Bitcoin Forum
September 23, 2018, 09:06:14 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 [2]  All
  Print  
Author Topic: THE AMHASH INCIDENT IN CHRONOLOGICAL ORDER, IN SUMMARY...  (Read 8845 times)
UnitedAmhashVictims
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
March 29, 2015, 03:55:23 PM
 #21

[UNITED AMHASH VICTIMS - PUBLIC ANNOUNCEMENT]

Amhash investors are having a hard time the last months due to the so called "unforeseen events".

Lets get over and recall the claimed events:
December 25, 2014 : AsicMiner lost control of 3.5 PH of the total 5 PH Amhash mining facility
January 26, 2015 : Last activity date of FriedCat on the Bitcointalk forum. The disappearance of FriedCat should have happened after this date.
February 08, 2015 : After 45 days from the facility loss, and 13 days after FriedCats last post on Bitcointalk.
Amhash announces the delay of payments using the spring festival as excuse to gain more time to keep these two incidents secret from the investors.
February 18, 2015 : Suspicious Havelock outage for 14 days until March 4, 2015 which created a big panic.
March 02, 2015 : Aftar 67 days from the facility loss and 35 days after FriedCats last post on Bitcointalk.
Amhash finally admits that the 3.5 PH of the mining facility has been lost and the  disappearance  of FriedCat has surfaced.
The next day Rock Xie mentions that the solution depends on FriedCat's return in his blog.

There's no proof whether the claimed events actually happened, the communication was and still is at unacceptable unprofessional levels, no detailed, convincing and timely information has been disclosed so far.

Worse than that, responsible parties, acted lightly, have not been honest, and detained the investors by hiding information and fabricating excuses for over two months.

It's hard to know whether or how true these stories are, as the related parties has proven their capability to act in shady ways.

If we assume the provided claims to be true:
AsicMiner is mainly responsible for the incident, and the compensation of the loss of the damaged parties. Because of putting almost all the control of the business and the funds in the hands of a single person called FriedCat, and losing control of the mining facility, by jeopardizing the investment, without having any insurance, or security measures for the protection of the investment.

It's AsicMiners problem to pursue and sue FriedCat and other responsible parties, or not.



THE SETTLEMENT OFFER

At March 25, 2015 AsicMiner has made a settlement offer through Havelock:
This settlement is clearly AsicMiners attempt to exploit the despair of hopeless investors, to get rid of all legal and financial responsibilities, by bribing a small portion of what has been taken and claimed to be lost, and asking them to waive all their current and future rights on Amhash shares swapped for AmhashLC.

Amhash investors, has neither a fault, nor any authority and responsibility for the so called "unforeseen events". Amhash investors can't be held responsible for these events mentioned herein above. Yet the investors are expected to pay for the mistakes of AsicMiner and their lightly handling of their business.

AsicMiner is responsible of the loss of investor capital (Last market price: 0.00091498 BTC/Amhash Share) and all unpaid past and future mining dividends. Even the sum of the unpaid dividends   (Since February 10th, 2015) has passed the proposed 0.0003 BTC/Share settlement offer. This incident has also caused additional financial, psychological and social problems for some of the investors which depended on the dividend payments.

We have been detained for over three months now and it is clear that AsicMiner has minimal or no will for a fair settlement. We trust in the Chinese authorities that they will deliver justice and reveal the true story about what really happened. Therefore we have decided to initiate the litigate process, and the informing process of the Chinese authorities from all available channels, about the potential fraud and illegal fund raising activities of AsicMiner for the Amhash mining project and the AsicMiner shares.
1537736774
Hero Member
*
Offline Offline

Posts: 1537736774

View Profile Personal Message (Offline)

Ignore
1537736774
Reply with quote  #2

1537736774
Report to moderator
1537736774
Hero Member
*
Offline Offline

Posts: 1537736774

View Profile Personal Message (Offline)

Ignore
1537736774
Reply with quote  #2

1537736774
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537736774
Hero Member
*
Offline Offline

Posts: 1537736774

View Profile Personal Message (Offline)

Ignore
1537736774
Reply with quote  #2

1537736774
Report to moderator
1537736774
Hero Member
*
Offline Offline

Posts: 1537736774

View Profile Personal Message (Offline)

Ignore
1537736774
Reply with quote  #2

1537736774
Report to moderator
flyingplows
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250

People don't change, only times change...


View Profile
April 13, 2015, 09:53:02 PM
 #22

Is there anyone not taking that AmhashLC for some reason? Seems too risky not to take I guess...

americandesi
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


BTC < > INR & USD


View Profile
April 15, 2015, 08:32:28 PM
 #23

Interesting. Watching this thread.!

Always buying and selling btc in bulk.!
Have I helped you out?  Send a donation! : 1ADesitf6McNmFw5wAN1y86bvyHLB5gR6P
My Reputation Thread : https://bitcointalk.org/index.php?topic=252042.0
Snagglebone
Member
**
Offline Offline

Activity: 87
Merit: 10


View Profile
April 15, 2015, 10:27:29 PM
 #24

Am I the only one who keeps reading the title as the "AMISH INCIDENT IN CHRONOLOGICAL ORDER" and thinking "WTH are the Amish doing with bitcoin miners?"
UnitedAmhashVictims
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
April 28, 2015, 06:30:08 PM
 #25

UNITED AMHASH VICTIMS PUBLIC ANNOUNCEMENT:

We, the investors and fraud victims of AMHash, do not accept AMHash Liquidation Contract as a full and final settlement of AMHash liabilities. We also do not transfer our rights to pursue the claim to any third party. We reserve our rights to instigate any proceedings necessary at any jurisdiction to recover our losses against AMHash, Asicminer, Rockminer, Havelock, any of the directors and non disclosed  parties.


Most investors converted their Amhash1 shares to the AMHash Liquidation contract, and got their last dividends paid today (April 28, 2015).
We are happy that the investors got some of their investments back.
But won't be satisfied and fall for such bribing attempt of AsicMiner (Bitquan).

We have contacted Bitquan at the end of March, 2015, via their email addresses to inform them about our legal pursuit and
gave them a last opportunity to come out with a more acceptable solution, and we got no reply from them ever since.

For us it is time to resume our legal pursuit now.

We will patiently do our best to bring Bitquan to justice and get the rest of your losses paid back in full.
We'll announce about concrete improvements on the case here, or start a new tread if this tread gets locked.

If you're interested in getting your money back please save all  the information that might "proof" your relation with Amhash, AmhashLC etc. in case the legal struggle succeeds.

Please message me if you can provide any helpful information about FriedCat, Fan Dawei (David Fan), Bitquan.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!