Topic: Suing Bitcointalk.org and Theymos for $20,000,000 for facilitating scams (Read 4149 times)
May 21, 2016, 03:02:41 AM
C'mon man you can't allow your common sense and judgment to be swayed by the lure of money and then seek 'justice' after you fall flat on your face. You gotta take responsibility for your decisions, losing money that way has got nothing to do with being new on the forum.
May 20, 2016, 11:09:50 AM
May 20, 2016, 10:32:46 AM
you should sue money because it helps people get drugs 
great job op
great job op 
May 15, 2016, 08:56:01 PM
Probably what they've come up after doxing theymos.
I don't think Theymos has ever tried to deny his identity.
Whereas BCX has tried to deny his identity many times, also tried to fool everyone with a bunch of fake identities
Also said he's a woman
lol stupid
May 14, 2016, 03:04:00 PM
Probably what they've come up after doxing theymos.
I don't think Theymos has ever tried to deny his identity.
May 14, 2016, 02:33:01 PM
You heard the term "Michael Marquardt" in 2014 already (and probably before).
Then again (and that's what you're gonna try to say), you're right, who is Michael Marquardt?
You're right I first heard the term Michael Marquardt Back in 2010
Again for the third time, Who is Michael Marquardt?
~BCX~
I don't know.
Are you Michael Marquardt?
Or 米卡儿 马咖特?
@SOMA@
May 14, 2016, 02:30:20 PM
You heard the term "Michael Marquardt" in 2014 already (and probably before).
Then again (and that's what you're gonna try to say), you're right, who is Michael Marquardt?
You're right I first heard the term Michael Marquardt Back in 2010
Again for the third time, Who is Michael Marquardt?
~BCX~
May 14, 2016, 02:17:04 PM
Who the hell is "Michael Marquardt?
~BCX~
That's not funny.
~PB~
I wasn't being funny.
Who's Michael Marquardt?
~BCX~
TOPIC: "Picture of Th*ymos aka Michael Marquardt ?"
LOL, I didn't get it till I saw your post.
~BCX~
You heard the term "Michael Marquardt" in 2014 already (and probably before).
Then again (and that's what you're gonna try to say), you're right, who is Michael Marquardt?
May 14, 2016, 10:58:48 AM
May 13, 2016, 11:46:52 PM
Every ads in the forum says "Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction."
can't blame a newbie to actually invest to scam sites.
Who the hell is "Michael Marquardt?
~BCX~
Probably what they've come up after doxing theymos.
can't blame a newbie to actually invest to scam sites.
Who the hell is "Michael Marquardt?
~BCX~
Probably what they've come up after doxing theymos.
May 13, 2016, 11:31:39 PM
Shouldn't you be suing Al Gore?
May 13, 2016, 11:30:16 PM
Plaintiff: Cryptcracker and the people
Hey I never agreed to let you represent me regarding this. I doubt that anyone else has either
May 13, 2016, 10:53:03 PM
Who the hell is "Michael Marquardt?
~BCX~
That's not funny.
~PB~
I wasn't being funny.
Who's Michael Marquardt?
~BCX~
May 13, 2016, 09:43:28 PM
I can bet my non existed 1000 Btc that this is not going to prosper,the OP is a newbie in the internet it's like he tend to believe that everything you saw or read here online are 100% true without doing his research and of course all hyip on their tos always state" Invest at your own risk"
May 13, 2016, 01:57:06 AM
Who the hell is "Michael Marquardt?
~BCX~
That's not funny.
~PB~
May 12, 2016, 10:12:28 AM
I would suggest to you to sue Satoshi Nakamoto. It's the "First Mover", an original creator of pretty much everything in this space, including the Blockchain currency itself.
Once that's done, you can move to suing the "small fish", the people who are the ones responsible for all of this (real, in your mind) evil.
Once that's done, you can move to suing the "small fish", the people who are the ones responsible for all of this (real, in your mind) evil.
