[UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.5

[BlueMan.]

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[BlueMan.]

[BitcoinNational]

comes to report
http://coinjournal.net/cryptsy-paul-vernon-exchange-china/

but looks like you'll are on top of this side tidbit ... see photos above ... yeap things are getting tighter for he who has absconded ...

Cryptsy lost 13,000 bitcoins and 300,000 Litecoins in a hack. Those claims have been questioned, as Cryptsy wallets for other altcoins have since been drained and numerous reports contradicted their story. Cryptsy claimed an article by former bitcoin outlet Coinfire caused a bank run on the site, after Coinfire reported that the exchange was under investigation by federal investigators.

Paul Vernon doesn’t appear to be laying low.  China is a very large place, one where it is easy to disappear into the anonymity afforded by 1.3 billion people, even for a Westerner.  But it is also a very harsh place. It will only take one person with enough Guanxi to bring the full force of the Chinese government down on him. At that point, we may see extradition to the United States, or a much harsher punishment.

Or maybe his hot streak of fleecing people’s coins will continue.

Much of the evidence in this article was originally uncovered by a variety of great bitcointalk.org sleuths. As always, thanks to them.

Go Blue!

[Gekko463]

China has no extradition agreement with the US.

Vern believes he will get away with this.

Only justice possible will be if a big Cryptsy bag holder goes to China, and "fixes" Vern Asian style (hiring young punks to beat him with crowbars while paying the cops to not care.  The cops can often provide the punks).  Vern knows all this, and the police are certainly on his payroll already.  If not, he is dumb.

This is rather easy to arrange in Vietnam over a few cups of tea and red envelopes.  I imagine in China it's easier.

But he won't be extradited.  The US would have to give up a dissident to torture and prison even if a one off exchange were to take place.  But $10 million or so is small potatoes that the US is just not going to give two shits about.

His wife might well lose her assets, but the pussy pass and arms length involvement will keep her out of jail.

Receiver just needs to hire one of you geeks to secure the wallets yesterday.  It is the closest thing to justice that is realistically possible.

[BitcoinNational]

OR

Only justice possible will be if a big Crypto players already in/from China, "fixes" Vern Asian style by making a legal example of him.

I think it maybe a safe bet 1 or 3 Chinese exchanges had their arbitrage accounts hacked/stolen.  A European exchange is on the record for already being stuck, doubt they were the only one.

I also doubt the officials see him as some kind of Edward Snowden, rather just another low life not welcome once his initial visa expires.  

"US is just not going to give two shits about."  Yes. True.

But he will be in the books as wanted.  That makes travel not easy.

Agree.
Receiver needs to hire several geeks.  Secure the property.  Help inform the Receiver on how refunding account holders works, help do it.  I see 100s of hours bill-able.  And for other coins that where Cry-fried to start tracing wallets, but I doubt the next moves will be so blatant and transparent.  But if other coin communities aid in making some noise it is very likely that some lawyers will be having you work with their paralegals moving funds to known secure addresses.  ASAP.

[Krypto Superdog]

the easiest way to get USD onto C-Cex is to send BTC and sell for USD.  It has actually been trading at a premium, so you can get more for your btc than what you pay at Circle or Coinbase.

Easiest way to withdraw USD is PayPal

[FallingKnife]

All this excitement seems to have spooked the Uno markets a little.

[edgar]

what a piece of shit, little vern is!!

has anyone seen his wife or his new love??

[balu2]

All this excitement seems to have spooked the Uno markets a little.

Still in disbelieve. I think we're kinda waiting for that 15k to leave bittrex just to be sure. Some kind of official statement from bittrex or Mr. Sallah would certainly help. 'Spooked' is actually the right word. Needs some time to get confidence back.

