Topic: [BitFunder] Moving Forward/Resolution Process - page 16. (Read 292099 times)

Thanks for the hint...

Whelp, half a year later nothing has changed.  Except Danny vanishes, NeoBee trading is halted.  Who could'a guessed?

thank you for the information

best wishes

The list Burnside published is of pretty late date i think it should be from after bitfunder closed for open trades, so if Ukyo sold any of the shares he should have the btc fund from it in a normal working wallet.

The address 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq is the address that matches the amount of Activemining shares that both Ukyo and Ken slaughter mentioned. The closest adreses above and below that one in numbers of activemining shares is:
ActiveMining    565,269    16yTynjmSe5bsRGykDaaCL5bm2pxiEfcqP
ActiveMining    75,000    1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
So there's really not much room for doubts there, unless Ukto would have made some deal with ken slaughter to put up some smokescreens and the real owner to 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq hasn't come forward, but that seems very unlikely.

The shares/companys(BitPride, LabRatMining ...) that looks like they diden't survive after bitfunders closure that ukyo's mentioned address had shares in was all very small holdings 0-2 btc so those don't matter much for the total.
Nee & Bee, Rentalstarter, Addiction and to some extent Activeminer have been traded after the closure of bitfunder, it could also have been trades in satushipoker. In Btcquick it will probably take 6-12 months before ukyo gets his money out from that and the investment Ukyo have in Graets loan, there how long it will take will probably depends on how many TH people mines with on Graets pool when Ukyo gets that one payed back. Btcinvest that one kate from ciphermine can probably pay out part of the holdings directly to people that has invested in BTCINVEST but when that can be done only she can tell you. If tradefortress will ever be found and the rest of the funds btc will be payed out is harder to say.

Dude, it's right in front of your eyes!

Check the Australian ASIC doc (below) that I had previously re-posted from the 94% thread:

https://docs.google.com/file/d/0Bza0Sx1iSRWqRVlNSm94YUtwSjQ/edit?pli=1

Thanks but i dont find his name in any of these documents. Is he really an official CEO/Employee or only some unofficial that isnt mentioned in the papers?


Except ukyo sold the shares and but the btc in his personal wallet which he claims was in the weexchange wallet too.
Why do you know that this bitcoin address, and so the shares, were bound to ukyo? And did all the shares survive? I mean many IPO's simply vanished after exchanges go down, others cant be traded like ActM and so on.

Graeme Tee

https://www.facebook.com/graeme.tee.9

https://drive.google.com/folderview?id=0Bza0Sx1iSRWqYVRiMkRaLVlrcFE

Of course it can be that only one company officially held the bitcoins and the other only had minor functions. Im not really sure where the advantage is in two companies. I mean you have to do the double amount of accounting, tax and so on.
I should consider taking Graet into my lawyer letters but i think i dont know his real name.

Which funds are you referring to: company funds or customer funds? (BTC wallets?)

Hmm, well then if it isn't a case of the Aus company being owned by the US company, but simply that they are 2 independent companies owned by Ukyo, then pooling the funds of the two companies (since the funds are held in trust) is illegal. They should be held separately and dealt with separately.

I think this all means that when Ukyo stated he had an accountant when he set the companies up, he was outright lying.
The accountant would have pointed such things out ...

The share (just the one) is owned by Ukyo.

Here's the post from the 94% thread with the Australian doc:

In WeEx US there is only Ukyo as director, whereas in WeEx AUS there is Ukyo and Graet. Ukyo being the sole shareholder in both cases.

The Aus company is a owned by the US company. Graet is the director of the Aus company and thus may well be in the same situation as the rest of us regarding the status of what Ukyo has done, however, as a director he may be held responsible for the actions of the Aus company ...

There are 2 WeExchange companies. One is ran by Graet in Oz, with Ukyo onboard as well, the other is in Texas, owned only by Ukyo and, I presume, its purpose is mainly for running the servers, since, I presume, Ukyo is re-using some of his previous investments and companies for that very purpose (see the other threads).

There might be some equipment to seize there.

Or not.

He clearly wouldn't have to declare bankruptcy for that small sum $150 000/250 btc, but i guess the legal system would then have to look at all the money he owes to people and if he's possible investments he claims to have done haven't started to produce enough bitcoins yet it may be problematic for him if they can't handle his assets wisely until they do bare fruit, then all people he owes bitcoins may end up getting back less than 100% back.

