Re: [Payout Updates] Bitcoinica site is taken offline for security investigation
Neither Intersango nor Bitcoin Consultancy is involved in bitcoinica.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
Some of the Intersango/Bitcoin Consultancy team members are, however posting about that in this thread is wildly inappropriate.
That is funny because Donald Norman, the CEO of Intersango/Bitcoin Consultancy claimed the following on 2012/04/24:
http://bitcoinmedia.com/first-licensed-advanced-trading-platform-for-bitcoin/
Quote
This platform announced today, a new contract signed with the Bitcoin Consultancy Ltd. Bitcoin Consultancy will be taking a dominant role in the operations of Bitcoinica, ushering forward its continued safety and stable operation.
Tihan also claims otherwise:
Quote from: tseale
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.
And Zhou:
https://www.bitcoinica.com/posts/joining-forces-with-bitcoin-consultancy
Quote
The Bitcoin Consultancy team will be responsible for the daily operations of Bitcoinica, including customer support, compliance and new features. We have some amazing improvements in the works that we know our customers will love.
I'm starting to suspect some serious corporate switcharoo here.
Searching NZ companies I don't see a "Bitcoinica LP". I do see a "BITCOINICA CONSULTANCY LIMITED":
- http://www.business.govt.nz/companies/app/ui/pages/companies/search?q=bitcoinica&mode=standard
- http://www.business.govt.nz/companies/app/ui/pages/companies/search?q=bitcoinica&mode=standard
So around April 21 there were the following entries in the NZ register:
- "BITCOINICA CONSULTANCY LIMITED"
- "CORE CREDIT LIMITED" (30/01/2012)
- "BITCOINICA LP" (FSP) (22/03/2012)
However on May 30 the following happened:
- "BITCOINICA CONSULTANCY LIMITED" > registration withdrawn.
- "CORE CREDIT LIMITED" > namechange > "BITCOINICA CONSULTANCY LIMITED"
So correct me if I'm wrong but it seems that:
- Intersango guys were the original BITCOIN CONSULTANCY LIMITED (General Partner)
- Tihans investment fund was CORE CREDIT LIMITED. (Majority Limited Partner)
- On May 30 the LIMITED PARTNER changed name to that of the GENERAL PARTNER.
This would also explain genjix statement:
Tihan denies being in charge, which means his parent company (Core Credit) has to authorise the payments. However Tihan is saying we don't need that.
Color me confused. What is going on and how does this benefit customers?
This is exactly what I'm talking about when I say that we seem to be getting inconsistent reports of what's going on. I'm content to let the claims process take as long as it needs to take, within reason, for claims to be as accurate as possible; but all this other stuff is eroding any faith I have that anything is really being done.