UNITED AMHASH VICTIMS PUBLIC ANNOUNCEMENT:
We, the investors and fraud victims of AMHash, do not accept AMHash Liquidation Contract as a full and final settlement of AMHash liabilities. We also do not transfer our rights to pursue the claim to any third party. We reserve our rights to instigate any proceedings necessary at any jurisdiction to recover our losses against AMHash, Asicminer, Rockminer, Havelock, any of the directors and non disclosed parties.
Most investors converted their Amhash1 shares to the AMHash Liquidation contract, and got their last dividends paid today (April 28, 2015).
We are happy that the investors got some of their investments back.
But won't be satisfied and fall for such bribing attempt of AsicMiner (Bitquan).
We have contacted Bitquan at the end of March, 2015, via their email addresses to inform them about our legal pursuit and
gave them a last opportunity to come out with a more acceptable solution, and we got no reply from them ever since.
For us it is time to resume our legal pursuit now.
We will patiently do our best to bring Bitquan to justice and get the rest of your losses paid back in full.
We'll announce about concrete improvements on the case here, or start a new tread if this tread gets locked.
If you're interested in getting your money back please save all the information that might "proof" your relation with Amhash, AmhashLC etc. in case the legal struggle succeeds.
Please message me if you can provide any helpful information about FriedCat, Fan Dawei (David Fan), Bitquan.
Topic: THE AMHASH INCIDENT IN CHRONOLOGICAL ORDER, IN SUMMARY... (Read 9103 times)
Am I the only one who keeps reading the title as the "AMISH INCIDENT IN CHRONOLOGICAL ORDER" and thinking "WTH are the Amish doing with bitcoin miners?"
Interesting. Watching this thread.!
Is there anyone not taking that AmhashLC for some reason? Seems too risky not to take I guess...
[UNITED AMHASH VICTIMS - PUBLIC ANNOUNCEMENT]
Amhash investors are having a hard time the last months due to the so called "unforeseen events".
Lets get over and recall the claimed events:
December 25, 2014 : AsicMiner lost control of 3.5 PH of the total 5 PH Amhash mining facility
January 26, 2015 : Last activity date of FriedCat on the Bitcointalk forum. The disappearance of FriedCat should have happened after this date.
February 08, 2015 : After 45 days from the facility loss, and 13 days after FriedCats last post on Bitcointalk.
Amhash announces the delay of payments using the spring festival as excuse to gain more time to keep these two incidents secret from the investors.
February 18, 2015 : Suspicious Havelock outage for 14 days until March 4, 2015 which created a big panic.
March 02, 2015 : Aftar 67 days from the facility loss and 35 days after FriedCats last post on Bitcointalk.
Amhash finally admits that the 3.5 PH of the mining facility has been lost and the disappearance of FriedCat has surfaced.
The next day Rock Xie mentions that the solution depends on FriedCat's return in his blog.
There's no proof whether the claimed events actually happened, the communication was and still is at unacceptable unprofessional levels, no detailed, convincing and timely information has been disclosed so far.
Worse than that, responsible parties, acted lightly, have not been honest, and detained the investors by hiding information and fabricating excuses for over two months.
It's hard to know whether or how true these stories are, as the related parties has proven their capability to act in shady ways.
If we assume the provided claims to be true:
AsicMiner is mainly responsible for the incident, and the compensation of the loss of the damaged parties. Because of putting almost all the control of the business and the funds in the hands of a single person called FriedCat, and losing control of the mining facility, by jeopardizing the investment, without having any insurance, or security measures for the protection of the investment.
It's AsicMiners problem to pursue and sue FriedCat and other responsible parties, or not.
THE SETTLEMENT OFFER
At March 25, 2015 AsicMiner has made a settlement offer through Havelock:
This settlement is clearly AsicMiners attempt to exploit the despair of hopeless investors, to get rid of all legal and financial responsibilities, by bribing a small portion of what has been taken and claimed to be lost, and asking them to waive all their current and future rights on Amhash shares swapped for AmhashLC.
