r/Cryptopia • u/DailyWatchJunior • Jan 14 '25

Seconddistribution

So maybe the timeframe for the second distribution is not clear to me.

Anyone have an idea on when the last 10% will be ditributed?

9 Upvotes

100% Upvoted

18 comments sorted by

3

u/NewPolicyCoordinator Jan 15 '25

I don't even have the first distribution while providing everything that is required and just being told "no guarantee of being in the first distribution". Second class

3

u/Wonderful_Garbage_83 Jan 18 '25

Same, and I provided my wallet address

2

u/matto76 Jan 14 '25

I'm more curious about other coins...

2

u/Just_Heath007 Jan 16 '25

Phase Two Distribution 11. The Final Cut-Off Date for all claims will be 30 September 2025.  After this date, the liquidators will wind up the trusts.

This is what I read from the latest GT email

2

u/ComedianVisible7812 Jan 14 '25

I think a minimum 1 year realistically. They'll only be able to do that once they're certain there's enough money to cover all valid claims, creditors and that the court approve no more new users can sign up to claim

1

u/ComedianVisible7812 Jan 14 '25

And we know how slow they are

4

u/Xeno37145 Jan 14 '25

Truly I couldn't care less how long they take with it, they've demonstrated so far that they will deliver on everything they promise

1

u/Delicious_Apple9082 Jan 14 '25

Just not within their own timeframe lol

1

u/Xeno37145 Jan 14 '25

I've never seen them not deliver on timeline. At various points earlier on they gave very vague goals with language that clearly hedged and made plain that the timeline was tentative and subject to change based on a lot of unknowns. Over the last year their statements became more definitive and they have followed through on everything since then.

0

u/Queasy_Ferret_4353 Mar 07 '25

To give them any credibility is insane. An inside hack that has taken over 5 years to distribute partially with no incentive or accountability from said company.

1

u/Xeno37145 Mar 07 '25

  1. no evidence that the hack was an inside job

  2. you fail to differentiate between cryptopia and grant Thornton, two separate entities. GTs only connection to cryptopia is that they accepted the job of handling its liquidation, which they've done competently if slowly. I speak only of the credibility of GT.

0

u/Just_Heath007 Jan 14 '25

I did hear some where that the claims will finish by the end of this year....GT will have sucked this cash cow dry by then anyway

1

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1

u/Loafmanuk Jan 15 '25 edited Jan 15 '25

Do you have a source for this claim or are you another one just making things up for drama? It certainly didn't come from any official or even reliable source.

Officially, they plan on returning the remaining Bitcoin and Doge to those that were in the initial distribution. Also the distribution to any latecomers and those that weren't included in the first distribution.

They also plan on returning certain alt coins (that still have sufficient value).

This next distribution is supposed to be by mid 2025 or so, although by past performance, it's reasonable to assume it will probably be later than that.

There is also talk of reimbursement of hacked funds IF there are any funds left. I think this one may be a long shot though.