He does clearly have some holdings worth some amount of bitcoins, the easiest ones is whats tied to a public bitcoinadress known to had the 232 000 activeminer shares at bitfunders closure that belonged to ukyo, that adress, 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq also had other holdings:

ActiveMining    232,175    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
ADDICTION         3,927    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BitPride            85,476    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
BTCINVEST            96    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
btcQuick      2,915,576    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
CRYPTO.LTC            2    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
DISCOVERY            10    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.AUD                1    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
FIAT.USD               27    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Graet.Loan           979    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Kenilworth              25    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
LabRatMining          15    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
NEOBEE          116,667    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
RentalStarter      9,505    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
SatoshiPoker 4,000,000    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
TU.SILVER              11    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
Ukyo.Loan          7,695    1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq


So if we take the last known price when Bitfunder closed or a later price if they have traded later on other exchanges or for those that haven't traded open just the buyprice we would get the following(i did count on it a few weeks ago so there may be slightly different prices on the stocks actively traded on exchanges now)

                          per share    Btc total          stock current status
satouchipoker       0,00008000   320                private
NEOBEE               0.00400000   466,668           Havelock
RENTAL STARTER  0.00579000     55,03395       Havelock
Graet.Loan          0,01                9,79             when graet gets back on track
ActiveMining        0,0006-0,005 139,305-1106,0875 BF 0,0009 Last price  (Cryptotrade 0,005-0,0005/CS)
BTCQuick            0,00013?       379,02488        values will be payed back to shareholders in 6-12 months time
ADDICTION         0,007              27,489           private
BitPride              0,00000400       0,3419
PAYED OFF ukyo shares             76,95
tu.silver             0,0111              0,1221         Private usagi
LabRatMining      0,119                1,785
Kenilworth         0,00062-0,0018   0,0155         ?? maby havelock in the future
FIAT.USD          0,0012               0,0324
FIAT.AUD             ?                       ?
DISCOVERY       0,0074                0,074
CRYPTO.LTC      0,019                 0,038
BTCINVEST       0,1922              18,4512         Trade Fortress missing, some BTC from Kate/ciphermine holdings
====================================
Total around                           1495,1107 btc

and there have been some dividends after bitfunders closure.

                                 per share    btc total
dividend rentalstarter   0,00001310   0,1245155
dividend btcquick         0,00000008   0,23324608
dividend Addiction          ?           ?

Thats around 1500 btc for those holdings alone.
If Ukyo also had other accounts/public adresses with bitcoinstocks in them on Bitfunfer or stock holdings on other platforms like BTCT-CO i don't know but it seems very likely.
There has also been several threads on bitcointalk where people seems to connect A couple of transfers of ~5000-7000 btc on 2 occations to a mining company and a bitcoin mining hardware producer, whether they got things right when they traced the flow of bitcoins and it was in fact Ukyo buying shares off the open market in the mining company and/or buying mining hardware from the hardware producer i don't know, i guess only ukyo and the 2 company's can tell.

Clearly some positions would have to be sold off carefully, dumping shares on the market wouldn't do any good for the price Ukyo get's for the shares and other things thats not listed may take time to find a buyer at resonable prices and if he in fact has holdings in the mining company that has had some problems sofar those will at least start to generate some btc back now and if ukyo possibly have started to get miners in the 100's of TH they would resonable be producing a fair amount of BTC each day for him now then.

In Ukyo loan it's pretty simple math Ukyo owes people around (2000-76,95)*(1+(0,015*3,5))~2024 BTC
In the weexchange balance matter it's a bit harder to know as we don't know how much of it that belonged to ukyo and whether his and/or cryptosyprus balances was included in the 6.175%, but around (386/0,06175)-386 = 6251-386 = 5865 BTC

I really don't think it will be good for anyone if people started 20 different leagal processes agains Ukyo that would just mean more costs for all parts and less money left to those ukyo own money, ideally Ukyo, Graet and cryptocyprus would talk more openly about what is beeing done and if/what people can do to help Ukyo/Graet to get back on there feets and sort this out as fast as possible.

Well i guess the obvious would be if everyone in the bitcoin community would point one or more of there Bitcoin miners & Litecoin/scrypt miners to Graets Ozcoin pools https://ozcoin.net/ and https://lc.ozcoin.net/ ,there hashrate is a bit weak at the moment and i think Graet would need and appreciate all the help he could get and by helping Graet you would not only be helping Graet and Ukyo but also indirectly be helping the something like 200 people that loaned Graet and ukyo money in there loans and also be helping the unknown amount of people that have funds stuck in weexchange get there bitcoins back, witch in many cases would mean yourself to.

Maby someone that actually have got any information whatsoever outside of whats been said in the open on bitcointalk from Ukyo/Graet/cryptocyprus in this whole Ukyo loan/Graet Loan/Weexchange mess would care to share some light on what really is going on and not just claim they can't say anything either.

Weexchange is registered in australia primarely, as far as i know. And i guess using an american lawyer will be costlier than an australian one when he gets what amount it is about. At the end i only want information first since i dont believe sueing simply will yield any good result. weexchange and ukyo dont have money to be sued out of them.

If there was an NSL, the DHS would not have allowed Ukyo to fly to Cyprus. The NSL is (believed to be) the only type of gag order where the target is not allowed to divulge that a gag order is in place. Ukyo has not unambiguously divulged that there is a gag order in place.

My conclusion is that there is no gag order, and Ukyo is being coy on the point simply to cloud the issue, and try to build plausible deniability.

All to try to avoid we marks from coming to the most likely conclusion - which is that Ukyo has stolen $Millions from us.

Based on the chat log, id guess some three letter agency has siezed the funds. The puzzling piece is what type of siezure would require a gag order?  Perhaps dhs seized the funds and a nsl occurred to seize all the data.

It's fun speculating, right?