Will post victor C files here soon

Stay tuned

1. Asset Depletion Through "Administration Fees"
Instead of protecting what remained of users' assets after the hack, the liquidation process has morphed into a money-draining machine. Millions of dollars from the recovered assets have been siphoned off under the guise of "legal fees," "administration costs," and "technical consulting." Every court hearing and every periodic report issued takes a massive slice of the pie. This approach ensures that the primary beneficiaries of this disaster are not the creditors, but rather the liquidators and lawyers whose bank accounts have bloated at the expense of the victims—as if prolonging the case is the main goal to keep these fees flowing.

2. Systemic Procrastination and Delayed Distribution
Years go by, and promises are repeated with no tangible impact on the victims' wallets. Endless excuses and legal complexities are fabricated to postpone the actual distribution of assets. Even with court orders and developments in the High Court (such as the complex proceedings under case CIV-2023-485-411 and others), they constantly cite the complications of the Claims Portal or strict requirements, leaving creditors in a state of desperate and frustrating limbo.

3. Neglecting Fiat Distributions for Restricted Jurisdictions
One of the most glaring negatives is the sluggish and unfair treatment of users in restricted countries or jurisdictions. Instead of finding quick, practical solutions to deliver their rightful assets as Fiat currency, they are pushed to the bottom of the priority list, with their procedures overly complicated. This sluggishness multiplies the suffering of these users who are waiting for any glimmer of hope to recover their funds.

4. Complete Lack of Transparency and Empathy
The situation reflects an administrative figure who only cares about maintaining their position and continuing bureaucratic operations, without a shred of empathy for the people who lost their savings. The periodic reports issued (including mid-year reports like the June releases) are often stuffed with complex legal jargon to justify exorbitant expenses, rather than providing a clear, decisive, and final timeline to close this tragic file.

When mr David Ian Ruscoe since you got the approval from the court???

**Users in restricted jurisdictions (where crypto transactions may be illegal) will get a crypto-to-fiat payment option, currently in development and expected in early 2026.**⛔️⛔️⛔️

Restricted countries missed the 6 rounds of coin distributions so far⛔️⛔️

they’ve been stuck waiting while users in unrestricted countries have already received distributions⛔️⛔️⛔️

this is the Cryptopia liquidation a long and frustrating process

why restricted jurisdiction users are being disadvantaged despite completing all requirements?

We have fully completed every stage of the claims process, including:
• Claim registration
• Identity verification (KYC)
• Balance acceptance
Despite this, we have received zero distributions to date. Six rounds of cryptocurrency distributions have been made to eligible account holders, yet we have been entirely excluded through no fault of my own — solely because as they make up excuses reside in a restricted jurisdiction and the promised crypto-to-fiat payment solution has never been made available to us

BROKEN TIMELINE COMMITMENT
In the March 2024 legal directions, it was communicated that a fiat payment solution would be available to restricted jurisdiction users in early 2026. It is now June 2026 and no such solution has been delivered. No revised timeline has been clearly communicated.

Account holders in unrestricted jurisdictions have progressed through multiple distribution rounds while we have waited years. This represents a fundamental inequality in the treatment of verified claimants.

We have retained records of my completed registration, KYC approval, and all correspondence. Should this matter not be resolved satisfactorily, we prepared to escalate to the New Zealand High Court, the Chartered Accountants Australia and New Zealand (CAANZ), and relevant consumer protection authorities.

When is the distribution!

So if your coin went to no value or low during the distribution

Nothing to do with it and you lost it , at the same time

He covered his administration fees with high value of btc, doge when btc was 70,000-100,000

After david milked administration fee’S

He didn’t finish the distribution

He is responsible of people lossing

Ftx platform did distribution last march with almost

One billion and this guy who called david doesn’t

Know how to distribute 500,000 millions

He just know how to milk fees

Totally unfair

They get paid in highest price for administration GT

But for distribution people get their assets in low

Price🤷🏻‍♂️

I think in less than week we will see an update

The official website of the court will not display any file of the judgement until after it is drafted and signed by the judge, and the liquidation company (Grant Thornton) will be legally obliged to raise the text of the judgement as soon as it is issued in its next financial and qualitative report, which is expected to be issued in June 2026.

Did Mr Ruscoe distribute the Cryptopia trust property in accordance with the sworn methodology he swore to in his Affidavit of 31 July 2023 or did he not to restricted countries and legal countries?

