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

[Herodes]

Still no update on bitcoinica.com to make aware to their clients who don't visit this forum about the latest.

2012-06-17 Claims Payments Specifics

Be sure to fillout the payment instructions section of the claim.
Failure to do so will significantly delay claims.

This is 100% unacceptable. Correct me if I'm wrong.

~Bruno~

The people responsible don't care, and soon we'll see more funds 'vanish'.

[repentance]

This is 100% unacceptable. Correct me if I'm wrong.

~Bruno~

I agree that there needs to be an update soon.  I'm just not sure what they could actually say at this point.  People aren't going to find "we're seeking advice on how best to handle the situation following recent events" very satisfying, even if it is factually correct.

[MelMan2002]

This is 100% unacceptable. Correct me if I'm wrong.

~Bruno~

I agree that there needs to be an update soon.  I'm just not sure what they could actually say at this point.  People aren't going to find "we're seeking advice on how best to handle the situation following recent events" very satisfying, even if it is factually correct.

The thing is, I don't think they are even seeking advice at this point.  I think they are just waiting to see what happens next.  It is absolutely aggravating.

[repentance]

I see there being two options, intersango giving up control back to the owners, or the owners sue intersango for control.

first option is easy, second option will take years.

There's not really any way for the Intersango guys to give control back to "the owners".  The structure of the partnership is such that Bitcoinica Consultancy Limited (the Intersango guys) are effectively directors and Wendon are effectively shareholders.  The only quick option is them jointly agreeing to dissolve the partnership and wind the business up in liquidation - "quick" being a relative term here.  Either party can apply to a court to have the partnership wound up in liquidation but that just wastes both time and money. 

Wendon has no reason at all to want "control", because with control would come liability (the whole point of being a limited partner is to limit your liability).

[shockD]

My word, what a mess.

Well, I've railed on people enough for trusting these folks in the first place. I'll just say I sincerely hope all works out for the best for all of you still waiting on this. For those of you in the northern hemisphere anyway, it's summer, go float down some rivers on inner-tubes, have some bbq's and drink heavily with friends while you're waiting this out. Good luck. 

[smoothie]

My word, what a mess.

Well, I've railed on people enough for trusting these folks in the first place. I'll just say I sincerely hope all works out for the best for all of you still waiting on this. For those of you in the northern hemisphere anyway, it's summer, go float down some rivers on inner-tubes, have some bbq's and drink heavily with friends while you're waiting this out. Good luck. 

+1....and those invested in Pirate's "business".....don't be surprised if something goes wrong and you end up losing some if not all of your investment.

[Vod]

My word, what a mess.

Well, I've railed on people enough for trusting these folks in the first place. I'll just say I sincerely hope all works out for the best for all of you still waiting on this. For those of you in the northern hemisphere anyway, it's summer, go float down some rivers on inner-tubes, have some bbq's and drink heavily with friends while you're waiting this out. Good luck. 

+1

Good luck all involved.

[dopamine]

Bump because I never got any of bitcoins back, and still no update from bitcoinica...

[crazy_rabbit]

[almackska]

So........ Money?

http://video.adultswim.com/family-guy/you-got-my-money-now.html

[S3052]

So....

Will we see further payouts? And if yes, when?

[Vod]

So....

Will we see further payouts? And if yes, when?

Right now Zhou Tong is watching what kind of reaction the community will have to his theft.  If it turns out he is charged or beaten up, he may give back some of the money - but he has already spent the majority of it on personal debts, such as mortgages for his family.

[sarpar]

So....

Will we see further payouts? And if yes, when?

Right now Zhou Tong is watching what kind of reaction the community will have to his theft.  If it turns out he is charged or beaten up, he may give back some of the money - but he has already spent the majority of it on personal debts, such as mortgages for his family.

He could at least start to gather all available funds in one address (so we can see what is there) and hand it over to Bitconica as soon as they figured out their responsibilities.

[Clipse]

So....

Will we see further payouts? And if yes, when?

Right now Zhou Tong is watching what kind of reaction the community will have to his theft.  If it turns out he is charged or beaten up, he may give back some of the money - but he has already spent the majority of it on personal debts, such as mortgages for his family.

Not our worries, its time to morgage or sell their property.

[Vod]

So....

Will we see further payouts? And if yes, when?

Right now Zhou Tong is watching what kind of reaction the community will have to his theft.  If it turns out he is charged or beaten up, he may give back some of the money - but he has already spent the majority of it on personal debts, such as mortgages for his family.

He could at least start to gather all available funds in one address (so we can see what is there) and hand it over to Bitconica as soon as they figured out their responsibilities.

Why?  Are those the actions of a dishonorable thief?

[guruvan]

LOL. hand it over to bitcoinica? So it can get jacked again?

No, it should be put into receivorship and get these thieves out of the loop.

[Phinnaeus Gage]

Thanks, you crazy rabbit, for taking up on my suggestion and running with it. Fine shop-job!

~Bruno~

[Bitcoin Oz]

https://bitcointalk.org/index.php?topic=55970.msg673426#msg673426

One has to wonder who this "advisor" is.

[Bitcoin Oz]

[dopamine]

If no payouts are happening then how long till legal action takes place?