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Topic: [BitFunder] Moving Forward/Resolution Process - page 26. (Read 292138 times)

legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
It might be helpful to check out the weexchange portal addresses too. That means the addresses where the 6.1% were paid out from.
So everyone who got a payment from the weexchange portal, the 6%, could send my the address the payment came from anonymously via pm or can post it here in the thread: https://bitcointalksearch.org/topic/weexchangebitfunder-user-deposit-addresses-where-are-the-coins-gone-437154

It looks there are long trails of payout addresses that can be followed but there are different trails so having an address in each trail would be needed.
sr. member
Activity: 378
Merit: 250
Listen guys. I just got an idea.

Don't you see connection between current malleability issues and Bitfunder ? Maybe Bitfunder was first victim of "malleability feature" in bitcoin protocol? I know you can't transfer any coins between wallets without confirmations of the network ... UNTIL you don't use custom made software with hot wallets in your system which allows exactly this kind of instant transfers, which are crucial for exchanges like bitfunder.

I just remembered : "The bitcoins are simply not there." - Danny
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
I spoke to him on Skype earlier. Things are progressing but my guess is it'll be a fair while yet unfortunately. As has been said before, some things are out of his hands and they impact the time period involved. Don't ask me how long or if it will work out because I don't know. As long as I feel there is progress then I'll wait.

He should post a progress bar then. What's the current estimate on progress, 2%?

6%

You bet me to that one!

Tongue
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
I spoke to him on Skype earlier. Things are progressing but my guess is it'll be a fair while yet unfortunately. As has been said before, some things are out of his hands and they impact the time period involved. Don't ask me how long or if it will work out because I don't know. As long as I feel there is progress then I'll wait.

He should post a progress bar then. What's the current estimate on progress, 2%?

6%
after almost 3 months ...
legendary
Activity: 3122
Merit: 2178
Playgram - The Telegram Casino
I spoke to him on Skype earlier. Things are progressing but my guess is it'll be a fair while yet unfortunately. As has been said before, some things are out of his hands and they impact the time period involved. Don't ask me how long or if it will work out because I don't know. As long as I feel there is progress then I'll wait.

He should post a progress bar then. What's the current estimate on progress, 2%?

6%
sr. member
Activity: 493
Merit: 262
I spoke to him on Skype earlier. Things are progressing but my guess is it'll be a fair while yet unfortunately. As has been said before, some things are out of his hands and they impact the time period involved. Don't ask me how long or if it will work out because I don't know. As long as I feel there is progress then I'll wait.

He should post a progress bar then. What's the current estimate on progress, 2%?
More like .2%, he's currently struggling to go into hiding
sr. member
Activity: 248
Merit: 252
I spoke to him on Skype earlier. Things are progressing but my guess is it'll be a fair while yet unfortunately. As has been said before, some things are out of his hands and they impact the time period involved. Don't ask me how long or if it will work out because I don't know. As long as I feel there is progress then I'll wait.

He should post a progress bar then. What's the current estimate on progress, 2%?
sr. member
Activity: 364
Merit: 250
I spoke to him on Skype earlier. Things are progressing but my guess is it'll be a fair while yet unfortunately. As has been said before, some things are out of his hands and they impact the time period involved. Don't ask me how long or if it will work out because I don't know. As long as I feel there is progress then I'll wait.


member
Activity: 120
Merit: 10
Jon apparently posted on IRC about 9 hours ago. Nothing new but still better than pure silence.
Code: (#bitfunder)
 still stuck at 6%?
still stuck at 6% -_-
Not in hiding
Things have been hectic trying to make arrangements
HI HOOOOOOOOOO Silver..
hello Ukyo
hey
hi
:)
Ukyo said something
* whitty runs off to post it on teh forums
oh wait no, I have other shit to do...
lol
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
Just noticed that I made backups of https://bitfunder.com/assetlist.json every few hours between 14.10.2013 17:30 and 07.12.2013 00:07. After that date the list was no longer available.

In case you ever want to check specific entries -> PM. Wink

https://btct.co/history-bitfunder/
legendary
Activity: 1106
Merit: 1026
Just noticed that I made backups of https://bitfunder.com/assetlist.json every few hours between 14.10.2013 17:30 and 07.12.2013 00:07. After that date the list was no longer available.

In case you ever want to check specific entries -> PM. Wink
full member
Activity: 224
Merit: 100
Ƶ = µBTC
This thread is so full of wishful thinking. How sad...  Undecided

I know what you mean. It's like this:



However, not everyone is in denial. More and more are getting out.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
This thread is so full of wishful thinking. How sad...  Undecided
legendary
Activity: 1554
Merit: 1000
This means that on 11th of August 2013, more than half of WeExchange's funds were transferred into some other wallet, where they became intermixed with funds that probably did not origin from WeExchange.

