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Re: Bitcoinica - Advanced Bitcoin Trading Platform
by
zhoutong
on 24/05/2012, 23:12:34 UTC
yesterday I received this reply from ZT by PM which I'm sure he won't mind me quoting here:

You need to contact Bitcoinica Consultancy for this, and make sure you outline all the losses you incurred.

I started the swap system under Bitcoinica LP's approval and I was a full power representative at that time. However I did not have financial incentive - I can't touch a single cent of your swap money.

OK, now I need to think about this & how to proceed, I don't actually really even understand it, any helpful input would be welcome, many thanks ZT for responding, so it seems though that Bitcoin Consultancy which I now guess is called Bitcoinica Consultancy were not the owners & operators until after Zhou Tong's promise of the 22nd March 2012 to refund for swaps, but that he had already secretly sold Bitcoinica = Bitcoinica LP to T. Seale's investment group & was at that time effectively an employee of them

"Bitcoin Consultancy was first retained to perform a comprehensive security audit on March 27 and they became owners and operators of Bitcoinica LP on April 24. As General Partner, they have exclusive legal authority to manage the company." - Quoted from tseale speaking for the investment group that took over from ZT



I believe that when they take over the company, they should continue the unresolved disputes with customers. I designed the system because someone asked me to, and I gave the promise on behalf of the company because I had power to do so and it's consistent with Bitcoinica's usual dispute resolution attitudes.

If the amount is not large, I think they will honor. Otherwise you may need to explain very carefully to make it reasonable.