Statement about the suspect of recent Bitcoinica hack

[Raoul Duke]

Why am I the only person asking for a voice recording of the conversation between zhoutong and Chen Jianhai?

Cause you're the only one who understands chinese?

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[repentance]

Why am I the only person asking for a voice recording of the conversation between zhoutong and Chen Jianhai?

Because the rest of us assume that there'll be some excuse as to why it wasn't recorded - even though logging it would have been a major priority for most of us under the same circumstances and we would have explicitly mentioned recording the call.

[LightRider]

Why am I the only person asking for a voice recording of the conversation between zhoutong and Chen Jianhai?

Because that might be evidence in a court of law, and no one involved wants evidence.

[JoelKatz]

He's not going to get a lawyer... what would he say?

"Uh, I stole a shitload of money and spent it, now they found out it was me and they want it back.  Help me."??

You think that's something unusual for a person to say to a lawyer?

[zhoutong]

Bitcoinica has delayed over $700,000 in refunds for more than 75 days, and they are completely responsible for processing the claims.

Right now this issue is put on hold by them as well, because only Bitcoinica has the power to demand returning the funds from Chen Jianhai. I'm willing to provide his contact information to Bitcoinica or act as an intermediary.

If Bitcoinica refuses to take actions, no matter how much progress we make in investigation, the funds will never be returned to rightful owners.

Here I recommend anyone with significant stake to consider taking legal action against Bitcoinica LP, Bitcoinica Consultancy Ltd and Bitcoin Consultancy Ltd to make returning of the funds possible. Alternatively, the creditors can force Bitcoinica into legal liquidation process so that the management can be replaced by someone else.

[Vod]

Bitcoinica has delayed over $700,000 in refunds for more than 75 days, and they are completely responsible for processing the claims.

Right now this issue is put on hold by them as well, because only Bitcoinica has the power to demand returning the funds from Chen Jianhai. I'm willing to provide his contact information to Bitcoinica or act as an intermediary.

If Bitcoinica refuses to take actions, no matter how much progress we make in investigation, the funds will never be returned to rightful owners.

Here I recommend anyone with significant stake to consider taking legal action against Bitcoinica LP, Bitcoinica Consultancy Ltd and Bitcoin Consultancy Ltd to make returning of the funds possible. Alternatively, the creditors can force Bitcoinica into legal liquidation process so that the management can be replaced by someone else.

Ummm, you stole the money from Bitcoinica!  HOW are they supposed to pay it back?

[zhoutong]

Bitcoinica has delayed over $700,000 in refunds for more than 75 days, and they are completely responsible for processing the claims.

Right now this issue is put on hold by them as well, because only Bitcoinica has the power to demand returning the funds from Chen Jianhai. I'm willing to provide his contact information to Bitcoinica or act as an intermediary.

If Bitcoinica refuses to take actions, no matter how much progress we make in investigation, the funds will never be returned to rightful owners.

Here I recommend anyone with significant stake to consider taking legal action against Bitcoinica LP, Bitcoinica Consultancy Ltd and Bitcoin Consultancy Ltd to make returning of the funds possible. Alternatively, the creditors can force Bitcoinica into legal liquidation process so that the management can be replaced by someone else.

Ummm, you stole the money from Bitcoinica!  HOW are they supposed to pay it back?

I didn't.

They should at least make attempt to recover the funds, or start liquidation process, or start police investigation.

But they have done absolutely nothing.

Bitcoinica only owes me about $1,000, and I don't have to sue them.

[Vod]

Bitcoinica has delayed over $700,000 in refunds for more than 75 days, and they are completely responsible for processing the claims.

Right now this issue is put on hold by them as well, because only Bitcoinica has the power to demand returning the funds from Chen Jianhai. I'm willing to provide his contact information to Bitcoinica or act as an intermediary.

If Bitcoinica refuses to take actions, no matter how much progress we make in investigation, the funds will never be returned to rightful owners.

