According to the official site, Second Life’s Ginko Financial is selling a Xeon 5160 server on eBay. So far, no one has met the opening bid of $3200.
Ginko Financial was a self-styled Second Life bank that collapsed last summer. It owed depositors approximately US $750,000 when it closed its doors. Ginko’s collapse is widely seen as the chief motivation for Second Life banning all unlicensed banks earlier this month. Many, VB’s editor included, were convinced Ginko was insolvent from its inception. For more, see VB’s archived coverage.
The auction is listed by an eBay user with the name “Hinoserm.” A former Ginko employee blogs under that name here. The server represents a significant Ginko asset, and one suspects that victims (including Second Life’s ‘Shaun Altman,’ who is attempting to collect, inventory, and equitably distribute what remains of Ginko’s assets) may be interested in this development.
Perhaps more importantly, the hard drives likely contain a wealth of valuable information that could help depositors collect significantly more of what they are owed. The listing says the drives will be wiped, but a note that has been on the Ginko website for months says that “an archive of Ginko Financial’s database will be kept indefinately [sic] for historical purposes.” There have been rumors of a potential lawsuit since Ginko’s demise; attorneys and depositors considering that route may want to spend some time considering the implications of this auction and weighing their options.
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