Scammer tag is long overdue. No security experts can be so careless to allow this to happen. Fool me once...., but fool me three times in a fucking row???
Yeah - sorry - i just can't buy into the story that they got owned multiple times, and are the security gurus they claim to be. One of the two is false.
Take your pick, negligent morons, of plain old thieves. Either way, to run the business knowing that you're either, is a SCAM. Thus, they are scammers in my book.
They have repeatedly been less than truthful, if not outright dishonest. They have repaid their friends before others, and then suffered more losses due to thier delays, negligence and or theft.
I've suspected criminal behavior because of the mounting numbers of red flags in the whole process from the time zhou tong started cashing out, and having slow withdrawals during major market moves. I suspected then, and noted it, that they were bordering on insolvency. I continue to suspect that they hid the majority of insolvency, and the thefts were perpetrated to hide this fact. The timings were all too very convenient. With this final one, I don't think the series of crimes is any longer plausible.
Given the behavior I've noted for the past few months, I am pretty sure that Zhoutong knew there was something up (thus he was cashing out, and "leaving bitcoin" -- I'm also pretty sure Patrick knew what was going on, and has carefully spoken so as to not "lie" to anyone, while completely failing to tell much , if any, truth. How much did any one in the fund know? hmm. Hard to say - that's why - I'm not sure who the criminal is here, but I'm sure it's an insider.
I've talked with Patrick enough on IRC to come to the conclusion that he isn't an operations or security expert, no matter his own opinion. I've also come to the conclusion he's a pretty sharp guy nonetheless. It just seems to me very hard to swallow that they've just been guilty of incompetence and stupidity. They have not shown enough of either to make that plausible. There must be an additional factor. If that additional factor is not criminal, I cannot imagine what it must be.