Here I recommend anyone with significant stake to consider taking legal action against Bitcoinica LP, Bitcoinica Consultancy Ltd and Bitcoin Consultancy Ltd to make returning of the funds possible. Alternatively, the creditors can force Bitcoinica into legal liquidation process so that the management can be replaced by someone else.

Ummm, you stole the money from Bitcoinica!  HOW are they supposed to pay it back?

I didn't.

They should at least make attempt to recover the funds, or start liquidation process, or start police investigation.

But they have done absolutely nothing.

Bitcoinica only owes me about $1,000, and I don't have to sue them.

You did.  You are a thief and a liar. 

[sarpar]

Bitcoinica has delayed over $700,000 in refunds for more than 75 days, and they are completely responsible for processing the claims.

Right now this issue is put on hold by them as well, because only Bitcoinica has the power to demand returning the funds from Chen Jianhai. I'm willing to provide his contact information to Bitcoinica or act as an intermediary.

If Bitcoinica refuses to take actions, no matter how much progress we make in investigation, the funds will never be returned to rightful owners.

Here I recommend anyone with significant stake to consider taking legal action against Bitcoinica LP, Bitcoinica Consultancy Ltd and Bitcoin Consultancy Ltd to make returning of the funds possible. Alternatively, the creditors can force Bitcoinica into legal liquidation process so that the management can be replaced by someone else.

Gather ALL Funds you told us you are able to recover in ONE address - thats YOUR part of the Deal.


The Bitcoinica problem will be resolved independently from the hack issue.

So do YOUR part!

...and don't forget to make backup of your wallet!

[repentance]

They should at least make attempt to recover the funds, or start liquidation process, or start police investigation.

Given that your credentials were used without your permission in the money laundering attempt and you believe this same person has committed fraud using your credit card account, you can also start a police investigation.  Pointing out that Bitcoinica should be taking certain actions doesn't deflect from the fact that there are also actions which you could be taking.  By not taking those actions, you're coming perilously close to being an accessory after the fact.

You literally can't exonerate yourself without a law enforcement investigation of the connections between the MtGox breach and your accounts.

[Vod]

Gather ALL Funds you told us you are able to recover in ONE address - thats YOUR part of the Deal.

The Bitcoinica problem will be resolved independently from the hack issue.

So do YOUR part!

No, not all the funds he is able to recover - ALL THE FUNDS HE STOLE.

It doesn't matter if he has to sell a house at a loss - he paid for the house with stolen money.  Do you think bitcoin users are willing to donate a large percentage of their money to support his family?

[sarpar]

Gather ALL Funds you told us you are able to recover in ONE address - thats YOUR part of the Deal.

The Bitcoinica problem will be resolved independently from the hack issue.

So do YOUR part!

No, not all the funds he is able to recover - ALL THE FUNDS HE STOLE.

It doesn't matter if he has to sell a house at a loss - he paid for the house with stolen money.  Do you think bitcoin users are willing to donate a large percentage of their money to support his family?

try to see it as an incremental process to deliver the highest possible return for us. but I have to see action!

[zhoutong]

They should at least make attempt to recover the funds, or start liquidation process, or start police investigation.

Given that your credentials were used without your permission in the money laundering attempt and you believe this same person has committed fraud using your credit card account, you can also start a police investigation.  Pointing out that Bitcoinica should be taking certain actions doesn't deflect from the fact that there are also actions which you could be taking.  By not taking those actions, you're coming perilously close to being an accessory after the fact.

You literally can't exonerate yourself without a law enforcement investigation of the connections between the MtGox breach and your accounts.

Yes, I of course can do this, if I ever wanted to.

My advice was given to the community, and those who want to see their money again.

If you don't care about Bitcoinica's claim process anymore and just want to watch the drama, then your advice is valid.

[Xian01]

Yes, I of course can do this, if I ever wanted to.
My advice was given to the community, and those who want to see their money again.
If you don't care about Bitcoinica's claim process anymore and just want to watch the drama, then your advice is valid.