May 12, 2016, 09:50:23 AM
Have you heard about the forum http://www.moneymakergroup.com/forums.html every day hundreds of scam,hyip mlm and ponzi scheme are being announce there every week and the owner of the forum has not been sued not even once,this is the internet you invest at your risk and you have the responsibility to do diligent search..
May 12, 2016, 03:33:14 AM
May 11, 2016, 09:23:31 PM
Plaintiff: Cryptcracker and the people
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
General complaint
Bitcointalk.org is an internet forum centered around bitcoin and other crypto currencies. Bitcointalk.org is one of if not the biggest and most influential bitcoin and crypto currency communication sites in the world, Michael Marquardt and his associates used this fact as an opportunity to take advantage of people. The rise in price of bitcoin resulted in many new people joining the forum that weren’t to savvy and completely new to the space, once these people joined the forum they were greeted by scams that were even endorsed by some staff members. By even hosting these scams bitcointalk.org was endorsing them and choosing to put their members in danger.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Reparation
A $20,000,000 settlement from the defendant payable to the plaintiff is required to solve wrongdoing that has been done. Bitcointalk.org may also be placed in the hands of the plaintiff as partial payment if the defendants can not pay the full $20,000,000.
LOLOL a fool gets separated from his money and looks to blame anyone but himself! hahaha
May 11, 2016, 06:54:52 PM
My dick went rotten after inserting it into a dirty grandma recruited through craigslist. Am I going to sue Craig to get it cleaned up? Nope. I'm gonna live with the smell and the maggots and be more careful next time.
May 11, 2016, 04:09:45 PM
Plaintiff: Cryptcracker and the people
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520 million. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
General complaint
Bitcointalk.org is an internet forum centered around bitcoin and other crypto currencies. Bitcointalk.org is one of if not the biggest and most influential bitcoin and crypto currency communication sites in the world, Michael Marquardt and his associates used this fact as an opportunity to take advantage of people. The rise in price of bitcoin resulted in many new people joining the forum that weren’t to savvy and completely new to the space, once these people joined the forum they were greeted by scams that were even endorsed by some staff members. By even hosting these scams bitcointalk.org was endorsing them and choosing to put their members in danger.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520 million. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Reparation
A $20,000,000 settlement from the defendant payable to the plaintiff is required to solve wrongdoing that has been done. Bitcointalk.org may also be placed in the hands of the plaintiff as partial payment if the defendants can not pay the full $20,000,000.
What is your cause of action?
314 lashes with an al dente noodle.
May 11, 2016, 03:40:44 PM
I really hope this is a joke, if so, I laughed really hard at this.
If this isnt a joke, my god
If this isnt a joke, my god
May 11, 2016, 03:37:25 PM
May 11, 2016, 03:25:35 PM
Cryptcrackpot, will you be suing the CIA as well?
I'm now genuinely worried for your safety. Is there a utility van parked across the street? This is serious shit, CIA won't take this tweet likely. They will kill you, your dog, your neighbors and anyone who's reading this.
3rd dispatch: https://twitter.com/cryptcracker1/status/727251055164141570
Sorry I haven't posted in a while I have been doing some serious research. I have decided to post this as my 3rd dispatch, now that that's settled I can direct more resources to taking down Paul and his associates once I'm finished with this.
Sorry I haven't posted in a while I have been doing some serious research. I have decided to post this as my 3rd dispatch, now that that's settled I can direct more resources to taking down Paul and his associates once I'm finished with this.
I'm now genuinely worried for your safety. Is there a utility van parked across the street? This is serious shit, CIA won't take this tweet likely. They will kill you, your dog, your neighbors and anyone who's reading this.
Quote
Many of you know me as cryptcracker, the bounty hunter that is uncovering the truth behind the Crypty "hack" and bringing the perpetrators to justice. However I have been doing this kind of work far before the cryptsy incident, I am making this dispatch today to reveal crucial information on the sudden news about Satoshi Nakamoto's identity and the plot Gavin Andresen has been involved in.
