If you haven't done already, read up on the pastebin post. Even though things may look dark now, according what I read there FairCoin actually might have gotten lucky due to the suspended and recovered servers:
This was worrying because the old servers still held roughly 1,000 BTC worth of altcoins that failed to migrate to Ryan’s “V2” of Mintpal and the servers were about to be re-purposed, meaning the private keys of all those altcoins would be erased with no way to recover them.
I had to make a quick decision, so I paid off the unpaid bills of the server retrospectively and brought the servers back online, removing Ryan’s access. I reached out to Ryan requesting him to hand over the control of Mintpal so we can take it from here and set up a withdrawal process for the recovered coins. Note that Michael and I were the ones who paid the entire cost of Mintpal acquisition and ever since finding out the true identity of Alex just a few days ago, Michael agreed to transfer all his shares to me making me the majority shareholder. Mintpal was a lost cause for us at this point with an unknown amount of bitcoins lost. We had also discussed a motion to disassociate ourselves from Alex and his scam during a skype conversation that followed shortly after learning Alex's real identity but no paperwork was completed to that effect. Following the recovery of the altcoins that failed to migrate to V2, I figured that at the very least, we can try to ensure that customers are refunded those coins, and perhaps even try and see if there is any way to salvage MintPal from this mess with external cash injection to cover the missing funds.
How Faircoin might have gotten lucky with this?
We are missing like 25million coins...
Lucky will be the one that stole them.
If I understand it correctly, and as Enric partly pointed out:
- The FairCoins in MintPal v1 never transferred to the hoax that we now call MintPal v2.
- The server containing those wallets suspended and mr Ryan could not reactive them with his flaky creditcards. The whole thing got blocked.
- The guys from MintPal v1 revived the server on time before it got wiped and secured the altcoins. Supposedly they are in safe(r) hands now.
Maybe I'm being enthousiastic here, but I call that lucky in comparison to the whole BTC story...
and mintpal v1 have around 14.200.000 Faircoin they can not do the withdrawal by theirselves, because the last users in withdraw will not have faircoin
So that's about 28% of the total FairCoin volume accounted for from MintPal v1 which will hopefully return to the rightful owners.
While typing this I still shake my head in denial; I just still can't believe/understand why people put so many coins in a exchange...