This is an archived post.You won't be able to vote or comment.OKCoin fraud and forgery: full timeline (self.Bitcoin)submitted by TL;DR - PGP signed emails and Adobe PDF signed documents prove the forgery.Original documents: /sh/wgmz9ofhq8kymhs/AADOd0QGEL8RvnKoeCKtPBKna?dl=0 Cryptographic analysis: /a/wiz.biz/document/d/12kYEn24Ypi1UlkXjS4js049SqitmyZQyFu_eQcV8P48/edit?usp=sharing Background over the course of five years.The agreement was drafted by Roger and signed by Changpeng Zhao, OKCoin’s then CTO.The agreement listed the parties as “Roger Ver” and OKCoin”.Under the contract terms, OKCoin was responsible for the advertising revenue generated by the site.Because the site was already generating 2,500 hits per day before OKCoin’s involvement, the parties agreed that should OKCoin generate less than $40,000 in any given month, they would pay Roger $10,000.OKCoin was otherwise obligated to share a variable percentage of the advertising revenue with Roger.

Additionally, OKCoin had preferential rights to advertise for itself on the site.Conflict OKCoin commenced their duties under the agreement by tendering payment to Roger for the first 3.5 months due to OKCoin’s failure to adequately monetize the domain.Three and a half months later, after CZ’s departure from the company, OKCoin ceased development of the site, ceased making payments and continued to refuse for months to pay Roger the contractual minimum monthly fee.From February to May, OKCoin provided various excuses for not tendering payments under the agreement. offline without notice to Roger.OKCoin’s justification was that there was no binding agreement because "OKCoin is a brand and not a company", referencing the agreement having been signed on behalf of “OKCoin” and not specifically referencing an entity OKCoin does business through. (as opposed to www.okcoin.cn).’s terms of service indicate it operates as a Singapore entity.Clearly, OKCoin was acting through their Singapore entity.

Instead of discussing this point, OKCoin simply maintained there is no entity called “OKCoin” and thus there was never an agreement.Several days later OKCoin produced a “newer version” of their agreement with Roger.They now claim they have the right to terminate the agreement under a new provision added to the "newer version" of the agreement.ethereum fxRoger never saw and did not sign this newer version.how to install bitcoin on ubuntuEven under this newer version of the agreement they are still in breach and liable for damages because they have not "givin" 6 months notice.ethereum 86Moreover, the newer version had Roger’s digital signature photoshopped onto it with an identitcal timestamp from the previous version of the agreement.bitcoin silk road news

Timeline December 15, 2014 _v7” December 16, 2014 _v7” _v7” in his email, paid in BTC: https://blockchain.info/tx/2540df4c24d4bc552ba63dd65ed5b25b1efdb13c9da2225f76c9c4fa3021b5a3 domain to OKCoin December 18, 2014 after they tookover the site.January 28, 2015 website in the past month after the initial site was launched Star replies and says that monetizing the site with advertisements “turned out to be not easy” and is not happy about having to pay the minimum contract fee to Roger every month Roger tells Star he heard that Safello and other companies paid OKCoin to advertise on the site, but the advertisements were never added to the site January 29, 2015 Star says “we are ready to begin now” but wants to confirm Roger is committed Roger reminds Star there is already a 5 year contract in place, and re-explains the terms and various options available under the existing agreement January 30, 2015 Star says “enthusiasm for buying ads isn’t there” and he can only generate 1200 USD per month revenue on the site February 1, 2015 Roger explains to Star that blockchain.info was able to generate tens of thousands of USD of revenue on the site February 6, 2015 Star replies saying he can’t monetize the site to generate the revenue that Roger is expecting in their contract, so he is “afraid to begin the efforts” Roger asks Star to pay 1.5 months worth of late payments that are past due February 25, 2015 Jack at OKCoin, head of international, contacts Roger assuring him that “We will be sending you the February payment no worries there.” April 6, 2015 , and asks for payment for March April 7, 2015 Jack at OKCoin says their accounting department “would like to ask if there was a way to pay you in USD” Despite Roger wanting to be paid in BTC, he says USD is fine and asks it to be credited to his OKCoin account so he can purchase BTC and withdraw it Roger meets Jack from OKCoin in person in Tokyo and is informed OKCoin cannot deposit USD into Roger’s OKCoin account, and they would have to send a bank wire Roger sends his bank information April 27, 2015 Roger reminds OKCoin their payment is due in a few days May 1, 2015 Roger emails OKCoin complaining their payment is late May 7, 2015 Alfred at OKCoin says “I've spoken with our finance team and we will be able to send the full payment to the account on Monday.” May 12, 2015 Roger emails OKCoin again complaining their payment is late May 13, 2015 Jack responds about the bank wire, “It is being processed today.” Bank wire is not actually sent.8 coin bitcointalk

Jack makes various claims: “In light of the Ripple fine and rumors surrounding the reason for the fine, we are uncomfortable sending to a bank account in your name.” “We do not have a company entity named OKCoin.” “Changpeng Zhao signed this contract and Star (cc'ed here) has himself not seen it prior to signing and was unaware of the details at the time of signing.” Star makes various claims: “ is a Singapore registered company (OKCOIN PTE.logiciel pour bitcoinThe operations and data center are located outside of China.” “We don't have an entity which name is OkCoin.” to remove references to their Singapore company.bitcoin jeepMay 14, 2015 May 15, 2015 Star claims their “attorney” can only speak Chinese and used Google Translate to review the English contract and other correspondence.bitcoin jeep

Daniel emails the “attorney” in both Chinese and English and asks him to prove that he is actually an attorney.The attorney gave a very brief response and stopped participating in the email thread, and OKCoin stops CC’ing him to emails after this.Star maintains position there is no agreement because “there is no company called OKCoin”.bitcoin madenciliği_v8” contract PDF document with no digital signatures that contains a new provision allowing OKCoin to terminate the contract early.After sending this new agreement, says “You are mistaken and used an old draft agreement.We hope you will apologize for your error.” May 21, 2015 J. Maurice performs a cryptographic analysis on the PDF documents and finds that the new v8 document was never digitally signed by either party, and the hand-drawn signature image of Roger was copied from the signed v7 contract.He concludes that the v8 contract was forged by OKCoin and never agreed to by either of the parties: /a/wiz.biz/document/d/12kYEn24Ypi1UlkXjS4js049SqitmyZQyFu_eQcV8P48/edit?usp=sharing π Rendered by PID 14128 on app-239 at 2017-06-24 12:10:52.941843+00:00 running 3522178 country code: SG.