Hi all,
My 2 cents, which is all the investment I have left after this debacle.
Dumbfruit, I don't think it is time yet for a suit. There may be some possibility still of us getting something back. TF has acted irresponsibly; even better communication would have gone a long way. But, he is still communicating and does seen to be intent on getting something back for his investors. Also, just as I thought, when things got tough, the people who he relied on suddenly got real quiet.
Given a bit more time, FT might be able to scrape something together to make us feel like we got something back. Put him on the wrong side of a lawsuit and there won't BE anything to get back. On the other hand, if we give him this chance and he renigs, I'll join a suit just for spite.
To TradeFortress. You promised a mass email. I think you made this promise when you thought you could get payment or promise of payments and make a plan of how and how much we would get reimbursed. I am happy you tried and continue to try.
I do think you should make better use of the community here to try to get payment from your non-responders. If they are renigging on you, they are bad businesses and informing the public is a service. You have partly done that today. Do it more. Let us be your partners in this. You also said that some of your debtors are having trouble because of the exchange rate. It is my entirely uninformed opinion that this run up is going to crash hard. Talk with them about making good after a crash. Tell them to just keep making payments as normal!
One thing to do also is see if there are people willing to cash out now for a steep haircut and those willing to let their BTC sit with you while you get the debtors to make good. If you could make a reasonable guarantee that in six months I could get, say 80% as opposed to 20% today, I might consider my options and feel well served. Not happy, mind you, but at least respected and not desparate, which is kind of the feeling I have right now.
I hope you also getting people to try to find the hackers. If you asked for help with this, you never know what might happen. Getting the coins back might be a different thing, but finding out who they are... Consider putting a bounty up.
You still have people here who would be patient and help you if you asked and if you were more forthcoming. You have yourself admitted that you messed up big, so if there are any more revelations, they shouldn't sting as bad.
I do also think that you must write the email you promised and not just a post here. This is important because you are making us come looking for you. Take the initiative and be in touch with us. Do include a sit-rep and do be realistic. We already know this sucks, so tell us how bad instead of making us guess. Do tell us when and how much we'll be able to get back. You don't really know, I know; but give a range going from poor to ok case scenario. If it turns out better, yay. But not getting hopes up is important too.
If you want help in pressuring creditors and in asking for help tracking down the bad guys, I would let you use my website, bitcoinwarrior.net, as a place to post calls to action and updates.
This loss has really hurt me. If is my fault for investing it and I take responsibility for making that decision. I am, however, interested in making back what I can. If I can help you in the process, well that ok too.
Edited for clarity and iphone fingers.
Wasting your time. Nobody is getting 80% The situation is worse than he let on which is why he is so terrified of being transparent.
Maybe it was the rise in BTC which prompted this "theft" - pure speculation
ALL CL liquid funds are gone/stolen.
A portion of his debtors wont repay after loosing money on inputs. for them its already settled.
He accidentally* lent to people vulnerable to the btc rate and they cant repay.
His shares and other investments are wiped out as he said.
He gave his personal funds to cover inputs users rather than CL.
It sounds like a 50,60,70 or 80% loss to me but as of this moment it is 100% loss. People wont accept that TF. Give the dog a bone. A fractional % to ease some pain, some communication with your users, a commitment to dealing with current debts in a smart way rather than bailing on future payments for substantial discounts. If the rate drops you will feel even worse.
