Quote from: s1gs3gv on May 30, 2016, 10:02:00 PM

Quote from: The Avenger on May 30, 2016, 09:50:41 AM

XBT Provider ?@xbtprovider May 27 Stockholm, Sverige
Trading halted but XBT Provider and investor assets are not affected by the KnC bankruptcy. Our instruments are always fully hedged

Fully hedged by claims on a KNC bitcoin stash ? With KNC now in receivership, aren't those coins KNC company assets against which secured creditors can stake a claim ? Or did they whip 'em out from underneath KNC and move them to XBT Provider ?

Murky.

It would be "intent to defraud" if Scam/kfc were hiding assets before declaring bankruptcy. However, Sweden has very lax laws on BTC right now. They didn't even charge kfc tax on their mining earnings! So maybe kfc can/has moved btc to xbt, as it isn't "real" money to the Swedish authorities?

I mean, Scam is an executive in XBT. Why is an IT guy an executive in a company dealing in financial products? What does he bring? You would assume btc, certainly ain't looks.

I saw one comment on twitter that asked if XBT's guarantor was kfc and kfc are now bankrupt, shouldn't the fund be liquidated? And they said no, we just get a new guarantor. Makes a real joke of the concept of a guarantor!

Potential Investor: So what guarantees your fund?
XBT: Nothing.
Potential Investor: And what if things go wrong?
XBT: You lose everything.
Potential Investor: Cool, I'm in! Do you take credit card or would you prefer a suitcase stuffed with cash?
XBT: Suitcase. Tack så mycket!

We haven't seen high levels of morals or integrity from kfc/Scam in the past, but I'm sure it's all "legal" and non-murky Roll Eyes