Post
Topic
Board Exchanges
Re: [ANN] Bitcoinica Consultancy abandons customers. Bitcoinica to enter Liquidation
by
repentance
on 29/08/2012, 22:56:20 UTC
I don't understand why they're being so obstructive.  I mean, they're almost being maliciously obstructive.  I just don't get it.  I will never trust any of those guys ever again and intend to stay as far away as possible from anything they're involved in.

It will be interesting to see whether they ignore the liquidator's requests for co-operation.  Technically, they're required by law to co-operate with the liquidator.  At a practical level, the consequences for failing to do so could be limited given that none of them reside in NZ.  I doubt any of them would be overly concerned about being banned from being directors of NZ entities in the future.  And while a liquidator could find that they have personal liability for the debts of Bitcoinica LP, there's no reason to believe that any of them have sufficient assets for such a finding to be meaningful.

It will be interesting, however, to see whether the liquidator finds any reasons to refer issues related to Bitcoinica to the Serious Fraud Office.