Satoshi was the greatest mind that I have seen in ages always calm and collected a real genius. Notice that I said was, that's because I'm sorry to say Satoshi Nakamoto was murdered by Gavin Andresen and his CIA associates. The CIA saw the transparency of the blockchain and they thought this would be a good way to track their "dirty subordinates". Let me explain, the CIA gives money, guns and drugs to terrorists so they can do things like stage a coup and overthrow governments this is well documented. The CIA saw the transparency of bitcoin and got the idea to start using bitcoin as one of the ways they fund these dirty subordinates.
Gavin was given the task of identifying Satoshi and flipping on him which he did. Once Satoshi was found and about to be captured I was informed 1 of 2 things happened, Satoshi committed suicide or the authorities were successful in capturing Satoshi and Satoshi was tortured and then killed. I am sorry for not being 100% certain on which one it is but it was one of the two I know this because my sources also relayed documents to me showing Satoshis dead body and classified CIA files.
Craig Wright was chosen as the CIA's front man to act like he was the real Satoshi Nakamoto. Gavin Andresen was to use his position in the community to pass this off. However these fools completely botched there plan because 1. they don't have the keys to the best of my knowledge and 2. they over estimated their manipulative tactics. The CIA got used to pulling these tactics on the general population but they didn't understand something this transparent wouldn't work against the bitcoin Community since it's much more tech savvy.
This was one of the saddest stories that I have known about for a while and I think it needs to get out there. I am currently hesitant in releasing the confidential CIA files because if Satoshi's identity is know his friends and family will be in danger along with my sources. I will attempt to secure them so they are not in danger once that is done I might be able to release the files.
Thank you for your time, another dispatch will be coming soon.
Satoshi was the greatest mind that I have seen in ages always calm and collected a real genius. Notice that I said was, that's because I'm sorry to say Satoshi Nakamoto was murdered by Gavin Andresen and his CIA associates. The CIA saw the transparency of the blockchain and they thought this would be a good way to track their "dirty subordinates". Let me explain, the CIA gives money, guns and drugs to terrorists so they can do things like stage a coup and overthrow governments this is well documented. The CIA saw the transparency of bitcoin and got the idea to start using bitcoin as one of the ways they fund these dirty subordinates.
Gavin was given the task of identifying Satoshi and flipping on him which he did. Once Satoshi was found and about to be captured I was informed 1 of 2 things happened, Satoshi committed suicide or the authorities were successful in capturing Satoshi and Satoshi was tortured and then killed. I am sorry for not being 100% certain on which one it is but it was one of the two I know this because my sources also relayed documents to me showing Satoshis dead body and classified CIA files.
Craig Wright was chosen as the CIA's front man to act like he was the real Satoshi Nakamoto. Gavin Andresen was to use his position in the community to pass this off. However these fools completely botched there plan because 1. they don't have the keys to the best of my knowledge and 2. they over estimated their manipulative tactics. The CIA got used to pulling these tactics on the general population but they didn't understand something this transparent wouldn't work against the bitcoin Community since it's much more tech savvy.
This was one of the saddest stories that I have known about for a while and I think it needs to get out there. I am currently hesitant in releasing the confidential CIA files because if Satoshi's identity is know his friends and family will be in danger along with my sources. I will attempt to secure them so they are not in danger once that is done I might be able to release the files.
Thank you for your time, another dispatch will be coming soon.
May 10, 2016, 06:33:09 PM
This ponzi scheme was endorsed by bitcointalk.org
allowing a topic on the forum doesn't mean they endorse anything just so you know
May 10, 2016, 01:29:22 PM
This ponzi scheme was endorsed by bitcointalk.org
allowing a topic on the forum doesn't mean they endorse anything just so you knowGuys, you can't expect people on the internet to take the responsibility for their actions themselves (or can you?).
May 10, 2016, 01:21:25 PM
This ponzi scheme was endorsed by bitcointalk.org
allowing a topic on the forum doesn't mean they endorse anything just so you knowEven more so its "not not allowing". Theymos does not click approve on any topic and is probably unaware of 95% of threads.
