Post
Topic
Board Service Announcements
Re: {ANNOUNCEMENT} WBX Exchange Frozen
by
Andre Jensen (World Bitcoin Exchange)
on 21/03/2012, 05:42:38 UTC
Thanks for the transparency i appreciate it, please return users BTC using this forum or however you think is a open way in doing so safely, You still have Admin access to WBX and i will not change this until all BTC is returned also you can view the user database i left that open for that reason.

Andre, the problem is that until you know how many dollars you are going to be able to get back from the banks, you don't know what the total assets of WBX are.  And so you don't know what percentage of the liabilities you will be able to repay.

I propose holding on to the BTC until the situation with the bank becomes clear.

Do you agree?

Chris,

I agree, this is worst case scenario and i would like for everyone to receive a full refund of there funds but unfortunately i cannot guarantee it at this stage, as soon as i get a clear conformation from my bank what is returned then the process of distributing assets will commence, I will keep you updated here.


Andre