[BitcoinNational]

Disbelief.  Sums it up in one word.  
bump

--

However, UNO might have had a 'spooked' market anyways, looks like 99% of alts are going red.  I would guess it is mostly driven by the persistent rumour of BTC breaking out of $500.  I doubt there are many weak hands left in the UNOverse, but it may take several weeks for all things to sort themselves out.

I hope lines of communication stay open, and Mr. Sallah's office can be given a solid introduction on how2 create a secure address, transfer and store the funds, I would suggest that they use multi-sig too.

  

[Gekko463]

New theory:

Receiver, now regularly corresponding with Bittrex.  Relationship develops into just hiring Bittrex to hold the coins.  And store them cold.  Makes more sense than hiring a random geek.  Bittrex is regulated and beholden to the law.

So those tons will stay there, but with the keys secured, as they probably are already for UNO, the rest of the Cryptsy assets to follow.

Just a theory.  

[BitcoinNational]

It is more public ... meaning you can easily check that they are sitting on deposit ... likely to be checked often given it is posted on the trade books ... cross check on the block chain.

Bittrex/StateofFlorida sign a contract.  Nice and air tight.

Still like/prefer some multi-sig and cold storage.  Sure to be sure.

Frankly speaking, some or most of those UNO belong to UNO community members, FallingKnife is the de facto Representive of the Community, and the Community did in fact save a certain law firm from a great deal of embarrassment.  If anyone deserves to act as the 3rd party, tie breaker, then it would be UNO community with Knife as formal rep holding one of the priv keys.

[natmccoy]

Thanks to those who voted in my Twitter poll (FYI: submissions increased as soon as you retweeted me F.K.)

https://twitter.com/natmcmolecule/status/719376897717592064

It's an even split but it looks like people would like to see those 'in-limbo' coins redistributed to their rightful owners before accumulating more. It makes sense, you have to assume that at least some of those 15,072 coins will be sold once they're re-acquired. The thing is that it could literally take years to sort this out, so if you're waiting for Cryptsy funds to be redistributed you will miss out on many cycles of opportunity.

My cost-average decreased dramatically during the recent price spike, but I'm still accumulating below my average buy price.

I agree that bitcoin looks strong, & that has an effect on altcoin markets. I would like Unobtanium users to remember that you can margin-long bitcoin. So whether you are 100% bitcoin or 40% UNO 40% bitcoin & 20% 3x long bitcoin, you have the same bitcoin exposure. The difference is that in the latter scenario you have that Unobtanium counter-balance. I've got a bitfinex referral code on my twitch page (linked in my sig) if anyone wants to register to lend or margin trade. (of course you have to be very careful with margin trading in such volatile markets.)

[BitcoinNational]

To be honest in my opinion ... they will go to auction ... and that is 18 months or more down the road.  

First you have the bankruptcy, then the divorce, then if possible a long process of matching database records to rightful owners and the claims process.  UNO could be 4 or 5 market cycles from now.  

It will likely be a microcosm of the Silk Road saga ... and most of those coins were stock piled well below sub-$200 ... auctioned for +$700 in large lots.

[FallingKnife]

Hello guys & gals,
Would you like to help stick it to Big Vern?  This is your chance.

I spoke again with the Cryptsy conservator today. He explained that the current status of the UNO wallet that was stolen from Cryptsy is that it is frozen by Bittrex.  I've been asked to provide reasonable proof connecting the Bittrex wallet to Cryptsy. Bittrex understandably needs to cover themselves from a business & liability perspective. They didn't ask for stolen UNO to be sent to Bittrex, and have cooprated by freezing the wallet. Yet, it is reasonable that they have asked the conservator for some help to trace the funds.  Obviously, Bittrex doesn't watch the rockchain as closely as we do, and the conservator has no prior experience with UNO whatsoever, so we were asked to provide some help.  I think we can do this.   (and no, I'm not getting paid for any of this).

Did you escape Cryptsy with UNO in the final days?  I am looking for Cryptsy withdrawal transactions that can be traced directly to the big Cryptsy Cold Wallet.

