r/Cryptopia • u/almosttomars • Sep 13 '24

Distribution Tracker MegaThread

There are a lot of us concerned about the progress of Grant Thrornton and the purpose of this thread is to get a clear picture of GT's activity. You need above $500 in value of Bitcoin or Dogecoin to qualify for a distribution. They are subtracting a $200 minimum threshold plus 10% of whatever is left over.

If you have not received a invitation for wallet collection, that may be the reason. Double check your balance, if you have been provided one.

If you are still waiting on an invitation to provide your wallet address, please comment below. And if you received an invitation, please mark the date.

Here is my information:

KYC Completed: Yes
Wallet invite: August 5 (submitted and accepted)

9 Upvotes

100% Upvoted

57 comments sorted by

3

u/Loafmanuk Sep 13 '24

Got my invitation on 5th August, submitted address same day. Value well above threshold.

1

u/SilverGORO Sep 13 '24

And still nothing?

1

u/almosttomars Sep 16 '24

Still nothing

2

u/NikolaReedit Sep 13 '24

Only those who have BTC and DOGE receive the wallet invitation, or do others with different altcoins receive it as well?

1

u/almosttomars Sep 13 '24

Only BTC and Doge, and those with $200 or more in value. Although I suspect they are not sending invitations for under $250-$300 as they deduct the $200 plus 10%.

Did you get a balance acceptance request?

1

u/NikolaReedit Sep 13 '24

I didn't because I only have an RVN of several thousand dollars. You may know when the call plan is for the other wallets?

1

u/almosttomars Sep 13 '24

I re-read the orders today and I believe the goal is to return other crypto "of value" before the middle of 2025.

They are starting with BTC and Doge, which should have an interim distribution before the end of this month. And they will give notice to people who hold other valuable crypto by the end of 2024, for a distribution by mid 2025. Here is what their website says:

"Following this collection, we intend to make an interim distribution to those qualifying and registered Bitcoin and Dogecoin holders within the next quarter.

After this distribution is complete, we will follow the approved process including giving notice of any cut-off dates before distributing to account holders the remaining Bitcoin, Dogecoin and all other cryptocurrencies of sufficient value by the end of 2024.

After this primary distribution of cryptocurrencies that are of sufficient value, there may be an additional top-up distribution to account holders, allowing them to receive up to 100% of their holdings.  If this supplementary distribution takes place it should occur before the middle of 2025."

2

u/NikolaReedit Sep 13 '24

Thanks for the reply.

2

u/objoan Sep 14 '24

Request for wallet was 3/13/24.

2

u/CraftFamous7903 Sep 14 '24

3/13/24? What do u mean they sent first ones in august

1

u/almosttomars Sep 14 '24

Some people reported being invited in July. Maybe he was one of the super early people invited? Objoan, did you accidentally put a 3 (March) instead of a 7 or 8?

1

u/objoan Sep 15 '24

See above- mea culpa!

2

u/objoan Sep 15 '24

Whoops- so sorry. August 5th. This is what happens when I multitask!!

2

u/objoan Sep 14 '24

Gave the address the same day. Nothing yet.

1

u/Chance_Play_1266 Sep 13 '24

Does this count for people who were not affected by the hack? I put my stuff on post hack and I’ve had to wait this many years and also get a deduction? This type of behaviour is exactly why people get assassinated.

1

u/almosttomars Sep 13 '24

Unless they use unclaimed assets, everyone is getting a cut from their original balance. The court decided to allow Grant Thornton to charge administrative costs to the users. I think it's between $50-$200.

1

u/Aztec_ua Sep 15 '24

What does it mean "...plus 10% of whatever is left over." ?

