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

[genjix]

mlawrence, call the police. I will cooperate fully.

Also, it wasn't our staff that lost the backups. Zhou was admining the site, and he had no backups. One of our responsibilities would have been to create a backup system after the takeover.

... I've been researching Donald's username on that forum, Do he post here ? if so what is it ?

He doesn't interact much with the community. He sometimes uses the nickname Incitatus on IRC.

[1713538064]

1713538064

[1713538064]

1713538064

[1713538064]

1713538064

[Vod]

mlawrence, call the police. I will cooperate fully.

I can't call the police!  No crime has happened to me (yet).

If you are so willing to cooperate - why don't you take 10 seconds and call them yourself?

The whole forum is wondering that - WHY?

[Vod]

Also, it wasn't our staff that lost the backups. Zhou was admining the site, and he had no backups. One of our responsibilities would have been to create a backup system after the takeover.

See, there is a reason children should not be trusted with important projects.   

[bulanula]

mlawrence, call the police. I will cooperate fully.

I can't call the police!  No crime has happened to me (yet).

If you are so willing to cooperate - why don't you take 10 seconds and call them yourself?

The whole forum is wondering that - WHY?

Exactly.

No police = no crime to me and others.

Hacking into your email server and deleting databases for malicious intent = misuse of Computer Act !

Does not matter if it was BTC related or not. Hacking into servers causing huge loss of $$$ = police case filed.

It is what I would do if I was a professional like yourselves and trying to make it look authentic even if it was inside job.

But you are not even trying to hide here because you know mybitcoin stole 49% and got away with it so why can't you do that too while hiding under the thick corporate veil you setup ?

[proudhon]

I actually regret joining the dog pile to the extent I have in the past, and my sympathy for Amir and friends' position has grown over the weeks.  My main frustration was the lack of communication.  When I finally received an email response, even though it was extremely brief, it was enough.  Lots of us aren't asking for much in the way of communication.  So, that's my main criticism - that there's been an real lack of communication.  Most level headed people are willing to be patient as long as they don't get the sense that they're being completely ignored.  Though, on the other hand, I understand that the backlog and workload is pretty heavy and that time responding to emails and posting on the forum is time away from processing claims.  But then, perhaps a post with a bit more detail about all that would have helped.  In any event, my gratitude to the work Amir and the rest of them have been doing.  I have no doubt this is stressful and difficult, and you're getting a lot of shit in return.  

[Transisto]

...  Most level headed people are willing to be patient as long as they don't get the sense that they're being completely ignored.  Though, on the other hand, I understand that the backlog and workload is pretty heavy and that time responding to emails and posting on the forum is time away from processing claims.  But then, perhaps a post with a bit more detail about all that would have helped.  In any event, my gratitude to the work Amir and the rest of them have been doing.  I have no doubt this is stressful and difficult, and you're getting a lot of shit in return.  

+1

[thest0ckman]

genjix can you please look into my account it is the same user name i use on this forum.

can you tell us when holders of us dollars will get paid?

[Transisto]

genjix can you please look into my account it is the same user name i use on this forum.

can you tell us when holders of us dollars will get paid?

No he can't please PM or email him.

For enquiries email: bitcoinica.reimburse@gmail.com

[BadBitcoin (James Sutton)]

to be honest genjix, all of these frustrations in this thread will cease once we start seeing progress, I don't think anyone here is angry at you personally, just (like me) wants their money back.

[genjix]

I am supposed to only give out the status for emails. Accounts are in 3 states:

- Fake. This is a minority of accounts so far we are certain are impostors.
- Accurate. At my last count, this was around 1 in 20 (5%). Only a portion of these has been paid so far. Still working through paying these people back (I don't have access to funds personally. It works like Donald gets a portion and does them in chunks at a time with proper authorisation from Tihan and Patrick).
- Queued. Majority of claims are in the queue waiting to be examined. Around half (a guess) of claims I believed were accurate, and various fakes got pushed back into the "lets examine then later category". Most simply haven't been looked at yet.

