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Author Topic: MyCoin Went Bankrupt? Were you a victim?  (Read 2614 times)
Itsumo (OP)
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February 10, 2015, 01:53:23 PM
 #1

Ok so the story is, HongKong Bitcoin Exchange ran with the investors millions.

If I am one of the victims, what should I do?

Bitcoin Exchange MyCoin Bows Down To Bankruptcy, Took Investors Money


Is there a chance to get our investments back? How?
MCHouston
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February 10, 2015, 02:44:20 PM
 #2

Hire a lawyer, hope your government does a good job of finding all the companies assets and hope there is enough you will get some of your money back.

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February 10, 2015, 02:45:13 PM
 #3

Hire a lawyer, hope your government does a good job of finding all the companies assets and hope there is enough you will get some of your money back.

dream, dream ! Smiley


http://www.reuters.com/article/2015/02/10/us-bitcoin-hongkong-idUSKBN0LE09A20150210
Itsumo (OP)
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February 10, 2015, 03:30:53 PM
 #4

Hire a lawyer, hope your government does a good job of finding all the companies assets and hope there is enough you will get some of your money back.

dream, dream ! Smiley


http://www.reuters.com/article/2015/02/10/us-bitcoin-hongkong-idUSKBN0LE09A20150210

No possibility of getting back your money?
thejaytiesto
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February 10, 2015, 03:45:18 PM
 #5

Hire a lawyer, hope your government does a good job of finding all the companies assets and hope there is enough you will get some of your money back.

dream, dream ! Smiley


http://www.reuters.com/article/2015/02/10/us-bitcoin-hongkong-idUSKBN0LE09A20150210

No possibility of getting back your money?

Same thing as Mt Gox... who got their money back?

Put your bitcoin in a centralized exchange = you are risking your money. Specially in China when bitcoin is "half ilegal". Why would the authorities be forced to save your ass?

Coinbase and Gemini are the only exchanges that are worth trusting at.
LiteCoinGuy
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February 10, 2015, 05:53:12 PM
 #6

Adding to the mystery are reports the company never operated as a genuine bitcoin business at all. Testimonies from customers describe an operation more like a Ponzi scheme that used the veneer of bitcoin trading as its lure.

One local woman was quoted as saying:

    "We were told by those at higher tiers [of the scheme] that we can get our money back if we find more new clients."

Adding to the business' pyramid-like feel were promises of cash prizes or Mercedes-Benz cars if customers could recruit new investors, said a report in Hong Kong's South China Morning Post.




i think thats a good lesson for you  Smiley

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February 10, 2015, 05:57:50 PM
 #7

This is fake news. Everyone in internet blame bitcoin for another "mtgox" case. This new is fake! This company has nothing to do with bitcoin and was only a ponzi that has steal only fiat money for investors and that money was not even 350 million dollar. There is no any source about how many was.
Is a shame for new site like Coindesk to have this fake number and news in their front page. I think the propose for all that negative fake news is the pressure of bitcoin price.

http://www.reddit.com/r/Bitcoin/comments/2v89ee/investors_fear_up_to_400_million_losses_in/

Can anyone find the official Hong Kong Monetary Authority statement for bitcoin in their official site?

http://www.hkma.gov.hk/eng/key-information/press-releases/2015/20150210-4.shtml

i see and this news all over the internet but i cant find a link to their official statement. Is common official statements to be public but i cant find any link to that in their official site.

http://www.reuters.com/article/2015/02/10/bitcoin-hongkong-idUSL4N0VK1J520150210
http://www.coindesk.com/hong-kong-central-bank-warns-bitcoin-following-alleged-scam/


and this has and picture in that

http://newsbtc.com/2015/02/10/investors-bite-dust-hong-kong-central-bank-releases-statement-bitcoin/

all this negative recent news that blame so easy bitcoin imo is an inside job from well known bitcoin investors./ The real target is the next big batch of 50.000 bitcoins from silk road.

http://www.bitcoin-gr.org
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VulgusMan
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February 10, 2015, 06:33:46 PM
 #8

Ok so the story is, HongKong Bitcoin Exchange ran with the investors millions.

If I am one of the victims, what should I do?

Bitcoin Exchange MyCoin Bows Down To Bankruptcy, Took Investors Money


Is there a chance to get our investments back? How?

the answer it is really simple...

and unfortunately it is...

NO!!!

 Embarrassed

oblivi
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February 10, 2015, 07:04:32 PM
 #9

I decided to stop the habit of letting my coins inside other people's hands since Mt Gox.
lolled
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February 10, 2015, 07:11:37 PM
 #10

I decided to stop the habit of letting my coins inside other people's hands since Mt Gox.

Thats the best decision any one can make, specially with bitcoin

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February 10, 2015, 08:05:25 PM
 #11

I decided to stop the habit of letting my coins inside other people's hands since Mt Gox.

Thats the best decision any one can make, specially with bitcoin

+1

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

i like gbianchi signature!!!

