Quote from: Ukyo on January 25, 2014, 02:44:27 AM

Quote from: glendall on January 25, 2014, 02:19:08 AM

Expect the coins to be gone. It is highly improbable that Ukyo will honor the terms of the loan as he has shown criminal behavior, and borderline mental illness in his attempts rationalize his behavior.

Look at the facts:

1) Ukyo lied about all the coins that were being deposited to WeExchange being unavailable due to a technical error.

2) Ukyo owes millions of dollars of BTC to users who deposited to WeExchange and has not given any reason beyond 'the coins are gone'.

3) Ukyo continued to accept deposits to WeExchange for over 2 months, knowing fully that we has unable to let anyone withdraw the BTC they deposited.

I think it is safe to say after reading 1000s of posts on the subjects that it is most likely that Ukyo treated deposits to WeExchange as his own personal wallet. He then made some gambling investments that blew up in his face at lost all the money. He lost money on Labcoin, Active Mining, and likely sold BTC into cash thinking that the high of $260 was a good time to sell, when in reality , it is probably never going back to this figure again. Of course I can't say I'm 100% -- the only person who knows is Ukyo and he is conveniently not telling. Which should be a red flag.

He is thief and what he did was not only unbelievably stupid, it was just plain illegal. It is not even a matter of factors out of his control, he simply stole and lost millions of users' money. It is quite the mess.

If you are going go the route of legal action the good news is his identity is known. The bad news is a) legal action is expensive b) it is unlikely to recover much funds as he likely lost much of them. At the least though it would be satisfying to see him criminally charged, forced into bankruptcy, and have to tell us (finally) in a court of law what he actually did.

He's been buying for time now for 2.5 months, but it looks like finally people are starting to realize that they've been ripped off, and the house of cards is starting to crumble.

Stop trolling.

1. Incorrect
2. This is not supportive of your claims.
3. Incorrect

You forgot to mention:
4. Ukyo has not dissapeared
5. Ukyo distributed proportionally funds that were able to be made available
6. Ukyo is clearly working towards gathering BTC at _least_ from ActM shares to be able to distribute to users also

I had about 400btc of my personal funds tied up in the listed assets.
Somehow that does not amount to the total of the issue.

Jon why do you lie? This is all public record. Mostly covered in this thread of the six or seven threads on this thievery going on:
https://bitcointalk.org/index.php?topic=337523.0

1) You said the problems were purely technical in nature at first. Then 'something' happened, which you have not explained, were you changed your tune. You changed your tune after it was infeasible that you were having a technical problem you couldn't solve and could not explain.

2) The people waiting for funds was posted and it was over 2 million dollars worth of BTC. And it wasn't even the full list of people who lost money.

3) The withdraw problems were first brought to your attention in the third or fourth week of October. Yet you put no warning messages up and continued to accept depositss even though you knew you could not pay them back until sometime in December (anyone can check that thread themselves for the exact date.

And I'm not trolling. I'm mad about having my money stolen from me and I'm trying to warn others. There's a big difference.