Post
Topic
Board Securities
Re: [BitFunder] Moving Forward/Resolution Process
by
SebastianJu
on 24/01/2014, 01:14:35 UTC
Quote
first was the bitcoind issue
Wow, he still doesn't want to admit that the bitcoind issue was a bold lie.

Edit: Guys, if its an issue with bitcoind, why wouldn't he go ahead and ask for help publicly? That stuff would be fixed within hours/ a couple days. I mean he's highly incompetent, but that would be hilarious.

Like WeexUser wrote, Ukyo asked for help. But there wasnt a workaround yet for that wallet size and ukyo had a lot custom coding included so it would be hard to change for outsiders.



The second issue prompted the sudden halt of withdraw system. Might that be the block-issue? Where bitcoind couldnt load or process a certain block so it stopped in the blockchain?
The block issue is a new separate issue that happened to some bitcoin clients at the end of December and it can not be related to the cause of the withdrawal issues that started in October-November.

  • The first issue is bitcoind not being able to handle the huge wallet and restarting. Ukyo started doing the manual withdrawals after being unable to make a quick fix for this problem.
  • The second issue is the actual problem. It is the issue that Danny refers to as a "legal issue" that he can't talk about. Ukyo now states that it started around the 15th November. It was also around that date he stopped doing manual withdrawals, stopped writing on the forums for a month, and said on IRC that "shit has hit the fan", so his story matches up perfectly.


I think I just noticed something important in what he said:
Quote
When did you first hear about the "other" issue?
within 4 hours of disabling withdraws
and stopping the manual ones
rahter
If this is true it basically debunks the theory that the coins were stolen (by other people than Ukyo at least), since he would obviously not have been able to continue to withdraw coins for 4 hours.

If its really a legal issue that involves bitcoins taken from weexchange then ukyo would fail miserably not telling us this because we wouldnt have the chance to sue early enough. Someone would get his money back and we are the bagholders. It wouldnt make sense to have a gag order then too. Gag orders should only make sense when government still wants to investigate.
It wouldnt make sense either to take funds that specificially dont belong to ukyo nor weexchange but to certain people. Seizing that money would be something ukyo's lawyer could go against easily. Of course only when he wants.

Im not sure but i read it the way that he disabled withdraws and only 4 hours later found out about the problem.

"Finding out" is strange. Was his server confiscated? Can he really be that stupid and not having backups? I mean i cant imagine a half serious person having responsibility for millions of user funds and then letting all saved on one place only without backups. If thats really the case it would be no wonder he dont want to talk about.
Regarding server... maybe some unscrupulous employee at the server host found the wallet and now makes an extended trip over the world.

Edit: And he couldn't easily use another wallet as peope suggested because he had inserted some custom code in his bitcoind client.
He is allegedly now working on migrating his system to use a newer version of the bitcoind client. The newer version of bitcoind does not need his custom code due to a new feature and it fixes the block issue. He don't know yet whether it will also fix the restarting issue.

Why shouldnt he be able to use another wallet? The custom code isnt needed to send bitcoins. The only thing to do would be importing all private keys into another wallet. Maybe only a couple always to not break the new wallet. He didnt do this so i think either he dont have the private keys or the coins are gone.

If the restarting issue is fixed it wont help us like he wrote in the chatlog. I want to know what would help us.

Im switching from letting ukyo try his "plan" to "sue him fast before nothing is there anymore" back and forth... i couldnt care less if weexchange survives. For me weexchange is dead anyway and i dont see what ukyo will use it for in the future.

The coins i lost werent weexchange funds, they were my funds weexchange had in escrow. So if the coins were stolen it wouldnt hurt i know it, when they were seized then it would be illegal and and and.

*argh* This topic is exhausting.