Quote from: SebastianJu on October 06, 2012, 01:21:22 AM

@Theymos

You said you are managing the cash reserves... so why did you allow that nefario take money for lawyer from there? Or what does this "manage" include?

He didn't inform me. He illegally spent GLBSE user deposits with the expectation that he would replace this money from the BitcoinGlobal treasury later. Which he's unfortunately correct about -- I can't withhold the money from him when this means that there won't be enough money for GLBSE users.

But GLBSE doesn't have a lot of money (only about 600 BTC IIRC). If he continues paying for stuff, this money will run out.