;-)

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Deadstock
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February 10, 2015, 08:21:41 PM
 #12

I decided to stop the habit of letting my coins inside other people's hands since Mt Gox.
Lesson learned indeed
Netnox
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February 10, 2015, 08:32:22 PM
 #13

No i dont do business with chinese exchanges because its harder to deal with than western exchanges, they seem less trustable to me from past bitcoin events in comparison to a regulated exchange in the west.
Itsumo (OP)
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February 11, 2015, 12:59:11 AM
 #14

I decided to stop the habit of letting my coins inside other people's hands since Mt Gox.
Lesson learned indeed

And still people doesnt learn..
Cryptonitex
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February 11, 2015, 01:00:18 AM
 #15

Sucks, hard to trust services as they can just run off with your coins.
tadakaluri
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February 11, 2015, 04:39:54 AM
 #16

This is fake news. Everyone in internet blame bitcoin for another "mtgox" case. This new is fake! This company has nothing to do with bitcoin and was only a ponzi that has steal only fiat money for investors and that money was not even 350 million dollar. There is no any source about how many was.
Is a shame for new site like Coindesk to have this fake number and news in their front page. I think the propose for all that negative fake news is the pressure of bitcoin price.

http://www.reddit.com/r/Bitcoin/comments/2v89ee/investors_fear_up_to_400_million_losses_in/

Can anyone find the official Hong Kong Monetary Authority statement for bitcoin in their official site?

http://www.hkma.gov.hk/eng/key-information/press-releases/2015/20150210-4.shtml

i see and this news all over the internet but i cant find a link to their official statement. Is common official statements to be public but i cant find any link to that in their official site.

http://www.reuters.com/article/2015/02/10/bitcoin-hongkong-idUSL4N0VK1J520150210
http://www.coindesk.com/hong-kong-central-bank-warns-bitcoin-following-alleged-scam/


and this has and picture in that

http://newsbtc.com/2015/02/10/investors-bite-dust-hong-kong-central-bank-releases-statement-bitcoin/

all this negative recent news that blame so easy bitcoin imo is an inside job from well known bitcoin investors./ The real target is the next big batch of 50.000 bitcoins from silk road.

Even it is a Investment/Ponzi,  All investments made by BTC - So, only BTC Users are LOOSE their money.
Beliathon
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February 11, 2015, 05:26:54 AM
 #17

MyCoin goes bankrupt.

Hodlers not affected.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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February 11, 2015, 10:46:21 AM
 #18

This is fake news. Everyone in internet blame bitcoin for another "mtgox" case. This new is fake! This company has nothing to do with bitcoin and was only a ponzi that has steal only fiat money for investors and that money was not even 350 million dollar. There is no any source about how many was.
Is a shame for new site like Coindesk to have this fake number and news in their front page. I think the propose for all that negative fake news is the pressure of bitcoin price.

http://www.reddit.com/r/Bitcoin/comments/2v89ee/investors_fear_up_to_400_million_losses_in/

Can anyone find the official Hong Kong Monetary Authority statement for bitcoin in their official site?

http://www.hkma.gov.hk/eng/key-information/press-releases/2015/20150210-4.shtml

i see and this news all over the internet but i cant find a link to their official statement. Is common official statements to be public but i cant find any link to that in their official site.

http://www.reuters.com/article/2015/02/10/bitcoin-hongkong-idUSL4N0VK1J520150210
http://www.coindesk.com/hong-kong-central-bank-warns-bitcoin-following-alleged-scam/


and this has and picture in that

http://newsbtc.com/2015/02/10/investors-bite-dust-hong-kong-central-bank-releases-statement-bitcoin/

all this negative recent news that blame so easy bitcoin imo is an inside job from well known bitcoin investors./ The real target is the next big batch of 50.000 bitcoins from silk road.

Even it is a Investment/Ponzi,  All investments made by BTC - So, only BTC Users are LOOSE their money.

if you really think so...
what are you doing here???

 Cool Cool Cool
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February 11, 2015, 10:57:15 AM
 #19

there was no bitcoins ,3000 people bought noin existant  bitcoins WITH CASH   as far as i can gather at a vastly reduced price
then when they went to withdraw them after a few months the site naturally collapsed since it was built on smoke and mirrors like all ponzis are

who really expected to make hundreds of % in profit in a mere 3 months or so ? if that were even possible the ponzi owner would have just invested his own money

its like these sites that offer to double your btc in 24/48 hrs etc

if they could really do that ,they would just be doing it instead of hanging out looking for fools on forums to "invest"
VulgusMan
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February 11, 2015, 09:19:06 PM
 #20

there was no bitcoins ,3000 people bought noin existant  bitcoins WITH CASH   as far as i can gather at a vastly reduced price
then when they went to withdraw them after a few months the site naturally collapsed since it was built on smoke and mirrors like all ponzis are

who really expected to make hundreds of % in profit in a mere 3 months or so ? if that were even possible the ponzi owner would have just invested his own money

its like these sites that offer to double your btc in 24/48 hrs etc

if they could really do that ,they would just be doing it instead of hanging out looking for fools on forums to "invest"

just one word

PONZI!!!

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