Post
Topic
Board Service Announcements
Re: {ANNOUNCEMENT} WBX Exchange Frozen
by
Andre Jensen (World Bitcoin Exchange)
on 31/03/2014, 22:32:03 UTC
Address to All WBX and bitcoin supporters.

I would like to start by saying "I'm very sorry for not communicating on the forums" simply because i was instructed not to by my "lawyers", yes i will admit it has been over 2 1/2 years since the site went down and i was robbed by my bank (at the time) i would like to take this opportunity to set a few things straight.

The reason why i stopped Trading through WBX is because my bank (sorry i can't name the bank for legal reasons) had put a hold on my bank accounts. this stopped the flow of AUD to my Clients and put a lot of pressure on me. thus putting the fiat side of the business at risk, at the time i processed only 50% of the bank withdraws that were coming through to the site with my own personal funds and the other 50% went unpaid for 2 years simply because i run out of money.

I've Spent the last 2-3 years paying back clients working 2 jobs and running a security business and to date ive paid back 95% of outstanding AUD accounts to my clients and the other 5% being in my opinion Scam artists.... the bank still retains my funds to-date.

I then started to receive threats from various people because they hadn't received their bitcoin back, which then i came to the realisation that i didn't want to put my wife and three kids at risk and decided to pack up and move from Gold Coast back to Melbourne deciding to close down my wifes two hair salons and my Security business as you would all know from this forum.

From day 1 the bitcoin was always secured by Chris (dooglus) both online and offline for security reasons and i can honestly say and chris will back this up.....i had no control over where it was stored (i only knew the address it was stored under) even to the point of not having access to withdraw the BTC, (as you are all aware of) once i had all AUD seized from me by the bank i became increasingly worried for the BTC that Chris would run off with the funds, so i requested the BTC back on several occasion even to the point of threatening him. (which i now regret as he has done the right thing in repaying at least majority of BTC) also i have not asked or received any BTC from chris since this has happened.

I was approached by another exchange in Australia to buy a share in WBX and i agreed this investment would have helped fund the pay back of all my clients on WBX also this person requested a few changes to the site eg: making it anonymous again, but before I signed off on the deal some of my client that lossed AUD on my site were not receiving AUD on his exchange (which most of you would be aware of cryptoX) so i cancelled the deal.

A few weeks ago i reached out to Chris to help with the exchange again and had no reply? also apologizing to him with no reply?, until i read the forums and found he did receive the email and posted it here. The reason i want to give WBX a go again is i believe in bitcoin like most of you in the forums and Australia needs it also i've been approached by investors to restart WBX this is why i need the help. personally i've got nothing to hide and on occasion you can find me at the Melbourne bitcoin Meetup if you want to approach me for any reason i'll be happy to meet you.

"Chris publicly i just want to say i'm deeply sorry for what has happen in the past and you are a genuine bitcoin supporter/developer and would hope we can move on" 

Any questions i am happy to answer to a certain degree.

Kind Regards
Andre