Quote from: zhoutong on July 29, 2012, 09:13:40 PM

Quote from: augustocroppo on July 29, 2012, 08:18:49 PM

Quote from: dree12 on July 29, 2012, 07:32:01 PM

Please, be rational.

Of course...

https://bitcointalk.org/index.php?topic=95795.msg1062656#msg1062656

Quote from: zhoutong on July 29, 2012, 10:29:38 AM

Currently I can recover at most 20,000 BTC and $140,000 from Chen Jianhai.

(...)

AFAIK he used Blockchain's mixing service, but we don't expect the fees to be returned because it's impossible to identify the funds anyway. (Also Blockchain has offered a 0.5% bonus for those people who facilitated the laundering.)

The average price he sold at should be around $7.2, including the exchanging fees. At this price point we are short $42,000. I'll see if it's possible to get this from Chen Jianhai, but quite unlikely. I doubt the effectiveness of Chinese police as well, because he's very likely to have "Guanxi" to deal with his financial activities (which I can't decide whether legal or not). In any case, he has been acting in a very naive way and I assume he still has freedom today because of his guanxi, not technical sophistication.

(...)

"We" means community?

Who is short $42,000? The thief is never "short" of any money. It must be Bitcoinica customers.

AFAIK he used Blockchain's mixing service, but the community doesn't expect the fees to be returned because it's impossible to identify the funds anyway. (Also Blockchain has offered a 0.5% bonus for those people who facilitated the laundering.) The average price he sold at should be around $7.2, including the exchanging fees. At this price point the community is short $42,000. I'll see if it's possible to get this from Chen Jianhai, but quite unlikely. I doubt the effectiveness of Chinese police as well, because he's very likely to have "Guanxi" to deal with his financial activities (which I can't decide whether legal or not). In any case, he has been acting in a very naive way and I assume he still has freedom today because of his guanxi, not technical sophistication.

He's right! I plugged in community and it now makes perfect sense. I can't believe I have been so wrong on this issue. Will everybody forgive me? BlowBobs on the house.

~Bruno~ (ain't cackling!)