Topic: Class action Litigation vs. Bitcoinica Consultancy LTD & Intersango LTD - page 4. (Read 26991 times)

Was Patrick handling the claims process by himself ?

Sane question before the trolls come in: Is Bitcoinica LP is heading for a receivership?

I suggest making sure you're not solvent

Hi,

Sorry for the hiatus, but I had to take a break to preserve my mental sanity. Here's the update:


Let me know if you have any suggestions.

My balance was 450 BTC, no open positions. All deposits made by mtgox codes. I'm interested in joining the process too.

My balance there was a little more than 150 BTC. I'll help if I can.

I wrote here a few times that "to buy" for all clients' money. Maybe later, but they did. Just speculate. This is bad from an ethical point of view, but it could well solve the problem (and is still in force)

well i had $1205 and 205BTC in there and no payout, i am no longer hopeful that it will progress any further either.

I cannot contribute any money to this effort just though i should share

Doesn't matter. Grand epic stupidity is still the default scenario here, unless you got the smoking gun that there is an inside job.

Mate... 24,841. My thoughts are with you.

Thank you, I sincerely hope to still get my money back. Owners have left too many traces. I think their place is better now to think about the consequences. And to return all lost.

naima53: I put you on the list and send you the details later today
DrFred: Your claim is probably too low to be included in the process, but I'll ask the others

Anyone: If you have a significant claim and are interested in resolving the issue, please contact me. We represent a significant proportion of the deposits owed by Bitcoinica and are attempting to pool our resources for a single action.

Every day they don't contact the police is gross negligence.  As officers of a corporation, they are required to protect the corporation.  Not calling the police is a derelict of duty, and they will be held responsible, civilly at least.

As for the proof, it is coming together.  For example, they had two factor authentication turned on for their MTGox account, then for some reason they turned it off before the "theft" occurred. 

My balance there was 98.19023272 BTC. No USD and no positions. Not really much money to contribute to this effort, but I'll help however I can.

I had a loss in this $ 4260.16 , BTC 562.93 , have open position, I am pleased to join the process, but unfortunately I`ll could`t personally present at the process. I can provide proof of information. And ready to provide any help what I can.

For people who do have deposits with Bitconica, to get their money back.

People who do not have deposits with Bitcoinica, yet are potential future victims of theft, fraud or contract violations related to Bitcoin, can still benefit indirectly, because it could help them avoid or ameliorate these.

EDIT: What I mean is that even people who do not have unrefunded deposits with Bitcoinica have a reason to support our effort.

While I do not have anything invested or did not have anything invested in bitcoinica, I do have an interested in the outcome.
Two very big exchanges are wrapped up in this and it massively effects our community both the more business side as well as from the side of the miners.

The exchange was clearly run in a way that was negligent in how lax they took their security, their is multiple examples of this expressed in this thread.
From single point of authorisation, where double is becoming the norm. As well as passwords being found in source code available in the public domain and not changed for the live site.

Quiet frankly they made it as easy for the hacker, as hiding 1 key under the doormat and let him walk in unlocking the single lock on the door. Nothing stopping him afterwards from just going around and stealing anything he wanted after that.

I'm no expert in this, but in the insurance business I do know this, if the criminal managed to gain access because you left your doors open or left the keys available to him, they will blame you and you get no compensation. Very few small business have insurance for the same style of thing in the digital business, but the blame game works the same way.
Their lack of security were entirely at blame, the same applies here, the hacker was just a opportunist who did his act, with so little effort, the blame is entirely upon the person(s) responsible for placing passwords into the public domain and to a smaller (but still important) whom should of put in place double authorisation for accessing the sites "main vault".

The sounds like the both of these issues, can be laid upon the original guys.
But the "new" owners are also responsible for not fixing these glaring issues, if they had access and rights to do so.

I wish everyone the best of luck getting your bitcoin and/or fiat currency

Tihan hinted at legal action, don't count on any updates and resuming refunds until dust settles internally within those involved/responsible. Bitcoinica Consultancy most likely is seeking legal advise/defense at this point

Their personal lawyers are probably horrified by the statements which have been made to date and and told them to STFU and not make any further comments without legal advice.

I havent heard anything that would say they intend to hand them back since the latest hack. None of them have posted anything wrt to doing that.