Post
Topic
Board Service Discussion
Re: Instawallet claim process
by
tvbcof
on 22/09/2013, 17:50:29 UTC

Is Bitcoin-Central going to publish their 'take' when all of the not-claimed accounts are swept up and appropriated?


From these it looks like there is at least about 3,421.8BTC left.

https://blockchain.info/tx/6342536a1b44ebbc08126631b1a999e08ee7685ad38502d40edbe2ff7e355865
https://blockchain.info/tx/0c3b8530af20f5c67a1ff7c1a7e7fd3cacb7ea6b44faa416beaeb0f2c5108f8a

Ya, Bitcoin-Central could pull in half a million dollars from this little mis-hap.  I don't know what they paid ~jav for the service (and funding that the service contained), but I doubt that it approached half a million.  Likely they paid nothing at all for it.  Not a bad haul!

If Bitcoin-Central planned to capitalize and were an active party to this crime, they probably would have laundered some of these funds so that someone like you could not so easily analyze the open-source part of the books.  OTOH, they would run the risk of being caught doing so.  On balance, I continue to feel the most likely hypothesis is that Bitcoin-Central are not a part of this crime.  One way or another, it will be interesting to keep tabs on the lingering clean-up of this mess and follow-up on identifying and holding the perps accountable.

I'll mention again that I find the efforts to compensate the victims to have been handled as well as could be hoped for in spite of the lingering issues which could be anticipated.  As usual with these things, one must expect a certain fraction of the complaints to be people trying to game things, and another fraction to be just people who were not paying close attention and/or who don't follow instructions well.

If Phin is being singled out and threatened for his vocal and abrasive tendencies on an internet forum, that would be shitty on the part of Bitcoin-Central.  I would expect a professional and mature organization to let such things roll off their backs.  It would be wise to do so, in fact, as failing would put them at risk of legal action.