Statement about the suspect of recent Bitcoinica hack - page 27.

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: Coinoisseur on July 30, 2012, 02:53:17 PM

Given the thread, I think this is a good read:

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10823341

Thank you for that link. I filed a complaint on Bitcoinica LP's business practices @ FSPR Compliance <[email protected]>.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: Vod on July 30, 2012, 03:27:39 PM

Quote from: repentance on July 30, 2012, 03:26:07 PM

It's unlikely that there's going to be an issue regarding him receiving or holding the funds in trust. Where an issue potentially arises is the transferring of the funds to someone else and I'm sure that Patrick's going to do everything possible to protect himself from any potential liability in that respect.

As an interesting side note, if a NZ entity becomes insolvent and a creditor helps secure assets or uncover hidden ones, the creditor's costs associated with securing those assets become a preferential debt.

Patrick is probably getting paid for "helping" us, and each time he comes to the forum to answer questions, he bills for his time. He'll take his fees out of the balance the users get.

It's a trivial matter to ask those who've retained him in this matter whether they intend to absorb the cost of his fees relating to this issue.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: Vod on July 30, 2012, 03:27:39 PM

Quote from: repentance on July 30, 2012, 03:26:07 PM

It's unlikely that there's going to be an issue regarding him receiving or holding the funds in trust. Where an issue potentially arises is the transferring of the funds to someone else and I'm sure that Patrick's going to do everything possible to protect himself from any potential liability in that respect.

As an interesting side note, if a NZ entity becomes insolvent and a creditor helps secure assets or uncover hidden ones, the creditor's costs associated with securing those assets become a preferential debt.

Patrick is probably getting paid for "helping" us, and each time he comes to the forum to answer questions, he bills for his time. He'll take his fees out of the balance the users get.

Can a lawyer do that when located in a state where he doesn't practice law?

~Bruno~

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: repentance on July 30, 2012, 03:26:07 PM

It's unlikely that there's going to be an issue regarding him receiving or holding the funds in trust. Where an issue potentially arises is the transferring of the funds to someone else and I'm sure that Patrick's going to do everything possible to protect himself from any potential liability in that respect.

As an interesting side note, if a NZ entity becomes insolvent and a creditor helps secure assets or uncover hidden ones, the creditor's costs associated with securing those assets become a preferential debt.

Patrick is probably getting paid for "helping" us, and each time he comes to the forum to answer questions, he bills for his time. He'll take his fees out of the balance the users get.

repentance

hero member

Activity: 868

Merit: 1000

Quote from: BitBuster on July 30, 2012, 10:48:38 AM

Sorry, I still don't get under what authority is Patrick Murck allowed to receive, possess and transfer stolen goods? There must be some sort of judicial process which results in the granting of a warrant to do so? Please Patrick Murck, lets have all the facts and proof.

It's unlikely that there's going to be an issue regarding him receiving or holding the funds in trust. Where an issue potentially arises is the transferring of the funds to someone else and I'm sure that Patrick's going to do everything possible to protect himself from any potential liability in that respect.

As an interesting side note, if a NZ entity becomes insolvent and a creditor helps secure assets or uncover hidden ones, the creditor's costs associated with securing those assets become a preferential debt.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Does Patrick A Murck have a twin brother named William who also practices law at the same DC address? That would be so nifty is he does.

~Bruno~

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: aq on July 30, 2012, 02:52:46 PM

Apparently there are quite a few guys, like mlawrence, out there, that would love to see the pay back fail. One should really start to wonder why that is...

That's nonsense, but wonder away if you wish!

Coinoisseur

sr. member

Activity: 336

Merit: 250

Given the thread, I think this is a good read:

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10823341

aq

full member

Activity: 238

Merit: 100

Quote from: rjk on July 30, 2012, 02:15:13 PM

Quote from: Vod on July 30, 2012, 02:10:48 PM

Quote from: aq on July 30, 2012, 12:51:02 PM

Well, I think you confuse something here. The consultancy kept our funds for a few months, doing basically nothing. Then ZT stepped up and refunded some 5kBTC. Now within days he made more funds available. In my point of view, ZT is the only one that does actually pay back something. If some BitBuster was repaid from this consultancy - fine, however, for all of us still waiting, ZT seems the only one that does not hide behind some delay tactics. Hell, I think, ZT should, if he can, hack the current account of this lame consultancy, so that the funds can be repaid.

