[Payout Updates] Bitcoinica site is taken offline for security investigation

[carafleur]

My guess is that all players involved in this transaction are being held up, yours among them, Goat: http://blockchain.info/tx-index/5416502/7a22917744aa9ed740faf3068a2f895424ed816ed1a04012b47df7a493f056e8

But what do I know? I'm only an alpaca.

~Bruno~

My last bitcoinica address is in this huge list.
I had no communication from bitcoinica except concerning the claim form, and they never answered my emails.
No idea whereas my account is 'accurate' or whatever.
Maybe I should have forgotten to tell them about these last BTC I sent...

[1713978526]

1713978526

[1713978526]

1713978526

[1713978526]

1713978526

[1713978526]

1713978526

[ninjarobot]

Core Credit LTD is a New Zealand Limited Company and the General Partner of Bitcoinica LP.

Ah this is new info. On 2012/06/07 Amir claimed that Core Credit Limited is Tihan's Parent company (the Limited Partner). See: https://bitcointalk.org/index.php?topic=84042.msg946751#msg946751  

Core Credit LTD was renamed to Bitcoinica Consultancy LTD significantly after the events occurred.

Yes it happened on 2012/05/30 and it was never explained why this happened despite me asking repeatedly. Nevertheless the legal incorporation date for Bitcoinica Consultancy is 2012/01/30 according to the NZ documentation.

Look at the documents posted up on the New Zealand Companies House website for the company you just linked: here. If you look through it, the company was registered as Core Credit Limited on the 30th of January 2010 and it was renamed to Bitcoinica Consultancy LTD on the 30th of May. Your own references show that phantomcircuit is right and you're lying through your teeth. This isn't new information either, someone noticed it and brought it up ages ago.

After some more digging I found that you are correct; It is not new info and it does seem I made some false assumptions in one of my earlier posts. See: https://bitcointalk.org/index.php?topic=84042.msg953181#msg953181

I assumed CORE CREDIT was the limited/banking partner (Tihan's fund) and BITCOINICA CONSULTANCY the general partner (the Intersango Guys). But I found an earlier post from Zhou that is pretty clear on the topic. See: https://bitcointalk.org/index.php?topic=81045.msg918845#msg918845

Certification of Incorporation: http://www.societies.govt.nz/scanned-images/17/BC10060962017.pdf

Application for registration of a Limited Partnership: http://www.societies.govt.nz/scanned-images/06/BC10060962006.pdf

These are public documents (free).

The general partner listed is Core Credit Limited, and Bitcoinica Consultancy Limited is a reserved company name (it can be reserved for Core Credit or a new company).

Since the sole shareholder of Core Credit has nothing to do with Donald, Patrick and Amir, I believe that they have private agreement or there are ownership changes that are not submitted to the register.

And: https://bitcointalk.org/index.php?topic=79688.msg883562#msg883562

Bitcoinica has started using a new bank account in New Zealand for wire transfers. This account is opened with Bitcoinica's banking partner Core Credit Limited (an approved FSP in New Zealand).

I thought the company name change on May 30 from CORE CREDIT > BITCOINICA CONSULTANCY indicated something dodgy since there was an earlier BITCOINICA CONSULTANCY record that was withdrawn. But actually it seems this was part of the normal formation process that apparently only completed some time after the hack. (I assumed the process was complete on April 24 since that was when Bitcoin Consultancy's new role in Bitcoinica was publicly announced).

May I remind you that:

• On 2012/01/30 Bitcoin Consultancy became Bitcoinica Consultancy Ltd. (*1)

[...snip...]

References:
1) http://www.business.govt.nz/companies/app/ui/pages/companies/3715077

There is no way you could possibly have interpreted the linked reference to mean what you say it does.

I should probably have been clearer in my wording here. I did not mean that the corporate entity Bitcoin Consultancy became Bitcoinica Consultancy, merely that the same individuals behind the Bitcoin Consultancy became the owners of Bitcoinica Consultancy. See: https://bitcointalk.org/index.php?topic=83711.msg922963#msg922963

Bitcoinica Consultancy has three people including two technical experts. They have been working in Bitcoinica for more than one month. And they're assumed to bear all liabilities of Bitcoinica LP.

And from Tihan: https://bitcointalk.org/index.php?topic=81045.msg919130#msg919130

The members of Bitcoin Consultancy operated Bitcoinica via a separate New Zealand Ltd company formed for this purpose.

I'm sorry if I added to the confusion. And if anybody feels I have personally defamed them then I offer my apologies. My intent is not to deceive but to understand what is going on and who is in charge since I have a not insignificant balance in Bitcoinica that I would like to see returned. That is all. I assure you that trying to figure out corporate structures is not my expertise nor my hobby ;)

[genjix]

Posting an update soon.

[tbcoin]

Posting an update soon.

good news?

[zhoutong]

Posting an update soon.

good news?

If it's related to my previous email to the Bitcoinica team, no, it's a bad news.

[dancingnancy]

Posting an update soon.

good news?

If it's related to my previous email to the Bitcoinica team, no, it's a bad news.

Well, you took the excitement out of that quickly.

[proudhon]

Oh good lord, what's going on in here?

[bitcoinBull]

Posting an update soon.

good news?

If it's related to my previous email to the Bitcoinica team, no, it's a bad news.

This was a pointless and malicious comment.

Are you trying to further harm their reputation or your own? Because they're not entirely separate.

[zhoutong]

Posting an update soon.

good news?

If it's related to my previous email to the Bitcoinica team, no, it's a bad news.

This was a pointless and malicious comment.

Are you trying to further harm their reputation or your own? Because they're not entirely separate.

No, I was merely stating a fact. I discovered something unusual and I emailed them. They promised an update. And that's it.

