Personal contribution of 5,000 BTC to affected Bitcoinica customers - page 2.

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: John (John K.) on July 15, 2012, 10:42:10 AM

Quote from: S3052 on July 15, 2012, 09:55:16 AM

is the claim page still open?
I am still missing about 5000 USD from bitcoinica and would like to join the paybacks

The 5000 BTC has gone out, see the past posts.

Thanks for updating me.

I have to admit that I find it a bit unfair that this is closed already. I was travelling the past days and did not read this thread. I just found it today and now the funds are gone...

disclaimer201

legendary

Activity: 1526

Merit: 1001

Received 6.2995 BTC from remaining 50.5! If I get my money back from Bitcoinica I will be happy to return the donation to Zhou.

WTF took Bitcoinica LTD so long? They only lost more in the meantime. It's a pity. At this speed, Zhou might have been able to reopen the shop and make more money instead of this clusterfuck. Epic Fail Bitcoinica LTD. Again, thank you Zhou. Better than nothing.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: S3052 on July 15, 2012, 09:55:16 AM

is the claim page still open?
I am still missing about 5000 USD from bitcoinica and would like to join the paybacks

The 5000 BTC has gone out, see the past posts.

S3052

legendary

Activity: 2100

Merit: 1000

is the claim page still open?
I am still missing about 5000 USD from bitcoinica and would like to join the paybacks

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: ?? on ??

Quote from: mystery2048 on July 13, 2012, 09:30:09 AM

Noble gesture and I am very much impressed. I am so impressed infact that I will match your contribution with one of my own... I will contribute 5.000 BTC of my own personal investment to also help out those affected by the incident. I hope together, we can all get through this, thanks and good luck for the future!

Did this guy end up donating his 5000 for the payout as well?

He was taking out loans for 10 BTC on IRC couple weeks ago. That plus a couple of his posts here, OTC ratings, I would say nope.

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Received! Thank you very much Zhoutong!

wirmola

member

Activity: 111

Merit: 10

Thanks Zhou... 8 minutes of hard work compared to 2+months...

u r the man..!

ydenys

member

Activity: 96

Merit: 10

Thank you, Zhou. Received part of my funds - every little helps. Far better than ‘allocating’ from Consultancy. Will let them know the amount just in case someone decent will take over this compensation kerfuffle. Wish it was you, as I’m sure many others do, but cannot honestly recommend it

You had done more than enough to confirm your upstanding reputation as it is, and I’m sure will enjoy a well deserved support in your future endeavours. Just keep us informed of them please.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: ninjarobot on July 15, 2012, 05:24:37 AM

Quote from: repentance on July 15, 2012, 05:11:43 AM

Not only that - the change in management was announced publicly on 24 April. People did have the option of withdrawing their money when that change was announced. Zhou certainly can't be blamed for people not doing that - he's not responsible for users choosing to put their faith in the
Intersango guys.

That is true, but there were certainly a lot of loose ends that might have caused people to believe he was still CEO. For example I've received emails from the Bitcoinica Support autoresponder after April 24 that still stated Zhou as the CEO:

Quote

Bitcoinica [email protected]
Apr 26

Hello [X]!

This is an automated response from Bitcoinica. Thank you very much for your inquiry.
We try and respond to our support requests within a few hours.

Based on your support request, we think you should check out the following articles in our FAQ:

- "What's Bitcoinica?" at http://help.bitcoinica.com/kb/faq/whats-bitcoinica

We'll send an email to you (at [X]@gmail.com) when we update your support request.
Alternatively, you can keep track of this conversation at http://help.bitcoinica.com/discussions/suggestions/136-footer-logo-on-bitcoinicacom-is-broken

Thanks again!

Zhou Tong
CEO & Lead Developer

Also I believe his sig on bitcointalk.org listed him as CEO until sometime after this date. (I could be wrong here)

He says in his resignation thread that he was CEO and lead developer from 4 September 2011 to 21 April 2012 and that his position after that was unknown (that's not as implausible as it might sound - it doesn't sound like the general partners were in any hurry to deal with mundane issues like defining roles within the new structure).

