Quote from: pornluver on May 19, 2019, 06:46:57 AM

Quote from: Noojna on May 19, 2019, 05:28:18 AM

Quote from: pinoycash on May 19, 2019, 02:24:53 AM

Quote from: xtraelv on May 18, 2019, 03:04:09 PM

Quote from: pinoycash on May 18, 2019, 02:07:42 PM

If 14% of their total holdings was hack, How come these thieves are saying there are not enough money to cover everyone's money! they already haircut people's balance to cover the losses in the hack.

Where's the remaining 86% money own by their customers? It means they are using people's deposit to fund their operation while collecting trading fees and listing fees. IN this case, They are all thieves and scammers, IMHO they should go to jail for their actions.

It is exactly the reason why they had to call in the liquidators - because they cannot use other peoples funds or continue trading if they are insolvent.

It doesn't even necessarily mean that there is not enough funds to cover the debt. It could be that they do not have enough cash at hand to pay for their bills going forward.

The volume on the exchange was dead. You can't keep trading if you are likely to run out of money to pay for costs at some stage (i.e. server lease, wages and building rental) . The post hack work that they have done will just assist the liquidators with resolving it faster.

In this case all customers should be the priority and be the first to get paid in the liquidation process. One thing, Why they don't just allow all users to withdraw their money/coins from the exchange instead of asking help from liquidators which probably incur more fees and more money that they don't have.

This is not how the law works in western countries. Of course, money being deposited IN TRUST will go back to their rightful owner; however, crypto is not considered money and it's definitely not IN TRUST. So, basically the liquidators can do whatetever they want with it. There will not be anything left for us, customers, this is how it works now at this point in time, in this society.

I will say this again, people, don't leave coin at exchanges.

Are you a lawyer?

Quote

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