It would appear that a lot of misinformation has circulated since the date of my last post. Considering the many inconsistencies, I will assume astute readers here have already discounted the versions of facts presented by the Consultancy.
Since some of the story-telling is directed at me personally I wish to make a few things clear. I had no responsibility for Bitcoinica security ever. That would certainly be an improper role for me. I am not a security expert, nor have I ever claimed to be. My role was to oversee the investment in Bitcoinica and help facilitate the transfer to new management.
The Consultancy members accepted that responsibility on April 24 as operators and General Partners of Bitcoinica LP. There is ample written documentation to confirm this.
Upon closing of that transaction, login credentials for all services were handed off to the Consultancy in person. All credentials were encrypted by a reputable password management service. I claim no expertise to judge the security of the master password but it was very long. Its status as a master password and its use in all respects were fully understood by the Consultancy upon acceptance.
If the Consultancy deemed this password to be unfit for ongoing use, they certainly had the opportunity and the duty to change it. Their reputation and claims of being security experts was a primary consideration for entrusting them with Bitcoinica's management.
There are still a lot of unknowns surrounding recent events but the Consultancy's responsibility for Bitcoinica and its password security is not one of them. The fund will be considering all legal options.
would you please post here more offen? i would be good, the intersango/bitcoin consultancy/bitcoinica consultancy people, seems not to know shit about anything, and they are really good at fucking up PR...Since some of the story-telling is directed at me personally I wish to make a few things clear. I had no responsibility for Bitcoinica security ever. That would certainly be an improper role for me. I am not a security expert, nor have I ever claimed to be. My role was to oversee the investment in Bitcoinica and help facilitate the transfer to new management.
The Consultancy members accepted that responsibility on April 24 as operators and General Partners of Bitcoinica LP. There is ample written documentation to confirm this.
Upon closing of that transaction, login credentials for all services were handed off to the Consultancy in person. All credentials were encrypted by a reputable password management service. I claim no expertise to judge the security of the master password but it was very long. Its status as a master password and its use in all respects were fully understood by the Consultancy upon acceptance.
If the Consultancy deemed this password to be unfit for ongoing use, they certainly had the opportunity and the duty to change it. Their reputation and claims of being security experts was a primary consideration for entrusting them with Bitcoinica's management.
There are still a lot of unknowns surrounding recent events but the Consultancy's responsibility for Bitcoinica and its password security is not one of them. The fund will be considering all legal options.
also they said that you was fired? is it true? or just another lie from them?
