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Author Topic: Statement about the suspect of recent Bitcoinica hack  (Read 124463 times)
BitBuster
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August 05, 2012, 02:24:27 PM
 #1061

Regardless of the legal outcome, it is clear to see that all thefts from Bitcoinica were the result of:

1. Inside job.
2. Gross/Wilful Negligence.

Either way, all parties who had access to and responsibility (whether legal or de facto) for Bitcoinica are bang to rights guilty.

That is to say that the Intersango Trio of "security experts", Zhou Tong and anyone else with control or significant interest were either complicit in or masterminded deliberate fraud, or deliberately neglected to properly protect and secure the assets, making theft much easier than it should have been.

No sympathy or credibility should be afforded to any of these people; they are directly responsible for yet another embarrassing and despicable crime against the bitcoin community.


BB.
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Phinnaeus Gage
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August 05, 2012, 04:03:56 PM
 #1062

Regardless of the legal outcome, it is clear to see that all thefts from Bitcoinica were the result of:

1. Inside job.
2. Gross/Wilful Negligence.

Either way, all parties who had access to and responsibility (whether legal or de facto) for Bitcoinica are bang to rights guilty.

That is to say that the Intersango Trio of "security experts", Zhou Tong and anyone else with control or significant interest were either complicit in or masterminded deliberate fraud, or deliberately neglected to properly protect and secure the assets, making theft much easier than it should have been.

No sympathy or credibility should be afforded to any of these people; they are directly responsible for yet another embarrassing and despicable crime against the bitcoin community.

BB.

Hence my claim-to-flame Google Fuing, of which my Google history should be worth thousands, if not for the fact my efforts are being swept under an online porn site girl's Snuggie®.

The only saving grace is...

http://www.tnr.com/blog/plank/105649/bitcoins-are-back-least-porn-and-poker
Quote
Then, around May of this year, a strange thing happened: The number of daily bitcoin transactions, according to blockchain.info, suddenly doubled, tripled, then quadrupled. Finally, it seemed that denizens of the Internet had begun to appreciate the benefits of bitcoin not only as a get-rich-quick scheme but as a means of transaction.

The author fails to mention FULLY that the rise is/was mainly due in part to SatoshiDice. And who is this Paul Steinbart dude that the author is quoting, yet I can't find said quotes elsewhere, with the exception of Scoops?

~Bruno~
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August 05, 2012, 04:22:41 PM
 #1063

And who is this Paul Steinbart dude that the author is quoting, yet I can't find said quotes elsewhere, with the exception of Scoops?

Irfan E. Kanat, Paul Steinbart and Ajay Vinze “BitCoin: Fad or Disruptive Innovation”
http://wpcarey.asu.edu/directory/people/profile.cfm?person=2237587
http://wpcarey.asu.edu/directory/people/profile.cfm?person=1039653
http://wpcarey.asu.edu/directory/people/profile.cfm?person=1039600

That work is only listed on "Current Projects" of Ajay Vinze, interestingly.

BCB
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August 05, 2012, 04:27:41 PM
 #1064

And who is this Paul Steinbart dude that the author is quoting, yet I can't find said quotes elsewhere, with the exception of Scoops?

Irfan E. Kanat, Paul Steinbart and Ajay Vinze “BitCoin: Fad or Disruptive Innovation”
http://wpcarey.asu.edu/directory/people/profile.cfm?person=2237587
http://wpcarey.asu.edu/directory/people/profile.cfm?person=1039653
http://wpcarey.asu.edu/directory/people/profile.cfm?person=1039600

That work is only listed on "Current Projects" of Ajay Vinze, interestingly.

They don't look like bitcoiners.  They are all wearing ties.  Maybe they've never been to Vegas!
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August 05, 2012, 07:28:53 PM
 #1065

And who is this Paul Steinbart dude that the author is quoting, yet I can't find said quotes elsewhere, with the exception of Scoops?

Irfan E. Kanat, Paul Steinbart and Ajay Vinze “BitCoin: Fad or Disruptive Innovation”
http://wpcarey.asu.edu/directory/people/profile.cfm?person=2237587
http://wpcarey.asu.edu/directory/people/profile.cfm?person=1039653
http://wpcarey.asu.edu/directory/people/profile.cfm?person=1039600

That work is only listed on "Current Projects" of Ajay Vinze, interestingly.