May 10, 2016, 12:46:08 PM
This ponzi scheme was endorsed by bitcointalk.org
allowing a topic on the forum doesn't mean they endorse anything just so you know 
May 10, 2016, 12:31:31 PM
May 10, 2016, 09:59:58 AM
Theymos has first only cleared that the forum doesn't hold any responsibility for any scams that take place on this forum. It's user's responsibility to know whom they should trade with and if they are careless, you can't really blame anyone then. The ads too have a disclaimer if you've read it. "Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here."
May 10, 2016, 09:13:59 AM
No, I don't think so. He'd probably sue the Nigerian prince.
Exactly. That's why this is just nonsense. Seems like OP needs to hire a internet babysiter.method not clear, boiled my cat and broke 3 fingers
Nice 'trollish' post. Don't forget to sue OP for faciliating harmful actions. 
May 10, 2016, 08:34:59 AM
OPs grandma be like :
May 10, 2016, 07:10:50 AM
Not sure if this is the right section for posting jokes, also you've missed April 1st by some days,
but hey, I had to smile, so I'm gonna say Good job, OP.
but hey, I had to smile, so I'm gonna say Good job, OP.
May 10, 2016, 07:05:12 AM
Do you sue hotmail for this? The only one that needs to be blamed is your own brain. 
No, I don't think so. He'd probably sue the Nigerian prince. May 10, 2016, 03:02:53 AM
Since everyone is replying with meme's.I'd like my dank meme to be a part of them.
May 10, 2016, 02:50:59 AM
Plaintiff: Cryptcracker and the people
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
I can't even being to describe how ridiculous this is. Example: You have a hotmail account. You receive an email from the Nigerian prince asking for your personal information for money transfer. You give him that information. Things go "nicely" afterwards. Do you sue hotmail for this? The only one that needs to be blamed is your own brain.
May 09, 2016, 10:31:10 PM
May 09, 2016, 09:30:50 PM
Here I am wondering how are you even gonna pay your legal fees if any lawyer actually takes up your offer
Some lawyers will take a percentage once case is settled so you pay nothing upfront
That is very not likely for this type of matter or its circumstances.
It will be very hard to find a good law firm that would take this up on contingency.
Also, there isn't really any money in this anyway, so this is just fappin in wind.
Edit: fixed redundant word and underlined "very".
I would agree it's highly unlikely a lawyer will take this case based on a percentage. Ones they do on percentage in most cases are sure bet's that they know they will see a check after possibly months if not years of work.
Lawyers like getting paid though so most likely they would advise OP it's highly un-likely he get's anything. But if he is willing to pay them to fight a battle they know is a loss some lawyers would take it on.
But your mentioned.... about doing something in the wind... is pretty much right on this. You will notice it does not have a law-firm's name attached to above that tells a lot.
May 09, 2016, 08:44:08 PM
Who the hell is "Michael Marquardt?
~BCX~
May 09, 2016, 07:02:16 PM
You need to pass us some of that shit you're smoking OP
May 09, 2016, 06:42:01 PM
Really? this guy on Kijiji said that he was selling gold bars half price and somehow they were fake... So I'm suing Kijiji for $20M naturally.
No, I didn't lose $300M. I actually didn't even buy the fake gold bars. But it's the principal!
I say good luck to you OP! You'll need it! That and one he'll of a shady lawyer.
No, I didn't lose $300M. I actually didn't even buy the fake gold bars. But it's the principal!
I say good luck to you OP! You'll need it! That and one he'll of a shady lawyer.
May 09, 2016, 06:25:41 PM
Here I am wondering how are you even gonna pay your legal fees if any lawyer actually takes up your offer
Some lawyers will take a percentage once case is settled so you pay nothing upfront
That is very not likely for this type of matter or its circumstances.
It will be very hard to find a good law firm that would take this up on contingency.
Also, there isn't really any money in this anyway, so this is just fappin in wind.
Edit: fixed redundant word and underlined "very".
May 09, 2016, 06:11:33 PM
OP is a whiner. so you lost that amount of money? It's the internet and if you aren't careful you're going to get scammed. There are escrows in place for a reason, and you can't blame the administration of this site for your losses.
