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Re: [ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation
by
sarpar
on 23/08/2012, 22:35:55 UTC

Zhou addressed some of those concerns to me so I will quote them here.

on #1:
Quote
Bitcoinica announced the exchange rate to be $5.1 per BTC. At this rate, all funds have been recovered. I personally feel unfair too, that's why I suggest you to take actions against Bitcoinica.

on #3:
Quote
I'm not protecting his identity. I just deem it to be unnecessary at this point. He is not running away (AFAIK he doesn't even have a passport), and the fund return is pending Bitcoinica's liquidation.

on #4:
Quote
I didn't take possession of any part of the stolen funds myself. The $40,000 is still with Chen Jianhai because I was allowed to not facilitate the return of this portion until the AurumXchange issue sorted out. I have asked the creditors to push AurumXchange to transfer all the locked funds to Bitcoinica as well. You can do the same if you like.

Ninjarobot - thank you very much for the intelligence. This kind of information should be public.

#1 is this a fact that the numbers add up at 5.1USD/BTC? who can confirm?

#2 haha - I thought that's part of the deal with Chen (according to #4 he holds still 40.000). Besides that he could only benefit making this information public.

#4 He was allowed by WHOM? So he admits taking Bitcoinica's funds hostage for something unrelated?