Topic: [BitFunder] Moving Forward/Resolution Process - page 35. (Read 292138 times)

orrrrrrrly?

got any more assets yer selling off to pay back your victims?

Icedrill? Satoshipoker? Neo? Ziggap? Bakewell?

Repeated cross-post from: https://bitcointalksearch.org/topic/m.4699685

Ken Slaughter thinks his personal debt is more important than all other Weex users and is using his book education in Indian law to personally keep 100+ BTC worth of shares that I have been trying to sell to distribute to WeEx debtors.

He has gone as far as laugh it off with "good luck gong to belize to sue us"



Also from PM:


I appreciate your 'good luck to sue us'. That's a real show of character.
I suggest all shareholders take heed of this warning.
What is wrong with posting your history? Are you afraid of something? You seem pretty concerned if your willing to make threats over it.

Notice was given 45 days before the transfer from BitFunder to WeExchange.
The site was shutting down and it was known to you that the only method of bitcoin transfer is via WeExchange which you accepted and used.

You should have no funds left on BitFunder. Any account that was properly linked (Which would be the ActM official account) had its full balance transferred. I think everyone is well aware that only a few people who had linking issues with weex have a small stuck balance.

How is it you have an account with 38btc that is not ActM that you are linking into this?
How many more accounts exactly did you create for trading on BitFunder than the handful I know of?
I suppose I will have to do a more in depth search on all of you ip addresses, linked accounts and addresses.
Why have you not claimed or reported this stuck 38btc prior?
You have not mentioned the 6% claimed from the portal yet either and subtracted that.

In the end, your argument is that I owe you XXX btc personally.
If your argument holds up then that means you are not the only debtor.
If this was the case, as someone mentioned prior, any funds of mine would need to be proportionally distributed.
This is not a mechanics lien.  You did not do work or provide services. You do not have first right to the funds.
Also I see you are not including "legal costs" of unspecified amounts into what you plan to take from any proceeds.
It sounds like no matter what, your intention it to keep 100% for your personal issues.

And just because you are CEO of a company does not mean you can abuse that authority on behalf of your own personal
problems and desires.

So to be clear, you are using your position as CEO of a company to force a sale of a shareholders shares to ensure your personal BTC losses are covered before other debtors can claim their portion when you have absolutely no evidence to show that the shareholder has directly owes you anything.

You do understand the difference between a corporation and an individual?
I hope you have this same understanding with accounting practices and funds.

WeExchange has a debt to many individuals and not just you.

Again, why the sudden rush and need to sell the shares? Why can't they just be locked worst case scenario?
You seem desperate. Why? I figure it will take you at least 2~3 more months to finish buying back ActM shares.
Why the need for threats? What is it you are so afraid of?

I bet people would love to see the complete shareholder listing as it stands. Would probably be more interesting
if ownership names could be included / proven.

Also, for a lien you must file something, somewhere with a valid reason and provide notification to the person you are filing against.
Normally, unless it is a mechanics lien, you file a lien against a person or entity.

I think you need to talk to your Belize lawyers and not whatever lawyer gave you a book quote rather than an official statutory listing.
(Personally, I would fire that lawyer and hire a new one.)

I found your link very interesting though. How about linking some documentation regarding Belize Corporate law instead?
Unless this is a confession that you are operating as a Indian entity and these are shares of an Indian entity?
You do realize that book is about Corporate laws in India... right? Your lawyer must be short on time and not taken notice.
Next time you are gasping at straws, you should check the first few chapters for relevance and stop trying to mislead people.

(For those of you who are curious, start with page 2. Definition of a company regarding the Companies Act of 1956. (India) and
the following line of "a company formed and registered under previous Company Laws in India."
I am going to go out of my way to say that you have had absolutely zero legal advice and are acting solely based on random google searches
and relying on "Well let him try something." rather than doing things properly.
I truly hope for those who have invested into ActM that you run your business better than this.

Please stop being inconsistent and show people if you actually have an understanding of the things you are talking about.
It's almost like you are purposefully misleading people.

(For anyone curious, feel free to call a US corporate lawyer for a free consultation and ask about shareholder rights and liens.)
Then again, that's US law, not Brazilian.

I response to your unofficial "notice of lien" hereby request that you post the contact information for your corporate Belize lawyers or PM it to me so I can contact them to make arrangements so this can be handled properly and officially. I will make sure that any documents are released to the public so they are fully aware of the situation.

