3 ms·

There's a lot in that thread to sort through, but... The exchange that zhou founded had about 60,000 bitcoins stolen in two instances. Plenty of evidence poin

by kgo 14y ago

There's a lot in that thread to sort through, but... The exchange that zhou founded had about 60,000 bitcoins stolen in two instances. Plenty of evidence pointed to an inside job, probably by zhou himself. This link provides Zhou's explanation of what 'really' happened, where he claims a Chen Jianhai, Chinese multi-millionaire with ties to organized crime who hunts for ancient relics and artifacts in his spare time, was the 'real' thief. https://bitcointalk.org/index.php?topic=95795.0 https://bitcointalk.org/index.php?topic=95795.0 I'll leave it to others to assess the plausibility of this scenario.

StavrosK 14y ago
Ugh, now I font know if I can trust them with my domains. Too bad, I might have to move away.
- zhoutong 14y ago
  The events following the acquisition of my previous startup Bitcoinica gave me a big hit on reputation. This made really frustrated as well. Basically I sold 100% financial interest in October/November 2011 and I stopped all involvement in the company after April 2012 when I started NameTerrific. The new management was unable to process refunds to affected customers and a series of chaotic events blew up. Many were made up (especially the insider job theory about the last hack) for profit (for example, the owner of the exchanger who wrote the story retained $40,000 funds illegally and refused to provide any information needed to reclaim the money). Your domains will be safe as I had absolutely no intent to operate any unethical business. Bitcoinica was controlling at peak $1 million in assets during my management and nothing went wrong at that time.
  - zhoutongd 14y ago
    This is an outright lie. Zhou Tong not only was running bitcoinica when ALL THE RECORDS WERE DELETED. BUT HE WAS THE ONE WHO DELETED THEM SO HE COULD STEAL THE MONEY!!

3 ms·

There's a lot in that thread to sort through, but... The exchange that zhou founded had about 60,000 bitcoins stolen in two instances. Plenty of evidence poin

by kgo 14y ago

StavrosK 14y ago
Ugh, now I font know if I can trust them with my domains. Too bad, I might have to move away.
- zhoutong 14y ago
  The events following the acquisition of my previous startup Bitcoinica gave me a big hit on reputation. This made really frustrated as well. Basically I sold 100% financial interest in October/November 2011 and I stopped all involvement in the company after April 2012 when I started NameTerrific. The new management was unable to process refunds to affected customers and a series of chaotic events blew up. Many were made up (especially the insider job theory about the last hack) for profit (for example, the owner of the exchanger who wrote the story retained $40,000 funds illegally and refused to provide any information needed to reclaim the money). Your domains will be safe as I had absolutely no intent to operate any unethical business. Bitcoinica was controlling at peak $1 million in assets during my management and nothing went wrong at that time.
  - zhoutongd 14y ago
    This is an outright lie. Zhou Tong not only was running bitcoinica when ALL THE RECORDS WERE DELETED. BUT HE WAS THE ONE WHO DELETED THEM SO HE COULD STEAL THE MONEY!!