"Your Coin Balances are operated by us, and represent entries in your name on the general ledger of ownership of Coins maintained and held by us."
"Each User's entry in the general ledger of ownership of Coins is held by us, on trust, for that User"
2) The fact each coins was held in its own wallet separate from Cryptopia's assets. That is the definition of a trust; where customer assets are held separately from the companies assets
3) Other legal jurisdictions like the US, UK , Australia, Singapore, Hong Kong and Switzerland have ruled that cryptocurrency is customer property and held in trust.
It would seem inconceivable that a New Zealand court would go against many other countries ruling that accept cryptocurrency as customer property held in trust.
We need to NZ court to quickly rule that the coins are held in trust and put a expedient time frame on disbursing the coins to each user. Like say one month to secure the coins in the wallets and set up a site that allows us to withdraw or you Grant Thornton are fired.