I had no problem finding him. I just could find where the quote stemmed from since the author does state in the article I linked as to where and how he obtained said quote.

~Bruno~
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August 06, 2012, 08:10:27 PM
 #1066

I'm not sure if this is the right place to post this, but is anyone able to see their claim page anymore?  Mine appears to be gone.

While I am very concerned about getting the money secured and ready to be paid out, I'm even more concerned about how they will determine who gets paid.

Do we know who will be responsible for paying once the money is freed up?  Will this person be able to access our claims from bitcoinica (if they still exist)?

I've been following the forums since May, but have not had an account until recently.  I'm afraid that the less vocal people will be overlooked when the time comes to start paying again.  Or maybe my hopes are too high and everyone has given up on seeing our money again...

1yepmbxDDXmRbExRTo8jce8wAbCdvQcZ2
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August 06, 2012, 08:17:49 PM
 #1067

I'm not sure if this is the right place to post this, but is anyone able to see their claim page anymore?  Mine appears to be gone.

While I am very concerned about getting the money secured and ready to be paid out, I'm even more concerned about how they will determine who gets paid.

Do we know who will be responsible for paying once the money is freed up?  Will this person be able to access our claims from bitcoinica (if they still exist)?

I've been following the forums since May, but have not had an account until recently.  I'm afraid that the less vocal people will be overlooked when the time comes to start paying again.  Or maybe my hopes are too high and everyone has given up on seeing our money again...

The personal claims pages disappeared a while ago (2+ weeks ago). No explanation why though, perhaps as a parting middle finger to customers from the Bitclown Consultancy.

I really hope that the reimbursement db is safe & secure (Including data on any repayments already made before the MtGox compromise.)

Personally, I certainly have not given up on seeing my money again. Tihan is putting Bitcoinica in receivership and then liquidation, all proceeds from the liquidation will go towards reimbursing customers afaik.
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August 06, 2012, 08:26:15 PM
 #1068

I'm not sure if this is the right place to post this, but is anyone able to see their claim page anymore?  Mine appears to be gone.

While I am very concerned about getting the money secured and ready to be paid out, I'm even more concerned about how they will determine who gets paid.

Do we know who will be responsible for paying once the money is freed up?  Will this person be able to access our claims from bitcoinica (if they still exist)?

I've been following the forums since May, but have not had an account until recently.  I'm afraid that the less vocal people will be overlooked when the time comes to start paying again.  Or maybe my hopes are too high and everyone has given up on seeing our money again...

The personal claims pages disappeared a while ago (2+ weeks ago). No explanation why though. I certainly hope that the reimbursement db is safe & secure. Including data on any repayments already made before the MtGox compromise. I certainly have not given up on seeing my money again. Tihan is putting Bitcoinica in receivership and then liquidation, all proceeds from the liquidation will go towards reimbursing customers afaik.

Thanks for the update.  I must have missed the disappearing claims page news...  I was not excited to see that.

By the way, is this the most recent thread I should be following for updates?  We seem to have created quite a few threads during this whole fiasco.  It's not super easy to keep up-to-date on everything.

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repentance
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August 06, 2012, 09:30:14 PM
 #1069


Thanks for the update.  I must have missed the disappearing claims page news...  I was not excited to see that.

By the way, is this the most recent thread I should be following for updates?  We seem to have created quite a few threads during this whole fiasco.  It's not super easy to keep up-to-date on everything.

The thread started by Tihan is probably the best one to follow for information about funds recovery and where the receivership/liquidation process is up to.

https://bitcointalk.org/index.php?topic=97272.0

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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August 06, 2012, 09:43:26 PM
 #1070


Thanks for the update.  I must have missed the disappearing claims page news...  I was not excited to see that.

By the way, is this the most recent thread I should be following for updates?  We seem to have created quite a few threads during this whole fiasco.  It's not super easy to keep up-to-date on everything.