Apart from the thread in which it was announced that the Intersango guys would be running Bitcoinica, I seem to recall that Zhou also started a separate thread in which he explicitly said he was getting out of Bitcoin projects for the time being and would be developing other ideas. I don't recall either of those threads getting much traction until after the May intrusion.

If it weren't for the recent losses, many people would have hailed the change in Bitcoinica management as the best thing since sliced bread - remember that many people doubted Zhou's ability to run the business as it expanded. Those people would probably have been ecstatic to learn that behind the scenes deals had resulted in the Intersango guys were taking over Bitcoinica operations...had the two most recent intrusions not happened.

DarkEmi

full member

Activity: 223

Merit: 100

Wow zhoutong. Thanks. That was fast.

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Coins received, thank you Zhou, you are the man.

If they would allow you to resolve this situation from the start, it would be long over by now, and latest hack would not happen.

Thanks again.

Otoh

donator

Activity: 3108

Merit: 1166

Quote from: zhoutong on July 15, 2012, 04:57:41 AM

Quote from: Otoh on July 15, 2012, 04:35:43 AM

0.0624 BTC to 1G5apmPvo2iTtmkNWAHTCET7Y842Ufijs8 received, almost $0.50 - I wonder why you bothered as Bitcoinica stole 1,000 BTC from me when illegally changing the TOS under which I'd deposited & opened positions when you introduced the swaps, I said at the time that I was amazed to have even be able to get any of my money back out from what was obviously a crooked operation.

I prefer to trust people more than most & pay a tax for that trust that I accept is it's price, but I also get to often see the karma that ppl who have ripped me off bring upon themselves, Bitcoinica is a classic example, but it also works personally on those who are responsible - who made the decisions & implemented them, it never goes away - it just gets worse until a just restitution is made.

So every time that you look at or think about the 1,000 BTC Casasius coin that you bought, just remember that there is someone who lost that exact same amount of money through your deliberate dishonest & greedy actions, that is now your reputation at the start of your career which will follow you always.

Otoh

I didn't write the TOS. I was instructed to do so. I didn't get a cent of your swap money.

I understand your desperation, but this is not the place to ask for help. You legally deserve the money Bitcoinica owes you. But I definitely didn't do anything dishonest or greedy.

I deposited money with you & opened positions with Bitcoinica when you were the sole owner & CEO, I trusted you personally, you subsequently sold the business in secret while for months after untruthfully still claiming to be the founder & CEO of Bitcoinica - I still trusted your word, now you claim that you were merely following orders when you introduced the swaps which trapped me in a position that was being bleed dry because of this - I had no choice but to close out my now untenable positions for a loss of 1,000 BTC & I hold both you & the secret owners behind the scenes both morally & legally responsible for my loss.

I am neither desperate nor asking for help, I am just pointing out that every action has a consequence.

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: repentance on July 15, 2012, 05:11:43 AM

Not only that - the change in management was announced publicly on 24 April. People did have the option of withdrawing their money when that change was announced. Zhou certainly can't be blamed for people not doing that - he's not responsible for users choosing to put their faith in the
Intersango guys.

That is true, but there were certainly a lot of loose ends that might have caused people to believe he was still CEO. For example I've received emails from the Bitcoinica Support autoresponder after April 24 that still stated Zhou as the CEO:

Quote

Bitcoinica [email protected]
Apr 26

Hello [X]!

This is an automated response from Bitcoinica. Thank you very much for your inquiry.
We try and respond to our support requests within a few hours.

Based on your support request, we think you should check out the following articles in our FAQ:

- "What's Bitcoinica?" at http://help.bitcoinica.com/kb/faq/whats-bitcoinica

We'll send an email to you (at [X]@gmail.com) when we update your support request.
Alternatively, you can keep track of this conversation at http://help.bitcoinica.com/discussions/suggestions/136-footer-logo-on-bitcoinicacom-is-broken

Thanks again!

Zhou Tong
CEO & Lead Developer

Also I believe his sig on bitcointalk.org listed him as CEO until sometime after this date. (I could be wrong here)

hatshepsut

member

Activity: 63

Merit: 10

zhoutong,

Thank you for your personal contribution. Payment received.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: ?? on ??