Amhash investors, has neither a fault, nor any authority and responsibility for the so called "unforeseen events". Amhash investors can't be held responsible for these events mentioned herein above. Yet the investors are expected to pay for the mistakes of AsicMiner and their lightly handling of their business.
AsicMiner is responsible of the loss of investor capital (Last market price: 0.00091498 BTC/Amhash Share) and all unpaid past and future mining dividends. Even the sum of the unpaid dividends (Since February 10th, 2015) has passed the proposed 0.0003 BTC/Share settlement offer. This incident has also caused additional financial, psychological and social problems for some of the investors which depended on the dividend payments.
We have been detained for over three months now and it is clear that AsicMiner has minimal or no will for a fair settlement. We trust in the Chinese authorities that they will deliver justice and reveal the true story about what really happened. Therefore we have decided to initiate the litigate process, and the informing process of the Chinese authorities from all available channels, about the potential fraud and illegal fund raising activities of AsicMiner for the Amhash mining project and the AsicMiner shares.
Amhash investors are having a hard time the last months due to the so called "unforeseen events".
Lets get over and recall the claimed events:
December 25, 2014 : AsicMiner lost control of 3.5 PH of the total 5 PH Amhash mining facility
January 26, 2015 : Last activity date of FriedCat on the Bitcointalk forum. The disappearance of FriedCat should have happened after this date.
February 08, 2015 : After 45 days from the facility loss, and 13 days after FriedCats last post on Bitcointalk.
Amhash announces the delay of payments using the spring festival as excuse to gain more time to keep these two incidents secret from the investors.
February 18, 2015 : Suspicious Havelock outage for 14 days until March 4, 2015 which created a big panic.
March 02, 2015 : Aftar 67 days from the facility loss and 35 days after FriedCats last post on Bitcointalk.
Amhash finally admits that the 3.5 PH of the mining facility has been lost and the disappearance of FriedCat has surfaced.
The next day Rock Xie mentions that the solution depends on FriedCat's return in his blog.
There's no proof whether the claimed events actually happened, the communication was and still is at unacceptable unprofessional levels, no detailed, convincing and timely information has been disclosed so far.
Worse than that, responsible parties, acted lightly, have not been honest, and detained the investors by hiding information and fabricating excuses for over two months.
It's hard to know whether or how true these stories are, as the related parties has proven their capability to act in shady ways.
If we assume the provided claims to be true:
AsicMiner is mainly responsible for the incident, and the compensation of the loss of the damaged parties. Because of putting almost all the control of the business and the funds in the hands of a single person called FriedCat, and losing control of the mining facility, by jeopardizing the investment, without having any insurance, or security measures for the protection of the investment.
It's AsicMiners problem to pursue and sue FriedCat and other responsible parties, or not.
THE SETTLEMENT OFFER
At March 25, 2015 AsicMiner has made a settlement offer through Havelock:
This settlement is clearly AsicMiners attempt to exploit the despair of hopeless investors, to get rid of all legal and financial responsibilities, by bribing a small portion of what has been taken and claimed to be lost, and asking them to waive all their current and future rights on Amhash shares swapped for AmhashLC.
Amhash investors, has neither a fault, nor any authority and responsibility for the so called "unforeseen events". Amhash investors can't be held responsible for these events mentioned herein above. Yet the investors are expected to pay for the mistakes of AsicMiner and their lightly handling of their business.
AsicMiner is responsible of the loss of investor capital (Last market price: 0.00091498 BTC/Amhash Share) and all unpaid past and future mining dividends. Even the sum of the unpaid dividends (Since February 10th, 2015) has passed the proposed 0.0003 BTC/Share settlement offer. This incident has also caused additional financial, psychological and social problems for some of the investors which depended on the dividend payments.
We have been detained for over three months now and it is clear that AsicMiner has minimal or no will for a fair settlement. We trust in the Chinese authorities that they will deliver justice and reveal the true story about what really happened. Therefore we have decided to initiate the litigate process, and the informing process of the Chinese authorities from all available channels, about the potential fraud and illegal fund raising activities of AsicMiner for the Amhash mining project and the AsicMiner shares.
