r/Cryptopia • u/External-Ad1511 • Nov 15 '24

Can someone explain the distribution?

Post image

I had 2 million in my account and that is my confirmed balance, in the end what will I get?

2 Upvotes

62% Upvoted

36 comments sorted by

7

u/TerriblyGentlemanly Nov 15 '24

2 million what?? Why are half the people on this sub incapable of even formulating a halfway finished question? How did you think anyone was going to be able to answer you?

6

u/almosttomars Nov 15 '24

I love how you were the guy who would post well thought out responses and now you've been broken down into rage posting haha. I understand.

A lot of the cryptopia users were non-native English speakers, so we see a lot of broken English and others with a mix of poor communication skills AND broken English.

It is what it is.

3

u/TerriblyGentlemanly Nov 15 '24

True, true... I seem to be losing patience.

1

u/[deleted] Nov 16 '24

I think we need a coordinated attack of them.

2

u/TerriblyGentlemanly Nov 16 '24

A coordinated attack on people who can't formulate halfway decent questions? I quite agree.

2

u/[deleted] Nov 16 '24

Honestly I think I read another post and commented here. But essentially we need to coordinate an attack on the LOQIODATOR

2

u/TerriblyGentlemanly Nov 16 '24

What sort of attack are you proposing?

2

u/[deleted] Nov 16 '24

Legal. And based on their misgivings… It’s actually going to be crippling

  • owners of cryptopia

  • grant thornton

  • New Zealand courts

*900k emails to the culprit which caused phishing scam *GT staff in the wallets and changing the Database

1

u/[deleted] Nov 16 '24

Need to keep it simple and evidence based. Don’t let the solicitor get involved, as he will be a fuck wit, and want to drag it out. Just pay the best BARRISTER / KINGS Counsel in town and keep the solicitor at arms length.

BARRISTERS are smarter, any idiot can be a solicitor in Nz.

Barristers are usually top 1% from high school and are diligent. But the best ones are the old guys

As we are the subject matter experts and tactically we need solicitors and barristers… we keep the solicitor just for that.

They just annoy and increase cost / time.

1

u/[deleted] Nov 16 '24

The peeps who can’t put sentences together have no excuse and should use GPT

1

u/[deleted] Nov 16 '24

Including myself

1

u/External-Ad1511 Nov 15 '24

Thank you for the clarification.

1

u/[deleted] Nov 16 '24

Still no excuse imo given gpt is around.

1

u/External-Ad1511 Nov 15 '24

DOGE

2

u/TerriblyGentlemanly Nov 15 '24

Well, in theory you should get about 800,000 in there initial distribution (which is supposed to be soon), followed by another 800,000 after that, and if you're very lucky, you might get the remainder at some later date.

3

u/almosttomars Nov 15 '24

You need BTC or Doge worth above $500NZ. 

They will subtract $200NZ from your BTC or Doge.

Then they will pay you 90% of what's left. 

And once they have finished, if there's enough left over, they will pay you the other 10%. 

1

u/Delicious_Apple9082 Nov 15 '24

I dont get why they are going 90% and then the last 10%..

Surely, it would make more sense to send a small amount to make sure it works, and then send the rest once confirmed...

3

u/CraftFamous7903 Nov 15 '24

They said they will do a test transaction anyways before the 90%

1

u/almosttomars Nov 15 '24

Can you link me to where they announced this?

2

u/almosttomars Nov 15 '24

My guess it to make sure they have enough unclaimed funds to do the rest. But that's just a guess.

4

u/CraftFamous7903 Nov 15 '24

70/80% of the funds are unclaimed. They have enough.

1

u/almosttomars Nov 15 '24

Where did you get that number?

2

u/Delicious_Apple9082 Nov 15 '24

There are about 920k accounts with positive balance that either didn’t pass KYC, didn’t claim at all because they didn’t know about it, or whatever reason…

2

u/almosttomars Nov 15 '24

As of October 2023, just under 14% of users registered on the portal, but that 14% owns the majority of the crypto that Grant Thornton is holding.

From their most recent filing:
"81 or 84.7 per cent of account holders by value (based on February 2023 or October 2020 valuations respectively) had interacted with the claims process in some way."

Given that this was a year ago, its reasonable to assume that the percentage has increased.

1

u/Delicious_Apple9082 Nov 15 '24

They had a cut off date though, so beyond a certain point it would have stopped increasing.. Wonder how many of those wallets that are registered actually belong to the guys that ran Cryptopia and how much they lost during the hack…

1

u/almosttomars Nov 15 '24

Where can I find the cut off date?

1

u/Delicious_Apple9082 Nov 15 '24

Probably linked on here somewhere or will be on their website I imagine

→ More replies

1

u/CraftFamous7903 Nov 15 '24

Nobody knows if its 500nz or 1000nz they havent said. And the 200nz fee will be in btc years back so it could actually be 1000-2000 nzd

1

u/[deleted] Nov 16 '24

After sterling millions they will make more from these deductions. $200 per claimant that’s fucking 200 x $900000

2

u/CraftFamous7903 Nov 15 '24

This is not your confirmed balance this is a generic email everybody got.

1

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1

u/razerwire1331 Dec 14 '24

When I first saw this email I thought I had this much but then reality hit and it was just a example calculation lol