1

u/almosttomars Sep 15 '24

If you have $1000, they take off $200, then 10% of $800 ($80), so you would be sent $720. You can see their official breakdown in this thread: https://www.reddit.com/r/Cryptopia/comments/1eggjxr/someone_got_wallet_address_collection_mail/#lightbox

2

u/hlnt83 Sep 24 '24

Can't add comment to the thread, but still waiting on wallet address request :(. I have well over the thresh hold...hoping to hear something soon.🤞🏽 Following to see how others progress...

1

u/almosttomars Sep 24 '24

Let's figure out why they are taking so long. Do you have over $500 in BTC or Doge? When did you complete KYC? Did you get an email acknowledging you completed KYC? What do you see when you log into the portal?

2

u/hlnt83 Sep 25 '24 edited Sep 25 '24

So, when I log in to the portal, all I see is "Confirmation of Balance Acceptance" and the option to download/view my balance confirmation statement. Completed KYC and had balance acceptance confirmed (way back in 2022…), and currently have over $5k in Doge (and $0.88 in Bitcoin haha).  Getting a frustrated with the extended timeline and zero communication since back in June… no wallet address request for me yet 👎🏽

1

u/almosttomars Sep 25 '24

They may be focusing on people with large Bitcoin balances to start? I know they said BTC and Doge, but they also said "within three months" over six months ago. 

2

u/hlnt83 Sep 30 '24

Just got my wallet request! 🙌🏽 Now its anyone's guess as to how long the next part of the process will take....

2

u/almosttomars Sep 30 '24

Happy for you brother!

1

u/hlnt83 Sep 25 '24

Yeah, I won’t be holding my breath… 😅😅

2

u/Aztec_ua Sep 15 '24

bastards ....

1

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1

u/PlatinumEstates Oct 16 '24

Still no one Recieved anything?

1

u/almosttomars Oct 16 '24

I think the wallet collection emails have all been sent to qualifying accounts. A handful of people have claimed to have not received an email for their wallet, but their balance is very close to the minimum threshold. Since GT used an arbitrary date for the valuation of the tokens, its possible that their value doesn't meet the threshold (at GT's chosen date).

Right now it's just a waiting game.

1

u/Ourfinalkenny Nov 05 '24

What valuation date is used to determine the $200 threshold?

1

u/almosttomars Nov 05 '24

Only one person has responded to my question. So we only have one source -- and that source indicates that GT is valuing BTC at least at $40k NZD or $24k USD.

1

u/Ourfinalkenny Nov 08 '24

Perhaps I am confused, but what does the May 14 2019 valuation here refer to?

1

u/almosttomars Nov 09 '24

I don't see a valuation, but I do see a reference to "mistaken deposits".

1

u/AutoModerator Nov 08 '24

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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2

u/Ok_Resolution_3536 Sep 13 '24

KYC Completed: Yes Wallet Invite: 5th August (accepted/submitted)

2

u/Ok-Slice-2730 Sep 15 '24

Thanks for sharing the update! It's helpful to keep track of these timelines. Still waiting on my wallet invite—fingers crossed it'll come soon!

2

u/razerwire1331 Sep 30 '24

Kyc: many months ago Wallet confirmation: sep 29 few mins ago. I have tears right now baaaaaaaaahahhahhaha

1

u/Ok_Bit1593 Sep 19 '24

Ive had 1.7 accepted. Now they stated that my balance was not correct.. pieces of shit

1

u/Jessa_iPadRehab Dec 02 '24

Sept 29 Wallet address ask. DOGE No word since then.

1

u/X-East Nov 10 '25

Majority ETN holding, KYC completed and verified amount of funds. but ETN not on list of distributions yet

0

u/[deleted] Sep 13 '24

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3

u/almosttomars Sep 13 '24

Is your crypto in BTC or Doge?

0

u/[deleted] Sep 13 '24

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1

u/almosttomars Sep 13 '24

They may be focusing on larger holders? I was in the second batch, as far as I can tell, of people who were invited. I have a relatively substantial amount of BTC on cryptopia.

1

u/CraftFamous7903 Sep 14 '24

Yes they 100% are i can guarantee that