The Theft of a $1 Billion Dollar Blockchain!

The Theft of a $1 Billion Dollar Blockchain - Ethereum/Slock.it Facing Legal Action

 We have decided to launch legal action against the Ethereum  foundation and the Slock.it development team. Please join us if you feel  you have been effected in any way through the actions of the Ethereum  foundation or Slock.it. We are motivated by our crypto morals, ethics and the unspoken law  within our culture. We are backed by the real word legal system and the  US Securities and Exchange Commission (SEC). Not only do we challenge  the foundation but we demand a full public Audit of the funds and  transactions related to the Ethereum Foundation and developers. Has there been a crime here? Most certainly.

The theft of a USD $1billion dollar blockchain with trading  assets, copyright material, websites, logos, github, development funds  and employees was switched with fraudulent software. The Exchanges are  now operating orderbooks with cloned software belonging to the original  Blockchain. We seek to reinstate new leaders of the foundation and  reclaim our $1B USD in assets. The Ethereum Foundation is now in possession of a community  asset (ETHF). As the foundation has become corrupt, they cannot be  trusted to make decisions for our benefit, only themselves. 

The foundation involved themselves with a third party and begun  colluding to perform a hardfork (or %51 attack) motivated by personal  investment decisions. The foundation have stepped outside their scope outlined in the  original binding agreement presented to crowd-sale investors. In this  structured world of law and order, it is not up to individuals to decide  on what is right and wrong or what constitutes a donation, this is a  matter of law.

The foundations claimed "not for profit" will come under scrutiny and we will test every action and statement made with the power of the legal system. The Slock.it team and developers provided an investment vehicle and  made claims pertaining the investment. Their negligence in the execution  of coding resulted in the loss of 11m ETH or $120 million US dollars of  funds. Each of these members had invested genesis positions of Ethereum and  encouraged others to participate. Once they had caused this loss, they  then proceeded to produce a fraudulent Blockchain in the attempts to  recover their investment.  They successfully executed a joint operation collectively defrauding  investors and offering them with cloned software as a substitute,  benefiting themselves financially. This was conducted in collaboration with the Ethereum foundation and  pressure was mounted upon the community with heavy campaigning,  propaganda and strong arm bully tactics. The original Ethereum chain has now been hijacked by slock.it and the  foundation. They believe the funding we provided them for our Genesis  chain is now "free money" and they are under the illusion that the  Hardfork is the main chain. The fraudulent chain now operates on major exchanges with the theft of a our USD$1B dollar market cap and margin trade engines.

UPDATE 29 July 2016: The Ethereum Foundation maliciously  coded bugs into the hardfork update resulting in the theft of customer  assets from 2 major exchanges Coinbase and BTCe.  Once you begin to bring outside politics, selfish motive and  corruption into a blockchain, you destroy the very worth of that chain.  In the crypto world, Hardforks designed for selfish reasons violate our  code of ethics. Any software updates, improvements to code or patches  are a most welcome feat. Any attempts to justify your actions will be  promptly shut down by lawyers smarter than you and I. Our first steps in taking action will be to locate an appropriate  base to conduct our affairs. As we understand the Ethereum foundation is  based in Switzerland listed as a non profit organisation. Slock.it is a registered company in Germany - HRB 30026 - VATID DE303959655.

My assumption is that we begin our proceedings on Swiss soil  and seek guidance on how to best tackle slock.it from this position. If  you are an expert in this field we would like to hear from you and seek  your guidance on how to best approach. What is our aim? We pursue our blockchain funding, branding,  development, community assets including reddit, websites, domains and  associated content. If we so need, we will reinstate new developers/contractors and  will likely employ passionate developers immune to corruption and  political motive. If the Ethereum developers wish to participate, they  will be contracted for set tasks.

We will move to secure the transparency of funding, spending  and related transactions to the Ethereum public Blockchain for all to  see and Audit. This reckless spending and wage blowout has gone on too  far unabated and we now demand a public Audit.  The foundation has fallen to corruption and we must act to secure stability.

We call for the resignation of Vitalik Buterin and the board of members and propose a re-election for the safety of our chain. We ask for them to step down from these positions and hand over the community assets to trusted members deemed fit to serve. There are mountains of evidence piled through chat logs, emails, tweets, conferences, and discussions.

The crypto community is strong and just. We need to make an  example of those who wish to bend moral compass and abuse positions of  trust.

In the coming weeks we will begin establishing our community  grounds and creating the legal vehicle for action. This will not be a  solo mission. There are already thousands upon thousands willing to back  the challenge and we invite you to join us. We ask for your support gathering information and  intelligence detailing the events as they unfolded. Any emails, chat  logs, screenshots, tweets and recordings will be useful. Join us in the slack group @ ethlegal.slack.com !

Please forward relevant information to [email protected] Head over to https://tutanota.com/ and grab an email. Any correspondence with us will be encrypted by default. Once you have that you will be able to access our public slack