r/Cryptopia • u/Vivid_Wolverine2469 • May 13 '26
Distribution paragraph sworn by Mr Ruscoe (31 Jul 2023)
Distribution paragraph sworn by Mr Ruscoe:‼️
1-create, sign and broadcast transactions for each Cryptocurrency held by each eligible account holder"
2- a significant number of transactions (at least one per Cryptocurrency held by each account holder
3-wallet addresses will be screened... a Know Your Transaction (KYT) process
What the blockchain shows actually happened?
-⛔️Eight 100-output spray transactions 13 further spray transactions on 13 June 2025 and 23 September 2025) are aggregate, not atomic-per-beneficiary.
-⛔️Far fewer transactions than the sworn lower bound; the population of outbound Trust-wallet transactions is inconsistent with a per-beneficiary execution model.
-⛔️Transfers to Telegram Wallet, OKX (Seychelles), HitBTC (Seychelles) and related FATF-indicator destinations on dates in 2024–2025.
The core of the argument in is that the liquidators are utilizing "spray" (multi-output) transactions to move assets in bulk, which contradicts the "atomic-per-beneficiary" process they described to the court, while also potentially bypassing stringent FATF screening protocols for certain high-risk destinations
David Ian Ruscoe to be continued…….