[sarpar]

They should at least make attempt to recover the funds, or start liquidation process, or start police investigation.

Given that your credentials were used without your permission in the money laundering attempt and you believe this same person has committed fraud using your credit card account, you can also start a police investigation.  Pointing out that Bitcoinica should be taking certain actions doesn't deflect from the fact that there are also actions which you could be taking.  By not taking those actions, you're coming perilously close to being an accessory after the fact.

You literally can't exonerate yourself without a law enforcement investigation of the connections between the MtGox breach and your accounts.

Yes, I of course can do this, if I ever wanted to.

My advice was given to the community, and those who want to see their money again.

If you don't care about Bitcoinica's claim process anymore and just want to watch the drama, then your advice is valid.

so what's the status on the recovery from your "friend"?
+also you didn't supply further information on the other friend for whom you did these large LR-Deals as you promised in your statement
+I am also missing a statement for these allegations of personal LR-Deals in China in your name

[bitcool]

I sense it troubling that Bitcoinica has not made attempt to recover the funds, according to Zhou.
How sound is the company atm? how much resolution do they have to keep the door open and return all funds to customers? what's holding them back?
Is there any rancor left between Zhou and Bitcoinica, as result of the previous hacking fiasco?
Zhou sold a business (defective, imo) for big bucks to the new owner(s), who is left holding the bag.
Zhou has the money, he has/had the reputation, he is a perfect target to get money from.

Call the Interpol.
(Maybe Libertarianism doesn't work after all )

[rjk]

I sense it troubling that Bitcoinica has not made attempt to recover the funds, according to Zhou.
How sound is the company atm? how much resolution do they have to keep the door open and return all funds to customers? what's holding them back?
Is there any rancor left between Zhou and Bitcoinica, as result of the previous hacking fiasco?
Zhou sold a business (defective, imo) for big bucks to the new owner(s), who is left holding the bag.
Zhou has the money, he has/had the reputation, he is a perfect target to get money from.

Call the Interpol.
(Maybe Libertarianism doesn't work after all )

+1 CALL THE COPS NOW

[repentance]

I sense it troubling that Bitcoinica has not made attempt to recover the funds, according to Zhou.
How sound is the company atm? how much resolution do they have to keep the door open and return all funds to customers? what's holding them back?
Is there any rancor left between Zhou and Bitcoinica, as result of the previous hacking fiasco?
Zhou sold a business (defective, imo) for big bucks to the new owner(s), who is left holding the bag.
Zhou has the money, he has/had the reputation, he is a perfect target to get money from.

Call the Interpol.
(Maybe Libertarianism doesn't work after all )

You don't "call Interpol".  Interpol facilitates co-operation between law enforcement agencies from different countries.  People are really over-complicating this.

[bitcool]

You don't "call Interpol".  Interpol facilitates co-operation between law enforcement agencies from different countries.  People are really over-complicating this.

Indeed, it looks like they don't take crime report directly: http://www.interpol.int/Contact-INTERPOL
But somehow if you can get your case known by them, the local police will face much more pressure, especially in a totalitarian system like China. 

[check_status]

I know why Zhou tong may be worried about an investigation.

----
In China, serious cases of corruption are punished by the death penalty.
During the 1980s, "economic crimes" such as bribery, drug-trafficking, and embezzlement were added to the legal code.
Capital punishment in China can be imposed on crimes against national symbols and treasures, such as theft of cultural relics.
Capital punishment is also imposed on inchoate offenses, that is, attempted crimes which are not actually fully carried out, including repeat offenses such as attempted fraud.
A form of execution called Ling Chi (slow slicing), or death by/of a thousand cuts, was used in China until its abolition in 1905.
Current methods of capitol punishment in China are lethal injection and shooting. Lethal injection is more commonly used for "economic crimes".
Execution vans are unique to China, however.
----
http://en.wikipedia.org/wiki/Capital_Punishment
http://en.wikipedia.org/wiki/Capital_punishment_in_the_People%27s_Republic_of_China