ether?
CumpsD
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December 13, 2013, 09:06:54 PM
 #357

What about Ukyo.Loan?
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December 13, 2013, 09:10:44 PM
 #358

For now it's all good.
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December 13, 2013, 09:30:12 PM
 #359

As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.

There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.

All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.

Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.

This is far from ideal, but it gets every satoshi that is available to those with outstanding balances. When we are able, we will announce more details on what is being done to repay the remaining coins that are owed to WeExchange.co users.

Tl;DR:  Bitcoin's second or third largest bank (Pirateat40's Bitcoin Savings & Trust being the first, with Tradefortress' inputs.io competing for second) steps in to make good on the coin lost in WeEx fiasco remind users to chillax 'till monday.
Much hand-wringing ensues. Nothing happens.  Nothing ever happens.  This is bitcoin.

Quote from: pirateat40 on November 03, 2011, 07:35:28 PM
Quote from: ElectricMucus on November 03, 2011, 07:31:04 PM
Smells like a classical HYIP scam.

If it were, people would have already known it was and I would have wasted my perfect OTC ratings. Sad
pascal257
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December 13, 2013, 10:08:59 PM
 #360

As was announced earlier, most of the coins that were stored in WeExchange.co are now gone. We are still limited in what we can share about how that happened, and what is being done about it, but we do have some updates.

There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.
It concerns me that they don't talk about the total btc count. They would do that if a sufficient amount of btc would still be available.

Also I'd like to know what the chances are for restoring the coins.
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