Post
Topic
Board Securities
Re: [BitFunder] Moving Forward/Resolution Process
by
glendall
on 02/01/2014, 14:37:43 UTC
Is that same legal reason preventing him from telling people what happened to the coins also the same reason why he allowed people to deposit to WeExchange for 2 months when he knew that the WeExchange users would not be able to receive their coins back?

We might not have much information but don't change the facts. Deposit of funds were disabled less than a month after the withdrawal problems started.
While we have yet to see proof of of the opposite, you can't just make the statement that "he knew that the users would not receive their coins".

I think it is quite clear that WeExchange has suffered from multiple issues as Ukyo also said. At least the bitcoind issue and some legal issue, which probably started around the 20th of November.

You are right that it was not 2 months, but it is true that Ukyo still allowed deposits when he new that withdrawal was practically impossible. At that point he might not have known that funds would get stuck for such a long time but at least he should have warned people that withdrawal was impossible for some time. For some time he failed to do this, in spite of several people asking for this explicitly.

Sorry for delay haven't checked this in a while...

I stand by the 2 month claim. Some folks had the inability to withdraw there deposits longer than 60 days ago.  Here is one person for example:
___________________________
Pompobit
   
Re: The People VS. Ukyo (AKA WeExchange 2nd Stage Scam)!
November 19, 2013, 12:44:39 AM
   
 #2
I add my requests too, I trusted Ukyo but I'm loosing my faith day by day he keeps to remain vague about this issue. Avoid blocking withdrawals from weexchange seems odd, too.

Username          WeExchange ID                                 Amount                  Time Stamp
Pompolus     uIIxCevq18AuQe1i2jTftijKq6Fj03cf            5.49994209BTC   2013-11-02
Pompolus     GlWNK4426syVhELe97ew7K62gOmqtfD3     5.00000000BTC    2013-11-02


stucked since november 2nd, 17 days and counting
   ___________________________________

As seen in the one of many threads about this scam  https://bitcointalk.org/index.php?topic=337523.0


For sake of argument let's say then that Ukyo knew , without question, for over 45 days that users would not be able to withdraw any btc they deposited to WeExchange.  I did not really receive a satisfactory answer from any of Ukyo' protectors and loving fans on how, and in what circumstances, this could be seen as okay, to collect funds from people with no intention or ability to pay them back, for or at least, over one month say.

The whole gag order thing is highly improbable. Not impossible, but I highly doubt it. The much more likely reason that we don't have our coins is that Ukyo did something really bad or really dumb, or stole the money.
 
At the very, very least, please at least give yourself a deadline on how long you are going to wait before doing anything, or accepting the money as lost. Another week? Another month? Give Ukyo a year? At least set this for yourself and stick to it.