Topic: Lauda, MinerJones, Blazed | Missing escrow funds - page 6. (Read 26066 times)

I have nothing to do with this ICO or escrow.

Just a couple of observations and suggestions that have already been mentioned in this thread:

These escrows must have been chosen for a reason - combined reputation of many trades and escrows.

I understand at least most of the funds are in a multisig account.

Perhaps a time-frame should be set for an audit to be completed. (If one hasn't been set already)

Multiple currencies were involved and some were traded on exchanges. So it is a bit more complex than it sitting in a single account.

Perhaps a list of known values that can be easily verified can be compiled from the information already available in the thread.

Then someone senior could be appointed to audit the rest in the agreed time-frame.

A list of values with edited out details could be provided - that wouldn't involve identifying anyone.

Delays can be annoying but I cannot see these escrow agents risking their long-term reputation.

and now this on telegram "Ton" wrote:

=> Delay.

Why you talk of yourself in 3rd person? Which kind of problems you have?

Just for your info, it's one month that this charade is going on and we still havent got the amount of BTC we will be entitled to receive...

I don’t think this is about merit. I think it is more likely this is trying to create a false narrative about the situation.

Non-sense.



Single line version

You might get merits; try again and harder.

It's funny how 0 merit accounts keep popping here for paw-licking merits and acting like psychophants.

I am not sure why you say this. None of the escrow agents have even acknowledged where the bitcoin is being held (it can be reasonably inferred based on the Blockchain). There appears to be about 1,000 btc unaccounted for which is worth nearly 7 million dollars.

Wow, Viacoin MAN read this while at work

TL;DR Version
>bear market makes investors emotional and impatient
>be 1% and project agrees to refund
>proper steps take time and this sucks so people call Lauda a scam
>blame the escrow for not recklessly proceeding
>everyone pretending they wouldn't rage dump

Investors should have gotten worried when the CTO declined his stake, is he really too good of a guy to take the funds, or was it stage setting?

Who knows.

Facts are, obviously funds are safu and investors have anxiety

this "is" the minimum BTC they got when they sold the alt coins: 1016.943816 BTC

COIN   AMOUNT   DATE   EXCHANGE RATE   BTC
ETH   6477.095   11.08.17   0.089   576.461455
LTC   7807.588   03.07.17   0.016   124.921408
ETC   4126   22.Aug.18   0.0019   7.8394
DASH   1916.643   July 4, 2017   0.07   134.16501
DOGE   23577240.97   04.07.17   0.000001   23.57724097
WAVES    31145.63   05.07.17   0.0017   52.947571
XRP    1325280.39   12.08.17   0.000053   70.23986067
maid   765482   23.08.18   0.000035   26.79187

plus the BTC collected: 1590.919664
=> 2'607.86348
PLUS forks.

@ escrows: if you think this is not correct. then for god's sake show us what you have done.

Thank you.
I would like to add too that the first quoted message from the CEO "Ton" was "If you believe escrows wait for the spreadsheet from them", together with "Do you believe escrows or random people"...

In my opinion isn't something so risky to tell us exactly how many alts are left, but Lauda wouldn't do that for our "safety"... Is that a logic reason?

https://s33.postimg.cc/nfxktbqsf/photo5773958771100462491.jpg


And the message when we asked Lauda to tell "us" to which address/addresses the milestone were released...
https://i.imgur.com/A4aLCKL.jpg

The etherum alone is worth 265BTC,  at current depressed prices. There isn’t any reason to transfer the ETH to an exchange if the intent was not to immediately sell for bitcoin. However with the current value of the raised eth plus the bitcoin, the total amount exceeds 1400, it is 1434 btc.

One you add in the value of the ltc (66 btc), the total is 1500 btc and is no longer “~1400”

quoting for the pictures.

Nop... or at least not precisely

We just know there should be 1,169.37330367 BTC left on the address 36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R, the escow didn't told us but that's what we found out looking at the blockchain.

