Topic: {ANNOUNCEMENT} WBX Exchange Frozen - page 3. (Read 45404 times)

Good question.  I was wondering if anyone would ask about that.

1DodGY was in cold storage, and I had other funds available to repay people with.

People don't care which coins they're paid with just so long as they are paid.

Thanks for keeping an eye on things though.  But really, if I had just claimed to have paid everyone out, but not actually done it, don't you think someone might have spoken up about it by now?

How have you re-payed them when http://blockchain.info/address/1DodGYjF5LFoKg186jANZV9U8znXjagSzS clearly just siphoned the money into multiple 100 coin addresses, presumably all under your control?

Thank you, I sent it a few minutes ago, hope it helps.

I think I've posted it in this thread before; I'm not sure.  Lots of WBX clients have emailed me, but maybe they just guessed.

It's [email protected]

I did find an account that I think might be yours based on what you posted here before.  Send me copies of the email correspondence and hopefully that will confirm what I'm thinking.

Edit: I just noticed that of course my email address is shown in the 'GPG' link in my signature...

Seal that's quite ridiculous to complain about the tip. The dude could easily have made away with you money!

I'm so sorry I have the memory of a goldfish especially after the festival season!
I only have the email correspondence between Andre and I. I have not been able to figure out my login.

Are your email details here so I can forward you those emails?
Can't find them at the moment.

I absolutely think Douglas deserves to keep some money

In the online world of anonymity... yes... yes it is 
And considering how Andre handled the situation...

It's sad when NOT stealing money is amazing. 

2 thumbs up.  I think what you have done is amazing

Hi.

No matter how high the price goes, I'll never be able to pay back 100% of what is owed, since all the dollars went 'missing'.  I've always had 100% of the owed Bitcoins and 0% of the owed fiat.  As the Bitcoin price rose, the owed fiat amount became less significant.  When the exchange closed down the missing Australian dollars were worth significantly more than the BTC I was holding, but as the price grew that was no longer the case.

At the 1 year anniversary of closing down, I converted the owed dollars to Bitcoins at the prevailing exchange rates, and arrived at the 75% figure.  That's the amount I can be sure of being able to pay back if everyone with an outstanding balance puts in a claim.  If so people don't put in a claim then I'll be able to pay back more, but I don't want to pay out a bigger percentage to some than to others.

I've received more claims since the deadline, and still haven't heard from the guy who couldn't remember his login details.  'scales' perhaps?  He posted in this thread around the time the first payout happened.

It's currenty looking like I'll be able to pay out the remaining 25% or so that's owed.

I propose allowing another 2 months for late claims, and paying out the remaining funds on 1st June.

I already converted the AUD amounts to BTC, when I made the first payout.  I don't see how I can re-convert it at the new rates.

I hope that's satisfactory for everyone concerned.

Dooglus is WBX's developer. He was not responsible for the downfall of the business but has been steadfast and honest. He's also backed us clients when the owner Andre wanted to screw us all upon his failure to deal with chargebacks.

I was surprised that he only paid out 75% when he stated he could pay 100% back after the 1 year anniversary of the site being shut down. I thought he stated clearly he would pay back as much as he could. With the recent appreciation, should be able to pay out 100% of claims and have change left over to keep (can somebody run the numbers?). Dooglus, can you clarify what you are going to do with the remaining 25% and your next step in final resolution to this debacle?

I messaged you before saying I'm happy to pay him upon the resolution of repayments, however 25% for me is still well over $1000 which is a very large sum for a 'little tip'.

I agree wholeheartedly with what you have said and I think I probably sounded a bit like a little brat in my last post.

I am all for Dooglus keeping some bitcoins as payment (Shell we say tip?). 
I was just wondering how much is left over and if anyone recently has put a new claim in?   If there is substantial amounts left over are there enough to payout the remaining amounts and leave Dooglus with a nice little tip for all his hard (and honest) work?

Also is there a how to for setting up the web of trust?

Just want to remind everyone that dooglus was not part of WBX, so he's truly gone above and beyond in trying to ensure that WBX users receive some return.

I have spent a little bit of time trying to figure out that web of trust.  Looks like i would need to spend some time in an IRC chat room which I don't have time for at the moment.  If there is an easy way for me to give you a positive rating somewhere I'd love to do it.

Any thoughts on what will happen with the remaining bit-coins?    Price has gone through the roof, so the 3ish that I think I'm still owed are worth a pretty penny now 

Never heard of WBX, but it sounded like a decent service... sorry to see ya go : /

Thanks. 

You should say something nice on my OTC Web of Trust rating...

Recieved. Thanks Dooglus! 

In an age of constant bitcoin scams and pain in general, your outright honesty and effort to do the right thing has blown me away, to be frank.  Both your work and your ethics are outstanding. Well done!

I'll be watching to see if the remainder gets used up or not.

Huge thanks dooglas. I assumed there would be a full payout for those who stepped forward at the 1 year mark. I was a little confused to see paybacks sitting at 75%. Its already been very very dragged out as it is.

Maybe pick a date and stick to it?  How about end of financial year... 30th June / 1st of July.  That's getting pretty close to a year and a half after the exchange went down.

There are enough left that everyone who put in a claim could be given the extra 26ish% to make their claim whole.  So long as nobody else comes forward later to make a claim.

As of yesterday, all outstanding balances (unclaimed, and the 24% remaining in claimed accounts) can be considered to have been converted to BTC at yesterday's exchange rates.  I don't know how long to keep the coins available for new claimants.  I wasn't expecting to hear from anyone new after yesterday's payout, but that's exactly what just happened, and so I just paid out another account.