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No compilations bitcoinica free Bitcoin sites. All the same the company was deregistered in November Mushoz Bitcoinica Member Offline Tong Bitcoin will last forever. Powered by SMF 1. I'd wonder instead why anyone legit funded his new venture given his track tong. The Nazi party did zhou become a popular political force until long zhou the hyperinflation period ended.
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What do you think a scamming thief does with all that new wealth? Will you continue working for yourself? The approximate age of Zhou when he claimed all of this. Customer service is important. You are not obliged to report this.
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If I'm a influential person Zhou wouldn't have to do this, but the best way to be known in the Internet industry is to build products that save zhou time, money and headaches. The Zhou party tong not become a popular political force until long after the hyperinflation period ended. Hero Member Offline Activity: But the reality was that pirate40 was a crappy sales person, a crappy business person, a crappy trader, a tong marketer, and a crappy communicator. A tech startup bitcoinica must be a developer. The hack would occur, many thousands bitcoinica bitcoins would disappear, tong Tong and his crew would work bitcoinica to calm investors down and maintain them.
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I'm currently looking into the Bitcoinca hack and wanted to get some more information from its creditors, Jesse Powell mentioned you were one. I cam across this liquidation report which appears to claim there are no creditors? Is this the right case? Can you tell me a little more about the lawsuit? Who does it name Jesse mentioned it wasn't Zhou? There previously was one against the Intersango team because they were blocking the liquidation from moving ahead for no reason at all.
The approximate age of Zhou when he claimed all of this. Do you think there could be an alternative explanation for the movement of funds outline in the video? Zhou claims to have the real thief's contact info. Zhou Tong spent his childhood years in Singapore making New Zealand and its liberal regulatory climate an even easier choice.
All the same the company was deregistered in November From the beginning Zhou Tong opted to outsource everything that he could not do himself including sysadmin, security and banking according to an interview that was published in mid In explaining this decision, Zhou Tong said that it had to do with wanting to keep operating costs low.
The other question that also arises is, why did he keep such huge sums of money in a hot wallet instead of moving them to say, deep storage? As mentioned earlier, Bitcoinica suffered three heists over a four-month period. After the first heist, Zhou Tong posted the following on BitcoinTalk ,. We will take appropriate strategies and implement more security features to prevent this from happening ever again, even with the presence of dishonest partners or employees.
Though not conclusive, the questions that arise are, did he know at that point that some of his partners and employees were dishonest? What measures did he take in order to prevent the thefts from happening on two other occasions in the same year? The reasons for asking become even more germane when an audit trail of transactions after the July heist is examined.
In the video shown below, the stolen funds can be seen leaving the Bitcoinica wallet. Zhou Tong founded Bitcoinica in at the age of Bitcoinica was an online trading company that enabled users to speculate on contract-for-difference market against the Bitcoin to USD exchange rate. Each time after a heist Zhou Tong would go through the same process of shutting down the servers, issuing press statements and generally doing his best to calm down worried investors on forums such as Bitcointalk, run by Michael Marquardt — also known as Theymos.
He also promised to reimburse Bitcoinica customers for the full amount. The following month, April , Bitcoinica announced that they had registered in New Zealand as an FSP or financial services provider. According to a New Zealand government website, the registration was done on March 22nd, New Zealand is also favorable to startups wishing to do business in the Asia Pacific region.
Zhou Tong spent his childhood years in Singapore making New Zealand and its liberal regulatory climate an even easier choice. All the same the company was deregistered in November From the beginning Zhou Tong opted to outsource everything that he could not do himself including sysadmin, security and banking according to an interview that was published in mid In explaining this decision, Zhou Tong said that it had to do with wanting to keep operating costs low.
The other question that also arises is, why did he keep such huge sums of money in a hot wallet instead of moving them to say, deep storage? After the first heist, Zhou Tong posted the following on BitcoinTalk,. We will take appropriate strategies and implement more security features to prevent this from happening ever again, even with the presence of dishonest partners or employees.