I don't like this witch-hunt for Zhou Tong. Please stop it. He is still young and it is unfair to be too harsh. When I was young, I also did many stupid and seemingly unforgivable things I wish I didn't do. Is it really worth ruining the life of a child as retribution? That's so petty.

As for the funds. It is being worked on. Of course we want everyone paid back, but it isn't so easy. Consider that we have run an exchange for nearly 2 years now which has been operating with the utmost honesty and respect, having never been compromised dealing with comparable levels of funds as Bitcoinica. Although we are conservative and cautious in our actions, we acted slowly and deliberately to be sure there were no further disastrous mistakes. The legality of the payments had to be sorted out and checked first, and proper systems had to be developed to enable staff to collaborate and corroborate records to the most accurate possible.

Just under 10% of claims have been verified, and I'm waiting on those payments to be made out soon.