Investigating Razormind case! Coinidol.com News Outlet invites every member of the crypto-community to join the jury in the case, where scammers have allegedly stolen about $10,000,000 and asks everyone to participate in an open vote - https://coinidol.com/coinidol-to-hold-public-trial-of-razormind-scammers/ The story we want to tell you is about how Coinidol.com had to refuse to advertise the company of a suspicious client after our own study into their reliability. We found out that they have already stolen $10,000,000. By the time we had figured it out, they had already sent us $1,000.
We wanted to send that money back to Jawad Yaqub, but isn’t it odd to return stolen money to a thief who has taken that money from other people? However, we are not going to keep this money either. We don’t want stolen money. We believe that these funds should be sent to charity. But we want to set a precedent of market self-regulation without police to verify our decision with the votes of the community, just like we do to verify the block in the Bitcoin network. We want to act according to the decision of the crypto community.
George Gor, CEO and co-founder of Coinidol.com is explaining this public initiative with the words: "Can the whole crypto world set a precedent, when we force scammers, who have stolen up to $10 mln in Bitcoin to pay $1,000 to charity?”
As has already been pointed out by a commenter on that page, if the funds are suspected to be the proceeds of crime, which they are, you need to report such to the relevant authorities and retain the money as evidence, to be handed over to Law Enforcement as part of the case against Yaqub. Knowingly spending, or giving away, money that you have already declared you believe to be stolen is a crime itself.
Vigilantism is a legal minefield and, frankly, the energy would be best spent on tracing the location of the ICO funds under Jawad Yaqub's control.
He has already posted a picture on his facebook which shows a bitcoin ATM machine in the background, so there is every motivation to trace the funds before he can cash them out. There may still be a chance they could be recovered through legal action against him, criminal and civil.
It is good to see an industry news source attempting to take a meaty bite out of this story, instead of the piss-poor
'Red Flags' apologia on CT written by Niall Maye, which basically was an attempt to downplay the blatant facts of the scam and his part in
repeatedly promoting it. But I do have to say that Coin Idol article is a little all-over-the-place and really only skims much of the truly interesting aspects of this fraud.
It also completely misses the fact that this thread already uncovered the truth that the DeOS software was actually ripped from the
OS.JS open-source project and that its author, Anders Evenrud, had to go as far as to post a disclaimer stating that DeOS was nothing to do with him and wasn't even a viable version that Razormind were running.
Note to journalists considering researching this topic: This thread has many posts, I accept, but there is a LOT of incriminating evidence and cool facts to be found within its pages by the writer who is willing to put the time in and read the fucking thing!