I think it is you who are confused. Ryan Zhou was the one that "hacked" into the site in the first place, stole the coins and destroyed the database. It is because the database was destroyed that they are having a hard time paying people back. ZT can't be praised for anything, because he alone willfully caused this mess.

Quote from: dree12 on July 30, 2012, 02:14:12 PM

But there is zero evidence, and quite a bit of evidence in the contrary, that Zhou was involved in the Rackspace hack. What makes you believe that?

Apparently there are quite a few guys, like mlawrence, out there, that would love to see the pay back fail. One should really start to wonder why that is...

check_status

full member

Activity: 196

Merit: 100

Web Dev, Db Admin, Computer Technician

From the comic book series:
周侗传奇 – "The Legend of Zhou Tong"

An unreleased/unknown volume was recently discovered:
Volume 11 剿杀盜周侗 - "Killing the Thief of Circular Stupidity"

defxor

hero member

Activity: 530

Merit: 500

Quote from: notme on July 30, 2012, 02:20:02 PM

Rackspace? I thought it was Linode?

~

Linode, March, 40K BTC
Rackspace, May, 18K BTC + loss of database
MtGox, July, 40K BTC + $40K

I'm sure the list is not complete.

naima53

hero member

Activity: 616

Merit: 502

Quote from: Gyrsur on July 30, 2012, 01:13:34 PM

Quote from: naima53 on July 30, 2012, 12:53:18 PM

Perhaps it is not proper thread, but since all are active here .... I have an idea. How to do that would not have to pay the scammers? (fake claim) To reduce the unreasonable claim funds.

Just ask them to rewrite all those who have already filled in the form of claims. (Fill out the form again.) I know it sounds silly, but believe me, it will have a very strong effect. Up to 70% of fake claims will be rejected as demanding "initial data inconsistency"

it's broken...

https://claims.bitcoinica.com/

That's it! That is why I am writing on it!

notme

legendary

Activity: 1904

Merit: 1002

Quote from: dree12 on July 30, 2012, 02:14:12 PM

Quote from: Vod on July 30, 2012, 02:10:48 PM

Quote from: aq on July 30, 2012, 12:51:02 PM

Well, I think you confuse something here. The consultancy kept our funds for a few months, doing basically nothing. Then ZT stepped up and refunded some 5kBTC. Now within days he made more funds available. In my point of view, ZT is the only one that does actually pay back something. If some BitBuster was repaid from this consultancy - fine, however, for all of us still waiting, ZT seems the only one that does not hide behind some delay tactics. Hell, I think, ZT should, if he can, hack the current account of this lame consultancy, so that the funds can be repaid.

I think it is you who are confused. Ryan Zhou was the one that "hacked" into the site in the first place, stole the coins and destroyed the database. It is because the database was destroyed that they are having a hard time paying people back. ZT can't be praised for anything, because he alone willfully caused this mess.

There is some evidence that Zhou stole the Mt. Gox funds. I will not deny that.

But there is zero evidence, and quite a bit of evidence in the contrary, that Zhou was involved in the Rackspace hack. What makes you believe that?

Rackspace? I thought it was Linode?

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: Vod on July 30, 2012, 02:10:48 PM

Quote from: aq on July 30, 2012, 12:51:02 PM

Well, I think you confuse something here. The consultancy kept our funds for a few months, doing basically nothing. Then ZT stepped up and refunded some 5kBTC. Now within days he made more funds available. In my point of view, ZT is the only one that does actually pay back something. If some BitBuster was repaid from this consultancy - fine, however, for all of us still waiting, ZT seems the only one that does not hide behind some delay tactics. Hell, I think, ZT should, if he can, hack the current account of this lame consultancy, so that the funds can be repaid.

