1. Whoever is the administrator of Witcoin must also provide a reliable way for any user that is registered to withdraw their witcoin's as bitcoin. (no matter what state the website is in).
2. CryptoCoinMedia (the owner of the domain, and original payee of the hosting), is doing the community service of making sure that the bitcoins are indeed still under the control of Bitcoincconsultancy (shown by a pre-stated transfer to an address that has a public signature attracted to it).
CryptoCoinMedia isn't requesting that he gains control of the bitcoins; rather Bitcoincconsultancy proves that they are still in control of these coins, and makes them available for people to withdraw.
Cam.
Edit: Spelling
There needs to be 3 things happen. A list of users, a list of how many coins they get, and a trusted third party to distribute them. Everything else is beside the point.