Sigh! It looks like no one dares to say the obvious conclusions. So, I'll do that for you:

  • Ukyo sent most of WeExchange's funds knowingly to a third party.
  • The WeExchange wallet was fractional since at least August 2013.
Was this an attempt to obviate moves by an authority? Would have been the time that notifications were sent out to exchanges, im guessing.

Also, Jon was advertising for a dev (cant remember the precise date). Was that post filled? Anyone know who?
full member
Activity: 224
Merit: 100
Ƶ = µBTC
This means that on 11th of August 2013, more than half of WeExchange's funds were transferred into some other wallet, where they became intermixed with funds that probably did not origin from WeExchange.

Sigh! It looks like no one dares to say the obvious conclusions. So, I'll do that for you:

  • Ukyo sent most of WeExchange's funds knowingly to a third party.
  • The WeExchange wallet was fractional since at least August 2013.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
I doubt this is what happened (a problem do to do with transaction malleability). It's possible, but doesn't add up for me. Mainly because I don't see why Ukyo would keep this such a secret for months. (And then seemingly disappear).  If the coins were stolen he would be less legally liable at best, and at worst, he'd at least get some understanding from the community.

If you look at his behaviour, when the crisis occurred, how he dealt with it, how he accepted deposits knowing he couldn't pay them back, what's going on with his loans, and the threads showing him using some users' deposits to pay for others, and now most recently, disappearing incognito, I believe the most likely thing that happened was that he was treating peoples' deposits as his own personal investment wallet, gambled, and lost.

Of course this all guesswork.

If you are going to pursue legal action I just suggest you do it sooner, rather than later. I don't think anyone will get their money back from this, but at least it would be good to know what happened, and if Ukyo did something criminal, he should be punished. At the least it'd be nice to see him have to go bankrupt.

I would bet though that if there is no prosecution or lawsuit, he'll never tell any of us what happened. He's given no indication that he intends to. Unless he's sued all we'll ever probably know is that 'the coins are gone'. We've made no progress at all in what, the last 45-60 days? In fact, we are hearing progressively less.

My sincere condolences to those owed more than 10 btc. I'm royally pissed at losing 1 btc, I can't imagine what state I'd be in if I had a significant amount of money on the line.
full member
Activity: 224
Merit: 100
Ƶ = µBTC
If WeExchange lost money because it was unable to handle transaction malleability, then this would certainly leave a trace in the blockchain.

An attacker would request a withdrawal of amount X to address Y, send a modified transaction to an affiliated miner, and then open a support ticket complaining about the withdrawal not being processed.
If the attack was successful, WeExchange would issue a new transaction of the same amount X to the same address Y, leaving a trace in the blockchain.

Of course the attacker could also request cancellation of the withdrawal; however, there would be no incentive to do so because the attacker would want to quickly take the money and run.

Everyone can check WeExchange's transaction records and convince themselves about the (un)likelihood of this scenario...

You might be interested in my latest posting:

https://bitcointalksearch.org/topic/m.5033659
legendary
Activity: 1554
Merit: 1000
This thread... you guys are so masochistically obsessive.

Do really need to fill the internet with hot air, recycled over and over?

Say something new, do something new, or stop talking please.

Some of us are owed hundreds of thousands of dollars. Do you expect us to just sit there and wait for our coins to simply reappear magically?

No, but that's also not what I suggested.
You know more than most TAT. Indulge us.
legendary
Activity: 1554
Merit: 1000
No, but that's also not what I suggested.
Well, even though, I think you're wrong. Keeping those threads alive with useless bumps have at least 2 advantages:
- they let newcomers know that they should not trust anyone, especially people with imposing +trust ratings
- they let newcomers know that they should not deposit on weex (remember deposits were still allowed on coinlenders/inputs weeks after he admited being a scammer? Remember that people could deposit on weex AFTER the bankruptcy announcement?)

Actually, there should be a mod-maintained sub with a single post for every known big scam, and a sticky one to reference them all.
It's such a mess that it takes too much effort to sort out, now.
I think the original poster couldnt keep up!..... https://bitcointalksearch.org/topic/m.923921
sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
No, but that's also not what I suggested.
Well, even though, I think you're wrong. Keeping those threads alive with useless bumps have at least 2 advantages:
- they let newcomers know that they should not trust anyone, especially people with imposing +trust ratings
- they let newcomers know that they should not deposit on weex (remember deposits were still allowed on coinlenders/inputs weeks after he admited being a scammer? Remember that people could deposit on weex AFTER the bankruptcy announcement?)

Actually, there should be a mod-maintained sub with a single post for every known big scam, and a sticky one to reference them all.
It's such a mess that it takes too much effort to sort out, now.
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