I think it is you who are confused. Ryan Zhou was the one that "hacked" into the site in the first place, stole the coins and destroyed the database. It is because the database was destroyed that they are having a hard time paying people back. ZT can't be praised for anything, because he alone willfully caused this mess.

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: Vod on July 30, 2012, 02:10:48 PM

Quote from: aq on July 30, 2012, 12:51:02 PM

Well, I think you confuse something here. The consultancy kept our funds for a few months, doing basically nothing. Then ZT stepped up and refunded some 5kBTC. Now within days he made more funds available. In my point of view, ZT is the only one that does actually pay back something. If some BitBuster was repaid from this consultancy - fine, however, for all of us still waiting, ZT seems the only one that does not hide behind some delay tactics. Hell, I think, ZT should, if he can, hack the current account of this lame consultancy, so that the funds can be repaid.

I think it is you who are confused. Ryan Zhou was the one that "hacked" into the site in the first place, stole the coins and destroyed the database. It is because the database was destroyed that they are having a hard time paying people back. ZT can't be praised for anything, because he alone willfully caused this mess.

There is some evidence that Zhou stole the Mt. Gox funds. I will not deny that.

But there is zero evidence, and quite a bit of evidence in the contrary, that Zhou was involved in the Rackspace hack. What makes you believe that?

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: aq on July 30, 2012, 12:51:02 PM

Well, I think you confuse something here. The consultancy kept our funds for a few months, doing basically nothing. Then ZT stepped up and refunded some 5kBTC. Now within days he made more funds available. In my point of view, ZT is the only one that does actually pay back something. If some BitBuster was repaid from this consultancy - fine, however, for all of us still waiting, ZT seems the only one that does not hide behind some delay tactics. Hell, I think, ZT should, if he can, hack the current account of this lame consultancy, so that the funds can be repaid.

I think it is you who are confused. Ryan Zhou was the one that "hacked" into the site in the first place, stole the coins and destroyed the database. It is because the database was destroyed that they are having a hard time paying people back. ZT can't be praised for anything, because he alone willfully caused this mess.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: naima53 on July 30, 2012, 12:53:18 PM

Perhaps it is not proper thread, but since all are active here .... I have an idea. How to do that would not have to pay the scammers? (fake claim) To reduce the unreasonable claim funds.

Just ask them to rewrite all those who have already filled in the form of claims. (Fill out the form again.) I know it sounds silly, but believe me, it will have a very strong effect. Up to 70% of fake claims will be rejected as demanding "initial data inconsistency"

it's broken...

https://claims.bitcoinica.com/

naima53

hero member

Activity: 616

Merit: 502

Perhaps it is not proper thread, but since all are active here .... I have an idea. How to do that would not have to pay the scammers? (fake claim) To reduce the unreasonable claim funds.

Just ask them to rewrite all those who have already filled in the form of claims. (Fill out the form again.) I know it sounds silly, but believe me, it will have a very strong effect. Up to 70% of fake claims will be rejected as demanding "initial data inconsistency"

aq

full member

Activity: 238

Merit: 100

Quote from: BitBuster on July 30, 2012, 11:40:41 AM

Is this yet another delaying tactic by Zhou or a means of keeping the dogs at bay ("dont kill me now, I can get the rest of the money")?

Well, I think you confuse something here. The consultancy kept our funds for a few months, doing basically nothing. Then ZT stepped up and refunded some 5kBTC. Now within days he made more funds available. In my point of view, ZT is the only one that does actually pay back something. If some BitBuster was repaid from this consultancy - fine, however, for all of us still waiting, ZT seems the only one that does not hide behind some delay tactics. Hell, I think, ZT should, if he can, hack the current account of this lame consultancy, so that the funds can be repaid.

vampire

hero member

Activity: 574

Merit: 500

Quote from: dree12 on July 30, 2012, 12:28:20 PM

It's clear aurumxchange likely isn't. If an investigation is actually because of money laundering, it should never have been posted publicly.

And you know that for a fact? Did you even read Dominican AML law?

Topic: Statement about the suspect of recent Bitcoinica hack - page 27. (Read 136190 times)