Quote from: kiba on July 31, 2012, 03:08:20 AM

Quote from: virtuallylaw on July 31, 2012, 12:14:24 AM

All,

I know you would all like more frequent updates. I am doing my best to keep people informed while also maintaining confidences and frankly finding time to post.

So it's clear, my first priority is to help get funds distributed back to claimants in a fast, fair and orderly process. Unfortunately, there are some things that need to be addressed and processes followed to make that happen. These things take time and effort, so if you feel that I'm not keeping people in the loop it's probably because I'm spending my time aggressively pursuing the objective stated above.

There will be more news to announce soon. Things are happening and getting resolved. I'm sure everyone here can appreciate that this is a complex matter and it's not going to happen overnight.

Additionally, so there isn't any confusion or misunderstanding. The funds that have been most recently recovered are being moved to a safer form of cold storage. I will post details of the transaction here shortly.

Thank you for your patience,
Patrick

How much do you understand about bitcoin? Are you briefed on how to store it properly? I hope you don't forget the password or something

No offense to you, but if Tihan managed to screw it up by storing bitcoin in a hot wallet, then I am going to be skeptical of anybody who's holding money.

Kiba, Patrick has been our Director of Legal Affairs and is extremely well versed in Bitcoin.

I can tell you that top community members and security expects helped Patrick secure these funds.