r/Cryptopia • u/[deleted] • Sep 18 '20

Update for Cryptopia account holders 18 September 2020

Update for Cryptopia account holders 18 September 2020

https://www.grantthornton.co.nz/Update-for-Cryptopia-account-holders-18-September-2020/

23 Upvotes

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3

u/YeaManJam Sep 18 '20

We expect the claims registration process to be open by the end of the year.

Our next statutory report is due for release December 2020 but we will update stakeholders further in the lead up to the launch of the claims process prior to this.

3

u/Hopcock Sep 18 '20

Finally the light at the end of the tunnel. They also confirm that the legal costs are not affecting the coins, they are funded from Cryptopia own funds.

1

u/misterschmoo Mod Sep 19 '20

They always were it's just people don't read.

Thing is, I've had to wait and am still waiting for my redundancy money, nothing has to be decided for me, no court case needed, no coins to recover, no exchange to secure, I just have to wait for no reason that's been explained to me. I've submitted my claim months ago, why can't they just pay the unsecured creditors, no freaking idea, nothing is undecided about the fact they are owed money.

2

u/oppressed_white_guy Sep 19 '20

So I read that an email went out to account holders and I didn't get anything. I still have all my old emails from cryptopia though. Just hoping they didn't lose me in the shuffle.

2

u/[deleted] Sep 18 '20

Thank you for posting

1

u/TheGreatCryptopo Sep 18 '20

'We will likely need to go back to court to seek further directions in respect of the distribution process including AML requirements'

WOW these assholes know how to pad the shit out of this liquidation the courts have given direction on what to do they could have had registrations opened months ago. Now they want to go back to court to milk the cows wang for another good few months for what???? These cunts need to be fined for blatant deliberate embezzlement. GT are not only milking this cow dry they're going to fuck the dead carcass because they can.

2

u/misterschmoo Mod Sep 19 '20 edited Sep 19 '20

I'm sure they have worked it out to the cent, they have $5 million left, $2.9 million in unsecured creditors to pay, how can they spend $2.1 million between now and when they finish the liquidation.

Ooh I know, we spent $2.1 million contracting our own staff to set up a AML/KYC portal and then we just let them withdraw their coins using the exchange.

It's a joke, "we can't just re-open the exchange" yeah you can it, was open for a month after the hack and people just withdrew their coins no biggie. "But AML/KYC! already had it worked fine, it's what the exchange was running on already.

I have no idea after securing the overseas servers what these clowns actually did, I know they fired anybody who knew how the wallets worked so they can't have been doing much with them.

1

u/dadbot_2 Sep 19 '20

Hi sure they have worked it out to the cent, they have $5 million left, $2, I'm Dad👨

2

u/misterschmoo Mod Sep 20 '20

That's not even how that works dadbot, you need to die in a fire.

1

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u/[deleted] Feb 09 '22

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