Then lauda told us that the amount of left funds should be "~1400BTC" and is an approximate value  since the value of alts is fluctuating... but no exact amount or addresses where the coins are sitting has ever been told to us investors...

Have any of the escrows publicly stated the amount of recovery that will be refunded?

Good luck with getting answers from Lauda&co, I've been for days asking clarifications about the amount of funds left in escrow... I never got an answer...

https://i.imgur.com/nyWfDGs.jpg

We have to be patient though, it's for our own "safety" that's she isn't telling us where the funds are...
https://i.imgur.com/9TVgzOm.jpg

Do you have any quotes or statements from any of the escrows (or anyone else involved in the project) that are discussing the locked exchange account? If coins were sent to an exchange and are now not accessible, this is entirely the fault of the escrow agent who sent the coins to the exchange, and he needs to cover these losses out of his personal funds.

On page one of this topic I asked how much is left of the coins.  That question has never been answered.  I invested in this project.  So, I have an interest.  I voted for a refund.

Once again.

Lauda, please tell us how much of each coin is currently available for the refund.  A simple accounting of how much was sent to the project (with a date) would be nice.  If alt coins were exchanged into BTC the dates and amounts received would also be nice information to have.  If you can't answer these questions, I have to wonder how your Escrow group (CET) can even exist.  The basic idea of third party escrow is to account for ALL funds. 

If the answer to these questions exists somewhere, please point me in the right direction via a link.

Thank you.

where the money went after the altcoins have been sold for BTC is a question that has to be answered from the escrows before the make the refund.

I'd help if I had time, and more importantly, if I thought it would actually help accomplish something. But I don't think me doing some sort of audit here would accomplish anything in this situation as it would rely on someone trusting me to accept the information and I doubt all of the astute ICO investors here care much about my opinion. And really, I'd rather not be the sole person enveloping myself in any financial matters that Lauda is involved with, or others for that matter.

Generally speaking, I always prefer escrows using methods which allow for public transparency and being able to show and track the amounts, and movements, of all invested funds.

It depends if all the altcoins went to the same exchange account, then. But that is pretty interesting...

I'm still not sure what has happened with the altcoins and the now locked/changed password exchange account. It may be that the personal owner of the account changed the details after the business was done as well...exchanges need identifying information and bank accounts attached to them.

LTC Low - 0.0177 High - 0.0216 Value - 138.194 - 168.643
DASH Low - 0.06548 High - 0.087383 Value - 125.459 - 167.48
DOGE Low - 90SAT High 103 SAT - Value - 21.219 - 24.28
WAVES
XRP Low - 0.00003496 High - 0.00005027 Value - 46.33 - 66.62
ETH Low - 0.0741 High - 0.085 Value 479.95 - 550.55
ETC - Low - 0.0034117 High 0.003994 Value - 14.04 - 16.43
Total: 895.79 - 994.00 BTC

---

---

Above is the low and high prices of the various alts within 7 days of the above stated dates the alts were transferred to an exchange.

A review of the blockchain reveals the BTC likely ended up in this address: 36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R from 3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z originally. There are small amounts of bitcoin beyond what can be traced directly from the original 1590 BTC raised, however they are nowhere near any of the amounts any of the alts would reasonably have been sold for.

So I guess the question becomes, where exactly is the money raised from the altcoins? The deposits appear to be fairly well staggered, so if there was some problem with withdrawals, the deposits would logically have stopped. Further, there appears to be a withdrawal that can account for a portion of the bitcoin cash, although some of this money is also still missing.

None of the escrows have publicly confirmed any information, and have given what is essentially non-answers to questions regarding this situation.

I believe the underlying reason for the lack of transparency is the missing funds from the sale of altcoins. I can somewhat account for the difference between the 1590 in BTC raised and the current 1169 held in 36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R as payments to the founders, as the ICO terms said they would get a certain percentage after the ICO was over, although I would want more evidence and information before saying no bitcoin has been misappropriated.