The Strange Litigation of Monkey Capital

The following is a preview of a forthcoming article on the Monkey Capital litigation:

On December 19, 2017, two things came at once like a lightening bolt, both of which were apparently to become the first in a long line of a number of enduring coincidences that would shadow the litigation they shrouded.

Just as Bitcoin began to fall from its all-time high reached on December 17, only two days before, coming at the end of a weekend a day before the Jewish holiday of Hanukah, the Silver Miller law firm chose to file a civil class action litigation against Daniel Mark Harrison and Monkey Capital.

The suit, which was brandished across the Bitcoin press in the same sort of public relations fashion in which new products are brought to market, alleged that “hundreds and maybe thousands” of investors may have been defrauded out of as much as $60 million, with the present group of Plaintiffs already comprising loss-leaders of well over $15 million in cryptocurrency. The original suit even carried a chart showing how such Plaintiffs qualified as claimants of over $5 million, the amount necessary to pursue a class action litigation in the district federal court of Florida.

Strategically chosen to extract the most penetrating response from the media for the highest possible potential loss, the date in question was the first date that the law firm could have realistically filed their complaint following the Bitcoin all-time-high being reached. One has to marvel at this incredible market-timing, which if not a result of having come direct from a cartel of insiders, seems remarkably fortuitous for a group of Plaintiffs suing for the return of Bitcoin they lost gambling on a Russian decentralised exchange earlier that year.

Add to that the observation that one of the Plaintiffs had purchased $1 million of a cryptocurrency by the name of Coeval for just $100,000 over-the-counter from Daniel Harrison directly, but he had apparently never sold even as his friends were unloading heavily. The reality that out of hundreds or thousands of potential Plaintiffs, only 6 people ultimately turned out to be willing claimants, was another of the strange twists and turns in this loony tune. Eventually, the $15 million was progressively lowered until all the Plaintiffs decided it was actually just $1.2 million.

In fact, there were murmers about starting a class action lawsuit back on Twitter on August 12 that year, the same day as a gold investment website proprietor waged a public war on all that was Monkey Capital. This was just before the Coeval token price was beaten heavily down.

Shortly after, one of the Plaintiffs threatened Daniel Harrison weeks before with a bullet in the head when asked to present evidence of the Bitcoin he had allegedly lost trading Coeval. Threateningly, the individual advised Harrison not to go near “any airports” for a while.

That was just the start of it. As it turned out, no fewer than 3 reporters from major publications seemed as hell-bent on spreading Silver Miller’s gospel like the news of the second coming of the Messiah as were they.

In fact a robbery did take place — but not one organised by Monkey Capital. Rather, someone robbed Monkey Capital of 1,000 ETH. An ICO by the name of Digital Developer’s Fund struck a deal on July 24 with Monkey Capital. The deal was, Monkey Capital would front 1,000 ETH which would be swapped back for 2,000 COE between August 8 and September 9 unless the gross value of the Coeval was less than the gross value of the Ether. It was between those two dates that the value of Coeval was destroyed, falling 96% in value. On August 8 and August 24 however, the gross value of 2,000 COE did outperform the gross value of 1,000 ETH. But by then DDF had long gone.

As for the guys who declared open war on Monkey Capital, the gold investment website by the name of goldseek.com, they simultaneously erased weeks of recorded interviews with Daniel Mark Harrison at the same time, compounding to losses by scaring the investors they had originally sold. Having pumped Coeval to over half a bitcoin in value, the website’s podcast host told the hundreds of listeners who brought weeks ago to sell immediately.

When I asked Chris Waltzig, the Goldseek show’s podcast, why he was doing this, he responded with a simple one-line answer:

“My boss now thinks the project is a scam.”

There is more. Much, much more. Questions abound: how did Silver Miller time the market so perfectly as to pitch their lawsuit at the exact moment Bitcoin reached an all-time high? How did DDF strike a deal so fortuitous that it just so happened that the asset which they were due to swap back 1,000 ETH for declined 96% in the same period they needed to? Why did what should have been an ostensibly neutral journalist who openly introduced himself as being from the UK’s Daily Mail, using a Daily Mail e-mail, eventually publish a hit-piece on me in the London Times instead?

Why did CoinDesk.com, the same website owned by the Digital Currency Group, which controls the majority of the Bitcoin-related market, and which features Silver Miller as star columnists, refuse to publish the same number of words of a quote I gave them when they openly featured David Miller?

Why when presented with evidence of this was a journalist who introduced himself as being from theinformation.com, a respected investigative news publication, writing about “pay to play in the Bitcoin press” less interested in this than in the suicide of one of the Monkey Capital community’s members last December (what has that got to do with the “pay to play” theme of public relations, after all?)

More than ever, why would someone sitting on an instant $900,000 of capital gains not at least take the $100,000 amount they had just invested and cover their initial position?

So many questions bubble up over the Monkey Capital story.

But let’s start at the beginning. © 2018 Daniel Mark Harrison


The Strange Litigation of Monkey Capital was originally published in Data Driven Investor on Medium, where people are continuing the conversation by highlighting and responding to this story.