Quote from: dooglus on October 15, 2014, 06:34:09 AM

Quote from: a1choi on October 15, 2014, 06:26:33 AM

Quote from: Vortex20000 on October 15, 2014, 06:23:46 AM

Conclusion: ______

1) either AK is a very large investor with that many coins

2) AK has access to cold wallet

3) DMF deposited all the coins to AK to "frame"

4) AK = DMF

any other possibilities?

I think AK said that:

5) he had lots of coins in his ninja balance, not invested (which explains why we didn't see the site's total invested drop as he withdrew). Also, since those coins didn't show up anywhere public on the site, they didn't need to be taken into account for the "proof of solvency" stuff. That means the site could already have been operating a fractional reserve. AK taking out his coins meant they had pretty much none left.

In the future, would it be beneficial for operators to also expose how much they have holding in player balances that are not invested?

edit: this should also be a warning for players/investors. ONCE cold wallet address is not public or fund amounts don't match (or reach the threshold) reported amount, then be wary. DN seemed to have this issue early on. I'm surprised people didn't scream about this earlier?