Update on Kennedy’s arrest – Tweets w/ Syscoin

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[Typos ahead]

Updates from Syscoin

Dan (Syscoin) and I discussed the status of Syscoin’s insolvency case with MooPay LTD this evening on Twitter. I asked a number of specific questions about their case and a fair amount were answered. Syscoin was able to reveal some specific info that added credibility to their representations about the status of their insolvency case against MooPay Ltd., which is not to be confused with the criminal case against Kennedy and Hopkins. Some of those details include:

1. That Syscoin published their article two months to the day from the Publication of the Winding Up Order against Moolah

winding up order

and,

2. No first creditor’s meeting has been set yet (they are between steps 7 and 8 on this chart, counting down from the top).

I did not learn much of anything about the status of the criminal case. Until I can summarize and digest further, read and evaluate the discussion for yourself on Twitter. Start with Dan’s tweet here. The tweet will take you to his longer summary (not actually 5 pages long) on CryptoCoins News.

Additional Questions

Despite Syscoin’s revelations tonight about the insolvency case, and as noted above, there are still questions questions about the status of the criminal case, CoinFire’s article, and the whereabouts of MintPal/Moolah customer funds.

Coinfire

Regarding CoinFire, and as you might recall, CoinFire’s article gave the impression that Kennedy had been arrested recently – possibly even yesterday, the day their article was published. In contrast, Syscoin’s blog entry didn’t imply anything about  “when” Kennedy was arrested because it was silent on the issue. Twitter discussions with Ferdous yesterday revealed the arrest was actually back in December and that Kennedy and Hopkins are out on bail currently.

Sidenote: I attempted to cross-check Syscoin’s announcement of Kennedy and Hopkins’ arrest by asking Bryce Weiner, whom I believe served as a blockchain expert witness in Syscoin’s insolvency case against MooPay, whether it was credible (see “Experience” in BW’s Linkedin profile). He indicated that it was credible (for whatever this cross-check is worth).

 

Looking back on the CoinFire article 36 hrs later, it still seems pretty out of character given their overt attempts to distinguish themselves as truth tellers recently in their coverage of GAW and Paycoin. What is the title of the authentic document they saw? Where did it come from? Who was the “contributor” that got access to it? Why’d they leave out the date of the arrest?

CF

Yesterday I indicated that Syscoin and Ferdous lacked credibility and that CoinFIre had some stored up. Today, Syscoin and Ferdous moved up a few ticks in my book while CoinFire moved down.

Customer Funds

Regarding customer funds, I’m still curious about the Carlisho2 funds. You might recall Moolah had a fundraiser for the Dogecoinball artist alleged to have committed suicide (no proof of this, just press releases). Moolah donated almost 50 bitcoins, a bunch of litecoins, and millions of dogecoin to the fundraiser. This past November, I traced those donations as originating form the collapsed MintPal exchange.

The question, then, this this: if MooPay was enjoined from moving any assets during the insolvency proceeding, how was he able to release them to Dogecoiners who ultimately released them to the Mind Charity? Those funds needed to be examined to determine whether they belonged to MintPal/Moolah Customers. A court might of have allowed the release, but I’m unclear on these details at the moment.