I feel like Satoshi21 is getting off lightly here, I'm not buying the "I deposited the eBTC token funds into my own ETH wallet because I was overwhelmed
bullshit".
I appreciate the new team is not Satoshi21, but there's a lot of people who lost money in the crash who dumped their eBTC and who are now left out in the cold, even if the project somehow makes a miraculous recovery, they won't be involved.
At the very least dev team, you should get Satoshi21 to be a man, come on here and face up to people. You are still in contact yes?
Another thing you could do is payout the recovered Eth to people who lost out, is this being done?
He left the funds within he exchange when the private key was returned to the development team, he only sold a portion before we believe realizing this wasn’t the right way, we have moved the funds and unspent tokens to a new team controlled account, unfortunatly any of the remaining tokens or funds will remain with the development team as the purpose of the dev share is for development funding which is what it will be used for.
Unfortunate we would have no way of verifying someone’s loss, nor the capacity to do so, if people decided to sell at a loss during the issues the last 72 hours while being informed along the way whenever we had something to release, unfortunately we won’t be paying out any ETH or tokens, as this would be unfair to those who held at a loss during the recent events.
We would love for satoshi21 to come forward and contact the public to explain himself, we have limited contact but will pass that request along
Wasn't it like 20 eth? And couldn't you use etherscan, combined with bitcointalk pms to work out who sent eBTC to EtherDelta at time time of the crash, you could then ask for screenshots of EtherDelta trade history to verify they did. That's one way I thought of, laborious I know but definitely doable.
I don't think it's right for the team to keep the Eth, even if you can only pay back claimants 1/10 or 1/100, you should do it, that money's not rightfully yours.
You want to rebuild trust and make your new token successful, that would be a good start.
Incredibly laborious and would also require us extending the current timeframe for the swap to accommodate for that, realistically it’s not something we could do.
Just to clarify, The developer sent his % of the original distribution to the exchange, this was always rightfully belonging to the development team behind eBTC and for the progression and implementation of our whitepaper goals and roadmap, while satoshi attempted to cash this out and leave he project, he did not envision the community banding together and the development team standing behind the community.
Now that the account is controlled by the development team, the remaining % of the eBTC and ETH will be use to further development, all funding expenses will be made public and visibly audiatable via etherscan and will only occur after consensus voting by the team of over 17.
This will ensure in future everything is conducted correctly and above board, we do apologise for anyone who did see a loss when the news first broke but we encouraged people to hold and also you should only ever invest what your comfortable losing.