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Topic: [BitFunder] Moving Forward/Resolution Process - page 59. (Read 292200 times)

legendary
Activity: 1190
Merit: 1001
There are still approximately 386btc available in the wallets. These coins will be paid proportionally to all owed users, based on current user balances, by Monday night.

All old withdrawal requests will be removed and each user will need to initiate new withdrawals when this new balance is ready.

Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.

So where the coins at?
sr. member
Activity: 420
Merit: 250


Danny seems to imply he personally has a large number of coins tied up in this matter, and that's why he's involved.

Which would put things in a somewhat different light.
full member
Activity: 167
Merit: 100
Worth noticing is that prior to BitFunder closing down these USA Laws caused BTC Trading Corp - btct.co to wind down as well.
But somehow Burnside (the exchange operator) managed to sent out every last satoshi to its users without any hiccups.
He even went for extra efforts patching bitcoind daemon just to be able to sent out the whole remaining dust.

No law was prohibiting him from returning users' property.


What US-LAWS? I mean if its the SEC then someone believes they would take half the bitcoins and let half of it in the wallet? Or is it really the hacker story that has to be hunted down now? If its a hacker... you know the hacker already knows you search him. No use in silence.
This better makes sense once explained.

This whole thing just does not make sense. This is the point when they even stopped posting made up explanations. I strongly urge everybody to post negative trust ratings for everyone involved. That is, Ukyo, Graet and Cryptocyprus. Those people who do not know about the Bitfunder scam should also be warned.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Worth noticing is that prior to BitFunder closing down these USA Laws caused BTC Trading Corp - btct.co to wind down as well.
But somehow Burnside (the exchange operator) managed to sent out every last satoshi to its users without any hiccups.
He even went for extra efforts patching bitcoind daemon just to be able to sent out the whole remaining dust.

No law was prohibiting him from returning users' property.


What US-LAWS? I mean if its the SEC then someone believes they would take half the bitcoins and let half of it in the wallet? Or is it really the hacker story that has to be hunted down now? If its a hacker... you know the hacker already knows you search him. No use in silence.
This better makes sense once explained.
member
Activity: 83
Merit: 10
This is the first time I got scammed...a great lesson for me I guess. I will never trust anyone and anything in bitcoin world, including this Neo & Bee "bank".
hero member
Activity: 546
Merit: 500
Guys, I don't have any money in BF, I'm just an observer. But I think this needs to be your last straw- I would quit letting Danny make excuses and demand the full explanation.

He clearly can't keep promises, so I wouldn't trust him. Ukyo is either a scammer or a liar who can't keep BTC entrusted to him safe. Either way, he has lost all respect from me and I don't see why anyone should still be sticking up for him.

Start filing your lawsuits against Ukyo or whatever your contingency plan is.

I demanded a full explanation from the start.

Ukyo definitely lied.  First he lied saying that the issue was a technical problem with the wallet, and then he lied again telling us on IRC that the funds were all safe.

I agree that a lawsuit is the best way forward.  The discovery process should bring out some answers at least.

Unfortunately, I'm beginning to think you are right. Sad

Now, is it better to get a lawyer in Texas, since that is where ukyo lives? What kind of lawyer should we be looking for exactly anyways.
legendary
Activity: 966
Merit: 1000
Guys, I don't have any money in BF, I'm just an observer. But I think this needs to be your last straw- I would quit letting Danny make excuses and demand the full explanation.

He clearly can't keep promises, so I wouldn't trust him. Ukyo is either a scammer or a liar who can't keep BTC entrusted to him safe. Either way, he has lost all respect from me and I don't see why anyone should still be sticking up for him.

Start filing your lawsuits against Ukyo or whatever your contingency plan is.

I demanded a full explanation from the start.

Ukyo definitely lied.  First he lied saying that the issue was a technical problem with the wallet, and then he lied again telling us on IRC that the funds were all safe.

I agree that a lawsuit is the best way forward.  The discovery process should bring out some answers at least.
member
Activity: 105
Merit: 11
Last update was when ukyo moved to Cyprus, next update when he has a new identity, then no more updates.
hero member
Activity: 1008
Merit: 537
legendary
Activity: 1946
Merit: 1035
member
Activity: 80
Merit: 10
My guess: link won't be posted, instead we'll get a small update about how something last minute went wrong, and then 'a lot more details will be coming really soon' kind of post.

+1
sr. member
Activity: 294
Merit: 250


Didn't Bitfunder shut down just after Silk Road.  Could Ukyo and thedreadpirate be related?

Did the server get shut down and ceased by the FBI?

full member
Activity: 223
Merit: 100
Worth noticing is that prior to BitFunder closing down these USA Laws caused BTC Trading Corp - btct.co to wind down as well.
But somehow Burnside (the exchange operator) managed to sent out every last satoshi to its users without any hiccups.
He even went for extra efforts patching bitcoind daemon just to be able to sent out the whole remaining dust.

