A post on Bitcoin Money (@BitcoinMoney) blog describes Bitcoinica’s plans for allowing customers to get access to their funds following the firms major security breach. Excerpts:
“[Zhou Tong’s announcement reads]: ‘We are building an account claim page. You can submit your account information, financial information (balances) and trading information to verify your identity. We will then match with the records we have. If they have matched, we will [return funds]”.
“Current positions will all be liquidated at a settlement price [that has yet to be determined].”
“The [claim] page will be up in a few days but I don’t have accurate information on this.”
It has not yet been determined if the service will continue to operate after returning funds. ‘Likely we will either shut down the platform or re-develop entirely’ Zhou writes in another post.” [see blog post for an update describing plans to re-open Bitcoinica.]
“[Kronos.io and MPEx) might be useful alternatives for those who were using Bitcoinica to hedge.]