Quote from: CartmanSPC on March 19, 2016, 02:35:32 AM

Quote from: o0o0 on March 19, 2016, 01:30:32 AM

Quote from: CartmanSPC on March 18, 2016, 07:00:57 PM

Just read the tweet...the receiver has been identified:

http://www.sallahcox.com/james-d-sallah-esq.html

Edit: As bad as this situation is there is a TON of value left in Cryptsy. It is foreseeable that it can continue to operate under new management. The bad management by the current team should not reflect on new future owners/operators. Yes, it will be difficult to overcome the stigma left with what occurred to get them to this point but as a whole the only downfall was the (supposed) theft of funds.

Does this mean bitebi9 has to close down because they are using the trade engine which is IP of project investors and not licensed to them? Bao Luo aka Paul Vernon should lose that then right....

Bitebi9 may have purchased the right to use the trade engine/source, etc....the receiver will have to look at the terms of the contract (if there is one) and try to extract as much value out of it for the benefit of the creditors/debtors/account holders. Keep in mind though that trying to enforce anything with a company in China will be difficult at best (I would imagine).

I suppose you (court/judge) could connect the dots and make a case that Bitebi9 was a "way out" of the mess by Paul and attempt to take over control of that company as well but again...China :/ ...think there is a word/legal term for this type of thing but it's been a long week. e.g someone takes all the assets of a failed business to start a new one leaving the debtors holding the bag.

bitebi9 is paul vernon aka project investors.. surely selling it to yourself for nothing or giving it away to yourself would look shonky and not hold up. But then again when he's in china how are you going to stop him using it... o look i recoded something that just happens to look like the old one.. i stayed up all night to do it because im just that awesome at it.