Quote from: fapnnap on May 17, 2019, 03:09:48 PM

btw, dont expect your money or funds back ever, this is mt.gox scale stuff

My personal opinion is that II don't believe it is. I believe it is a way they can legally get out of their building lease, leased servers, employment contracts and other obligations that over time will cost unnecessary $ and get a fair and legal way to return funds and preserving value. It is clear from the reported volume that there is not enough volume on the exchange to continue trading and cover expenses.

Currently it is in the hands of liquidators that have statutory powers and they have indicated they will seek the courts approval for certain matters regarding distribution of funds. https://www.grantthornton.co.nz/faqs-cryptopia-liquidation/

While I don't think all issues will be resolved but I think the bulk of the issues will be resolved within a reasonable timeframe. From what I have read is that it is likely that they will seek the courts approval to return crypto assets via withdrawal. This would require some legal approval because it depends on whether the courts see it as being held on behalf of customers or as a company asset.

The most logical and easiest way forward would be to consider it "held on behalf of customers" since it is easily identifiable, held separately, and preserves the best value.
(some of the alts would have no value in a fire-sale). Court approval would allow this to happen.
It also will provide funds to allow this to happen and allow them to hire independent experts to make this happen

Personally I feel more confident in liquidators (who are legally recognized as experts in such matters) making those decisions rather than things just dragging on for months unresolved.

The method in which Cryptopia has previously treated the funds (i.e. providing marker tokens for lost funds & their TOS) also indicates that it is the most likely path they will pursue. Under New Zealand law crypto is considered "digital property". This is distinctly different from Japan where it is considered "currency".