The thread started by Tihan is probably the best one to follow for information about funds recovery and where the receivership/liquidation process is up to.

https://bitcointalk.org/index.php?topic=97272.0

Thank you.

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August 12, 2012, 04:19:57 PM
 #1071

What is the transaction# for the 15k BTC back ? (Zhou ?)

Is anyone following what is happening with the original 40k btc tx ?
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August 12, 2012, 09:18:38 PM
 #1072

What is the transaction# for the 15k BTC back ? (Zhou ?)

Is anyone following what is happening with the original 40k btc tx ?
For the 19k (and many other network-related hacks), I have a list here. The 19k transaction from Rackspace is: 7a22917744aa9ed740faf3068a2f895424ed816ed1a04012b47df7a493f056e8.
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August 13, 2012, 02:08:17 AM
 #1073

There really needs to be an update on the recovery of the fiat funds.  It's now been 10 days since Zhou's "finishing next week" post and there's been no indication yet that any of the fiat funds have been recovered.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
Bitcoin Oz
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August 13, 2012, 02:12:17 AM
 #1074

There really needs to be an update on the recovery of the fiat funds.  It's now been 10 days since Zhou's "finishing next week" post and there's been no indication yet that any of the fiat funds have been recovered.

Probably because he's getting sued.

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August 13, 2012, 02:28:31 AM
 #1075

There really needs to be an update on the recovery of the fiat funds.  It's now been 10 days since Zhou's "finishing next week" post and there's been no indication yet that any of the fiat funds have been recovered.

Probably because he's getting sued.

Zhou isn't one of the named defendants in the lawsuit.  If anything, not acting to recover the funds from an allegedly known person could work against him if he eventually becomes one of the DOE defendants in the lawsuit as he -personally - is the only link to the alleged hacker and "cut a deal" with that person.

Nor is a statement from Zhou necessary.  I would expect any statement about the funds having been recovered to come from Patrick Murck once they are under his possession (because until they're under his possession they aren't truly recovered). 

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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August 13, 2012, 02:31:26 AM
 #1076

There really needs to be an update on the recovery of the fiat funds.  It's now been 10 days since Zhou's "finishing next week" post and there's been no indication yet that any of the fiat funds have been recovered.

Probably because he's getting sued.

Zhou isn't one of the named defendants in the lawsuit.  If anything, not acting to recover the funds from an allegedly known person could work against him if he eventually becomes one of the DOE defendants in the lawsuit as he -personally - is the only link to the alleged hacker and "cut a deal" with that person.

+1

There is absolutly ZERO reason to continue to hold up the process of ZT recovering funds form the 'hacker'.  Quite the opposite really. A judge will be very eager to persue a person related to the funds who has the means to recover them and has not done so.

The whole fucking thing could have been avoided so long ago, is what really irks me about the whole mess....  Angry

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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August 13, 2012, 02:46:00 AM
 #1077



There is absolutly ZERO reason to continue to hold up the process of ZT recovering funds form the 'hacker'.  Quite the opposite really. A judge will be very eager to persue a person related to the funds who has the means to recover them and has not done so.

The whole fucking thing could have been avoided so long ago, is what really irks me about the whole mess....  Angry

Yeah, well the whole "you see there's this Chinese relic collector..." story is going to be extremely hard to sell to a judge/jury without hard evidence of that person's existence and alleged confession.  And there's no way that Zhou would not be called upon to provide testimony because his claim regarding the Chinese hacker exonerates Patrick, Amir and Donald as suspects in the MtGox theft.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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August 13, 2012, 04:19:57 AM
 #1078

user "zhoutong" was online today so he is lurking around.

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August 13, 2012, 05:56:55 AM
 #1079

There is the possibility he now has a lawyer who is telling him to stfu.

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August 13, 2012, 06:18:29 AM
 #1080

There is the possibility he now has a lawyer who is telling him to stfu.

Which is why I would not expect any statement from Zhou.  If Zhou has been successful in recovering USD, I would expect Patrick Murck to confirm receipt of those funds though.  It is reasonable to assume until such a statement is forthcoming that further funds have not been recovered, which will have a significant effect on the final amount available to a liquidator for distribution to creditors.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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