They will defend themselves in court by that ''Settlement offer'' and I guess the outcome highly depends on Chinese laws and the approach they have for such cases... It would not end well for them in EU, but.. there... who knows..
Again I hate to repeat myself but just to clarify, NOTHING ABSOLUTELY NOTHING is the action the Chinese government will take. Ok maybe that's not entirely true if you look long and hard enough I am sure some official will accept a bribe with a promise to look into the events, and then do nothing.
We are 4 shareholders and we are not going to accept this joke! We started the diplomatic correspondence with Chinese Embassy and we will put those scammers in jail, where they belong!
Have you ever been to China? Have you a clue how long the rope your pissing up is? Microsoft, Apple, Dell, Intel all companies who tried and failed to make legitimate claims against intellectual property theft by Chinese firms. The amounts in question were BILLIONS!!!!!!!!!!!! Yeah they are gonna get right on that 15BTC recovery for you. Christ you're an idiot.
They will defend themselves in court by that ''Settlement offer'' and I guess the outcome highly depends on Chinese laws and the approach they have for such cases... It would not end well for them in EU, but.. there... who knows..
We are 4 shareholders and we are not going to accept this joke! We started the diplomatic correspondence with Chinese Embassy and we will put those scammers in jail, where they belong!
How many of you are going to accept this 0.3 BTC per THs deal? Is there really any other option?
A bird in the hand and all that. It is most likely a sign as soon as there dump the liabilities "us" they will close up shop.
How many of you are going to accept this 0.3 BTC per THs deal? Is there really any other option?
Totally not a sock, for realsies!
Ohai newfriend! Welcome to internet! I'm totally new here myself, so let's be new and surf this information superhighway together!
It looks like AMHash is going to make good on their hashing contracts. It's documented on their site. People are to quick to yell SCAM with no evidence. After what they did in the Hashie mess and what they are trying to do now just shows they are a business trying to do right by their customers. They are not going to pay on dividends from Feb 9 to Mar 9 but are ongoing. I hope they succeed, but they are behaving like an honorable business.
What are you talking about, there is not a word about any future dividends or refunds. Where did you get it from, please provide a link.
...documented on their site... lol... ...
It looks like AMHash is going to make good on their hashing contracts. It's documented on their site. People are to quick to yell SCAM with no evidence. After what they did in the Hashie mess and what they are trying to do now just shows they are a business trying to do right by their customers. They are not going to pay on dividends from Feb 9 to Mar 9 but are ongoing. I hope they succeed, but they are behaving like an honorable business.
That remains to be seen... however, my Russian clock keeps ticking....
It looks like AMHash is going to make good on their hashing contracts. It's documented on their site. People are to quick to yell SCAM with no evidence. After what they did in the Hashie mess and what they are trying to do now just shows they are a business trying to do right by their customers. They are not going to pay on dividends from Feb 9 to Mar 9 but are ongoing. I hope they succeed, but they are behaving like an honorable business.
This is more of a scammy market exit rather than a long scam. AM has been working fine for a decent amount of time. But it's not surprising that a bitcoin venture scammed people somewhere along the way.
Completely agree with that AM might not be the scam all the way, but AMHash was definitely it.. They did some things right that tricked a lot of people into thinking they were legit, the most funny part is that there are still some people who, it seems, genuinely believe their shit exit story
reminds me of those fanboys on hashtalk...Now that you mention it, GAW really shares similarities with AM. They could be a low effort copy of what AM did. Maybe even they inspired eachother.
This is more of a scammy market exit rather than a long scam. AM has been working fine for a decent amount of time. But it's not surprising that a bitcoin venture scammed people somewhere along the way.
Completely agree with that AM might not be the scam all the way, but AMHash was definitely it.. They did some things right that tricked a lot of people into thinking they were legit, the most funny part is that there are still some people who, it seems, genuinely believe their shit exit story
reminds me of those fanboys on hashtalk...
This is more of a scammy market exit rather than a long scam. AM has been working fine for a decent amount of time. But it's not surprising that a bitcoin venture scammed people somewhere along the way.
oh boy.
nice break down! thanks
nice break down! thanks
Interesting. Watching this thread.
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