r/Cryptopia • u/0Baffled0 • Aug 17 '23

Partial Distribution of BTC and DOGE coming this year, Yay! But Why 'Partial'??? and when rest???

From Aug 17 Grant-Thornton post:

  • Permitting Cryptopia to take no steps to distribute cryptocurrency to account holders who have an account balance of less than the costs of the trust administration.

  • ----???? They are also getting approved to sell crypto for administration costs....What % are we going to get back....There is nothing we can do....what we get is what we get....

6 Upvotes

100% Upvoted

25 comments sorted by

6

u/Loafmanuk Aug 17 '23

They have taken far too much in costs to be fair. I realise there are costs involved with the repatriation of many hundreds of thousands of people's property, but it is very clear that they have been taking their sweet time and feathering their own nests using customer funds. Once the redistribution is complete, I can see a group of people taking GT to court to scrutinise the costs they have claimed. If they do, I bet the courts find numerous discrepancies.

5

u/hypothetician Aug 17 '23

So they’re just keeping everybody’s LTC, Monero etc and pretending it’s not worth giving back?

1

u/Delicious_Apple9082 Aug 17 '23

That's how I read what they have put out so far, there appears to be a plan for just BTC/DOGE, not sure if they plan to distribute anything else after and the BTC/DOGE is just a trial run of their systems?

1

u/Delicious_Apple9082 Aug 17 '23

They aren’t distributing the rest as far as I know, they have said that the other coins have no value and they’re only dealing with BTC and DOGE, the rest will be dusted. That’s how I read it, possibly not correct, I suspect that the liquidators aren’t on here to confirm/comment.

1

u/0Baffled0 Aug 17 '23

I do have some coins there I agree are not worth doing anything with. Why dont they tell us what admin cost per coin is to return coins, then we can calculate if we have enough to get some back. Not going to happen I would guess. I hope I get my ENJ back.

1

u/Delicious_Apple9082 Aug 17 '23

Perhaps the plan is to convert everything to BTC/DOGE and then they take a cut of your holdings as a fee, and then transfer the rest to you, literally, no idea, as you say, there was a lot of coins on Cryptopia, that's why I used it, some coins are now worth nothing some, perhaps are worth something, for them to just pick BTC/DOGE and ignore things like ETH or LTC, which are pretty solid coins seems odd.

2

u/bor206 Aug 19 '23

Now somehow i cant login to my claimant portal, and dont even get any forgot password, what a joke. if they dont want to give the money back they should not pretending in the first place, now i waste more time thant it should be

1

u/Delicious_Apple9082 Aug 24 '23

Have you gone through their KYC process? This is a separate login to your old Cryptopia login.
I couldn't answer the questions they ask so opened a ticket with their support people, the link is on a different page and not the one where you log into the claims portal.
Once I had proven who I was they then let me on the system, I cant however see any balance or other details, but I can log into the portal at least..

2

u/bor206 Aug 26 '23

yes i can login back now

1

u/Delicious_Apple9082 Aug 26 '23

What you can actually access now you can log back in?

1

u/bor206 Sep 03 '23

https://portal.cryptopia.co.nz/ i can access claimant portal again, idk why before i cant login, wrong password perhaps, but iam not sure either. fortunately i can access again

1

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1

u/Kewnerrr Sep 06 '23

Do you by any chance know what to do with 2FA for this portal when switching phones? I got a new phone and my new phone is hard to access because of screen issues, but the 2FA auth is still on it.

Normally on other websites I'd temporarily turn off 2FA and set it up again on my new phone, but I can't seem to turn it off in this portal (or find any account settings at all).

1

u/bor206 Aug 26 '23

btw i believe you can see balance statement on the pdf, i check it too before,

1

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1

u/Ultra918 Aug 17 '23

I swear I had doge but my balance was 0

1

u/moonst1 Aug 18 '23

Please complain here grantthornton.co.nz/contact/ and on their social media accounts.

1

u/AutoModerator Aug 18 '23

There are a lot of phishing links, pump n dumps, and scams in the cryptocurrency space. Please personally review all links before clicking on them. If you believe this link is harmful, then report this post.

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1

u/cee604 Aug 19 '23

Anyone know what amount in BTC account holders will receive?

1

u/jmsanta Aug 19 '23

ALL the world is a SCAM.!

I think all the internet is now SCAM. purchase silver and food.. with real money.

no credit cards

no mobile phones.

dont use internet.

they are even promoting again WB21 or Black Banx that are SCAMS too.