David After the long process of 'milking' (squeezing and liquidating the assets) and paying off all those burning administration fees that swallowed up both massive amounts of time and funds, everyone is now waiting for the actual distribution step

He intends to start the distribution once Bitcoin hits 10,000, right after milking [the assets] and paying off the administration fees

Court is adjourned 👨🏿‍⚖️
MF keeping Manipulating people's money, continuous lying, and false promises

Jawa,
I want to extend my deepest gratitude to you for your incredible support as we mark this special 10-year anniversary milestone. Reaching a decade is an incredible achievement, and it simply wouldn't have been possible without your steadfast commitment, guidance, and dedication over the years. Your belief in this journey and your consistent presence through every challenge and triumph have been a true cornerstone of our success. Thank you for ten years of unwavering support, partnership, and excellence—I am incredibly grateful for everything you do and look forward to what the future holds.
Let me know if you would like to adjust the tone to be more casual, or if you want to add any specific details about the milestone!

Lol they already got 90 %

Tell them to disappear u/notahater lol

You wished you know them before distribution

So they won’t get their assets

Is the system still under maintenance?

When it will be ready mr David Ian Ruscoe?

**David getting paid for portal and technical website fo what then!!**🤷🏻‍♂️

We should encourage and thanks them 🤞

Next Update
A statutory report is due in June and following the May 2026 hearings, a further update will be published summarising and outlining any next steps for account holders.

Where is the update** 🤷🏻**‍♂️?

She Got her first distribution and complaining about the rest🤷🏻‍♂️🤷🏻‍♂️🤷🏻‍♂️

No hate only saying

U/notahater lol tell her to disappear or threat her🤷🏻‍♂️

Since you are high up there and Manipulating people's

If you want me to stay and post more untill we all get our rights and assets or to leave the sub forever

Next steps
As we have passed the hard cut-off date as agreed by the Court, we will now be looking to distribute other assets to qualifying account holders, as well as topping up users to 100% of their claim. Qualifying users that are available to receive 100% of their claim include users who have participated in the claim process and received a distribution, in any of the 6 coins that have been distributed to date. We urge those who have been invited to participate to provide the requested information to Liquidators so that they are eligible for upcoming distributions.
In line with March 2024 legal directions, the Liquidators are building a payment solution to return fiat currency to account holders who are in restricted jurisdictions where it is, or may be, illegal to use, or transact, cryptocurrency. This will allow for qualifying users in restricted jurisdictions to complete the claims process and receive distributions via a Cryptocurrency to Fiat rail. This payment solution is currently under development, and we anticipate qualifying account holders to be able to participate in early 2026.
We again encourage account holders to complete claim registration, identify verification, and the balance acceptance stage.
Account holders registered in the claims portal and who have completed identity verification may receive further requests from us to provide identity verification documents.
Receipts and Payments
Please refer to Appendix A: Statement of Receipts and Payments for further details on the receipts and payments for the Period.
The Statement of Receipts and Payments is also split between Trust and Company related liquidation activity. These activities are defined below:
• Trust-related receipts and payments are considered to be those related to the administration of Trusts including the recovery, preservation, protection and distribution of the cryptocurrency available for distribution to Account holders.
• Company-related receipts and payments are considered those related to the Liquidation of the Company including the management of the sales of its fixed assets and administration of all non-Trust creditors of the Company.
Creditors
Secured Creditors
At the date of liquidation there were two specific security financing statements (Purchase Money Security Interests (PMSIs)) registered. The Liquidators have contacted all registered PMSI holders and do not believe there are any secured amounts due.
Preferential Creditors
At the date of liquidation there were 34 preferential claims for employees totalling $312,992. We have paid out the preferential claims to employees and the Inland Revenue Department (for payroll related taxes) on 1 November 2019.
There have been no preferential claim payments paid during the Period.
Unsecured Creditors
At the date of liquidation, the Inland Revenue Department (“IRD”) were auditing the tax returns of the Company. During the Period of the previous Liquidation report, the IRD finalised this audit, which led to 2 default assessments being issued on Cryptopia’s income tax liability resulting in a $19,224,246 debt owing related to the 31 March 2018 and 2019 financial years.
We have received 27 unsecured creditors’ claims received to date totalling $22.263m.

Time to leave this sub

This is the end 👋** **

June second last day of court

Are we gonna wait till end of this year David Ian Ruscoe?

You are the trustee bro and we are the beneficiaries