Please keep in mind that your professional manner in handling this situation dictates how you will and ActM will be viewed going forward.
As a ActM shareholder and I am sure many others agree, if ActM is to succeed, it must act properly and not arbitrarily or expose the
company to unnecessary risks.

Stop acting so desperate and do things right.

Thank You,
Ukyo

@Ukyo
I will explain it to you, a corporation has a lien on its shares for any sums owed by a shareholder, so we have a lien on your shares.  You are the owner of Bitfunder and the funds where on Bitfunder.  Because they where transferred to WeEx in a contract that you had with them does not relieve you of your obligation to pay us our funds.  Also, 38 BTC was left on Bitfunder and I have screenshots of it being there.  I did not authorize it to be transferred to WeEx.

Said this 3 weeks ago.  Again, I'll repeat it.  Going to repeat it every month until more of you come around.  Absolutely no progress has been made. He has made MILLIONS of DOLLARS from this.

Give yourself a deadline.  Ukyo has been taking the publics deposits into his own fucking wallet since NOVEMBER knowing he could not pay people back. If this isn't a red flag or a concern for you, you are an idiot. I'm sorry, I'm not sure how else I can put it.

When will you do something about this? Anything is better than nothing.   Another 2 weeks?  Another 2 months, 5 months?  Just at least set a deadline.

He is buying more time.  At the very least Ukyo should have at least TOLD us what HAPPENED with all of our BTC we deposited to "WeExchange | A safe way to pay and get paid".

You have had money stolen from you, you should be angry.

If you didn't already know it then Ukyo founded a server hosting company long before bitfunder and weex: http://www.cologuys.com/
He might manage the server(s) himself. (it doesn't seem like he is involved in the company anymore though)

Good question.. I have no idea but he wrote this definition of the custom code:
There could easily be more custom code we haven't heard of though..

Like WeexUser wrote, Ukyo asked for help. But there wasnt a workaround yet for that wallet size and ukyo had a lot custom coding included so it would be hard to change for outsiders.

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If its really a legal issue that involves bitcoins taken from weexchange then ukyo would fail miserably not telling us this because we wouldnt have the chance to sue early enough. Someone would get his money back and we are the bagholders. It wouldnt make sense to have a gag order then too. Gag orders should only make sense when government still wants to investigate.
It wouldnt make sense either to take funds that specificially dont belong to ukyo nor weexchange but to certain people. Seizing that money would be something ukyo's lawyer could go against easily. Of course only when he wants.

Im not sure but i read it the way that he disabled withdraws and only 4 hours later found out about the problem.

"Finding out" is strange. Was his server confiscated? Can he really be that stupid and not having backups? I mean i cant imagine a half serious person having responsibility for millions of user funds and then letting all saved on one place only without backups. If thats really the case it would be no wonder he dont want to talk about.
Regarding server... maybe some unscrupulous employee at the server host found the wallet and now makes an extended trip over the world.


Why shouldnt he be able to use another wallet? The custom code isnt needed to send bitcoins. The only thing to do would be importing all private keys into another wallet. Maybe only a couple always to not break the new wallet. He didnt do this so i think either he dont have the private keys or the coins are gone.

If the restarting issue is fixed it wont help us like he wrote in the chatlog. I want to know what would help us.

Im switching from letting ukyo try his "plan" to "sue him fast before nothing is there anymore" back and forth... i couldnt care less if weexchange survives. For me weexchange is dead anyway and i dont see what ukyo will use it for in the future.

The coins i lost werent weexchange funds, they were my funds weexchange had in escrow. So if the coins were stolen it wouldnt hurt i know it, when they were seized then it would be illegal and and and.

*argh* This topic is exhausting.

First the bitcoind stops bitcoinding so you can't get them pesky bitcoins out, and then bitcoins unbitcoin all by themselves right out of that stubborn bitcoind.
Sometimes it feels like them bits just conspire against Ukyo.

He did ask for help publicly.. The answer from the bitcoind devs was that the client wasn't made for wallets of that size.

Edit: And he couldn't easily use another wallet as peope suggested because he had inserted some custom code in his bitcoind client.
He is allegedly now working on migrating his system to use a newer version of the bitcoind client. The newer version of bitcoind does not need his custom code due to a new feature and it fixes the block issue. He don't know yet whether it will also fix the restarting issue.

