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Author Topic: [ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation  (Read 54572 times)
defxor
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April 12, 2013, 02:36:23 PM
 #381

Not yet! Luckily, it's sitting in Mt. Gox safe and sound till the liquidators get it back so that they ... or something like that.

Interesting post on Reddit just now by MtGox on that topic:

WeAreMtGox:
"The communications from the liquidator wrongly creates an impression that we are withholding information and account access without any proper lawful basis and otherwise failing to co-operate with the liquidator. To the contrary, we have communicated our willingness to co-operate with the liquidators of Bitcoinica LP (In Liquidation) as far as we can lawfully do so.
Before we can release the confidential and highly sensitive information sought by the liquidators, they must first provide certain basic verificatory evidence to establish that they are entitled to the information. So far, they have not."


http://www.reddit.com/r/Bitcoin/comments/1c7ahh/we_are_mt_gox_ama/c9dr5w7
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dancingnancy
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April 12, 2013, 02:47:01 PM
 #382

jesus, all you can do is try to laugh it off anymore.  just give us our coins back, that simple. 

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June 14, 2016, 04:41:15 AM
 #383

So... any news on this guys?

I still have hope.

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June 14, 2016, 09:18:49 AM
 #384

I believe the Bitcoinica liquidators said that the MTGOX liquidators approved their claim.

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December 19, 2017, 09:36:52 AM
 #385

It is August 2012 and 80 days have passed since Bitcoinica was taken offline following the Rackspace hack. Many of you have followed developments since that time with interest and frustration. The company's investors and I have also been extremely disappointed.

Donald Norman, Patrick Strateman and Amir Taaki accepted responsibility for Bitcoinica on April 24 as Bitcoinica Consultancy and have retained the -only- legal authority to act on behalf of the company. At this time it appears they have abandoned their legal duty.

They now refuse to reply to communication, refuse to acknowledge their responsibility, refuse to resign voluntarily, and refuse to act. In particular they have refused to do anything to recover stolen funds, even where the required action is as simple as providing a payment address. This is now hindering the efforts of others to minimize loss to Bitcoinica's customers.

Clearly, this must end.

Acting in its capacity as creditor to Bitcoinica LP, the Wendon Group investment fund will appoint a receiver under New Zealand law. This has been an option of last resort which is now unavoidable. Under receivership, a licensed and insured specialist will replace the Consultancy as the designated authority. Upon satisfaction of secured creditor interests, the company will proceed to liquidation in which remaining funds are distributed. Without Consultancy cooperation, this is the only ready way forward.

Wendon Group intends to donate any funds it obtains via receivership in favor of Bitcoinica customers. Complete liquidation will likely take place over a matter of months.

While this is not the outcome any hoped for, it is certainly an improvement over the deadlock resulting from Donald, Patrick and Amir's untimely abandonment.

Many have suffered because of the Bitcoinica disaster. Everyone is right to be upset. Since no one in charge has seen fit to offer an apology, let it be me instead. To all those affected, I'm very sorry.


Tihan Seale

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