Topic: [Weexchange issue] The fall of Ukyo III - Updates and references - page 3. (Read 50032 times)

My talking! I really think many of those people that got scammed don't actually do anything to get their money back. It may be because a lot of jursidictions still don't actually pursue legal actions against bitcoin thefts. Also many just don't expect to succeed and just give in - especially when there are a lot of people that got scammed for relatively small amounts each.

So you can't sue him because you won't get any money, but he can't scam you because then you'll sue him? You're sort of proving my point. If he stops talking to you, you'll sue him, but you don't think suing him will get anywhere, so why should he do anything when he can just talk to you once a week and keep you happy?

Until you can't anymore 
Seriously, re-read and think about what you just wrote. You are basically rationalizing his actions. You want to see your coins and you don't want to be someone who 'fell for a scam'. Both things are totally understandable. But you should really ponder whether it is the wise way to keep on believing in him and potentially lie to yourself.
Thing is, I don't know what happened here, and if it really is a scam or not. But as of now I don't see any reason to believe him any more.

Of course i have considered its part of a plan. But even if one try this you cant run this forever that way. At one point the sue-hammer would come down on you. So the max such a scammer could achieve would be time.

I mostly decided not to sue now because i can speak with ukyo when i want. I could see one of his small projects and he explained the inner working. It would be some work to do only to buy time that way. So i use the conversations with ukyo to get a feeling about what might going on and how certain it is that ukyo is saying the truth. As far as i see it i can sue ukyo anytime. I only dont see a ray of light getting back my coins by doing so. At the end the decision is relatively easy to wait for the moment and let ukyo prove that he speaks the truth. If it comes out its a scam for sure then i will sue him. I wouldnt await coins getting back but i would like him see at court then. By the way the same i do for the labcoin scammer. Im part of LCSH and we know it was a scam from the start now. I sue him only to punish him but it might come even better than i thought.

I've got to agree with Harmon, yeah it may be untypical, but have you considered that this is just part of the plan. It is used to let people keep their hopes up, let some of them even side with you. Some will even start to defend you. This is closely related to Stockholm Syndrome. It effectively decreases the number of people who will potentially try to use legal action. People aren't under the impression of having been scammed, so it is easier for them to just write it off as an accident.

Sure there is no proof ukyo says the truth.

If ukyo stole the coins im very convinced he could have come up with some explaination of being hacked by an unknown party. It would be pretty easy to wash those coins in a couple of hours and you would never be able to proof that he was the thieve. If he stole them and it would be possible to find the traces he would have done it pretty dumb.

He had ukyo loan and i believe these loans were for projects too. You know the amount of these loans. So if those projects arent able to earn back the coins then the loan would be a failure from the start too.

There are other scenarios thinkable so that lost coins arent lost in any case and scenarios where he couldnt do anything against.

In any case. It doesnt matter what iam or you think. There is no choice. Will you sue him just for the thin believe that he might have stolen the coins and you will be able to find them? Or sue him now when he says there is still a chance to get even the original coins back but sueing could kill this chance?
Waiting is the only choice that has a slight chance of getting coins back successfully. So there is no much choice at the moment. All the anger doesnt matter. Im not happy with this situation myself but i want to go the route i see the biggest chances for the moment.


You know... normal scammers vanish at some point. Ukyo is still available and speaking if you want. Check out IRC.

Is this still a thing? Haven't people accepted by now that Ukyo most probably is living the life on Cyprus together with Mr. Brewster and a cocktail in his hand?

You are of course assuming that the coins are missing, even though there has been no proof of that.

Ukyo either stole or lost the coins. In both cases you are fucked. If he stole them, the only way to get them back was probably to bring in law enforcement months ago. if he lost them, he's incompetent, so why do you think he'll be able to get them back or do a "project" to earn that many coins again?

I dont understand your first sentence. But see it this way. Coins are gone. As long as the company exists, those coins belong to, theres the chance to reget them. If weex is sued and cant pay then it has to go bankrupt if ukyo wont face criminal charges of failure to file for insolvency in due time. If weex as company doesnt exist anymore then the chance to reget the coins are gone too.

Of course the projects can fail. The projects anyway are only the second chance to get the coins back. The projects are for paying back ukyo loan. If thats done and in case the weex coins really cant be retrieved anymore then those projects are planned to pay back the lost weex coins too. So they are a backup plan.

Even when you arent pleased with the situation, your choices are very limited. Sueing and hoping ukyo somewhere has riches is useless when you take the amount of coins missing into account. You will get some per mille of your coins if sueing is successful. And the chance that your lawyer eats more than that are high. Thats why waiting looks like the best choice for the moment. Sueing ukyo doesnt run away.

Why declare bankruptcy when he can just do nothing like you guys are letting him? If this wonderful secret project fails, he'll just come up with another wonderful secret project to make up for both of those disasters.

We really have no other choice. The state of bitcoin securities is a mess. You can't get blood from a stone. Either ukyo's new project will work out and people will get their coin back, or he will end up declaring bankruptcy.

You are basically just giving your money away if you invest in bitcoin securities.

I've just been watching, waiting for Havelock to get shut down. I'm surprised they are still around.

Where are all the lawsuits against the securities exchanges from people who have illegally lost money on them?

If you are an unregistered exchange and you are accepting money for an unlicensed, unregulated, unregistered security like NeoBee, you are complicit. I'd be very very wary of keeping your bitcoin anywhere but your own wallet. At least until there are real, regulated securities exchanges out there.

Kind of cute the way you guys are just sitting around doing nothing, waiting for Ukyo to hand over millions.
Sad, but cute

Its not yet public what the reason is. So far ukyo claims he has set everything possible in motion to get the coins back and until its not clear how the result will be he claims its important to not reveal what happened to not lower the chances.

So what ended up happening here? What was the BTC Loss?

On 15.06.2014 20:53 GMT+1

I've never had a problem getting in touch with him before. When was the last time you talked to him on IRC?

You must try it on different times the day. At one point he always answered me then.

I've talked to him on IRC before.

But I've been messaging him there almost every day and have yet to hear from him.

Try it on IRC... the chances are you get him though he is really watching on strange times so one cant say when he is watching.

I've been trying to get in touch with Ukyo for almost a week now and I haven't had any luck.