May 09, 2016, 05:48:01 PM
Those that go looking for angles in life at the cost of other peoples honest creations tend to get whats coming to them.
Meaning stop pretending you care about a community when you are looking to bankrupt its owner under the guise of some pretty weak argument. Man up and stop looking for the easy route!
Meaning stop pretending you care about a community when you are looking to bankrupt its owner under the guise of some pretty weak argument. Man up and stop looking for the easy route!
May 09, 2016, 05:43:31 PM
Here I am wondering how are you even gonna pay your legal fees if any lawyer actually takes up your offer
Some lawyers will take a percentage once case is settled so you pay nothing upfront
May 09, 2016, 05:31:56 PM
Here I am wondering how are you even gonna pay your legal fees if any lawyer actually takes up your offer
May 09, 2016, 05:15:37 PM
Plaintiff: Cryptcracker and the people
Hey I never agreed to let you represent me regarding this. I doubt that anyone else has either 
May 09, 2016, 05:14:57 PM
May 09, 2016, 05:10:46 PM
This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520 million. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
I sure hope this isn't your official statement of claim. You should probably proofread it before anything else.Dumb mistake, thanks for the heads up.
May 09, 2016, 05:05:50 PM
This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520 million. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
I sure hope this isn't your official statement of claim. You should probably proofread it before anything else. May 09, 2016, 05:02:10 PM
Plaintiff: Cryptcracker and the people
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520 million. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
General complaint
Bitcointalk.org is an internet forum centered around bitcoin and other crypto currencies. Bitcointalk.org is one of if not the biggest and most influential bitcoin and crypto currency communication sites in the world, Michael Marquardt and his associates used this fact as an opportunity to take advantage of people. The rise in price of bitcoin resulted in many new people joining the forum that weren’t to savvy and completely new to the space, once these people joined the forum they were greeted by scams that were even endorsed by some staff members. By even hosting these scams bitcointalk.org was endorsing them and choosing to put their members in danger.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520 million. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Reparation
A $20,000,000 settlement from the defendant payable to the plaintiff is required to solve wrongdoing that has been done. Bitcointalk.org may also be placed in the hands of the plaintiff as partial payment if the defendants can not pay the full $20,000,000.
What is your cause of action?
May 09, 2016, 04:51:17 PM
Plaintiff: Cryptcracker and the people
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Defendant: Bitcointalk.org, Michael Marquardt (Theymos) & staff
Complaint: Michael Marquardt has manufactured and endorsed an unsafe environment on bitcointalk.org that has resulted in many people losing millions of dollars in total as a direct result of Michael Marquardt and other staff actions.
General complaint
Bitcointalk.org is an internet forum centered around bitcoin and other crypto currencies. Bitcointalk.org is one of if not the biggest and most influential bitcoin and crypto currency communication sites in the world, Michael Marquardt and his associates used this fact as an opportunity to take advantage of people. The rise in price of bitcoin resulted in many new people joining the forum that weren’t to savvy and completely new to the space, once these people joined the forum they were greeted by scams that were even endorsed by some staff members. By even hosting these scams bitcointalk.org was endorsing them and choosing to put their members in danger.
Trendon Shavers (pirateat40) ponzi
One of the biggest scams hosted on bitcointalk.org was that of Trendon Shaver’s (which went by the name pirateat40 on bitcointalk.org) ponzi scheme. This ponzi scheme was endorsed by bitcointalk.org and resulted in Trendon Shavers controlling over 764,000 bitcoin, at the time worth $4.6 million, at today’s prices those coins are worth $353,869,520. Many other highly damaging scams were hosted on bitcointalk.org and if Michael Marquardt stays in control of bitcointalk.org another catastrophic scam will likely be hosted and endorsed by bitcointalk.org.
Reparation
A $20,000,000 settlement from the defendant payable to the plaintiff is required to solve wrongdoing that has been done. Bitcointalk.org may also be placed in the hands of the plaintiff as partial payment if the defendants can not pay the full $20,000,000.
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