I don't have the right to update you publicly because I have some advantage in obtaining insider information.

I'm not part of the "bad news" and I'm not involved in Bitcoinica. If I didn't tell them they will discover the problem anyway.

[bitcoinBull]

Posting an update soon.

good news?

If it's related to my previous email to the Bitcoinica team, no, it's a bad news.

This was a pointless and malicious comment.

Are you trying to further harm their reputation or your own? Because they're not entirely separate.

No, I was merely stating a fact. I discovered something unusual and I emailed them. They promised an update. And that's it.

I don't have the right to update you publicly because I have some advantage in obtaining insider information.

I'm not part of the "bad news" and I'm not involved in Bitcoinica. If I didn't tell them they will discover the problem anyway.

You must still be involved to some degree if you were able to discover "something unusual". And if you don't have the right to update publicly, then you shouldn't make public hints. It only thickens the fog of uncertainty and rumors surrounding your former company. Clearly, you only made that comment because you have an axe to grind.

[Al the Alpaca]

I was giving them such a hard time because my accurate account status was not paid in a month and that was just uncalled for. However now that is see that my account is no longer accurate and they want time to double check it, it is a whole different game.

My account has been marked accurate for about the same time, but nothing yet.

You should have them see if it is "formatted correctly" and if it is, ask why the delay. Also if it is a large account there will also be delay. I only have 700 BTC and they find this to be a large amount. :/

My guess is that all players involved in this transaction are being held up, yours among them, Goat: http://blockchain.info/tx-index/5416502/7a22917744aa9ed740faf3068a2f895424ed816ed1a04012b47df7a493f056e8

But what do I know? I'm only an alpaca.

~Bruno~

Yeah, I wonder if you are right. That is proof my coin was at bitcoinica so them saying they need more delay is just silly...

Another thing I can't figure out is how so many of those addresses split, with the other half (not true halves) all working their way to THAT ONE BIG FAT WALLET.

~Bruno~

[Transisto]

I'm fearful not to be able to handle the bad news.  

[rjk]

<begin baseless speculation>
Hmm. SQL injection caused massive database fuckup?
Perhaps the email server was re-compromised!
Maria is being a bitch and freezing everyone's funds with a douchenozzle lawsuit?
Someone essential to the process died suddenly, perhaps!
<end baseless speculation>

Whaddya think?

[tbcoin]

Posting an update soon.

good news?

If it's related to my previous email to the Bitcoinica team, no, it's a bad news.

This was a pointless and malicious comment.

Are you trying to further harm their reputation or your own? Because they're not entirely separate.

No, I was merely stating a fact. I discovered something unusual and I emailed them. They promised an update. And that's it.

I don't have the right to update you publicly because I have some advantage in obtaining insider information.

I'm not part of the "bad news" and I'm not involved in Bitcoinica. If I didn't tell them they will discover the problem anyway.

You must still be involved to some degree if you were able to discover "something unusual". And if you don't have the right to update publicly, then you shouldn't make public hints. It only thickens the fog of uncertainty and rumors surrounding your former company. Clearly, you only made that comment because you have an axe to grind.

I disagree with you, I have a question and zhou has answered from knowledge of information that could contain that update.  Certainly it is frustrating to be told "bad news",but I prefer to know they exist, though not be the reason for the update announced.

[Al the Alpaca]

My guess is they got hacked again or Mt. Gox froze their account  

USD/fiat frozen in some bank pending an investigation, comes to this alpaca's mind.

~Bruno~

[Transisto]

/venting/ *

I've always been bullish even with BTC at 20$, I had ~3000btc+ on long positions, if you don't trust my claim, I can provide all my old wallet.dat, that show all my generated blocks and all of my 1500+ transactions. Also my full mtgox history, even my mt.gox password so you can look for yourself.
You can also have all my receipts detailing my hardware purchases.  Even have pictures of my over-sized electricity bills.
I'm really desperate and don't think I can be more transparent than that.

*Sorry I know this post is useless to most of you.

[Al the Alpaca]

/venting/ *

I've always been bullish even with BTC at 20$, I had ~3000btc+ on long positions, if you don't trust my claim, I can provide all my old wallet.dat, that show all my generated blocks and all of my 1500+ transactions. Also my full mtgox history, even my mt.gox password so you can look for yourself.
You can also have all my receipts detailing my hardware purchases.  Even have pictures of my over-sized electricity bills.
I'm really desperate and don't think I can be more transparent than that.

*Sorry I know this post is useless to most of you.

Wait till you see the forthcoming "Bad News"!

[btcprophet]

<continue baseless speculation>
They 'invested' all the moneys in Pirate's fund and now that the price has gone up the Pirate has disappeared with their coins!
Alien abduction
Zhou is really Bruce Wagner


Disclaimer: I have lost 50btc to Zhou's incompetence...

[tbcoin]

Now seriously. What is happening? Like many I have my claim fully documented and "marked  as accurate" for weeks. But I'm still with 0 refund.

They have the dollars and only lost a small part of their Bitcoins. Why are doing it so difficult? It takes less time send Bitcoins that write a mail "Marked as accurate."

Moreover it seems absurd that pretend to close positions at 0 profits. Those of us long to take those positions, we bought these bitcoin and bitcoinica still having them, so that these profits are real for they. The shorts,  sold, I don't would consider these lost, but rather that they don't have profit of the price increase.

[bitclown]

I'm fearful not to be able to handle the bad news.  

Bitcoin payouts suddenly stopped on wednesday, and now we're told to expect more bad news. Not sure whether to buy pitchforks for the mob or rope for myself. I always assumed everything I spent on bitcoin could be wasted, and initially wrote off my Bitcoinica balance as lost until the payouts began, but this knife-twisting is unbearable.