Here is what would be helpful:

1) Transaction ID of your latest and largest withdrawals from Cryptsy that may have moved the Cold Wallet. I'll take anything at this point.  Something from January would be great, but if you pulled out 2k UNO from Cryptsy in 2014, I'll be glad to work with that.

2) This is a bonus:  you still control the wallet that received the UNO from Cryptsy, and ideally you have the ability to sign a message from the wallet.

3) Super bonus: you would be ok identifying yourself to the conservator who is trying to recover the Cryptsy wallet, perhaps making a statement that you did indeed trigger that transaction which moved the Cryptsy cold wallet.

I'll be happy with #1, but #2 & #3 would clinch it.  If you PM me the transaction, I will keep it confidential.  If you feel comfortable posting the info here, then go ahead do that so everyone in the world can also sleuth the rockchain, but just know that you will be revealing your wallet.

[natmccoy]

So he didn't use the Bittrex account of paulvernon@cryptsy.com? He's smarter than we thought! 


Seriously though, I don't think a lone TxID would prove anything. You'll need all 3 pieces of data from several people, you've got to prove that many separate individuals were triggering changes to this wallet (even that wouldn't be definitive proof). I would be surprised if Bittrex doesn't have plenty of data from people moving UNO directly from Cryptsy to Bittrex. Just copy-paste the last 1-100 iterations of that wallet into some kind of database search & they will see dozens of incoming transactions from different accounts. Bittrex > Cryptsy transactions went into 'hot addresses' that weren't directly linked to the 'cold wallet' so they wouldn't be of use, but Cryptsy > Bittrex transactions were probably much more common during the months of Cryptsy's downfall.

[FallingKnife]

So he didn't use the Bittrex account of paulvernon@cryptsy.com? He's smarter than we thought!  

Apparently, he did not.
I found this one, though...
paulevernon@yahoo.com


Maybe he used that one instead.

[natmccoy]

https://twitter.com/cryptsy/status/719773151098327040

Tweet by Cryptsy reads: "Internet & wallet server physical location has been given to the receivership representative.  Bittrex held funds information was also given."

I'm so confused.

"Bittrex held funds" implies that the recent movements were not meant to be underhanded. Given how brazen they were I would be inclined to believe that if it weren't for the immediate selling of UNO once the transaction got the necessary confirmations. Maybe it was a Cryptsy intern thinking, "Eh, 180 of those UNO belonged to my account so I'll just sell 'em real quick while I'm here."

[FallingKnife]

Seriously though, I don't think a lone TxID would prove anything.

If we know that you withdrew from Cryptsy to an address that you control, that the transaction originated on the transaction chain between the uRAN wallet and the Bittrex wallet, that should be reasonable proof that Cryptsy ultimately controlled the wallet.  I am not an attorney, but I play one on Bitcointalk. This is not a criminal case, it's civil, which has a lower standard of proof.

I'll have more to share soon, but if anyone has withdrawal transactions they can share with me, we can stick it to Big Vern in a big way.

[FallingKnife]

https://twitter.com/cryptsy/status/719773151098327040

Tweet by Cryptsy reads: "Internet & wallet server physical location has been given to the receivership representative.  Bittrex held funds information was also given."

I'm so confused.

"Bittrex held funds" implies that the recent movements were not meant to be underhanded. Given how brazen they were I would be inclined to believe that if it weren't for the immediate selling of UNO once the transaction got the necessary confirmations.

Thats new.  The servers are at Digital Ocean. So what.  Did he provide the passwords to the servers and coin wallets along with the "server location"? Thats the big question.

Giving up the physical location of the servers is hardly cooperation.  
Lets deprive him of his UNO wallet, and then help put his ass in jail for stealing frozen funds from a court. The UNO community may be the only people who can do this. We can prove that wallet originated at Cryptsy, and then Bittrex can prove that he began to liquidate that wallet. Then we wait.