He sold this in October. Honestly what he should have done was just walked away then. But he was being paid $8,000 a month to keep the site up. I'm pretty sure I would have done what he did.

Tihan and team seem to be the one who changed things and then sent it over to Intersango. After Zhou sold he took orders as an employee and did not give them.

A whole lot got fucked up but I don't know how much of this can be blamed on Zhou. I'm sure we will learn in court soon enough...

Not only that - the change in management was announced publicly on 24 April. People did have the option of withdrawing their money when that change was announced. Zhou certainly can't be blamed for people not doing that - he's not responsible for users choosing to put their faith in the
Intersango guys.

It's highly possible that the final of the sale of the domain and the IP was not completed until January (when Zhou says he ceased to have any financial interest in Bitcoinica). It's not unusual for business sales to include a period where the vendor works with the new owners to ensure a smooth transition and for the deal not to be final until that transition is completed. Tihan's an experienced venture capitalist. I have no doubt that his group's investment was contingent on certain conditions.

chunglam

donator

Activity: 229

Merit: 106

Payment received, thank you ZhouTong.

zhoutong

vip

Activity: 490

Merit: 502

Quote from: Otoh on July 15, 2012, 04:35:43 AM

0.0624 BTC to 1G5apmPvo2iTtmkNWAHTCET7Y842Ufijs8 received, almost $0.50 - I wonder why you bothered as Bitcoinica stole 1,000 BTC from me when illegally changing the TOS under which I'd deposited & opened positions when you introduced the swaps, I said at the time that I was amazed to have even be able to get any of my money back out from what was obviously a crooked operation.

I prefer to trust people more than most & pay a tax for that trust that I accept is it's price, but I also get to often see the karma that ppl who have ripped me off bring upon themselves, Bitcoinica is a classic example, but it also works personally on those who are responsible - who made the decisions & implemented them, it never goes away - it just gets worse until a just restitution is made.

So every time that you look at or think about the 1,000 BTC Casasius coin that you bought, just remember that there is someone who lost that exact same amount of money through your deliberate dishonest & greedy actions, that is now your reputation at the start of your career which will follow you always.

Otoh

I didn't write the TOS. I was instructed to do so. I didn't get a cent of your swap money.

I understand your desperation, but this is not the place to ask for help. You legally deserve the money Bitcoinica owes you. But I definitely didn't do anything dishonest or greedy.

Otoh

donator

Activity: 3108

Merit: 1166

0.0624 BTC to 1G5apmPvo2iTtmkNWAHTCET7Y842Ufijs8 received, almost $0.50 - I wonder why you bothered as Bitcoinica stole 1,000 BTC from me when illegally changing the TOS under which I'd deposited & opened positions when you introduced the swaps, I said at the time that I was amazed to have even be able to get any of my money back out from what was obviously a crooked operation.

I prefer to trust people more than most & pay a tax for that trust that I accept is it's price, but I also get to often see the karma that ppl who have ripped me off bring upon themselves, Bitcoinica is a classic example, but it also works personally on those who are responsible - who made the decisions & implemented them, it never goes away - it just gets worse until a just restitution is made.

So every time that you look at or think about the 1,000 BTC Casasius coin that you bought, just remember that there is someone who lost that exact same amount of money through your deliberate dishonest & greedy actions, that is now your reputation at the start of your career which will follow you always.

Otoh

Edit: The 0.0624 BTC now sent to a Bitcoin black hole, the genesis block address: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
https://blockchain.info/tx-index/12232710/422fe9cac2e042f217a307d9ed78223b19760deceafef81dc7495f2ac326d440

pof

full member

Activity: 204

Merit: 100

Thank you! I'll return the money if i will ever get the reimbourse from bitcoinica!
Thanks again! Cheesy

Draino

full member

Activity: 168

Merit: 100

6.5188 BTC recieved, thanks for this.

Even though it's only a portion of my deposit, it still feels comforting that someone is trying to make things right (with actual actions!). A refreshing change to the vulnerability/despair I've been feeling from how the other guys have been handling this.

Topic: Personal contribution of 5,000 BTC to affected Bitcoinica customers - page 2. (Read 12881 times)