Topic: {ANNOUNCEMENT} WBX Exchange Frozen - page 13. (Read 45404 times)

Actually, that is not good enough - you are liable and held funds and have a duty to make good.  Even if Chris's suggestion is implemented, you don't get to simply walk away without making good the losses of the people that have placed trust and funds with you.

I just noticed another change to the WBX site:



So it's possible to get verified to withdraw without providing ID so long as I send you $249?  Is this a loophole in the KYC(utby) regulations?

Who has control of the site now?  Could it be that they are planning to relaunch?

I don't see why else anyone would be changing the site now that it has been closed down.

It would really be a good idea to shut the site down fully before I start paying your customers back.  Because at the moment it is still possible for them to exchange balances with each other without me being able to see that they are doing it.  Or at least take a final copy of the 'users' page and then wipe the database so they don't have balances to trade, if that's not possible.  And it really would seem to be best to wait for the current mess to be cleared up before starting out on a new one, don't you think?

Using the numbers that Andre recently provided, on top of my most recent backup shows that WBX should currently be holding
1,769.0417 BTC and 25,779.49 AUD.  If we assume a price of $5 AUD/BTC then that's a total of 1,769.0417 + 5,155.898 = 6,924.9397 BTC.

I have 1768 BTC (here: http://blockchain.info/address/1DodGYjF5LFoKg186jANZV9U8znXjagSzS) and according to Andre that is the sum total of the exchange's assets.  The other 1 BTC plus change was left in the 'hot' wallet and is presumably still on the server.  Ah - I have a backup of the server wallet.  I'll check what's in it.

[...]

It contained 0.9876932 BTC, which I have just sent to the above address.  The shortfall will be the result of the exchange paying Bitcoin transaction fees.

So I have access to 1768.9876932 BTC out of 6924.9397 BTC.  That's 25.545%.

That number will change based on what AUD/BTC rate is used, but it looks like users will end up getting around 26% of what they are owed.

I have included the commission collected by the site in the assets of the exchange.  I don't know what should happen to that.  Options:

* Andre gets 100% of the commission, and the users get what's left after commission
* Andre gets none of the commission - it goes towards reimbursing the users
* Andre gets 26%, just like everyone else
* something else

I've not yet received a copy of the user balances page from Andre which would confirm the above.

Disclosure: I have no funds tied up at WBX, and so have no financial interest in how this is done.

Comments?

I'm not saying that anything he has said is true.  Just that "I used to have lawyers" isn't incompatible with "I don't have lawyers now".

As long as he's refusing to provide contact details for them or himself then yes there is.

I think he's saying that he was at one point retaining lawyers, that the lawyers told him to keep quiet, and that he can no longer afford the lawyers.  There's no inconsistency there.

watching

That's a great start.  Thanks.  It looks like only one user sold their balance of around $500.

I expect you also have access to https://www.worldbitcoinexchange.com/?page=users

Can you visit that page then hit control-S to save it to a file and email me the result please?  That will list balances for users and give the totals for BTC and AUD owed.  Then I can cross-check with my most recent backup.

Thanks.

Chris.

What you dont understand is that if you operate a business and take a loss due to negligence/scammers then you dont simply come to the forum and try to be part of the users losing funds.

You are no better than the bailed out banks, they ran a profitable business and it meltdown then cried wanting people to also feel sorry for them.

No, plain and simple, you still owe people money and whatever you personally lost is none of their concern. You have an obligation to find money somewhere or liquidate legally else its well within their right to press charges wether you think its somehow unfair or not.

You are the holder of their money, you either take risk insurance in case of fraud or you dont and cover fraud yourself.

I did laugh at your comment about leaving the forum, thats exactly shakaru's last comments on this forum. I dont think your word means much either, if you want anyone here to actually believe you lost everything and didnt take the money/coins somehow yourself then provide statements to account holders showing verifiable proof that what you say is indeed true. Just because you state it doesnt make it true, and even less so with bitcoin related businesses.

Bitcoins will take forever to get taken seriously if we consistently feel sorry for the poor companies who got defraud/scammed or even self-incriminated themself. Every case of fraud/theft is somehow handled like a porcelin doll, enough with that.

Where did I say I was offended?

I still think you should get a scammer tag.

sorry to offend you i have now removed them

Andre

I have already been taken to the cleaners, so i don't know what your going on about?? its people like you that make me want to leave this forum and not come back.....but everyone looses then, thats why I'm sticking around.

I suppose it's time for you to get a scammer tag.
One more thing, why are you still advertising your "exchange" in your signature?

The information was correct all along
[/quote]

I truly and deeply feel for the stress you are going through with this, but in my opinion the fact that you have been defrauded does not give you the right or excuse to defraud legitimate users of your exchange.

Regards.
[/quote]
We have both been defrauded, if i had the money to repay you i would but i don't please accept what chris is offering he holds whats left of WBX.

Understand

Ah I see, being a scammer gets to make you cocky right?

Bahahaha I hope someone actually goes through and take you to the cleaners, these activities is disease ridden filth.

Right thats why I'm commenting on stupid comments like this.

Andre

Say what?

First you comment that you cant afford having lawyers represent you then you post that your lawyer advised you to refrain from making comments?

Would the last log on the statement help chris?

This is all i could get sorry

08:40pm 22-Feb-12   1559   Withdraw 21.4377 BTC      
11:22pm 22-Feb-12   1018   Create voucher: 1.00 AUD      
11:23pm 22-Feb-12   1018   Redeem voucher: 1.00 AUD      
09:29am 23-Feb-12   1440   Withdraw 100.0000 BTC      
12:24pm 23-Feb-12   1273   Withdraw 4.6568 BTC      
01:58pm 23-Feb-12   1273   Withdraw 12.0000 BTC      
08:09pm 23-Feb-12   1544   Withdraw 14.2607 BTC      
10:02pm 23-Feb-12   1505   Withdraw 28.2348 BTC      
10:32am 24-Feb-12   1018   Withdraw 50.0000 BTC      
10:46am 24-Feb-12   1294   Withdraw 40.0000 BTC      
11:25am 24-Feb-12   1440   Withdraw 35.4539 BTC      
06:06pm 25-Feb-12   1171   Withdraw 12.4598 BTC      
02:29pm 29-Feb-12   1429   Deposit 0.4100 BTC      
03:22pm 29-Feb-12   1126   Withdraw 40.4835 BTC      
02:42pm 05-Mar-12   1206   Withdraw 21.5360 BTC      
09:30pm 05-Mar-12   1300   Withdraw 42.5281 BTC      
01:45am 08-Mar-12   1364   Withdraw 100.0000 BTC      
10:45am 08-Mar-12   1429   Withdraw 0.5000 BTC      
10:46am 09-Mar-12   1364   Withdraw 100.0000 BTC      
10:17am 12-Mar-12   1364   Withdraw 100.0000 BTC      
05:07pm 13-Mar-12   1364   Withdraw 100.0000 BTC      
01:05pm 14-Mar-12   1364   Withdraw 62.9782 BTC      
10:09am 21-Mar-12   1018   Create voucher: 1.00 AUD         
10:10am 21-Mar-12   1018   Redeem voucher: 1.00 AUD         
11:43am 19-Apr-12   1006   Create voucher: 497.33 AUD         
11:48am 19-Apr-12   1018   Redeem voucher: 497.33 AUD   

Andre      

No bitcoin consultancy dose not own WBX.

Hi There

I said i don't have full control of the site at no point did not say never had access to the data store. but thanks for your input.

Andre