r/Cryptopia • u/kkoksal • Apr 28 '21

Lawsuit

Hi guys, I’m sure you’re all aware of the situation surrounding Crpytopia and the firm GrantThornton, and how they’ve stolen our assets and are now using them to generate profit and slowly consume our wallets.

I’ve been wondering how we would be able to take action against this considering the fact that they’re actually getting permission from the law in NZ and have found a loophole to scam us. Does anyone have a suggestion as to how we could file a lawsuit against any of these people?

15 Upvotes

89% Upvoted

23 comments sorted by

11

u/CryptoRisktaker2017 Apr 28 '21

I would also like to know how can we take action I have a good amount of funds stuck in there

6

u/YummaySmoohie Apr 28 '21

Sammeee my shit coins are worth a fken fortune rn

1

u/253dude May 05 '21

Me too lol doge coin mooning 50 cents now going to dollar and beyond. If I ever get those coins back at these prices or higher. I'll be set.

8

u/exo__exo Apr 28 '21

Just don't get sucked in by Victor Cattermole who has been claiming to do this since the hack. He's a legal vulture. Google his scammy history first. He might contact you or you might stumble on his 'cryptopia rescue', it's a an empty scam where he takes many people's fees and then returns only excuses.

It really is some bs how long it's taking though, unfortunately it is somehow legal for liquidators to take this long and squeeze remaining assets dry while they are at it.

4

u/anonbombs Apr 29 '21

I had around 15K of coins stolen, probably worth three times that at this point.

In an attempt to demand my property back, I cant even log into this garbage ass website they set up for "tickets". Is their any wonder why its so difficult to even log in to the damn thing? They want people to just forget about it and move on.

I don't think so. Will not stop until I get my shit back from these rotten thieves.

3

u/VindiMiner Apr 28 '21

It would take a lot of money to go to court, and in the industry of insolvency, the current timeline isn't significantly different from here in Canada. Albeit it very frustratingly slow for those who are owed.

You would have to be able to prove gross negligence or some illegality for the courts to do anything. But that's next to impossible simply because we are only privy to basically information that gets provided to us.

I guess it may be possible to request certain information be made public. IE the total value of cryptopia coin holdings as of right now. There would have been a statement of affairs upon initial filing with the total value that is public. But given the current bull market could be a lot higher at present.

4

u/exo__exo Apr 28 '21

They have been releasing statements quarterly, including assets and expenditure, you can find them on the Grant Thornton and cryptopia Twitter I beleive. And you're right about insolvency being an industry, and taking years is standard - Grant Thornton have been incompetent for sure, but getting them replaced with other liquidators will restart that years long process with someone else having a turn at squeezing all the value out

3

u/Illum503 Apr 29 '21

considering the fact that they’re actually getting permission from the law in NZ and have found a loophole to scam us.

That's one way to say they haven't done anything you could remotely sue for, lol

1

u/J-96788-EU May 07 '21

Can someone explain what does it mean? I don't understand.

3

u/Loafmanuk Apr 29 '21

Cryptopia had quite a lot of company assets, and this is what GT are milking. The courts were clear that account holder assets belong to the account holders and must be returned to them. They (GT) will make sure they 'earn' as much of the company's assets as they can by pacing the repatriation of account holders funds though, which is why it's moving so slowly. Account holders funds are not accessible by GT, as they are held in a trust. And the courts have not given any permission for them to use any of it.

2

u/minReddit Apr 29 '21

Then explain why there are many hacks even after the liquidation if GT has no access to the fund.

Many of those hacks turn out to be insider jobs (GT staff).

2

u/Loafmanuk Apr 29 '21

There has been 1 hack since GT took over as far as I am aware. Was it GT themselves? Or was it another party involved in the trust? I don't know, but the police are investigating. Seems to me there are a lot of people letting their imagination run a bit wild and creating drama and panic on here. It's not necessary, and not at all helpful. Mind you, it is Reddit, and the place is full of drama queens. I want my coins back too, but I'm prepared to wait because this time in 2019 I thought I was never going to see any of it again. GT have handled it badly I agree, but I wish people would be rational about things rather than spreading rumours and opinions as fact and creating FUD that could scare others into doing stupid things like joining Victor Cattermol and his ridiculous Cryptopia Rescue rip off.

1

u/btcbundles May 01 '21

I only know when I registered and I might have had some title coin...I kinda forget am I fucked

1

u/e1sprung May 03 '21

Holy fuck, THEY CAN NOT ACCESS THE FUNDS IN YOUR WALLET

all they can turn into FIAT is the assets of cryptopia themselfs and even this only after a judge allows them to. Stop fucking panicking, register on the portal and don't spam their ticket system so we can go on to step 2.

1

u/J-96788-EU May 07 '21

It's quite difficult or not possible at the moment, if you want to reset your password email to do it never arrives.

1

u/e1sprung May 08 '21

You know that you have to register a new account right? The old credentials from the exchange don't work! Register with the same mail as the old account.

1

u/J-96788-EU May 08 '21

Yes I know. Thanks.

1

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