The block issue is a new separate issue that happened to some bitcoin clients at the end of December and it can not be related to the cause of the withdrawal issues that started in October-November.

• The first issue is bitcoind not being able to handle the huge wallet and restarting. Ukyo started doing the manual withdrawals after being unable to make a quick fix for this problem.
• The second issue is the actual problem. It is the issue that Danny refers to as a "legal issue" that he can't talk about. Ukyo now states that it started around the 15th November. It was also around that date he stopped doing manual withdrawals, stopped writing on the forums for a month, and said on IRC that "shit has hit the fan", so his story matches up perfectly.

I think I just noticed something important in what he said:
If this is true it basically debunks the theory that the coins were stolen (by other people than Ukyo at least), since he would obviously not have been able to continue to withdraw coins for 4 hours.

Wow, he still doesn't want to admit that the bitcoind issue was a bold lie.

Edit: Guys, if its an issue with bitcoind, why wouldn't he go ahead and ask for help publicly? That stuff would be fixed within hours/ a couple days. I mean he's highly incompetent, but that would be hilarious.

Ukyo... you mentioned 2 problems in the last chatlog. Are those 1) the crashing bitcoind after some time and 2) the block that was blocking the wallet because it couldnt be processed so the wallet was kept at a old state of the blockchain?

If so... are the coins still in the wallet or are they gone like you wrote once in IRC?

I wonder what ukyo took the bitcoins he received from the loan for. Might it be that he invested it somewhere and get returns now?

Regarding the wallet... the first problems was that bitcoind crashed all the time so he claimed he started manual withdraws. Its mostly fixed he writes. The second issue prompted the sudden halt of withdraw system. Might that be the block-issue? Where bitcoind couldnt load or process a certain block so it stopped in the blockchain?
"most everyone would have their btc by now"... does this mean the bitcoins are still there but cant be accessed because bitcoind cant move on to the last blocks?
I think it only sounds good. If it were that easy ukyo long ago would have started speaking about it. I dont know what to think about this chatlog.

Here's a new question:

quite a few actually. mostly regarding the loan stuff
but thats actually helped the weex stuff along

What are those good things then?

Note that he said the "its about bedtime"-part almost 2 hours ago. Unless he had an all-nighter he is probably not in the US atm. Australia (where weex is registered) would be a good bet.

can u please send me that pic...I do like to call the police as well.

You got to be kidding me. 

Didn't Ukyo really say he had his private wallet funds in the same wallet as the "safe and secure" deposits into WeExchange?

I'm getting more and more angry at this fuck-face scammer.  I really, really hope he doesn't just walk away from this thievery, this guy is scum.

Once again, will repeat what I said a month ago:  How long are you going to give this scammer?  It's been over 3 months now.  It is completely infeasible that this is a technical problem that he can't solve.  That he can't even tell us what he did to the missing millions is inexcusable.  All the signs look like he was treating everyone's deposits as his personal wallet -- this is just plain thievery.  If you are going to sue, get on it.  Personally I hope he ends up in a ditch somewhere. Having lost my job those funds that he stole from me would have really come in handy, this guy is fucking pond scum.

*lol* I knew when you started writing that you arent the smartest. You tell me that you want to go doing crimes in order to serve your justice. If ukyo is only a bit smart he would call the cops and you go to the police jail.
Sorry, your plan is so dumb... and now i feel dumb that i thought i should ask you... maybe he has a good idea i thought... i should have known it better. When you get scammed you not only lose bitcoins... no, you would even go to jail for a scammer. Now thats a plan.

I think i stop now. I think i made my point.

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Thats not my guess. Thats what ukyo wrote once. He wrote that all his personal bitcoins were in weexchange wallet too. Of course there is no way to proof this.

PPL hold on - Danny wrote today as below, Ukyo doesn't vanish.

If he actually sold them, i guess he could be in trouble. Looks like good ole fashioned, leverage, and should only be expected as time ticks on, and on....

As I mentioned earlier Jon is far from anonymous. I personally managed to find a few somewhat blurry and old(2002) pictures of Jon.
Including one where Jon has a cat on his head He even confirmed it was him on IRC.


Wouldn't Ken get in big trouble if Ukyo indeed has a legit story? (well in any way actually. I don't think it is allowed to steal from even a scammer..)