The idea is to sort out claims with the highest certainty (this means quicker payouts), then as you work down, you reconcile them with other payments. I know people here are congratulating me, but I've actually been a hindrance for the claims process. Several times, I caused some mix-ups and confusion so Donald hands me batches/tasks to complete at a time.

[disclaimer201]

Ok now, dudes that are not missing a single dime shall piss off and let the crew work. Go and publish your conspiracies in another thread. Here, we care about being paid back only. I'd really like to see everyone of the bigger fish to start seeing some cash, at some point you just have to take on higher risk. Can't wait forever to pay out the larger sums.

I don't agree with blackmailing, but right now a police investigation is very late and above all, useless. It's only going to distract the payout process. Again, start paying the big fish so people will be relieved and tension goes down.

[Transisto]

Ok now, dudes that are not missing a single dime shall piss off and let the crew work. Go and publish your conspiracies in another thread. Here, we care about being paid back only....

You might want to subscribe to this locked thread instead to avoid the casual useless posts.
https://bitcointalk.org/index.php?topic=89782.0

I'm re-posting (within an hours) every Genjix and phantomcircuit post related to Bitcoinica.
I might also post relevant posts made by other users (to my discretion).

[ashleyconnor]

Sub 

Naughty...

Are you an Intersango sock puppet ?

Hello all,
I'll be incorporating here in the UK and setting up bank accounts in England to accept sterling and Ireland to accept Euros. There doesn't seem to be any easy way accept US dollars without substantial wire fees.

...sorry. Had to ask.

Just seen this.

No we're not trying to get into the exchange business. Their email leak was the best indication of the UK bitcoin market which according to the leak is virtually non-existent.

[flower1024]

please STFU about the police, what do you want them to do? magically fixing the database, so that everyone can get there money? shoot genjix?


they can do absolutely nothing in this case, except messing things more up. so please STFU.

You STFU.   It's important for people to understand this was an inside job.

why is it important?

personally i dont care; i just want to have my money back (btw this thread is called "Payout update" not "find the hacker").

It's important because people are talking about trusting these scammers a second time.  And btw, the thread is called security investigation as well.

Your post is so incredibly selfish... you don't care how many coins they steal from others as long as YOU are made whole.  Pathetic.

i am not selfish. i just dont like playing police.
and: if everybody gets back their money i dont see a problem with trusting them again.

just keep in mind their information policy

[dopamine]

I will not be using bitcoinica if they ever go back online, this is unacceptable, hopefully bitdaytrade.com will replace bitcoinica.com

[S3052]

If they go back online, I would consider using them again, but only if I will get the funds back soon. I do not accpet this taking longer than 2 months

[dopamine]

Well anyone that has funds or bitcoins with bitcoinica is experiencing what a bank holiday is. This is not acceptable, what they should of did was return everyone funds/bitcoins @ 100% whatever was deposited. Why should a customer absorb any losses on open positions or have to wait over a month to receive there funds. The worst part is I haven't even seen 50% of my bitcoins. Now the question is how many months will it take to get 100% refund? 3 months? 6 months?

[guruvan]

OK - so........... I got a mail that my account is verified as accurate - but nothing but crickets after.

I was apparently under the mistaken impression that meant I was to see some kind of funds returned?

Again - wtf? Kinda irritating because now I'm checking the damn inbox again, and I really don't want to check if the check isn't coming in the mail.

Or, are we doing the - communicate one line of email and then nothing for yet another month. This game is getting tiring

[S3052]

OK - so........... I got a mail that my account is verified as accurate - but nothing but crickets after.

I was apparently under the mistaken impression that meant I was to see some kind of funds returned?

Again - wtf? Kinda irritating because now I'm checking the damn inbox again, and I really don't want to check if the check isn't coming in the mail.

Or, are we doing the - communicate one line of email and then nothing for yet another month. This game is getting tiring

same for me, checking emails several times per day, without any news any more.. very disappointing

[Vladimir]

Bitcoinica LP crew is definitely not businessmen at heart. Should have set up a blog, with daily updates, put adsense ad on it. They would by now make more money out that blog that it was stolen. LOL