No law was prohibiting him from returning users' property.
legendary
Activity: 1946
Merit: 1035
I wish I were an observer here but I got several BTCs held in hostage here  Cry

So, you said there would be a first repayment today, at an undisclosed ratio AFAIK, why is this? And how do we get that first repayment? It is past 9pm here, and already "tomorrow" in Australia... sigh. Oh, that's Cyprus, right.

Please, don't make it look worse than it should!
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
I just hope that if the link isn't posted today people will stop being strung along. Been trying to show people how this works for weeks but I haven't been successful yet apparently.

My guess: link won't be posted, instead we'll get a small update about how something last minute went wrong, and then 'a lot more details will be coming really soon' kind of post.

I hope I'm wrong! Let's see what happens. So far it's exactly as I've been saying for the last month and half...
sr. member
Activity: 378
Merit: 250
Where is the link for action withdraw?thank u
legendary
Activity: 1386
Merit: 1000
8 months is that all, I too have seen way too many scams and didn't want this becoming another. I do have an extremely personal vested interest in getting this resolved. One that will make many people struggle for words when they realise just how petty they have been and I have taken the stance that every single person will get their coins back before I receive anything.

If I talk about what has happened it will break US law. I am easily held accountable whilst I live in Europe.

It is now down to Ukyo to post the link. 2/3 hours and you want to string me up for it.


First, I hope that you're serious about the part that I've bolded - that you're promising that you will not receive any funds until BF/Weex users (and Ukyo.Loan holders?) receive their funds.

Especially because you issued a threat that users who seek legal recourse will be moved to the back of the line. So, which is it? Will all users receive their coins back before you, or just those that choose to trust you and (the clearly untrustworthy or incompetent) Ukyo and don't take legal action?

If people don't want me to help towards getting their coins back just say, lawyer up, go for it yourselves (Good luck) and I will reduce my targets by their amounts and continue towards getting everyone that is happy it their coins back. In fact it will make my life much easier.

Contradicted here as well:

The "no preferential payments" part of this, is something dictated from above.

Second, thank you for stating that is it US law, but there' still no explanation as to what US law it would be that you would be breaking by discussing this.

Lastly, 3 hours isn't the end of the world, but when it comes to people's money, don't make promises that you can't keep. Here are a few others that you've broken:

1.
So do you believe that we get our coins back this year ?
The process of receiving them will start this week.

2.
There is a tiny amount of BTC in the wallets, however by this Friday there will be access to these coins, distributed on a proportional basis.

3.
The update that I had planned for today shall now be made at noon (GMT+2) tomorrow. Sincere apologies for this, however the information that can be provided tomorrow will be much more detailed than previously expected.



I hope that you do work towards solving this. But please do it in a manner that is respectful to the community and its users, however frustrated they may be, and a manner in which all of the promises that you make are kept.
full member
Activity: 210
Merit: 100
8 months is that all, I too have seen way too many scams and didn't want this becoming another. I do have an extremely personal vested interest in getting this resolved. One that will make many people struggle for words when they realise just how petty they have been...

But you'll say "Father, forgive them; for they know not what they do," amirite?

sr. member
Activity: 686
Merit: 250
8 months is that all, I too have seen way too many scams and didn't want this becoming another. I do have an extremely personal vested interest in getting this resolved. One that will make many people struggle for words when they realise just how petty they have been and I have taken the stance that every single person will get their coins back before I receive anything.

If I talk about what has happened it will break US law. I am easily held accountable whilst I live in Europe.

It is now down to Ukyo to post the link. 2/3 hours and you want to string me up for it.
legendary
Activity: 1386
Merit: 1000
Ukyo will be positing the link where people can log in and action the withdrawal before he flys back to the US tonight.

TwentySeventy as an observer what promise have I broken in relation to helping get people their Bitcoins back? People can demand all they like, heck they can visit me in person. But it wont change the fact that I am legally bound to maintain silence for the time being with regards to the full story.

Danny, you literally couldn't even keep the last promise that you made here:

Full instructions on how to access the site to process these withdrawals will be provided by 5pm (GMT+2) on Monday 16th December, when you should be able to withdraw the portion of available funds allotted to your account.

The update was not posted before that time and users still cannot withdraw the funds.

It would go a long way for you to:
1. State why you are helping with this process. Time isn't free, so I'm assuming you're being compensated in one way or another.
2. State why you're not legally allowed to discuss this. Is it an NDA? Is it because a crime has taken place? Giving a simple, one sentence reason for WHY the law (and what law, US law? Cypriot law? EU law) prevents you from providing the explanation is necessary at this point.

I've only been around for the last eight months and I've seen too many scams end by a bunch of 'wait until next week' promises that eventually trickle away.
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